Billionaire Profile
S
Global Rank
#1342

Image: Verney, Frances Parthenope, Lady, 1819-1890, comp Verney, Margaret Maria Williams-Hay, Lady, 1844-1930 | Public domain | via Wikimedia Commons

Stephen Butt & 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
70
Source
Supermarkets
Industry
Fashion & Retail
Citizenship
UNITED STATES

Biography

Stephen Butt, at 70 years old, is the President of Shareholder Relations and the Central Market Division for H-E-B, a Texas-based supermarket chain. The source of his wealth is rooted in the supermarket industry, a legacy that began with the founding of H-E-B by his great-grandmother, Florence Butt, in 1905. Stephen's career has been intertwined with the family business, contributing to its expansion and success. H-E-B, under the Butt family's ownership, donates 5% of its pretax profits to charity. Stephen's leadership has been pivotal, and his family’s net worth is estimated to be $3.2 billion as of March 24, 2026.

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

Wealth Over Time

In-Depth Profile

Early Life and Family Foundation

Stephen Butt is part of the Butt family, which has deep roots in the grocery business. The foundation of their wealth was laid by Florence Butt, who started the first store in Kerrville, Texas, in 1905. The family's commitment to the business has continued through generations, with Stephen playing a key role.

Rise to Success

Stephen Butt's career has been integral to the growth of H-E-B. He currently serves as the President of Shareholder Relations and the Central Market Division. This division focuses on specialty foods, reflecting the company's strategy to diversify and cater to various consumer tastes. The family's success has made them one of the wealthiest families in America.

Key Business Strategies

H-E-B's strategy includes a strong focus on community involvement, with the company donating a significant portion of its profits to charitable causes. Their employee stock ownership program is another strategy that builds a strong connection with their employees. H-E-B continues to expand, opening new stores and investing in e-commerce.

Philanthropy

The Butt family, through H-E-B and the H.E. Butt Foundation, has consistently supported various causes. They have donated millions to flood recovery efforts and provided substantial gifts to support education and food banks across Texas.

Career Milestones

1999

President of Central Market

Stephen Butt began leading the Central Market banner.

2017

Hurricane Harvey Relief

He contributed to the family's $1 million donation to support Hurricane Harvey recovery efforts.

2025

Flood Recovery Donation

Committed to $5 million donation for Texas flood recovery efforts through The Butt Family, H-E-B, and The H.E. Butt Foundation.

Philanthropy & Social Impact

Disaster Relief

Texas Flood Recovery

$5M

Donation for Texas flood recovery efforts.

Education

Uvalde Elementary Campus

$10M

Committed to helping build a new elementary campus in Uvalde

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, regarding flood recovery efforts."

Leadership Principles

Community Engagement

Supporting communities through donations and relief efforts.

Employee Ownership

Promoting a sense of shared success through employee stock ownership programs.