Howard Schultz

American businessman

Howard D. Schultz (born July 19, 1953) is an American businessman. He is best known as the chairman and CEO[2] of Starbucks and a former owner of the Seattle SuperSonics. He was a member of the Board of Directors at Square, Inc..[3]

Howard Schultz
Howard Schultz by Gage Skidmore.jpg
Schultz in 2019
Howard D. Schultz

(1953-07-19) July 19, 1953 (age 69)
Alma materNorthern Michigan University
OccupationChairman and CEO of Starbucks
Net worthIncrease US$2.9 billion (Sept 2015)[1]
Spouse(s)Sheri Kersch Schultz (m. 1982)
ChildrenEliahu Jordan Schultz
Addison Schultz

In 1998, Schultz co-founded Maveron, an investment group, with Dan Levitan.[4] In 2012, Forbes magazine ranked Schultz as the 354th richest person in the United States, with a net worth of $1.5 billion.[5]

On June 4, 2018, Schultz announced his retirement as executive chairman.[6] However, he returned to the role in March 2022.[7]

In January 2019, it was reported that Schultz was considering running as an independent candidate in the election.[8] Schultz announced on January 27, 2019 that he would explore a bid as an independent candidate.[9] However in June 2019, he ruled out a presidential bid citing health concerns.[10] In September 2019, Schultz formally said he would not run saying he would not want to risk re-electing President Donald Trump.[11]


  1. Forbes: The World's Billionaires - Howard Schultz September 2015
  2. Archived 2008-05-11 at the Wayback Machine. URL last accessed August 16, 2007.
  3. Efrati, Amir (August 8, 2012). "Starbucks Invests in Square". The Wall Street Journal.
  4. Arnold, Glen (2008). Corporate financial management. Pearson Education. p. 496. ISBN 978-0-273-71041-7.
  5. "The 400 Richest Americans". Retrieved 2011-08-22.
  6. "Howard Schultz to Step Down as Starbucks Executive Chairman". 4 June 2018. Retrieved 4 June 2018 – via
  7. Lucas, Jacqueline Corba,Amelia (2022-03-16). "Starbucks CEO Kevin Johnson is retiring, and Howard Schultz is returning as interim chief". CNBC. Retrieved 2022-03-16.
  8. "Former Starbucks chief Howard Schultz exploring independent 2020 bid". Retrieved 22 January 2019.[permanent dead link]
  9. Emily Birnbaum (January 27, 2019). "Howard Schultz makes Twitter debut amid 2020 speculation". The Hill. Retrieved January 27, 2019.
  10. "Former Starbucks CEO Howard Schultz suspends 2020 bid". The New York Post. June 12, 2019.
  11. Veronica Stracqualursi (September 6, 2019). "Howard Schultz drops plans to run as independent candidate in 2020". CNN. Retrieved September 6, 2019.