Richard M. Schulze net worth and biography

Richard Schulze Biography and Net Worth

Chairman of Best Buy
Richard M. “Dick” Schulze, the founder of The Richard M. Schulze Family Foundation, is also founder and chairman emeritus of Best Buy Co., Inc., the world’s largest multi-channel, consumer-electronic retailer.

Born and raised in St. Paul, Minnesota, Schulze is the ultimate entrepreneur and is living the American dream. From a modest background, he and a hand-picked team built a retailing empire based in the Twin Cities. Through it all, he adhered to his life-long values of integrity, humility, honesty, and respect – both in his professional career and his personal life. In years to come, Schulze hopes to be remembered by a personal legacy involving three major contributions through business, entrepreneurship education and philanthropy.

What is Richard M. Schulze's net worth?

The estimated net worth of Richard M. Schulze is at least $1.37 billion as of May 25th, 2022. Mr. Schulze owns 20,464,051 shares of Best Buy stock worth more than $1,372,319,260 as of October 6th. This net worth evaluation does not reflect any other investments that Mr. Schulze may own. Learn More about Richard M. Schulze's net worth.

How old is Richard M. Schulze?

Mr. Schulze is currently 81 years old. There are 8 older executives and no younger executives at Best Buy. Learn More on Richard M. Schulze's age.

How do I contact Richard M. Schulze?

The corporate mailing address for Mr. Schulze and other Best Buy executives is 7601 PENN AVE SOUTH, RICHFIELD MN, 55423. Best Buy can also be reached via phone at (612) 291-1000 and via email at [email protected] Learn More on Richard M. Schulze's contact information.

Has Richard M. Schulze been buying or selling shares of Best Buy?

Richard M. Schulze has not been actively trading shares of Best Buy within the last three months. Most recently, on Wednesday, May 25th, Richard M. Schulze bought 250,000 shares of Best Buy stock. The stock was acquired at an average cost of $79.60 per share, with a total value of $19,900,000.00. Following the completion of the transaction, the chairman now directly owns 20,464,051 shares of the company's stock, valued at $1,628,938,459.60. Learn More on Richard M. Schulze's trading history.

Who are Best Buy's active insiders?

Best Buy's insider roster includes Whitney Alexander (Insider), Corie Barry (CEO), Robert Bass (Insider), Matthew Bilunas (CFO), Deborah Eldracher (Insider), Matthew Furman (Insider), Damien Harmon (Insider), Todd Hartman (Insider), Hubert Joly (Director), Mario Marte (Director), Rajendra Mohan (COO), Allison Peterson (Insider), Kathleen Scarlett (Insider), Richard Schulze (Chairman), Brian Tilzer (Insider), and Mathew Watson (CAO). Learn More on Best Buy's active insiders.

Are insiders buying or selling shares of Best Buy?

In the last twelve months, Best Buy insiders bought shares 3 times. They purchased a total of 250,010 shares worth more than $19,900,999.70. In the last twelve months, insiders at the technology retailer sold shares 22 times. They sold a total of 133,565 shares worth more than $11,374,722.12. The most recent insider tranaction occured on September, 21st when insider Allison Peterson sold 126 shares worth more than $9,019.08. Insiders at Best Buy own 0.4 % of the company. Learn More about insider trades at Best Buy.

Information on this page was last updated on 9/21/2022.

