Richard Schulze net worth: Richard Schulze is an American businessman who has a net worth of $2.9 billion dollars which makes him one of the richest people in Minnesota. Born in St. Paul, Minnesota, Richard Schulze graduated from Central High School and then joined the Minnesota Air National Guard. He went on to found the "Sound of Music Store" in St. Paul in 1966. "Sound of Music" would eventually become known as Best Buy. Best Buy went public twenty years later and was the second largest electronics retailer in the US throughout the early to mid-90s. Mr. Schulze served as CEO until 2002, and then became Chairman of the Board. The company has struggled over the course of the last ten years, finding it hard to compete against online video, music, and electronics companies such as iTunes and Amazon. During the summer of 2012 they closed 50 locations around the US, and let 2,400 employees go. Mr. Schulze stepped down as Chairman in May of 2012, after it was revealed that he knew about a relationship between (now former) CEO, Brian Dunn, and a female employee.
Richard Schulze Net Worth
Have something to add to this net worth? Share it by adding comments below.
Richard M. Schulze
Date of Birth
United States of America
Richard M Schulze, Dick Shulze
Marshawn Lynch Hasn't Spent A Dime Of His $50 Million NFL Salaryon Feb 8, 2016
How A Mediocre Baseball Player Ended Up Making MILLIONS Off Upper Deck Baseball Cardson Feb 12, 2016
Jackie Chan Drops $20 Million On A Gorgeous New Private Jeton Feb 12, 2016
How Daisy Fuentes Went From MTV VJ To A $300 Million Retail Tycoonon Feb 11, 2016
"Bankrupt" 50 Cent Angers Creditors By Flaunting Cash On Social Mediaon Feb 10, 2016
Why Do Billionaires And Celebrities Descend On St. Barts To Escape The Cold Every Year?on Feb 12, 2016
From Wrongfully Locked Up For 34 Years To Millionaire: The Kash Register Storyon Feb 11, 2016
These Four Celebrities Lost HUGE Lawsuits And Paid The Price!on Feb 11, 2016
Led Zeppelin Members Plead Lack Of Memory In Stunning Stairway To Heaven Plagirism Lawsuiton Feb 12, 2016
Ferrari Enzo Almost Completely Destroyed In Crazy Wreck Is Now Worth Three Times As Muchon Feb 12, 2016
All net worths are calculated by applying a proprietary algorithm. The results are then fact checked and confirmed by a team of editors. We scan all publicly available data and resources and work diligently to ensure that our numbers are the most accurate and up to date net worth data you will find anywhere on the internet.
- Ciara Sues Future Files $15 Million Defamation Lawsuit Against Ex-Boyfriend FutureCiara is suing Future for an amount that it doesn't look like he would even be able to pay if she wins. Check out the details here.
- Fight With Equipment Manager Will Cost Blake Griffin $859,442Blake Griffin has been out of the Clippers lineup with a quadriceps injury, will miss more time as he recovers from a broken hand, and it looks like he will miss a few more games and lose close to $900K for beating up the team's equipment manager.
- How Much Would You Pay For A Picture Of A Potato? I Hope Not This Much!Johnny Depp; Yoko Ono; Bob Geldof; Dustin Hoffman: for one photographer, they're all mere child's play, compared to a potato.
- Billionaire Roundup: Valentine's Day EditionIt is another week and our favorite billionaires (and millionaires) are out and about in the world doing what they do best: spending money and running their mouths....let's take a look at what they've been up to.