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
Some Athletes Go Broke In Retirement. David Robinson Just Luanched His SECOND Private-Equity Fundon Oct 7, 2015
Lil Wayne Makes Shocking Claims About Birdman Fleecing Millions From Drake, Nicki Minaj And Moreon Oct 8, 2015
A 100-Year Old Japanese Mafia – The Richest In The World – May Be In The Midst Of A Destructive Spliton Oct 3, 2015
The Five Worst Movies That Still Went On To Make Billionson Oct 10, 2015
Unlike Many Of His Broke Peers, Jamal Mashburn Has Earned A TON Of Money Since His Retirementon Oct 9, 2015
How Tech N9ne Became One Of The Highest Paid People In Hip-Hopon Oct 3, 2015
If A Private Yacht Is Not Good Enough For You, Why Not Try A Private Floating Island???on Oct 9, 2015
Five Child Stars Who've Had A Very Rough Lifeon Oct 10, 2015
Jay Z And Beyoncé Are Renting $45 Million LA Mansionon Oct 10, 2015
5 Insane Facts About Pablo Escobar's Wealthon Sep 28, 2015
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.
- Gambler's Corner – Everything You Need To Know For Week Six Of College Football BettingFor the betting man, this means we have more good college football games that are hard to call, bad games with spreads that are likely to be beat, and ugly games for which we will never understand their existence in the first place.
- Fetty Wap's Debut Album Helped Him Accomplish Something That Hasn't Been Done In YearsFetty Wap has been killing it this year, and now he adds yet another accomplishment to the list.
- Here Is What You Can Expect To Pay To Open A FranchiseIf you don't mind dealing with things like minimum wage employees and angry customers, a fast food franchise could end up being a huge money maker.
- This Week In Celebrity Car News (September 30 – October 6)This week, celebrities have been buying, selling, and customizing their cars, so let's take a closer look.