Charles Clarence Butt is an American grocer and entrepreneur who amassed a major wealth by successfully running a chain of grocery outlets called ‘H-E-B’. With its headquarters in San Antonio, Texas, this chain has about 350 stores all across Texas and Mexico, which employ around 80,000 people in total.
Apart from being the chairman and CEO of H-E-B, Butt is also known for supporting many charitable organizations and is an ardent supporter of various educational causes. He also promotes the compensation of fair wages to all employees.
Let us now look at the family tree of Butts
Butt Parents – Howard Edward Butt Sr. & Mary Elizabeth Holdsworth
Charles was born on February 3, 1938, in San Antonio, Texas. He was the third out of the four children of Howard and Mary and soon became the youngest when his younger sister died.
Butt Spouse & Children
Charles Butt never married so far and doesn’t have any children of his own or from adoption.
Butt Siblings – Eleanor Butt Crook & Howard Butt Jr.
Charles’ siblings, Eleanor and Howard, own a stake in the H-E-B and also pursue other careers meanwhile.
Net Worth
Charles Butt has a net worth of US $10.7 billion as of now, which makes him the 94th richest person in the world and the 36th in the United States, currently.
Charles’ grandmother Florence Butt, had started the grocery business from her home to provide for her family after her husband had been diagnosed with tuberculosis. The first H-E-B store was established back in 1905 in Kerrville, Texas. Soon after her son Howard, joined in, in 1920 and carried on the family business forward. Charles too started his career at the tender age of 8, while working at his family’s grocery store.
After graduating from high school in Texas, Butt went on to pursue higher education from the University of Pennsylvania. He graduated from the Wharton School with a degree in Bachelor of Arts and was also a part of the ‘Sigma Chi’ Fraternity during his time at Wharton. Later he earned a Masters in Business Administration from the reputed Harvard Business School and soon after took control of the H-E-B administration in 1971, becoming the company’s president. He features in countless lists of esteemed magazines as one of the most powerful and richest people in the world and has also been awarded the ‘Aguila Azteca’ medal from the Mexican government, in recognition of his philanthropic involvement in the country.