Owner Of Starbucks Net Worth (Updated 2026).

Howard Schultz, the man who would become the face of Starbucks, began his career in a humble way. Born in 1953 and raised in public housing in Brooklyn, New York, Schultz’s journey to success was anything but straightforward. After serving in the U.S. Army, he enrolled at Northern Michigan University, working multiple jobs to support himself and his family. It was during this time that he first encountered Starbucks, then a small Seattle-based coffee bean roaster and retailer, while working for Xerox.

Schultz’s first encounter with Starbucks was in 1971, when he was sent to Seattle on a sales trip. He was struck by the company’s focus on quality and customer service, and he made a mental note to keep an eye on this up-and-coming company. Little did he know that this initial impression would lead to a lifelong association with Starbucks, transforming it from a regional coffee chain into a global phenomenon.

Howard Schultz’s Net Worth in 2025

As of 2025, Howard Schultz, the owner of Starbucks, has an estimated net worth of $4 billion, according to Forbes. This makes him one of the wealthiest people in the world.

Career

Howard Schultz is the former CEO and current executive chairman of Starbucks. He joined the company in 1982 as the director of operations and marketing, and played a crucial role in transforming it into the global coffeehouse chain it is today. He stepped down as CEO in 2000 but returned in 2008 to help the company navigate through the economic downturn. He again stepped down in 2017 but remained as chairman until 2018.

Other Ventures

Before Starbucks, Schultz co-founded Il Giornale, an Italian coffee bar chain. After selling Il Giornale to Starbucks in 1987, he became the CEO of the company. Schultz is also a co-owner of the NBA’s Portland Trail Blazers. In 2019, he announced his intention to run for President of the United States as an independent, but later withdrew his candidacy.

Assets

Schultz’s primary residence is a 12,000 square-foot mansion in Medina, Washington, worth an estimated $60 million. He also owns a $40 million estate in Malibu, California, and a $30 million apartment in New York City. His art collection is valued at over $50 million, including works by Andy Warhol and Roy Lichtenstein. Schultz also owns a private jet, worth around $65 million.

Annual Income

In 2020, Schultz’s total compensation from Starbucks was $2.5 million, including his salary, bonus, and other forms of compensation. However, his wealth primarily comes from his stake in the company. As of 2021, he owns around 3% of Starbucks’ outstanding shares, which is worth over $2 billion. This stake provides him with significant passive income through dividends and capital appreciation.

Frequently Asked Questions about  Owner Of Starbucks

Frequently Asked Questions

1. Who is the current owner of Starbucks?

The current owner of Starbucks is Howard Schultz, who served as the company’s CEO from 1987 to 2000, and again from 2008 to 2017. He is also the Executive Chairman and former owner of the Seattle SuperSonics NBA team.

2. What is Howard Schultz’s net worth?

Howard Schultz’s net worth is estimated to be around $4.5 billion.

3. How did Howard Schultz become the owner of Starbucks?

Howard Schultz joined Starbucks in 1982 as the Director of Marketing. He later purchased the company in 1987 for $3.8 million, along with a group of local investors.

4. What is the history of Starbucks?

Starbucks was founded in 1971 by Jerry Baldwin, Gordon Bowker, and Zev Siegl in Seattle, Washington. It started as a roaster and retailer of coffee beans, tea, and spices, and has since grown into a global coffeehouse chain.

5. When did Starbucks become a public company?

Starbucks became a public company in 1992, with its initial public offering (IPO) on the NASDAQ stock exchange.

6. How many countries does Starbucks operate in?

As of 2021, Starbucks operates in over 80 countries worldwide, with over 32,000 stores globally.

7. What is the mission statement of Starbucks?

The mission statement of Starbucks is “To inspire and nurture the human spirit – one person, one cup and one neighborhood at a time.”

8. How many employees does Starbucks have?

Starbucks employs over 350,000 people worldwide, with over 240,000 in the United States alone.

9. What is the annual revenue of Starbucks?

In fiscal year 2020, Starbucks reported an annual revenue of $23.5 billion.

10. What is the Starbucks Rewards program?

The Starbucks Rewards program is a customer loyalty program that allows members to earn “Stars” for purchases, which can be redeemed for free drinks and food. Members also receive other benefits, such as free refills and exclusive offers.