Howard D.  Schultz net worth and biography

Howard Schultz Biography and Net Worth

CEO of Starbucks
Howard Schultz is a transformative leader who built Starbucks over four decades into one of the world’s most recognized and respected businesses, a company committed to strengthening communities through human connection and innovation.

Howard’s journey with Starbucks began in 1981, when he first walked the doors of the whole-bean shop in Seattle’s Pike Place. There, he tasted his first sip of Sumatra and was invited into conversation with connoisseurs who took great care in not only finding and roasting the finest quality coffee, but also sharing their passion with others. In 1982, when Starbucks had only four stores, Howard moved to Seattle from his native New York and joined the company as director of operations and marketing.

A year later, in 1983, Howard traveled to Italy and became captivated with Italian coffee bars and the romance of the coffee experience. He had a vision to bring the Italian coffeehouse tradition to America. He wanted to create a place for human connection, conversation and one that fostered a sense of community – a third place between work and home. He left Starbucks for a short period of time to start his own Il Giornale coffeehouses and returned in August 1987 as chief executive officer to purchase Starbucks with the help of local investors.

From the beginning, Howard set out to build a different kind of company –one that delivers business excellence through a culture of compassion. In these early days, Howard created two landmark programs rooted in the fundamental belief that a business can only exceed expectations by sharing success with its people and the communities it serves. First, Starbucks offered comprehensive health coverage for eligible full- and part-time workers, among the first in the retail industry. Second, Starbucks offered partners (employees) equity in the company in the form of stock, called Bean Stock.

After growing the company to more than 3,000 stores and opening its first stores in Japan, China and Europe, Howard stepped down from the ceo role in 2000 to focus on international expansion as global chief strategist and chairman. He returned in January 2008 as ceo to lead the transformation of the company, bringing the company to sustainable, profitable growth with a renewed focus on Starbucks coffee heritage, innovation and the customer experience. Over the decade, Starbucks grew from 15,000 stores to nearly 30,000, including its groundbreaking Starbucks Reserve® Roastery locations, Community Stores, Military Family stores and a global agronomy center at Hacienda Alsacia. He opened up new educational opportunities through the Starbucks College Achievement Plan, a first-of-its kind program to give partners a tuition-free college education online and committed to hiring tens of thousands of military veterans and spouses, opportunity youth and refugees.

Howard retired from the company in 2018 but rejoined Starbucks as interim chief executive officer and a member of the company’s Board of Directors on April 4, 2022.

At the heart of the Starbucks Experience today, just as it has been from the beginning, is Starbucks mission to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time. 

Howard has been recognized for his passion, his leadership, and his efforts to strengthen communities. Howard was named Fortune’s 2011 Businessperson of the year for delivering record financial returns for the company while leading an effort to spur job creation in the U.S. He has also been honored with the Distinguished Business Leadership Award from the Atlantic Council, Distinguished Leadership Award from Northwestern University’s Kellogg School of Management, Horatio Alger Award for those who have overcome adversity to achieve success; the Rev. Theodore M. Hesburgh Award for Business Ethics given by Notre Dame University’s Mendoza College of Business; the Botwinick Prize in Business Ethics from Columbia Business School; and the first-ever John Wooden Global Leadership Award from UCLA Anderson School of Management. He has also been included in Time magazine’s “Time 200,” a list of the most influential people in the world. He is also the best-selling author of “From the Ground Up: A Journey to Reimagine the Promise of America” (2019), “For Love of Country: What Our Veterans Can Teach Us About Citizenship, Heroism, and Sacrifice” (2014), “Onward: How Starbucks Fought for Its Life without Losing Its Soul” (2011), and “Pour Your Heart Into It” (1997).

Howard and his wife, Sheri, are co-founders of the Schultz Family Foundation and emes project LLC, two organizations dedicated to creating greater opportunity, accessible to all. In partnership with nonprofits, businesses and governments, the Foundation and the emes project are focused on developing and investing in entrepreneurial, cross-sector solutions designed to build more equitable systems; foster our common bonds; strengthen our democracy; and create life-changing opportunity for people and communities who have historically been at the margins of our country’s promise, particularly young adults and post-9/11 veterans.

Howard earned a bachelor’s degree from Northern Michigan University. He spent three years in sales and marketing with Xerox Corporation. Before joining Starbucks, he was Vice President and General Manager of Hammarplast U.S.A., a Swedish housewares company.

What is Howard D. Schultz's net worth?

The estimated net worth of Howard D. Schultz is at least $1.57 billion as of May 12th, 2022. Mr. Schultz owns 19,606,960 shares of Starbucks stock worth more than $1,572,478,192 as of June 19th. This net worth evaluation does not reflect any other investments that Mr. Schultz may own. Additionally, Mr. Schultz receives an annual salary of $757,600.00 as CEO at Starbucks. Learn More about Howard D. Schultz's net worth.

