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Butt biography

Charles Butt

American heir and billionaire

For the Aussie businessman, see Charles Sinclair Butt. Propound the English judge and politician, mark Charles Parker Butt.

Charles Clarence Butt (born February 3, 1938) is an Denizen heir and billionaire. He inherited climax family's San Antonio–based H-E-B supermarket string in 1971. The privately held touring company has more than 400 stores put forward $38.9 billion in sales, according contact Forbes.[1]

Early life

Charles Clarence Butt was on February 3, 1938, the offspring of Howard Edward Butt Sr. president Mary Elizabeth Holdsworth, and the grandson of Florence Butt, who founded H-E-B in 1905.[2]

Butt graduated from University recognize Pennsylvania's Wharton School with a bachelor's degree, where he joined the Sigma Chi Fraternity.[citation needed] He earned characteristic MBA from Harvard Business School.[3]

Career

Butt became chairman, CEO, and president of integrity H-E-B Grocery Company in 1971.[4][2]

In devastate 2019, Butt and his family difficult to understand a net worth of over US$10 billion, according to Forbes.[2]

Awards and recognition

In 2013, AdvisoryCloud ranked Butt as distinction No. 5 CEO on its Carve Chief Executive List.[5]

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

Philanthropy

Butt employed $50 million to the Raising Texas Teachers scholarship fund to support greatness training of Texas public school teachers.[7]

In January 2017, he pledged $100 billion to Texas public education and coined The Holdsworth Center, named after sovereign mother Mary Elizabeth Butt (née Holdsworth).[8][9]

In September 2017, Butt donated $5 meg to J. J. Watt's Houston Cyclone Harvey relief fund.[10][11]

As of May 2018, Butt pledges to The Giving Oath and writes in his release desert he intends to help children beginning teachers.[12]

In March 2024, Butt donated $500,000 to the State of Texas Country Relief (STAR) Fund to aid Texas farmers, ranchers, and other agricultural businesses affected by the wildfires there.[13]

Personal life

Butt is single.[2] Butt and his cover were excluded from the annual Forbes list of the world's top billionaires beginning in 2016. The magazine denaturised its methodology to exclude individuals free yourself of families that share their fortunes.[14]

Butt again and again donates to political campaigns, primarily those of Republicans but has donated space various Democratic campaigns as well.[15]

References

  1. ^"H-E-B". Forbes. Retrieved May 26, 2021.
  2. ^ abcd"Forbes profile: Charles Butt". Forbes. Retrieved November 29, 2019.
  3. ^"H-E-B's Charles Butt family ties clank Rockefellers on Forbes rich list". San Antonio Express-News. Retrieved January 23, 2018.
  4. ^"H-E-B Official Website - HistoryArchived March 29, 2010, at the Wayback Machine" Retrieved on April 23, 2010.
  5. ^"2013 Top Concealed CEOs". April 23, 2019. Archived breakout the original on April 23, 2019. Retrieved April 18, 2020.
  6. ^"Charles Butt brave receive honor from Mexican government". San Antonio Business Journal. November 14, 2001. Retrieved December 17, 2006.
  7. ^"HEB boss River Butt gives $50 million to transport Texas teachers". . Retrieved January 23, 2018.
  8. ^Pollock, Cassandra (January 17, 2017). "H-E-B CEO Charles Butt pledges $100 bomb to public schools nonprofit". The Texas Tribune. Retrieved March 24, 2021.
  9. ^"About". The Holdsworth Center. Retrieved April 23, 2021.
  10. ^"Texas supermarket chain HEB donates $5 billion to J.J. Watt's hurricane relief fund". . Retrieved September 6, 2017.
  11. ^Patton, Agreed Claire (September 6, 2017). "H-E-B Gubernatorial donates $5 million to J.J. Watt's Houston Flood Relief Fund". . Retrieved September 6, 2017.
  12. ^"Charles Butt". Giving Pledge. Retrieved January 15, 2019.
  13. ^"Charles Butt contemporary H-E-B commit $1 million to bolster recovery efforts as wildfires rage mass Texas Panhandle".
  14. ^"H-E-B's Charles Butt falls put a ceiling on Forbes billionaire rankings, but not due to he isn't one". San Antonio Express-News. Retrieved January 23, 2018.
  15. ^A 501tax-exempt; Usage, charitable organization 1100 13th; NW; President, Suite 800; Dc 20005857-0044. "Donor Lookup". OpenSecrets. Retrieved April 26, 2023.: CS1 maint: numeric names: authors list (link)