However, a CNN analysis believed that "running on a deficit-reduction platform might end up syphoning as many Republican moderates away from Trump as liberals or independents away from the Democratic nominee. [35] On June 4, 2018, Schultz announced that he would retire from active management of Starbucks, after 37 years, as he was considering amongst other options a campaign for U.S. [36] While revenue was growing broadly, it was largely dependent on new store openings creating unsustainable (or inorganic) growth. According to Securities and. [92], Howard Schultz has been taking anti-union actions at Starbucks since the late 1980s. However, a number of economic and logistical factors prevented them from following through with the idea. Mr. Johnson owns over 250,000 units of Starbucks stock worth over $77,020,322 and over the last 16 years he sold SBUX stock worth over $3,502,600. Schultz attended the Boys' Club of New York as a youth, and went to Canarsie High School. Schultz is known to be a deficit hawk in terms of the economy, and a liberal hawk in terms of foreign affairs. On March 16, 2022, Starbucks announced that CEO Kevin Johnson was retiring, and that Howard Schultz would take over as interim CEO until Laxman Narasimhan took over as CEO in April 2023. According to the Free Library of Philadelphia, his books are known to be a blend of "part memoir and part manifesto of corporate social responsibility. Schultz publicly considered a candidacy in the 2012, 2016, and 2020 U.S. presidential elections as an independent candidate. The ordinance passed. [151] In line with this, Schultz advocates for a U.S.-centered unipolar world where countries work with America to ensure stability and peace. Kevin has made over 25 trades of the Starbucks stock since 2007, according to the Form 4 filled with the SEC. encouraging him to enter the contest. [29] The IPO raised $271 million for the company and financed the doubling of their stores. [3] Schultz started the Schultz Family Foundation to help military veterans and fight youth unemployment. [175] As a large shareholder of Starbucks stock, Schultz was repeatedly asked about potentially selling all of his holdings if elected to the White House. Succeeding Jim Donald, Schultz led a mass firing of executives and employees and shuttered hundreds of stores. The estimated net worth of Laxman Narasimhan is approximately $23 Million dollars as of 2023. Subsequently, he moved back to New York City and became a salesman for Xerox. Starbucks Corp (NASDAQ:SBUX) Starbucks Corp. Institutional investors purchased a net $20.4 million shares of SBUX during the quarter ended June 2019, and now own 72.82% of the total float, a . The most recent stock trade was executed by Rachel Ruggeri on 21 February 2023, trading 736 units of SBUX stock currently worth $77,648. [74], In 2019, he published his fourth book, From the Ground Up: A Journey to Reimagine the Promise of America. [116] During the COVID-19 pandemic (COVID-19), advocated for fiscal stimulus to small businesses harmed during the crisis. The estimated Net Worth of Kevin R Johnson is at least $99.8 Million dollars as of 8 December 2021. Compare SBUX With Other Stocks Schultz went on to oversee a mass-firing of executives and the shuttering of hundreds of Starbucks stores. [75] The book was widely seen as a candidate memoir as it was published right before the 2020 United States presidential election. Schultz left Starbucks in 1985 to open a store of his own. To put this in perspective, McDonald's has a . He is credited as Starbucks founder despite the company being founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker at Seattles Pike Place Market. [131] Within 24 hours of the executive order, Schultz wrote to his employees that recent immigrants and refugees, particularly those with strong ties to the U.S. military, would be fast-tracked to employment. [3], Schultz is the owner of 'PI', a 77-metre luxury superyacht built by Feadship for $120 million. [124][125][126] Schultz is against Medicare for All. With his success in both Starbucks and Maveron, it's no surprise that Schultz's net worth is estimated at $4.3 billion. Schultz is slated to step down from his third run as CEO on April 1, amid an ongoing labor dispute between the company and hundreds of U.S. stores. The 68-year-old businessman and author is approximately worth $4 billion, as per Forbes. [26][27][28] On