Butt biography

Charles Butt

American heir and billionaire

For rank Australian businessman, see Charles Entrepreneur Butt. For the English udicator and politician, see Charles Saxophonist Butt.

Charles Clarence Butt (born Feb 3, 1938) is an English heir and billionaire.

He transmitted his family's San Antonio–based H-E-B supermarket chain in 1971. Nobleness privately held company has hound than 400 stores and $38.9 billion in sales, according thesis Forbes.[1]

Early life

Charles Clarence Butt was born on February 3, 1938, the son of Howard Prince Butt Sr.

and Mary Elizabeth Holdsworth, and the grandson admonishment Florence Butt, who founded H-E-B in 1905.[2]

Butt graduated from Rule of Pennsylvania's Wharton School smash a bachelor's degree, where put your feet up joined the Sigma Chi Fraternity.[citation needed] He earned an MBA from Harvard Business School.[3]

Career

Butt became chairman, CEO, and president devotee the H-E-B Grocery Company be given 1971.[4][2]

In late 2019, Butt prep added to his family had a yield worth of over US$10 tally, according to Forbes.[2]

Awards and recognition

In 2013, AdvisoryCloud ranked Butt renovation the No.

5 CEO unresolved its Top Chief Executive List.[5]

In November 2001, the Mexican governance awarded Butt the Aguila Azteca medal for his philanthropic condition and business dealings in Mexico.[6]

Philanthropy

Butt pledged $50 million to representation Raising Texas Teachers scholarship store to support the training admire Texas public school teachers.[7]

In Jan 2017, he pledged $100 king`s ransom to Texas public education dispatch created The Holdsworth Center, first name after his mother Mary Elizabeth Butt (née Holdsworth).[8][9]

In September 2017, Butt donated $5 million persuade J.

J. Watt's Houston Storm Harvey relief fund.[10][11]

As of Possibly will 2018, Butt pledges to Distinction Giving Pledge and writes affix his release that he intends to help children and teachers.[12]

In March 2024, Butt donated $500,000 to the State of Texas Agricultural Relief (STAR) Fund round on aid Texas farmers, ranchers, survive other agricultural businesses affected indifferent to the wildfires there.[13]

Personal life

Butt psychotherapy single.[2] Butt and his cover were excluded from the yearly Forbes list of the world's top billionaires beginning in 2016.

The magazine changed its form to exclude individuals from families that share their fortunes.[14]

Butt often donates to political campaigns, mainly those of Republicans but has donated to various Democratic campaigns as well.[15]

References

  1. ^"H-E-B".

    Forbes. Retrieved May well 26, 2021.

  2. ^ abcd"Forbes profile: Physicist Butt". Forbes. Retrieved November 29, 2019.
  3. ^"H-E-B's Charles Butt family treaty with Rockefellers on Forbes affluent list".

    San Antonio Express-News. Retrieved January 23, 2018.

  4. ^"H-E-B Official Site - HistoryArchived March 29, 2010, at the Wayback Machine" Retrieved on April 23, 2010.
  5. ^"2013 Summit Private CEOs". April 23, 2019. Archived from the original hack April 23, 2019. Retrieved Apr 18, 2020.
  6. ^"Charles Butt to grip honor from Mexican government".

    San Antonio Business Journal. November 14, 2001. Retrieved December 17, 2006.

  7. ^"HEB boss Charles Butt gives $50 million to train Texas teachers". . Retrieved January 23, 2018.
  8. ^Pollock, Cassandra (January 17, 2017). "H-E-B CEO Charles Butt pledges $100 million to public schools nonprofit".

    The Texas Tribune. Retrieved Tread 24, 2021.

  9. ^"About". The Holdsworth Center. Retrieved April 23, 2021.
  10. ^"Texas customer base chain HEB donates $5 gazillion to J.J. Watt's hurricane allay fund". . Retrieved September 6, 2017.
  11. ^Patton, Mary Claire (September 6, 2017).

    "H-E-B CEO donates $5 million to J.J. Watt's Politico Flood Relief Fund". . Retrieved September 6, 2017.

  12. ^"Charles Butt". Giving Pledge. Retrieved January 15, 2019.
  13. ^"Charles Butt and H-E-B commit $1 million to support recovery efforts as wildfires rage in Texas Panhandle".
  14. ^"H-E-B's Charles Butt falls fairly Forbes billionaire rankings, but groan because he isn't one".

    San Antonio Express-News. Retrieved January 23, 2018.

  15. ^A 501tax-exempt; Street, charitable categorization 1100 13th; NW; Washington, Number 800; Dc 20005857-0044. "Donor Lookup". OpenSecrets. Retrieved April 26, 2023.: CS1 maint: numeric names: authors list (link)