Billionaire Profile
Stephen Butt & family
Global Rank
#1172

Image: Public domain | via Wikimedia Commons

Stephen Butt & family

CEO, H-E-B Grocery Company
US
Real-Time Net Worth
$3B
As of December 2025
Age
70
Source
Supermarkets
Industry
fashion-retail
Citizenship
US

Biography

Stephen Butt, at 70 years old, is a key figure in the H-E-B empire, a Texas-based supermarket chain. As the President of Shareholder Relations and the Central Market Division, Stephen Butt has significantly contributed to the company's success. His career at H-E-B reflects a deep commitment to innovation and customer experience, mirroring the values instilled by the company's founders. With a net worth of $3.0 billion, Stephen Butt's influence extends beyond the retail sector, shaping the future of H-E-B's operations and its community engagement.

Wealth Over Time

In-Depth Profile

Early Life

Stephen Butt's connection to H-E-B is deeply rooted in the company's history, founded in 1905 by his great-grandmother, Florence Butt. The family's involvement in the grocery business spans over a century, growing from a small, family-run store to a major regional supermarket chain. Growing up, Stephen would have been immersed in a culture of customer service, innovation, and community involvement, the cornerstones of H-E-B's values.

Rise to Success

Stephen Butt's career within H-E-B has been marked by strategic leadership and a focus on specialty foods. As the President of Central Market, he has been instrumental in the growth and success of this division, which is known for its unique offerings and upscale appeal. He also serves on the board of directors. His leadership has contributed to H-E-B's consistent recognition as one of the top private companies in the United States.

Key Business Strategies

Under Stephen's leadership, H-E-B has continued to focus on providing quality products, excellent customer service, and strong community ties. The Central Market division, in particular, has been a strategic focus, offering gourmet and international food selections, a reflection of the company's commitment to adapting to evolving consumer preferences. H-E-B is also known for its employee ownership program, which creates a dedicated workforce, further solidifying the family's legacy.

Philanthropy

The Butt family, along with H-E-B, is recognized for significant philanthropic efforts. They have provided substantial donations to various causes. In July 2024, the Butt family, H-E-B, and the H.E. Butt Foundation committed $5 million in funding to nonprofits aiding communities affected by devastating floods in Texas. H-E-B donates 5% of its pre-tax profits to charity. Stephen is involved with the Stephen and Susan Butt Family Foundation.

Career Milestones

1999

President of Central Market

Appointed President of the Central Market division, overseeing its growth and strategic direction.

2025

Board Member

Serves on the board of directors for H-E-B.

Philanthropy & Social Impact

Disaster Relief

Flood Recovery Efforts

$5M

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

General Charitable Giving

General Charitable Giving

5% of pre-tax profits

H-E-B donates 5% of pretax profits to charity.

Business Philosophy & Leadership

Notable Quotes

""Since 1905 our family has built a deep connection to Kerrville and the communities of the Hill Country where our company began." - Stephen Butt, H-E-B President of Shareholder Relations"

Leadership Principles

Community Focus

Commitment to supporting local communities through charitable giving and disaster relief efforts.

Customer Service Excellence

Dedication to providing quality products and excellent customer service.

Innovation

Adapting to evolving consumer preferences by offering unique and specialized products.