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
Ozzie Silna, One Of The Brothers Who Made $800 Million Off The Best Business Deal Of All Time, Dies At 83on Apr 28, 2016
The Owners Of The Golden State Warriors Have Seen An Incredible Return On Their Initial $450 Million Investmenton Apr 26, 2016
The Time A Professional Gambler Turned $50 Into $40 MILLION... And Eventually Ended Up Brokeon Apr 26, 2016
Manny Pacquiao's Final Fight Was Such A Dud, It's Going To LOSE Moneyon Apr 27, 2016
You Won't Believe Ludacris's Ridiculous Demands For A 13-Minute Performance!on Apr 26, 2016
Rob Kardashian And Blac Chyna Could Rake In Over A Million For TV Wedding Specialon Apr 28, 2016
Renting A House To Prince Was An Interesting Experience. Just Ask Carlos Boozer...on Apr 27, 2016
Billionaire Didn't Notice For Years That Her $1M Picasso Painting Was Stolenon Apr 28, 2016
Convicted Murderer Phil Spector Files For Divorce From Jail—Claims Wife Is Burning His $35m Fortuneon Apr 28, 2016
Prince's Sister Claims The Singer Had No Will For $300 Million Net Worthon Apr 27, 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.
- Prince Has Sold A Staggering Amount Of Music Since His Untimely DeathPrince's fans definitely showed their support of the 57-year-old artist after his untimely death last week, by purchasing a lot of his music.
- Tom Brady Restructured His Contract And It Will Save Him $2 Million During His SuspensionTom Brady is known for his excellent decision-making on the field. His latest move came during the off-season, and it'll save him big bucks.
- UFC Owners Frank and Lorenzo Fertitta Are About To Make Hundreds Of Millions Of DollarsIf you ever wanted to learn how the rich keep getting richer, just pay attention to how the Fertitta brothers, Frank and Lorenzo, do business. The two are about to make an insane amount of money when their company goes public.
- Penny Hardaway's Career Was Limited By Injuries... But He's Making The Most Of His Time Since RetiringPenny Hardaway's career started off promising, but injuries prevented him from reaching his full potential. However, that hasn't stopped the point guard from continuing to lead.