Billionaire Profile
Charles Butt
Global Rank
#297

Image: Public domain | via Wikimedia Commons

Charles Butt

CEO, H-E-B Grocery Company
US
Real-Time Net Worth
$10.3B
As of December 2025
Age
87
Source
Supermarkets
Industry
fashion-retail
Citizenship
US

Biography

Charles Butt, born in 1938, is an American billionaire and the chairman of H-E-B, a Texas-based supermarket chain. His source of wealth is derived from the supermarkets his family founded. He has had a long career with the company, starting at age 8, and became CEO in 1971. Under his leadership, H-E-B has grown into one of the largest private companies in the United States, with $38.9 billion in revenue in 2022. Butt is also known for his philanthropy, including significant contributions to education and community initiatives.

Wealth Over Time

In-Depth Profile

Early Life

Charles Clarence Butt was born on February 3, 1938, in San Antonio, Texas. He is the grandson of Florence Butt, who founded the C.C. Butt Grocery Store in Kerrville, Texas, in 1905. His father, Howard Edward Butt Sr., expanded the business. Charles began working in the family business at a young age. He attended the University of Pennsylvania's Wharton School, earning a bachelor's degree, and later received an MBA from Harvard Business School.

Rise to Success

Butt became the chairman, CEO, and president of H-E-B Grocery Company in 1971. Under his leadership, the company experienced significant growth, expanding its operations in Texas and Mexico. H-E-B now operates over 400 stores. In 2022, H-E-B had $38.9 billion in revenue. Butt has been instrumental in driving the company's success.

Key Business Strategies

H-E-B has focused on several key strategies. The company has expanded its operations and invested in new store formats, including Central Market, H-E-B Plus!, and Mi Tienda. H-E-B has also invested in technology, such as self-checkout kiosks and smartphone apps. Butt has emphasized the importance of customer service and community involvement.

Philanthropy

Butt is known for his philanthropy, with H-E-B donating 5% of its pre-tax profits to charity. Butt has also established several initiatives, including the Charles Butt Foundation and The Holdsworth Center. In 2017, he donated several million dollars to the Hurricane Harvey Relief Fund. In March 2024, Butt donated $500,000 to the State of Texas Agricultural Relief (STAR) Fund.

Career Milestones

1971

CEO of H-E-B Grocery Company

Became CEO, chairman, and president, leading the company's expansion.

2001

Awarded Aguila Azteca Medal

Received the medal from the Mexican government for philanthropic work.

2017

Established The Holdsworth Center

Invested $100 million to create a non-profit leadership institute for Texas public school administrators.

Philanthropy & Social Impact

Education

Charles Butt Foundation

$X

Supports Texas teachers and public education initiatives.

Education

The Holdsworth Center

$100M

Nonprofit leadership institute for Texas public school administrators.

Business Philosophy & Leadership

Notable Quotes

""The most important place a retailer can be is in the store. That's where you can speak with customers personally and learn...""

Leadership Principles

Community Focus

Commitment to local communities and charitable giving.

Customer Service

Emphasis on creating a positive shopping experience.

Innovation

Adaptation to new trends and technologies, such as self-checkout.