How rich is the CEO of H-E-B?

CHARLES BUTT • Net Worth $10 Billion • House • Yacht • Private Jet • HEB Supermarket
Name: Charles Butt
Net Worth: $ 10 billion
Source of Wealth: HEB Grocery
Born: February 3, 1938
Age: 84

How much is H-E-B worth 2022?

The San Antonio-based grocery chain was Texas’ sole top-10 entry on Forbes’ Largest Private Companies List for 2022, ranking at No. 6 with $38.9 billion in revenue for the fiscal year. H-E-B is also the third-largest employer on the list, with 145,000 employees.

Is H-E-B a billion dollar company?

With $38.9 billion in revenue this year, the grocery chain is listed as employing about 145,000 employees.

Is H-E-B still privately owned?

San Antonio-based H-E-B ranks fifth on Forbes’ new list of the country’s largest privately owned companies based on annual revenue. According to Forbes, the grocery chain’s annual revenue is $32.8 billion, making it the largest private company in Texas.

How rich is the CEO of H-E-B? – Related Questions

How much is the H-E-B family worth?

750 crores USD (2022)
Charles Butt / Net worth

How rich is the H-E-B family?

All of this has turned four members of the Butt family into billionaires worth $14 billion combined. The extended Butt family owns approximately 90% of the San Antonio-based firm, which Forbes currently values H-E-B at just over $17 billion.

Who are the top 5 richest families?

The top 10 richest families in 2022 by estimated wealth are:
  • The Hermès family with $94.6 billion.
  • The Ambani family with $84.6 billion.
  • The Wertheimer family with $79 billion.
  • The Cargill, MacMillan family with $65.2 billion.
  • The Thomson family with $53.9 billion.
  • The Hoffman, Oeri family with $45.1 billion1.

Who is the richest man in Texas?

Elon Musk, the billionaire leader of Tesla and SpaceX, is now the wealthiest Texas resident, according to Forbes magazine’s annual ranking of the 400 richest Americans.

Who is the richest family in Houston?

Almost all saw their wealth rise in 2022.
  • 1of3. Jeffery Hildebrand, founder of privately-held oil and gas company Hilcorp, has a net worth of $11 billion. He ranks No.
  • 2of3. Houston Rockets Owner Tilman Fertitta has a net worth of $7.7 billion.
  • 3of3. Rich Kinder, shown with wife Nancy, has a net worth of $7.3 billion.

Is H-E-B Texas owned?

2020 America’s Richest Families Net Worth

The Butt family owns the Texas-based H.E.B. grocery store chain, which started in 1905 when Florence Butt opened a small grocery store with just $60. Her son Howard Butt took over in the 1920s and expanded it across Texas, renaming it the H.E. Butt Grocery Company in 1928.

Who is the parent company for H-E-B?

Butt Grocery Company in 1928. In 2021, H-E-B has more 340 stores in Texas and Mexico and more than a 100,000 employees, according to the grocery chain. Charles Butt, who is the company CEO and the founder’s grandson, owns a majority stake in the company. His two siblings and two nephews also own stakes.

Is H-E-B a non profit organization?

H-E-B’s incredible commitment to public service is an integral part of the brand’s value system. As a nonprofit operating in Texas, we’ve seen firsthand the amazing ways this company has shown up to help its communities.