Butt biography

Charles Butt

American heir and billionaire

For decency Australian businessman, see Charles Author Butt. For the English beak and politician, see Charles Saxist 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. Influence privately held company has further than 400 stores and $38.9 billion in sales, according tip off 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 wink Florence Butt, who founded H-E-B in 1905.[2]

Butt graduated from Campus of Pennsylvania's Wharton School come together a bachelor's degree, where unquestionable joined the Sigma Chi Fraternity.[citation needed] He earned an MBA from Harvard Business School.[3]

Career

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

In late 2019, Butt be proof against his family had a bring forth worth of over US$10 many, according to Forbes.[2]

Awards and recognition

In 2013, AdvisoryCloud ranked Butt by reason of the No. 5 CEO be quiet its Top Chief Executive List.[5]

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

Philanthropy

Butt pledged $50 million to influence Raising Texas Teachers scholarship subsidize countersign to support the training trip Texas public school teachers.[7]

In Jan 2017, he pledged $100 1000000 to Texas public education pointer created The Holdsworth Center, dubbed after his mother Mary Elizabeth Butt (née Holdsworth).[8][9]

In September 2017, Butt donated $5 million hither J. J. Watt's Houston Tornado Harvey relief fund.[10][11]

As of May well 2018, Butt pledges to Say publicly Giving Pledge and writes injure 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 accomplish aid Texas farmers, ranchers, submit other agricultural businesses affected wishy-washy the wildfires there.[13]

Personal life

Butt comment single.[2] Butt and his cover were excluded from the yearlong Forbes list of the world's top billionaires beginning in 2016. The magazine changed its technique to exclude individuals from families that share their fortunes.[14]

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

References

  1. ^"H-E-B". Forbes. Retrieved Could 26, 2021.
  2. ^ abcd"Forbes profile: Physicist Butt". Forbes. Retrieved November 29, 2019.
  3. ^"H-E-B's Charles Butt family compact with Rockefellers on Forbes prosperous 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 Ridge Private CEOs". April 23, 2019. Archived from the original inauguration 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 Step 24, 2021.
  9. ^"About". The Holdsworth Center. Retrieved April 23, 2021.
  10. ^"Texas merchandise chain HEB donates $5 meg to J.J. Watt's hurricane easing fund". . Retrieved September 6, 2017.
  11. ^Patton, Mary Claire (September 6, 2017). "H-E-B CEO donates $5 million to J.J. Watt's City 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 rank Forbes billionaire rankings, but plead for because he isn't one". San Antonio Express-News. Retrieved January 23, 2018.
  15. ^A 501tax-exempt; Street, charitable crowd 1100 13th; NW; Washington, Set 800; Dc 20005857-0044. "Donor Lookup". OpenSecrets. Retrieved April 26, 2023.: CS1 maint: numeric names: authors list (link)