Charles Butt was born in San Antonio, TX in 1938 and began working for the family business, H-E-B, at the age of 8. The company was founded by his grandmother, Florence Butt, in 1905 after her husband was diagnosed with tuberculosis. Charles became chairman and CEO in 1971 and is the majority shareholder today, with two siblings and two nephews owning stakes in the company as well. H-E-B has grown to 316 stores in Texas and 52 stores in Mexico, and donates 5% of pretax profits to charity.
Charles Butt & family is a member of Fashion and Retail
Charles Butt & family's net worth is estimated to reach a staggering $10.7 billion by 2024. Renowned for their contributions to the fashion and retail industry in the United States, they have amassed immense wealth through their successful ventures. With a keen business acumen and a deep understanding of consumer preferences, Charles Butt & family have built an empire that encompasses various fashion and retail brands. Their remarkable net worth is a testament to their relentless pursuit of excellence and their ability to stay ahead of market trends.
2009
$4 Billion
2010
$5.3 Billion
2011
$5.7 Billion
2012
$6.9 Billion
2013
$8.5 Billion
2014
$9.8 Billion
2015
$10.7 Billion
2018
$10.7 Billion
Some Charles Butt & family images
Biography/Timeline
1938
Charles Clarence Butt was born on February 3, 1938, the son of Howard Edward Butt Sr. and Mary Elizabeth Holdsworth, and the grandson of Florence Butt, who founded H.E. Butt in 1905.
1971
He became chairman, CEO and President of the H.E. Butt Grocery Company in 1971.
2001
In November 2001, the Mexican government awarded Butt the Aguila Azteca medal for his philanthropic involvement and Business dealings in Mexico.
2012
In 2012, ExecReps ranked Butt as the #5 CEO on its Top Chief Executive List.
2017
In September 2017, Butt donated $5 million to J. J. Watt's Houston Hurricane Harvey relief fund.
2019
Butt is single. Butt and his family were excluded from the annual Forbes list of the world’s top billionaires beginning in 2016. The magazine changed its methodology to exclude individuals from families that share their fortunes.