BillionaireNet
family
H
Rank #1352
UNITED STATESFashion & RetailSupermarkets

Howard Butt III & family

Net Worth
$2.959B
0% (24h)
Howard Butt III, at 73 years old, is the CEO of H-E-B, a major supermarket chain in Texas and Mexico, and a key figure in the family's vast wealth. With a current estimated net worth of $3.0 billion, Howard Butt III’s wealth source is the successful H-E-B grocery empire. His career reflects a deep commitment to the family business, starting in his youth and eventually leading the company. H-E-B is known for its community involvement and strong employee relations. This commitment is exemplified by the employee ownership program. H-E-B donates 5% of pretax profits to charity each year.

The Full Dossier

Early Life

Howard Butt III is part of the Butt family, the founders of H-E-B, a company established in 1905 by Florence Butt. The family's commitment to the grocery business spans over a century, with Howard Butt III taking on the CEO role in 2021.

Rise to Success

H-E-B's success is rooted in its deep connection to the Texas and Mexican markets, with over 400 stores. The company's focus on quality, customer service, and community involvement has enabled its growth and sustained its market leadership. Howard's career progressed within the family-owned company, eventually leading him to the position of CEO.

Key Business Strategies

H-E-B's strategies include focusing on fresh food, quality products, convenient services, and a commitment to environmental responsibility and sustainability. The company also operates Central Market, Joe V's Smart Shop, and Mi Tienda, expanding its reach and customer base. H-E-B is the largest private employer in Texas and has a robust employee stock ownership program, enhancing the financial security of its employees.

Philanthropy

H-E-B is recognized for its philanthropic efforts, donating 5% of its pretax profits to charity. The H.E. Butt Foundation was established in 1933 and continues to provide philanthropic contributions to south Texas communities.

Career Timeline

2021

CEO of H-E-B

Assumed the role of CEO of H-E-B, succeeding his uncle Charles Butt.

Philanthropic Impact

Community Support$XB

H.E. Butt Family Foundation

The H.E. Butt Family Foundation donates over 5 percent of pretax earnings annually to non‑profit organizations and community initiatives.

Wealth Trajectory