How old is Howard D. Schultz?

Mr. Schultz is currently 71 years old. There are 6 older executives and no younger executives at Starbucks. Learn More on Howard D. Schultz's age.

What is Howard D. Schultz's salary?

As the CEO of Starbucks Co., Mr. Schultz earns $757,600.00 per year. There are 5 executives that earn more than Mr. Schultz. The highest earning executive at Starbucks is Mr. Laxman Narasimhan, CEO & Director, who commands a salary of $4,890,000.00 per year. Learn More on Howard D. Schultz's salary.

How do I contact Howard D. Schultz?

The corporate mailing address for Mr. Schultz and other Starbucks executives is 2401 UTAH AVENUE SOUTH, SEATTLE WA, 98134. Starbucks can also be reached via phone at (206) 447-1575 and via email at [email protected]. Learn More on Howard D. Schultz's contact information.

Has Howard D. Schultz been buying or selling shares of Starbucks?

Howard D. Schultz has not been actively trading shares of Starbucks during the last quarter. Most recently, on Thursday, May 12th, Howard D. Schultz bought 72,500 shares of Starbucks stock. The stock was acquired at an average cost of $68.85 per share, with a total value of $4,991,625.00. Following the completion of the transaction, the chief executive officer now directly owns 19,606,960 shares of the company's stock, valued at $1,349,939,196. Learn More on Howard D. Schultz's trading history.

Who are Starbucks' active insiders?

Starbucks' insider roster includes Michael Conway (Insider), John Culver (COO), Rachel Gonzalez (EVP), Lucy Helm (EVP), Kevin Johnson (CEO), Sara Kelly (EVP), Angela Lis (EVP), Joshua Ramo (Director), Rachel Ruggeri (Exec. VP), Rachel Ruggeri (CFO), Howard Schultz (CEO), Clara Shih (Director), Javier Teruel (Director), Myron Ullman III (Director), Jill Walker (CAO), and Gina Woods (EVP). Learn More on Starbucks' active insiders.

Are insiders buying or selling shares of Starbucks?

During the last twelve months, insiders at the coffee company sold shares 14 times. They sold a total of 22,933 shares worth more than $2,106,985.04. The most recent insider tranaction occured on June, 14th when CEO Michael Aaron Conway sold 3,250 shares worth more than $260,000.00. Insiders at Starbucks own 2.0% of the company. Learn More about insider trades at Starbucks.

Information on this page was last updated on 6/14/2024.

Howard D. Schultz Insider Trading History at Starbucks

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
5/12/2022Buy72,500$68.85$4,991,625.0019,606,960View SEC Filing Icon  
5/10/2022Buy137,500$72.67$9,992,125.0019,534,460View SEC Filing Icon  
11/21/2017Sell25,000$57.28$1,432,000.0029,798,282View SEC Filing Icon  
11/15/2017Sell290,176$57.03$16,548,737.2829,872,564View SEC Filing Icon  
12/8/2015Sell162,099$62.23$10,087,420.7729,581,240View SEC Filing Icon  
6/10/2015Sell200,000$52.82$10,564,000.00View SEC Filing Icon  
6/5/2015Sell311,738$52.27$16,294,545.26View SEC Filing Icon  
12/10/2014Sell340,300$84.03$28,595,409.00View SEC Filing Icon  
12/8/2014Sell247,300$84.05$20,785,565.00View SEC Filing Icon  
8/5/2013Sell418,000$74.16$30,998,880.00View SEC Filing Icon  
5/15/2013Sell500,000$63.89$31,945,000.00View SEC Filing Icon  
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Howard D. Schultz Buying and Selling Activity at Starbucks

This chart shows Howard D Schultz's buying and selling at Starbucks by year and by quarter.

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Starbucks Company Overview

Starbucks logo
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company also licenses its trademarks through licensed stores, and grocery and foodservice accounts. The company offers its products under the Starbucks Coffee, Teavana, Seattle's Best Coffee, Ethos, Starbucks Reserve, and Princi brands. Starbucks Corporation was founded in 1971 and is based in Seattle, Washington.
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Today's Range

Now: $80.20
Low: $79.59
High: $81.71

50 Day Range

MA: $80.61
Low: $72.50
High: $88.75

2 Week Range

Now: $80.20
Low: $71.80
High: $107.66

Volume

9,664,456 shs

Average Volume

10,570,362 shs

Market Capitalization

$90.84 billion

P/E Ratio

22.09

Dividend Yield

2.80%

Beta

0.96