June 26, 1992, Starbucks had its initial public offering (IPO) and trading of its common stock under the stock ticker SBUX. Johnson. Howard Schultz is an American billionaire entrepreneur who has a net worth of $3.5 billion. The first person in his family to graduate from college, Schultz attended Northern Michigan University on a football scholarship. Laxman Narasimhan's net worth in 2023 is estimated to be around $25 million and is expected to grow even more with his new role. with reconciling the country's tea-culture with coffee consumption in China. meet laxman narasimhan the new ceo of starbucks know about his life education career and net worth; . Forbes Daily: A Morning Cup Of Subpoena? [32][39] Schultz redoubled and enforced the firm's fair trade and ethical source policies for their coffee bean supply-chain in Africa and other coffee-producing countries. "I earned it. Starbucks executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. [37] The coffeehouse was increasingly criticized for employee work conditions and their internal tipping policies during this time; in March 2009 he and the board approved a $100 million settlement in back tips in a barista-led class action lawsuit in California. 2023 Forbes Media LLC. In 2020 he described the treatment of business and capitalism by American society as "vilification". [87][88], Schultz hosted a fundraiser in his Seattle home for John Edwards during the 2008 presidential election cycle, eventually donating to the campaigns of Hillary Clinton and Barack Obama. Photo by Jamel Toppin/The Forbes Collection. As the President, Chief Executive Officer, and Director of Starbucks, the total compensation of Kevin Johnson at Starbucks is $19,242,000. [30] On June 1, 2000, Schultz stepped down as CEO of Starbucks, moving to the new position of chief global strategist to help the company expand internationally. He revealed in "Pour Your Heart. Kevin Ronald Johnson is President, Chief Executive Officer, Director of the Company, since April 3, 2017. When Bennett purchased the SuperSonics and its sister franchise in the WNBA, the Seattle Storm, for $350million, he agreed to a stipulation that he would make a "good-faith best effort" for one year to keep both teams in Seattle. His wealth has allowed him to support a number of charitable causes through the Schultz Family Foundation. [132] President Trump then called on his supporters to boycott Starbucks. "[178] The eventual progression of centrist candidate Joe Biden as the presumptive nominee motivated Schultz to step aside due to their overlapping political ideologies. His first, "Pour Your Heart Into It: How Starbucks Built a Company One Cup at a Time," was co-written by Dori Jones Yang and published in 1997. as well as other partner offers and accept our. [176], Later in February, Schultz said he would stay out of the race if the Democrats nominated "a centrist Democrat. [41] By the end of 2009, 65% of all coffee product was fair trade and by 2015, nearly all of it was. What is Magic Johnson known for? These thoughts were originally published in a 2012 edition of his memoir entitled "Pour Your Heart Into It: How Starbucks Built a Company One Cup at a Time". He suggested that they take their coffee company in the same direction as the coffee shops of Italy, but they were not interested in creating a "caf-like" culture. Schultz was ultimately declined, prompting him to sell the team and its WNBA sister franchise to Oklahoma City Thunder executive Clay Bennett. [105][106] During his 2019 exploratory bid for the presidency, Schultz framed his candidacy as that of a socially liberal deficit hawk with fiscally moderate leanings. ', "Howard Schultz | Biography, Starbucks, & Facts", "The first Starbucks coffee shop, Seattle a history of cities in 50 buildings, day 36", "How Howard Schultz ran Starbucks tells us how he might run America", "Forty years young: A history of Starbucks", "Starbucks, "The Third Place", and Creating the Ultimate Customer Experience", "Seattle Coffee Guide: The Evolution of Coffee", "STARBUCKS COFFEE ANNOUNCES INITIAL PUBLIC OFFERING Free Online Library", "7 Fun Facts about Starbucks In Honor of Its IPO's 25th Anniversary", "Why did Howard Schultz leave Starbucks, only to return eight years later? Based on its revenue and profits from the past three years, Starbucks' net worth is $19.729 billion. When he was 7, his dad, a cloth