Howard Schultz – Famous 5amer

Posted by on Jul 5, 2013 in Famous 5amers | 0 comments

Howard Schultz, Starbucks founder is worth over one billion dollars and now earns roughly $30 million each year as CEO, Chairman and President of the coffee company. Mr. Schultz who grew up in the housing projects of Brooklyn realized the undeveloped potential of the café culture after visiting Italy and later in 1987 buying out his boss’s small Starbucks business for $3.8 million. Today Starbucks has a market capitalization of about $30 billion with over 17,000 cafes in more than fifty countries. “Mr. Schultz usually rises at 4 a.m., without an alarm, downs a Starbucks Sumatran coffee at home, followed by a short double latte or espresso macchiato from one or two Starbucks stores he visits on his way to work. He arrives in his office by 6:30. Friends and colleagues agree that he is as fanatical as ever about Starbucks.”

(New York Times, March 13, 2011.)

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