Howard Schultz and the Growth of Starbucks

On this day, July 19 in the year 1953, the man who made Starbucks a global coffee chain was born in New York, USA. His name is Howard Schultz, one of the most popular self-made billionaires. According to forbes.com, his net worth is $3.7 billion as of July 18, 2020.

Howard Schultz
Howard Schultz (Credit: wiki commons)

Howard was raised in a Jewish family who lived in a government housing project. His father was a truck driver and a former US Army trooper. When Howard was 7 years, his father became unemployed due to a broken ankle. Having no insurance, the family had to rely on the meager income of his mother who became a receptionist. Howard had two other siblings.

In 1975, Howard finished a degree in communications from Northern Michigan University where he studied on a football scholarship. After graduation, he worked as a sales representative at Xerox Corporation. Four years after, he became a manager at a Swedish-owned coffee equipment company. At that time, Starbucks Coffee was a customer and Howard became friends with the owners. A year later, he joined Starbucks as director of marketing. In 1985, he left Starbucks to set up his own coffee shop which was patterned after those he saw in Italy. Two years later, he bought Starbucks and became its CEO. In 1992, Starbucks became a listed company with 140 outlets. Today, the company has more than 23,000 stores all over the world.

Howard married twice and has three children.

5 comments

  1. I have been a Howard fan since meeting him while working at Starbucks in Chicago from 1990-1994. When he granted all full time employees, at that time stock options, he gave me a chance to be a millionaire just by showing up to work every day. I took advantage of the great health care package offered even for part time employees ( partners in Howard’s words). I did not become a millionaire (see my historical fiction novel, Tripio for the details) but I have worked for many companies since Starbucks and Howard created ,by far, the best work environment I have ever experienced. Thanks for post!

  2. I have been Howard Schultz fan since meeting him while working at Starbucks in Chicago from 1990-1994. He created the most inclusive and energizing workplace I have ever experience. When he granted all full time employees, at that time, stock options in the Starbucks IPO, he gave me chance to be a millionaire just by showing up at my Starbucks location and working hard. I never became a millionaire (see my historical fiction novel, Tripio, for details) but my admiration for Howard has not changed. Thanks!

    • You may not have become a millionaire but I believe the experience of working with Starbucks was worthwhile.

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