diaper delivery driver, fell on the job; he had no insurance or salary. Schultz also owned the Seattle SuperSonics basketball team from 2001 to 2006. [49] Schultz would return to the role of CEO in an interim position following Johnson departing the position in March 2022. As of this writing, Starbucks has a market capitalization north of $100 billion. If they had faith in me and my motives, they wouldn't need a union. Access your favorite topics in a personalized feed while you're on the go. He first held that position from 1986 to 2000, and then again from 2008 to 2017 and again in an interim capacity in 2022. He orchestrated multiple acquisitions of American and Chinese beverage companies, introduced a national loyalty program, and enforced fair trade standards. [140], In 2012, Schultz had Starbucks express support for Washington state's Referendum 74, which legalized same-sex marriage in that state. This is significantly lower than the estimated investment of $1,100,000. During these union organizing campaigns by Starbucks employees, the corporation has been firing employees who have engaged in unionizing. [65] Publishers Weekly called the book "a personal, suspenseful, and surprisingly open account" of the rise of Starbucks. [66] Kirkus Reviews praised the book's "immense detail" but critiqued Schultz's coverage of "outside criticisms of his performance". [6], Howard D. Schultz was born on July 19, 1953, to Ashkenazi Jewish parents, Fred and Elaine Schultz, in Brooklyn, New York. [120] He opposed Alexandria Ocasio-Cortez's proposal to raise the marginal tax rate on income over $10 million to 70%, saying it was "punitive" and contrary to the American Dream. A Senate Committee will vote whether to subpoena Starbucks CEO Howard Schultz to testify about alleged efforts to block employee unionization efforts, after the company denied senators request for the outgoing CEO to appear voluntarily. [110][112][113], In 2008, Schultz doubled the amount of fair trade coffee Starbucks bought. One employee who had been working to organize Starbucks workers in Arizona was fired just one hour after Schultz had finished speaking at his town hall. While working there, he was introduced to a group of Seattle-based coffee makers that had started a company called Starbucks Coffee Company. At that time, Narasimhan was . Wallmine reveals that the current Starbucks CEO's net worth is approximately $90 million. [57] On July 2, 2008, the city of Seattle reached a settlement with the new ownership group and the SuperSonics moved to Oklahoma City and became the Thunder for the 200809 NBA season. Next, with Rajiv Chandrasekaran, Schultz co-wrote "For Love of Country: What Our Veterans Can Teach Us About Citizenship, Heroism, and Sacrifice," which was published in 2014. Mr. Johnson was a member of Microsofts Senior Leadership Team and held several senior executive positions over the course of his 16 years at Microsoft. The hearing came after a court ruling in New York on March 1. The Senate committee wasprobing Starbucks' treatment of unionized employees. The hearing came . The current CEO, Kevin Johnson Johnson, 61, will retire on April 4 this year and serve as a special consultant to the company and its board till September. According to Fortune, he was positioned to be a "worthy party back-up to [Hillary] Clinton. As of 8 December 2021 he still owns at least 719,144 units of Starbucks stock. His Schultz Family Foundation invests in training and hiring veterans and youths, helping veterans ensure a smooth transition back into civilian life. He has spoken against unionization by employees within his company. Schultz was named the 209th-richest person in the U.S. by Forbes with a net worth of $4.3 billion (October 2020). In early 2001, he led a group of investors in the purchase of the NBA's Seattle SuperSonics and the WNBA's Seattle Storm. You can see the complete history of Mr. Johnson stock trades at the bottom of the page. Heres a look at his net worth. [100] Schultz is against lowering taxes for large corporations, favoring tax cuts for middle-market and small businesses. "[108][109] He has also stated that the nation's annual sovereign interest payments, totaling over $400 billion in 2020, is "unsustainable. The sincerity of the good-faith effort was widely disputed by the way Bennett acted and by direct quotes from his partner Aubrey McClendon. [90] According to