No. 310United States
Charles Butt
Supermarkets · San Antonio, Texas
Net worth
$11.3B
Today
$00.00%Past month
+$600K+0.01%As of Nov 11, 2026, 1:50 PM EST
Charles Butt is chairman of H-E-B, a Texas-based grocery chain with $50 billion in revenues. He started working for the family-owned business bagging groceries at age 8. Florence Butt, his grandmother, founded the company in 1905 after her husband was diagnosed with tuberculosis and was unable to work. Charles became chairman and CEO in 1971. He handed the CEO job to nephew Howard Butt III in 2021. Howard is also on the board of directors Sister Eleanor Butt Crook is on the board of directors, and nephew Stephen Butt is H-E-B's president of Shareholder Relations and its Central Market Division and a member of the board.
Net worth over time
+0.01%+$600K over the past month
$11B$11B$11B
Oct 12Nov 11
Principal holdings
1 positions| Company | Industry | Share | Value |
|---|---|---|---|
Private holdings | Fashion & Retail | 100.0% | $11.3B |
Also known for
- H-E-B gives 5% of pretax profits to charity.
- H-E-B is one of the largest private employers in Texas, with 160,000 employees.
- In 2015, Charles implemented an employee stock ownership program that provides company stock ownership to over 100,000 employees of H-E-B.