Starbucks Founder Net Worth (Updated 2026).

Gordon Bowker, Jerry Baldwin, and Zev Siegl, three friends from Seattle, opened the first Starbucks store in 1971. Initially, they were inspired by the Italian coffee culture and wanted to bring high-quality coffee beans and brewing techniques to the American market. They named their store after the chief mate in Herman Melville’s novel, “Moby Dick,” symbolizing their shared love for literature and adventure.

In 1987, Howard Schultz, who had joined Starbucks as the director of retail operations and marketing, returned from a trip to Italy with a vision to transform Starbucks into a coffeehouse experience. He believed in creating a third place between home and work where people could relax, socialize, and enjoy quality coffee. Schultz’s innovative ideas led to the expansion of Starbucks, making it a global phenomenon and turning him into a renowned figure in the world of business and coffee culture.

Starbucks Founder’s Current Net Worth (2025)

As of 2025, the latest available information pegs Howard Schultz’s net worth at approximately $6 billion. This significant figure reflects his successful career and entrepreneurial ventures.

Career

Howard Schultz, born in 1953, is an American businessman and the founder of Starbucks. He started his career at Xerox, then moved to Hammarplast, a Swedish housewares company. In 1982, he joined Starbucks as the Director of Marketing, eventually purchasing the company in 1987 and expanding it into the global phenomenon it is today. He served as CEO from 1987 to 2000, again from 2008 to 2017, and currently holds the title of Chairman Emeritus.

Other Ventures

Schultz’s entrepreneurial spirit extends beyond Starbucks. He has invested in various businesses, including the NBA’s Portland Trail Blazers, and has authored several books on business and leadership. In 2019, he launched a venture capital firm, Maveron, focusing on consumer brands. He also co-founded the Schultz Family Investment, which aims to address social and economic challenges.

Assets

Schultz’s assets include a significant stake in Starbucks, estimated at around 3% as of 2021. He also owns several properties, including a mansion in Medina, Washington, valued at over $60 million, and a penthouse in New York City. His art collection, featuring works by artists like Andy Warhol and Roy Lichtenstein, is also worth tens of millions.

Annual Income

As of 2021, Howard Schultz’s annual income is estimated to be around $20 million. This figure is primarily derived from his Starbucks holdings, dividends, and other investments. His compensation as Chairman Emeritus of Starbucks is not disclosed publicly.

Frequently Asked Questions about  Starbucks Founder

**Frequently Asked Questions: Starbucks Founder Net Worth**

1. Who is the founder of Starbucks?

Howard Schultz is the founder of Starbucks. He purchased the original Starbucks coffee shop in 1987 and turned it into the global coffee chain it is today.

2. What is Howard Schultz’s net worth?

Howard Schultz’s net worth is estimated to be around $4.2 billion.

3. When did Howard Schultz start Starbucks?

Howard Schultz did not start Starbucks from scratch. He bought the original Starbucks coffee shop, which was founded by Jerry Baldwin, Gordon Bowker, and Zev Siegl in 1971, in 1987.

4. How did Howard Schultz become the CEO of Starbucks?

After purchasing Starbucks, Schultz served as the CEO from 1987 to 2000. He then stepped down but returned as CEO in 2008, a position he held until 2017. He currently serves as the executive chairman of the company.

5. What was Howard Schultz’s initial vision for Starbucks?

Schultz’s initial vision for Starbucks was to create a third place between work and home where people could relax, connect, and enjoy high-quality coffee. He wanted to replicate the Italian coffeehouse culture in America.

6. How has Howard Schultz contributed to Starbucks’ growth?

Schultz played a significant role in growing Starbucks into a global coffeehouse chain. He introduced the concept of the Frappuccino, expanded the company’s product offerings, and led the company through periods of rapid growth and international expansion.

7. What is the Starbucks Reserve program, and how is it related to Howard Schultz?

The Starbucks Reserve program is a premium coffee line that offers rare, small-lot coffees. It was launched under Schultz’s leadership and reflects his passion for high-quality coffee and the company’s commitment to ethical sourcing and sustainability.

8. What is the Starbucks College Achievement Plan, and how is it related to Howard Schultz?

The Starbucks College Achievement Plan is a benefit that allows eligible Starbucks employees to earn a bachelor’s degree with full tuition coverage from Arizona State University’s online program. Schultz has been a strong advocate for this program, which aligns with his belief in supporting employee growth and development.

9. What are some of Howard Schultz’s other ventures besides Starbucks?

Besides Starbucks, Schultz has invested in and advised several other companies, including the Seattle SuperSonics basketball team, the San Antonio Spurs, and the Los Angeles Kings. He has also written several books, including “Pour Your Heart Into It” and “Onward.”

10. What is Howard Schultz’s approach to social responsibility and sustainability?

Schultz has been a strong advocate for social responsibility and sustainability at Starbucks. He has led initiatives to reduce the company’s environmental impact, support fair trade practices, and invest in community development. Schultz has also been vocal about social and political issues, using his platform to advocate for change.