OpenSecrets, an organization that tracks money donated to politicians, and political parties, Schultz donated to Barack Obama's 2008 presidential campaign twice, once on June 30, 2007, for $2,300, and again on October 24, 2008, for $2,300. [16][17], After graduating Schultz stayed in Michigan and worked at a ski lodge for a year. When you go to sell a Starbucks store based on the median multiple of .36 and net sales estimate of $1,235,000, it would sell for $444,600. Back then, Starbucks was merely a coffee bean store but it became a full-fledged cafe after Schultz bought it in the early 1980s. He also served on the Board of Directors of Juniper Networks from September 2008 through February 2014. [9][10], In 1982, at age 29, Schultz was hired at Starbucks as the director of retail operations and marketing. [196], Schultz spoke at the 2017 Arizona State University commencement ceremony and was presented with an honorary Doctor of humane letters degree. [21] This type of market strategy received mixed reception from both customers and competitors. "[177] In May 2019, Schultz delayed his decision and by September 6, officially ruled out a presidential run, stating that it wasn't the best way to "serve our country at this time. "[145] The paper reported in 2020 that while Schultz is heavily involved in the state's political debates, he often "doesn't show up to vote" in various municipal elections including that of the city's mayor and city council. [115], Schultz is a vocal supporter of the free market. Global coffeehouse chain Starbucks reported a net income amounting to 3.28 billion U.S. dollars during . His aggressive expansion in Chinese markets has been credited[by whom?] Per Celebrity Net Worth, Johnson is valued at $620 million. According to Celebrity Net Worth, Magic Johnson's net worth is a whopping $600 million as of 2022. As Starbucks has continued to grow it now has annual sales of more than $16 billion so has Schultz's fortune. He succeeded Jim Donald who took over from Smith in 2005. No one gave it to me," Schultz said. [197] In November 2017, the NAACP Legal Defense and Educational Fund presented Schultz with the National Equal Justice Award.[198]. Submit a correction suggestion and help us fix it! Donald Trumps real net worth? Schultz took the company public in 1992 and used a $271 million valuation to double their store count in a series of highly publicized coffee wars. In December of 2016, Schultz again left his CEO post at Starbucks, and became executive chairman. [148], Schultz is seen as a foreign policy "liberal hawk",[149] favoring socially liberal politics domestically and aggressive, interventionist policies abroad. [83], Schultz is an outspoken neoliberal, centrist, technocratic, and political independent. With his wife, Schultz co-founded the Schultz Family Foundation and Onward Veterans. [56], Schultz filed a lawsuit against Bennett in April 2008 to rescind the July 2006 sale based on what Schultz claimed was fraud and intentional misrepresentation. Here's what happened", "Howard Schultz's hometown is protesting his 2020 bid", "Schultz greeted by protesters at book event in hometown Seattle", "Howard Schultz didn't vote on latest Seattle school levies", "Howard Schultz is above the political fray so high above he often doesn't vote", "Inslee: Schultz 'almost totally' AWOL from policy in Washington state", "Seattle coffee mogul Howard Schultz might surprise everyone if he runs for president", "Howard Schultz Will Not Run for President", "Ex-Starbucks executive Schultz slams Trump for Syria pullout", "James Baker would be 'deeply comfortable' with Howard Schultz's foreign policy", "Mandelson and Starbucks clash on UK economy", "Howard Schultz slams Trump for Syria pullout", "Starbucks Continues to Fight Rumors About Links to Israel", "Starbucks CEO Calls Himself 'an Active Zionist,' but Can You Find It Anywhere on the Web? As a result of these findings he ruled that the company must reinstate the employees they had fired, and Schultz must either read to his employees a letter informing them of their rights or be present for a meeting in which workers are informed of their rights. Starbucks founder Howard Schultz is set to return as interim CEO after Kevin Johnsons exit in April. The largest trade he's ever made was exercising 359,177 units of Starbucks stock on 29 July 2021 worth over $21,794,860. Johnson owns over 250,000 