Butt family (2024)

FAQs

Is the owner of H-E-B a billionaire? ›

H-E-B CEO Charles Butt and family have made the cut to join the richest 200 parties in the world on the Bloomberg Billionaires Index. The family behind the San Antonio-based grocery giant sat at No. 159 on Tuesday, according to the daily rankings.

Texans' grocery shopping has fueled massive wealth for the people behind people behind H-E-B, making the Butt family deca-billionaires and some of the richest folks in the U.S. According to a Forbes list published earlier this month, the Butt family has a net worth of $18.8 billion.

H-E-B has reported a 2023 fiscal year revenue of $46.3 billion, according to Forbes. The company passed down leadership throughout the years to family members, eventually landing on Howard Butt III in 2021.

Tesla's (and Texas') Elon Musk maintained his rank at the top of Forbes' list overall, sporting an estimated net worth of $195 billion.

Yes, H-E-B is independently owned and exclusive to Texas and Mexico, but let's look at the facts: The brand has been so successful that not only is it considered one of the best grocery stores in the U.S., but after Amazon, it ranks as America's most popular place to buy groceries.

The estimated total pay range for a Chief Executive Officer at H E B is $200K–$373K per year, which includes base salary and additional pay.

The company was founded on November 26, 1905, when Florence Butt opened the C.C. Butt Grocery Store on the ground floor of her family home in Kerrville, Texas. In 1919, Howard Edward Butt, Florence's youngest son, took over the store upon his return from World War I.

4. H-E-B - Texas' largest privately-owned company was founded in 1905 in Kerrville and operates on Christian principles. H-E-B Vice Chairman Howard E. Butt Jr. is the president of the H.E.

During the 1930s and '40s, Howard Butt from H-E-B included the purchase of three Piggly Wiggly stores as part of the company's strategic growth.

Are Kroger and H-E-B owned by the same company? ›

Unlike privately held H-E-B, Kroger is a publicly owned company whose shares trade on the New York Stock Exchange.