Charles Butt Net Worth
Charles Butt, an American businessman best known for the HEB supermarket chain in Texas and northern Mexico, has a net worth of $11.1 billion. His net worth speaks to the success his family had in the supermarket industry, and in 1971 he took over the family grocery store business. The store's name comes from the initials of Howard E. Butt, son of the founder of the family grocery store (and Charles Butt's father). Since then, the business has continued to grow into one of the largest privately held companies in America – and the largest one in the state of Texas. The HEB brand is known for its competitive pricing and customer service, as well as its commendable donations to charity, consistently donating five percent of its earnings before taxes to charities in the community. The HEB brand has expanded into several different varieties over the years, including the Central Market brand, a Whole Foods inspired supermarket chain featuring a wide variety of gourmet options, cooking classes, and even a café with live music performed on certain nights of the week. All of these innovations (or skilled replications) of what a supermarket can be can in some way be credited to Charles Butt.