Billionaire Profile
H
Global Rank
#1341

Image: Suter, William E., 1811?-1882 Dumas, Alexandre, 1802-1870. Catherine Howard | Public domain | via Wikimedia Commons

Howard Butt III & family

CEO, Supermarkets
UNITED STATES
Real-Time Net Worth
$3.195B
Estimated based on Supermarkets stock value as of April 20, 2026
0% (24h)
Age
73
Source
Supermarkets
Industry
Fashion & Retail
Citizenship
UNITED STATES

Biography

Howard Butt III is the CEO of H-E-B, a Texas-based supermarket chain and the largest private employer in Texas. Born into the family that founded the company in 1905, Howard Butt III has overseen the continued growth and success of H-E-B, which generates tens of billions in annual revenue. His career has been dedicated to expanding the family business while also carrying forward the company's strong commitment to customer service, innovation, and philanthropy. Howard Butt III has a net worth of $3.2 billion as of 2024, reflecting his significant ownership in the company.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life

Howard Butt III is a member of the Butt family, who founded H-E-B in 1905 in Kerrville, Texas. His great-grandmother, Florence Butt, started the company, and it has remained family-owned since its inception. Howard Butt III's father, Howard Butt Jr., and uncle Charles Butt (current chairman) have both played significant roles in the company's history. Howard Butt Jr. was initially groomed to run the grocery chain.

Rise to Success

Howard Butt III serves as the CEO of H-E-B and has been instrumental in the company's continued success. He took over as CEO in 2021. H-E-B has over 440 stores in Texas and Mexico. The company has grown to be one of the largest grocery retailers in the United States by revenue and employee count. H-E-B has also been recognized as a top employer. Under his leadership, the company has invested heavily in the community, donated 5% of pre-tax earnings to civic and charitable organizations, and spent on emergency preparedness and disaster relief. In 2024, H-E-B's revenue reached $46.5 billion. The Butt family owns approximately 90% of the company.

Key Business Strategies

H-E-B's key strategies include a focus on customer service, innovation, and community engagement. The company is known for its private label foods and customizing stores to specific locations. H-E-B also has employee ownership programs. The company is expanding, especially in the Dallas-Fort Worth area, and investing heavily in e-commerce fulfillment and delivery services.

Philanthropy

H-E-B donates 5% of its pre-tax profits to charitable groups. Charles Butt made a $20 million personal gift to support 20 food banks across Texas. In the wake of the Robb Elementary School shooting in Uvalde, the Butt family and H-E-B committed $10 million to help build a new elementary campus. The Butt family, H-E-B, and the H.E. Butt Foundation committed $5 million in funding to nonprofits providing aid and recovery support to communities in Texas that were impacted by flooding.

Career Milestones

2021

CEO of H-E-B

Became CEO of H-E-B, taking over from his uncle, Charles Butt.

Philanthropy & Social Impact

Disaster Relief

Texas Flood Relief

$5M

Committed $5 million in funding to nonprofits providing aid and recovery support to communities in Texas affected by flooding.

Education

Uvalde Elementary Campus

$10M

Committed $10 million to help build a new elementary campus in Uvalde.

Hunger Relief

Texas Food Banks

$20M

Charles Butt made a personal gift to support 20 food banks across Texas