See full version: Howard Edward Butt Sr. Net Worth
He was born in Memphis, Tennessee, but raised in Kerrville, Texas. His marriage to Mary Elizabeth Holdsworth resulted in sons named Howard E. Butt, Jr. and Charles Clarence Butt and a daughter named Margaret Eleanor Butt Cook.
During his high school years, he helped manage a small-scale food store that his mother operated. Before launching his own Business career, he served in World War I. more
Remembered best for establishing the American H-E-B chain of grocery stores, this twentieth-century Entrepreneur is also famous as a philanthropist. In the mid-1930s, he launched both the Howard E. Butt Community Investment Program and the H.E. Butt Foundation; these organizations aided nonprofit and education programs in Texas.
His H-E-B chain opened its debut supermarket in Corpus Christi, Texas, in 1952.
He and Bernard Kroger were both founders of major American grocery store chains. here
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Charles Butt started working for the family business, Texas grocery chain H-E-B, at age 8. Florence Butt, his grandmother, founded the company in 1905 after her husband was diagnosed with tuberculosis and was unable to work. Her son Howard took over in the 1920s and expanded throughout Texas. Charles became chairman and CEO in 1971 and today is the majority shareholder. Two siblings and two nephews own stakes in the company as well. H-E-B has 316 stores in Texas, plus 52 stores in Mexico, and donates 5% of pretax profits to charity.
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37 of 45 2008 - H E B is named as one of the largest grocery chains in the United States. It remains the largest privately held company in Texas. John Davenport/John Davenport/San Antonio Express-News Show More Show Less more
14 of 45 Howard E. Butt, Jr., who recently had his book, "Who Can You Trust?" published, spends time at his home in San Antonio on Monday, October 18, 2004. LISA KRANTZ/SAN ANTONIO EXPRESS-NEWS Show More Show Less
16 of 45 Howard E. Butt, Jr., who recently had his book, "Who Can You Trust?" published, spends time at his home in San Antonio on Monday, October 18, 2004.
LISA KRANTZ/SAN ANTONIO EXPRESS-NEWS Show More Show Less
29 of 45 2000 - The H E Buddy mascot is introduced. Victor Strife Show More Show Less
For years juggling the weight of work, family and his Baptist faith, he later became a pioneer in addressing mental illness when he publicly acknowledged bouts of anxiety and depression. After leaving the executive mantle to a younger brother, Mr. Butt became a spiritual adviser to other businesspeople, founder of a central Texas religious center and the head of his family’s philanthropic endeavors. more
Howard E. Butt Jr., the eldest son helping run his family’s H-E-B Grocery chain, grew uneasy in the 1960s with balancing the day-to-day demands of the fast-growing company and a fervent religious activism that carried him to prayer meetings and weekend revivals.
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Last year, Leininger, 70 and founder of the Texas Public Policy Foundation, was ranked at No. 1,415. [links]
Microsoft Corp. co-founder Bill Gates remains at the top of the world’s billionaire list with a net worth of $75 billion, $4.2 billion less than last year.
“We shifted Charles Butt off the billionaires list and into the family fortune category because he shares ownership of H-E-B with his two siblings and two nephews. There may even be more family shareholders, but the company won’t say,” Forbes spokeswoman Crystal Kwok said in an email. more
The second-richest San Antonian on the new Forbes list is Christopher “Kit” Goldsbury, 73, owner of Silver Ventures, which owns the former Pearl Brewery site. Goldsbury is tied at No. 1,198 in the world with a net worth of $1.5 billion, the same amount as last year when his Forbes ranking was No. 1,250. [links]
See how much S.A.'s richest are worth in 2016, according to Forbes.
James Leininger, founder of Kinetic Concepts Inc., now owned by Apax Partners, is the fourth-richest San Antonian with a net worth of $1.3 billion, the same as last year. He’s tied at No. 1,367, according to Forbes.