How rich is Charles Butt?
Charles Butt Net Worth:
|Birth date:||February 3, 1938|
|Birth place:||San Antonio, Texas, United States|
|Education:||Harvard Business School|
|Nationality:||United States of America|
|Children:||Howard Edward Butt Sr.|
|Parents:||Mary Elizabeth Butt|
Charles Butt net worth, wiki & biography:
American businessman and grocer, Charles Butt, and family has a net worth of $6.4 billion according to FORBES.Charles Butt best known for the HEB supermarket chain in Texas and northern Mexico. The Texas-born Charles Butt started working as a bag boy at age eight in his father’s supermarket. His grandmother Florence Butt, founded H.E. Butt Grocery in 1905 from a small house in Kerrville, Texas.
Charles Butt Net Worth $6.4 Billion
Charles Butt graduated from University of Wharton School with a Bachelor of Arts / Science and earned a Master of Business Administration from Harvard Business School. Charles took over the household ‘s H E B supermarket chain in 1971.The H E B grocery chain now boasts an annual sales of over $15 billion and has stores in Louisiana and Mexico with headquarter in San Antonio. The company’s Central Market gourmet and organic line increasingly competes with Whole Foods. H E B contributes 5% of pretax profits to charity. The HEB brand has expanded into several different varieties through the years, including the Central Market brand, a Whole Foods inspired supermarket chain featuring a large selection of gourmet alternatives, cooking categories.