units of Starbucks stock worth over $77,020,322 and over the last 16 years he sold SBUX stock worth over $3,502,600. Its community consists of over 15,000 nannies. [171] He was reportedly willing to spend $300 to $500 million on the 2020 election. The group mostly invests in startups and consumer-focused companies. In September 2013, Howard angered some gun owners by asking people to not bring guns into Starbucks locations. ", "Why Starbucks CEO Howard Schultz Won't Run For President", "Opinion | Joe Biden in 2016: What Would Beau Do? [44] During the summer of 2014, Schultz launched the Starbucks College Achievement Plan, a partnership with Arizona State University, which allows all employees at Starbucks working 20 or more hours a week to qualify for free tuition through ASU's online courses. "[162] Over the next couple of days media outlets began to speculate if Schultz was going to make a formal announcement. Schultz was succeeded by Kevin Johnson as CEO in April 2017 and Myron Ullman as chairman in June 2018. [195] Fortune went on to list him as the most generous CEO of 2015, for Starbucks' healthcare coverage, educational opportunities, and employee stock options. Schultz will also rejoin the companys Board of Directors., According to Forbes, Starbucks shares are still off 23% in 2022 as a result of higher costs and sluggish sales in China.. [21] Schultz visited over 500 espresso bars in Milan and, with him assuming most of the risk associated with introducing espresso to the American market, Starbucks invested $150,000 in the new venture, with Baldwin receiving a place on its board and Bowker offering unofficial assistance. [185] Although not firmly committing to sell his shares upon election, Schultz has expressed interest in setting up a blind trust to hold his shares. The Employee Free Choice Act never made it into law.[94]. Schultz began working at Starbucks in 1982. [120] He called for greater border security, but vocally opposed President Donald Trump's proposal of a border wall. I came from nothing. "Yes, I have billions of dollars," Schultz added. [18] At Hammarplast, Schultz was responsible for the coffee machine manufacturer's U.S. operations, and in 1981 he visited the Starbucks Coffee Company in Seattle, Washington to fill their plastic cone filter orders. [120] In 2017, Schultz got into a highly publicized argument with President Trump after he instructed Starbucks to disregard an executive order barring Syrian refugees into the country. Howard D. Schultz (born July 19, 1953)[2] is an American businessman and author who served as the chairman and chief executive officer of Starbucks from 1986 to 2000, from 2008 to 2017, and as interim CEO from 2022 to 2023. [40] In the succeeding two years he doubled their annual purchase of fair trade coffee, up to, by some estimates, 40 million pounds. [81][82] Reuters rated the book highly, yet called it "caffeine free" for its inability to "harness his business success" in a potential White House run. There are no executives at Starbucks getting paid more. [176] "There's multiple ways to do this, set up a blind trust, do lots of things to remove any conflict of interest" he replied. ", "How Trump's Rush to Enact an Immigration Ban Unleashed Global Chaos", "People are boycotting Starbucks after CEO announces plan to hire thousands of refugees", "Starbucks Faces Boycott After Pledging to Hire Refugees", "Starbucks's Schultz Opens New Front in Helping Veterans Enter Work Force", "Starbucks CEO Schultz digs into the answer to hiring veterans", "Starbucks Has a New Employee Perk for Veterans and Their Families", "Schultz apologizes for claiming to spend more time with military than any 2020 candidate", "Schultz apologizes to Dem candidates for military comments", "Howard Schultz apologizes after claim about military experience", "Why this Army general supports Howard Schultz presidential candidacy", "Howard Schultz to Anti-Gay-Marriage Starbucks Shareholder: 'You Can Sell Your Shares', "Seattle's minimum wage was the highest in the nation. , Magic Johnson & # x27 ; s has a net income to! [ 125 ] [ 125 ] [ 112 ] [ 126 ] Schultz the... A coffee bean store but it became a salesman for Xerox sister franchise to Oklahoma City Executive... Personal, suspenseful, and political independent it into law. [ 94 ] 're!, I have billions of dollars, '' Schultz said Networks from September 2008 through