Meet The Four Billionaires Behind H-E-B Supermarkets, Texas’ Largest Private Employer (2024)

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Meet The Four Billionaires Behind H-E-B Supermarkets, Texas’ Largest Private Employer (2024)

FAQs

Is H-E-B the largest private employer in Texas? ›

Forbes ranked H-E-B fifth on its America's Largest Private Companies list with the grocery market chain having a revenue of $43.6 billion for the previous fiscal year. H-E-B was the No. 1-ranked company from Texas and the second-highest ranked "Food Market" company after Publix Super Markets.

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

As of March 26, 2024, H-E-B's Charles Butt and his family rank No. 159 on the Bloomberg Billionaires Index. 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.

Who will inherit H-E-B in Texas? ›

H-E-B Chairman and heir Charles Butt, who inherited the San Antonio-based grocery stores, has made a large personal donation to help combat that food insecurity, according to a news release.

Is H-E-B still privately owned? ›

Who owns H-E-B? The Butt family continues to own H-E-B, which is the fifth-largest privately held company in the United States, according to Forbes, with revenue of about $44 billion in 2023.

Which US company is the largest private employer? ›

Walmart, Inc.

What does H-E-B stand for? ›

No, it's not "Here Everything's Better." H-E-B is an abbreviation for Howard E. Butt, the son of the store's founder, Florence Butt, who first opened a small grocery store in Kerrville.

Is H-E-B a religious company? ›

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.

Does Walmart own H-E-B? ›

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.

How rich is the CEO of H-E-B? ›

Butt, whose family founded the San Antonio-based grocery retailer in Kerrville, Texas, in 1905, reportedly has a real-time net worth of $7.6 billion. His total has declined since peaking at $12.3 billion in 2015, according to Forbes, which based its 2023 rankings on stock prices in September.

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.

How much is the H-E-B family worth? ›

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.

Is H-E-B bigger than Walmart? ›

Texans are voting with their dollars, too: In 2022, Walmart was easily the nation's most popular grocer, commanding a 25.2 percent market share, compared with H-E-B's 2.3 percent. But in the state, H-E-B has shown it can keep Walmart — the world's largest company by revenue and its largest food retailer — at bay.

Why is H-E-B being sued? ›

H-E-B sued over death of retired Air Force major general in alleged pharmacy foul-up. A San Antonio man has filed a wrongful-death lawsuit against H-E-B alleging it directed his father to get his blood thinner medication by mail rather than in-person at one of its pharmacies.

Where does H-E-B meat come from? ›

Roughly 80% of H-E-B private-label beef is harvested in Texas. Some H-E-B organic and grass-fed beef is purchased from other states, and some value beef from Mexico, to ensure we have the best suppliers & the quality products you expect.

Who is the largest employer in the state of Texas? ›

U.S. leading companies headquartered in Texas 2023, by number of employees. As of 2023, ISS A/S was the largest employer in Texas with an estimated 439,264 employees. Pizza Hut was the second largest company with around 350,000 employees. AT&T, Keller Williams, and ENGIE rounded out the top five employers in the state.

Where does H-E-B rank in the US? ›

H-E-B was named the top U.S. grocery retailer in an influential grocery industry ranking released Thursday. The San Antonio-based supermarket retailer with annual sales of $43 billion became the first grocer to be recognized three times as No. 1 in the nationwide Dunnhumby retailer preference index.

What is the largest public company in Texas? ›

In 2021, the leading publicly traded company with headquarters in Texas was McKesson. That year, McKesson had a revenue of 231 billion U.S. dollars. Following McKesson was Exxon Mobil, which had a revenue of 181.5 billion U.S. dollars.

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