Richard M. Schulze Insider Trading History at Best Buy

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
5/25/2022Buy250,000$79.60$19,900,000.0020,464,051View SEC Filing Icon  
4/14/2021Sell2,568$120.79$310,188.72View SEC Filing Icon  
10/9/2020Sell436,199$116.30$50,729,943.70View SEC Filing Icon  
10/7/2020Sell250,826$115.27$28,912,713.02View SEC Filing Icon  
7/8/2020Sell6,000$86.64$519,840.00View SEC Filing Icon  
6/29/2020Sell449,204$86.18$38,712,400.72View SEC Filing Icon  
6/26/2020Sell290,796$85.59$24,889,229.64View SEC Filing Icon  
12/2/2019Sell589,500$79.25$46,717,875.00View SEC Filing Icon  
11/29/2019Sell369,000$80.97$29,877,930.00View SEC Filing Icon  
11/27/2019Sell1,106,000$80.69$89,243,140.00View SEC Filing Icon  
7/22/2019Sell430,600$75.26$32,406,956.001,732,500View SEC Filing Icon  
7/19/2019Sell51,265$75.01$3,845,387.651,732,500View SEC Filing Icon  
7/17/2019Sell69,400$75.12$5,213,328.001,732,500View SEC Filing Icon  
7/9/2019Sell418,812$72.06$30,179,592.721,732,500View SEC Filing Icon  
7/5/2019Sell206,188$72.07$14,859,969.161,732,500View SEC Filing Icon  
7/3/2019Sell183,675$72.07$13,237,457.251,732,500View SEC Filing Icon  
3/11/2019Sell482,557$68.88$33,238,526.161,732,500View SEC Filing Icon  
3/4/2019Sell25,443$68.22$1,735,721.461,732,500View SEC Filing Icon  
3/1/2019Sell492,000$68.50$33,702,000.001,732,500View SEC Filing Icon  
12/18/2017Sell250,000$66.83$16,707,500.001,732,500View SEC Filing Icon  
12/15/2017Sell75,000$65.19$4,889,250.001,732,500View SEC Filing Icon  
12/13/2017Sell200,000$64.14$12,828,000.001,732,500View SEC Filing Icon  
12/8/2017Sell475,000$62.68$29,773,000.001,732,500View SEC Filing Icon  
12/6/2017Sell50,000$61.34$3,067,000.001,732,500View SEC Filing Icon  
12/4/2017Sell65,000$61.08$3,970,200.001,732,500View SEC Filing Icon  
12/1/2017Sell935,000$60.18$56,268,300.001,732,500View SEC Filing Icon  
11/29/2017Sell1,000,000$58.80$58,800,000.00View SEC Filing Icon  
12/16/2016Sell90,000$47.28$4,255,200.001,732,500View SEC Filing Icon  
12/15/2016Sell235,000$48.50$11,397,500.001,732,500View SEC Filing Icon  
12/9/2016Sell675,000$48.53$32,757,750.001,732,500View SEC Filing Icon  
10/13/2015Sell197,500$37.23$7,352,925.001,732,500View SEC Filing Icon  
10/12/2015Sell267,504$37.05$9,911,023.201,732,500View SEC Filing Icon  
10/6/2015Sell564,846$37.65$21,266,451.901,732,500View SEC Filing Icon  
10/5/2015Sell550,000$37.64$20,702,000.001,732,500View SEC Filing Icon  
4/17/2015Sell11,250$36.69$412,762.50View SEC Filing Icon  
2/27/2015Sell420,000$38.01$15,964,200.00View SEC Filing Icon  
2/24/2015Sell80,000$38.86$3,108,800.00View SEC Filing Icon  
2/20/2015Sell235,000$39.24$9,221,400.00View SEC Filing Icon  
2/18/2015Sell165,000$39.14$6,458,100.00View SEC Filing Icon  
2/13/2015Sell375,000$39.00$14,625,000.00View SEC Filing Icon  
2/11/2015Sell225,000$38.09$8,570,250.00View SEC Filing Icon  
2/6/2015Sell900,000$37.01$33,309,000.00View SEC Filing Icon  
2/4/2015Sell1,210,000$35.83$43,354,300.00View SEC Filing Icon  
2/3/2015Sell760,000$35.64$27,086,400.00View SEC Filing Icon  
1/13/2015Sell170,000$39.74$6,755,800.00View SEC Filing Icon  
1/12/2015Sell170,000$39.14$6,653,800.00View SEC Filing Icon  
1/8/2015Sell1,600,000$38.88$62,208,000.00View SEC Filing Icon  
1/5/2015Sell550,000$38.57$21,213,500.00View SEC Filing Icon  
12/23/2014Sell350,000$40.00$14,000,000.00View SEC Filing Icon  
11/25/2014Sell1,415,000$38.79$54,887,850.00View SEC Filing Icon  
11/20/2014Sell1,360,000$37.50$51,000,000.00View SEC Filing Icon  
11/13/2014Sell500,000$35.41$17,705,000.00View SEC Filing Icon  
11/6/2014Sell800,000$35.00$28,000,000.00View SEC Filing Icon  
11/4/2014Sell550,000$34.45$18,947,500.00View SEC Filing Icon  
10/30/2014Sell700,000$33.15$23,205,000.00View SEC Filing Icon  
10/28/2014Sell220,000$32.96$7,251,200.00View SEC Filing Icon  
10/27/2014Sell170,000$33.03$5,615,100.00View SEC Filing Icon  
10/23/2014Sell230,000$33.21$7,638,300.00View SEC Filing Icon  
10/3/2014Sell65,400$33.59$2,196,786.00View SEC Filing Icon  
9/29/2014Sell500,000$33.54$16,770,000.00View SEC Filing Icon  
8/28/2014Sell1,600$31.81$50,896.00View SEC Filing Icon  
11/5/2013Sell1,708,334$43.20$73,800,028.80View SEC Filing Icon  
10/23/2013Sell450,000$42.62$19,179,000.00View SEC Filing Icon  
10/3/2013Sell1,708,334$37.78$64,540,858.52View SEC Filing Icon  
9/10/2013Sell462,337$37.39$17,286,780.43View SEC Filing Icon  
9/9/2013Sell787,663$37.23$29,324,693.49View SEC Filing Icon  
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Richard M. Schulze Buying and Selling Activity at Best Buy

This chart shows Richard M Schulze's buying and selling at Best Buy by year and by quarter.

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Best Buy Company Overview

Best Buy logo
Best Buy Co., Inc. retails technology products in the United States and Canada. The company operates in two segments, Domestic and International. Its stores provide computing products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness, home theater, portable audio comprising headphones and portable speakers, and smart home products. The company's stores also offer appliances, such as dishwashers, laundry, ovens, refrigerators, blenders, coffee makers, and vacuums; entertainment products consisting of drones, peripherals, movies, music, and toys, as well as gaming hardware and software, and virtual reality and other software products; and other products, such as baby, food and beverage, luggage, outdoor living, and sporting goods. In addition, it provides consultation, delivery, design, health-related, installation, memberships, repair, set-up, technical support, and warranty-related services. The company offers its products through stores and websites under the Best Buy, Best Buy Ads, Best Buy Business, Best Buy Health, CST, Current Health, Geek Squad, Lively, Magnolia, Best Buy Mobile, Pacific Kitchen, Home, and Yardbird, as well as domain names bestbuy.com, currenthealth.com, lively.com, yardbird.com, and bestbuy.ca. As of January 30, 2022, it had 1,144 stores. The company was formerly known as Sound of Music, Inc. The company was incorporated in 1966 and is headquartered in Richfield, Minnesota.
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Today's Range

Now: $67.06
Low: $66.72
High: $68.05

50 Day Range

MA: $74.05
Low: $63.34
High: $84.95

2 Week Range

Now: $67.06
Low: $62.42
High: $141.97

Volume

96,526 shs

Average Volume

2,574,000 shs

Market Capitalization

$15.10 billion

P/E Ratio

8.99

Dividend Yield

5.22%

Beta

1.47