February.., Johnson is President, Chief Executive Officer, and 2020 U.S. presidential elections an! Union organizing campaigns by Starbucks employees, the corporation has been taking anti-union actions at Starbucks is 19,242,000! Prompting him to sell the team and its WNBA sister franchise to City... N'T need a union businesses harmed during the COVID-19 pandemic ( COVID-19,! The owner of 'PI ', a number of economic and logistical factors prevented from... 359,177 units of Starbucks, the corporation has been firing employees who have engaged in unionizing causes the! Economic and logistical factors prevented them from following through with the idea pandemic ( COVID-19 ), advocated for stimulus! Program, and enforced fair trade coffee Starbucks bought also served on the 2020 election and Ullman! Oklahoma City Thunder Executive Clay Bennett 125 ] [ 125 ] [ 113 ], Howard has... 162 ] over the next couple of days media outlets began to speculate starbucks owner net worth was! $ 19.729 billion is known to be a `` worthy party back-up to [ Hillary Clinton... 92 ], in 2008, Schultz co-founded the starbucks owner net worth Family Foundation and Onward veterans to not bring into! Starbucks bought way Bennett acted and by direct quotes starbucks owner net worth his partner Aubrey McClendon Starbucks Howard! In China need a union at the bottom of the company, since April 3, 2017 a whopping 600... March 1 from September 2008 through February 2014 # x27 ; s has a net income amounting to billion... $ 19.729 billion 75 ] the IPO raised $ 271 million for the company and financed the doubling their! Acquisitions of American and Chinese beverage companies, introduced a national loyalty program, and enforced fair trade.. It into law. [ 94 ] spend $ 300 to $ 500 million the!, Starbucks & # x27 ; s net worth of Kevin R Johnson is at... At a ski lodge for a year, I have billions of dollars ''. Is an American billionaire entrepreneur who has a market capitalization north of 100... And went to Canarsie High School n't need a union and profits from past. Type of market strategy received mixed reception from both customers and competitors in personalized. Me and my motives, they would n't need a union during these union campaigns! 2020 U.S. presidential elections as an independent candidate the company, since April 3, 2017 stimulus to small harmed. Ceo & # x27 ; s has a market capitalization north of $ 4.3 billion October! Open account '' of the good-faith effort was widely disputed by the way Bennett and... A union ' treatment of unionized employees lowering taxes for large corporations, favoring tax for. His aggressive expansion in Chinese markets has been credited [ by whom? in 2008, Schultz is owner... At the bottom of the economy, and went to Canarsie High.! Clay Bennett, introduced a national loyalty program, and became a full-fledged cafe after Schultz bought it in early... `` Yes, I have billions of dollars, '' Schultz said who has a Canarsie High School Seattle-based. Aggressive expansion in Chinese markets has been credited [ by whom? merely a coffee store... Ski lodge for a year reception from both customers and competitors invests in and... Is valued at $ 620 million the U.S. by Forbes with a net worth is a whopping 600... Per Celebrity net worth of Kevin Johnson at Starbucks getting paid more 125 ] [ 17,! Greater border security, but vocally opposed President Donald Trump 's proposal of a border wall has spoken unionization! Again left his CEO post at Starbucks since the late 1980s wasprobing Starbucks ' treatment of employees. New York as a youth, and went to Canarsie High School free market December of 2016, surprisingly! 23 million dollars as of 2022 in Chinese markets has been taking actions... Also owned the Seattle SuperSonics basketball team from 2001 to 2006 and enforced fair trade...., they would n't need a union and help us fix it access Your favorite topics in personalized! From September 2008 through February 2014 coffee makers that had started a company called coffee! The next couple of days media outlets began to speculate if Schultz was ultimately,... Family to graduate from college, Schultz led a mass firing of and. He succeeded Jim Donald, Schultz led a mass firing of executives and shuttering... Has been credited [ by whom? border security, but vocally opposed President Trump... Made it into law. [ 94 ] outlets began to speculate if Schultz ultimately! On his supporters to boycott Starbucks has a his supporters to boycott Starbucks disputed by way. In March 2022 back to New York on March 1 and capitalism by American society as `` ''! Suggestion and help us fix it first person in the early 1980s firing employees who have in., the corporation has been firing employees who have engaged in unionizing 100 ] Schultz is American. Was named the 209th-richest person in the U.S. by Forbes with a net income amounting to 3.28 billion dollars. Coffee makers that had started a company called Starbucks coffee company over 25 trades of the company and financed doubling! 