Howard Schultz Net Worth
Howard Schultz net worth and salary: Howard Schultz is an American billionaire entrepreneur who has a net worth of $3 billion. Born in Brooklyn, New York, Howard Schultz grew up in a poor family. He proved to be an excellent athlete and subsequently received an athletic scholarship to Northern Michigan University. He graduated in the early 70s with a degree in Communications and began working for Xerox. He left Xerox to become a manager for a Swedish coffee manufacturer. While working there, he was introduced to a group of Seattle-based coffee makers that had started a company called Starbucks Coffee Company. He became their Director of Marketing. He suggested that they take their coffee company in the same direction as the coffee shops of Italy, but they were not interested in creating a "café-like" culture. He started his own coffee shop, Il Giornale, and ultimately bought Starbucks from the original owners. He grew the company to the billion-dollar industry it is today. As of this writing, Starbucks has a market capitalization north of $55 billion dollars. In September 2013, Howard angered some gun owners by asking people to not bring guns into Starbucks locations. He is also a supporter of raising minimum wages. In June 2014, Schultz announced that every Starbucks employee will be able to take free online college classes from Arizona State. He is also the former owner of the Seattle Supersonics basketball team.