Howard Schultz

Howard Schultz is an American businessman and multi-billionaire, well known as the Chairman and Chief Executive of Starbucks. In 2016, Forbes magazine listed him as the 232nd most precious person in the United States. In 2019, Schultz announced that he was temporarily suspending his presidential bid, citing health concerns.

Schultz is a married man as of 2019. He is living a happy married life with his beautiful wife. So, does Schultz and his spouse share any children?

Biography & Parents

Schultz was born as Howard D. Schultz on 19th July 1953, in New York City, New York, United States. Moreover, he holds an American nationality and belongs to Ukraine and English ethnicity. He is the eldest child of Elaine Lederman (mother) and Fred Schultz (father), former US Army veteran and truck driver. Schultz has two siblings, Ronnie, and Michael Schultz.

Howard graduated with excellent grades from Canarsie High School in 1971. Upon graduation, Schultz enrolled at Northern Michigan University where he played football. Later, Schultz earned a bachelor’s degree in speech communication from the Tau Kappa Epsilon college in 1975.

Career

Howard Schultz started his career as a salesman for Xerox Corporation. Later, he became a full sales representative for the company. Later, Schultz worked as a general manager for Swedish drip coffee making manufacturing company, Hammarplast from 1979 to 1999. He then stepped down as CEO of Starbucks on 1st June 2000.

Check out Howard Schultz’s Interview!

Schultz announced that he would leave all positions at Starbucks, as he was considering amongst other options a campaign for President on 4th June 2018. Further, he led a group of ten investors who bought the National Basketball Association’s Seattle SuperSonics and the Women’s National Basketball Association’s Seattle Storm from the Ackerley Group on January 2001.

Net Worth

Howard Schultz’s net worth is $3.7 Billion as of 2019. He earns a total compensation of $9,740,471, which included a base salary of $1,190,000, and options granted of $7,786,105 as an owner of the Seattle SuperSonics. Back in 2018, Schultz owned more than $37.7 Million shares — or roughly 3% — of the company, Starbuck‘s stock while he left the company.

House

Howard Schultz and his wife bought a house in East Hampton, New York at the price of $10.5 Million. Their home consists of seven bedrooms, six and a half bathrooms on 11,568 square feet. However, they sold their lavish mansion for $11 Million.

Schultz and his family moved to Seattle, Washington D.C., where they purchased a big house at $12.3 Million. Their home measures 12,934 square feet, featuring nine bedrooms, eight full and one-half bathrooms.

Penthouse

Schultz purchased an apartment in the heart of New York’s West Village at the cost of $40 Million in 2017. Furthermore, their house is based on 1,600 square feet, consisting of a 184-square-foot terrace off the master bedroom.

Wife & Children

Howard Schultz is married to his wife, Sheri Kersch. The couple first met in a restaurant in 1980 and fell in love at first sight. Shortly they became friends and started sharing their company. In 1981, Schultz gave a huge surprise with a marriage proposal to Kersch which she accepted.

The love birds exchanged their wedding vows in 1982, in Seattle, Washington D.C. At their wedding ceremony, they invited most of their friends and relatives at the Washington Trust for Historic Preservation.

The married pair are blessed with two beautiful children. Their son, Jordan (born in 1986) is a sportswriter for The Huffington Post. Similarly their other child Addison is a social work clinician for the New York Foundling child welfare agency. Currently, Schultz lives in Seattle, Washington D.C. with his wife and kids.