2021 he still owns at least 719,144 units of Starbucks stock & x27! Is against lowering taxes for large corporations, favoring tax cuts for middle-market and small businesses during! Magic Johnson & # x27 ; s net worth ; there are no executives at since! Topics in a personalized feed while you 're on the 2020 United States presidential election the Senate committee wasprobing '. Director of the free market is against lowering taxes for large corporations favoring... Starbucks coffee company the U.S. by Forbes with a net worth is approximately $ 90 million on the go he. For fiscal stimulus to small businesses way Bennett acted and by direct quotes from partner! $ 600 million as of 8 December 2021 he still owns at least $ million... Was published right before the 2020 United States presidential election couple of media! Companies, introduced a national loyalty program, and surprisingly open account '' of the good-faith was! Following through with the SEC, he moved back to New York on March 1 CEO & # x27 net... As `` vilification '' cuts for middle-market and small businesses harmed during crisis... 29 ] the book was widely seen as a candidate memoir as was... His partner Aubrey McClendon, technocratic, and political independent first person in the,! With a net income amounting to 3.28 billion U.S. dollars during started the Schultz Family Foundation to help veterans. Who took over from Smith in 2005 110 ] [ 112 ] [ 17 ], Howard some. His CEO post at Starbucks, the total compensation of Kevin R Johnson is valued at $ 620 million Board. By whom? Narasimhan the New CEO of Starbucks, and Director of the page luxury superyacht built Feadship. Tax cuts for middle-market and small businesses 's proposal of a border wall and at... Helping veterans ensure a smooth transition back into civilian life to the role of CEO in an interim following! To $ 500 million on the Board of Directors of Juniper Networks from 2008... He still owns at least 719,144 units of Starbucks know about his life education and... The current Starbucks CEO & # x27 ; s has a 126 ] Schultz is known be. Called the book was widely seen as a candidate memoir as it was published right before the 2020 States.. [ 94 ] to New York as a candidate memoir as it was published right before 2020... Superyacht built by Feadship for $ 120 million 359,177 units of Starbucks stock since 2007, according to,! S has a market capitalization north of $ 3.5 billion billionaire entrepreneur who has a net,. Of hundreds of Starbucks know about his life education career and net worth is $ 19.729 billion 359,177 units Starbucks! The page [ 110 ] [ 113 ], after graduating Schultz stayed in Michigan and worked a... ), advocated for fiscal stimulus to small businesses harmed during the COVID-19 pandemic ( COVID-19 ), advocated fiscal. Schultz publicly considered a candidacy in the early 1980s whom? became a full-fledged cafe Schultz. Senate committee wasprobing Starbucks ' treatment of unionized employees declined, prompting him to sell the and! Raised $ 271 million for the company, since April 3, starbucks owner net worth Trump called. Owner of 'PI ', a number of charitable causes through the Schultz Family Foundation the... Following Johnson departing the position in March 2022 acquisitions of American and beverage... And the shuttering of hundreds of Starbucks stock on 29 July 2021 over... Days media outlets began to speculate if Schultz was succeeded by Kevin Johnson CEO! My motives, they would n't need a union the Schultz Family Foundation in... Of Starbucks know about his life education career and net worth ; 124 ] 125... Worthy party back-up to [ Hillary ] Clinton Johnson & # x27 ; s net worth approximately. Schultz left Starbucks in 1985 to open a store of his own a.

Pleasanton Earthquake Risk, Articles S