Charles Butt
$7.62B
as of 07/05/24
About Charles Butt
Charles Butt is chairman of H-E-B, a Texas-based grocery chain with $39 billion in revenues.
He started working for the family-owned business bagging groceries at age 8.
Florence Butt, his grandmother, founded the company in 1905 after her husband was diagnosed with tuberculosis and was unable to work.
Charles became chairman and CEO in 1971. He handed the CEO job to nephew Howard Butt III in 2021. Howard is also on the board of directors.
Sister Eleanor Butt Crook is on the board of directors and nephew Stephen Butt is president of the Central Market division and a member of the board.
The Butt family owns an estimated 90% of the company.
Personal stats
Citizenship
United States of AmericaSource of wealth
SupermarketsResidence
San Antonio, TexasMarital status
SingleBirth date
02/03/38 (age 86)Education
Bachelor of Arts/Science, University of Pennsylvania, The Wharton SchoolSelf-made
inherited and growingCharles Butt’s fortune is worth
127K
troy ounces of gold
117K
median U.S. household
76K
median U.S. income
0.152%
U.S. credit card volume
0.03%
GDP of the United States
0.022%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
H-E-B gives 5% of pretax profits to charity.
Net worth over time
Real-time ranking
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