Millions of people in the world They take a few moments to rest while enjoying a coffee. With this idea in mind, Howard Schultzthe man behind Starbucksbecame a billionaire and his brand is present in more than 80 countries, being a global icon of the sector. His incredible story is an example of effort and business vision.
From humble beginnings in Brooklyn to leading one of the largest coffee chains in the world, Schultz built his empire on passion and personal sacrifice, turning his vision into a global phenomenon. “From day one I wanted to create the type of company my father never had the opportunity to work for: a company that honor and respect the dignity of work and the dignity of all men and women”.
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Howard Schultz, the man who made Starbucks a company that generates millions around the world
The story of Howard Schultz, the businessman who built his fortune from the bottom up
This billionaire businessman was born in 1953 in a poor home in Brooklyn, New York. He grew up in a difficult environment, with a father who lost his job due to an accident while on the clock, leaving the family in a precarious situation. From a young age, Schultz aspired to overcome those barriers and give his family a better life.
With a dream in tow, Howard finished high school trying to fulfill his mother’s dream of becoming the first member of the family to have a college degree. Despite receiving an athletic scholarship, an injury left him without financial support, forcing him to take on side jobs, including selling blood to continue studying.
After graduating, Schultz began working at Xerox and then a home goods company, but everything changed when he discovered a small coffee company in Seattle: Starbucks. At that moment, he was totally dazzled by the coffee he tried on his first visit. Today’s businessman saw a unique opportunity in the consumer experience.
In 1982, he joined Starbucks as marketing directorbut his big moment came on a trip to Italiawhere he observed the close relationship between baristas and their customers. Inspired by this experience, he proposed transforming the North American chain into a place where people could enjoy coffee in a social environment, but his idea was rejected by the owners.
Without giving up, the young man founded his own coffee brand, The newspaper, and in 1987 he bought Starbucks for 3.8 million dollars. Under his leadership, the company grew rapidly, expanding to thousands of stores around the world. Today, the large coffee chain has more than 30,000 stores in 80 countriess, revolutionizing coffee consumption globally.
After his business success, Schultz had political aspirations, considering running for office. presidency of the United States on several occasions, although he never officially launched his candidacy. In 2019, he assured that he was getting out of the race towards white house because I didn’t want to harm the campaign Donald Trump.
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Howard Schultz dreamed of getting out of poverty and he achieved it, he has had a new dream for a long time: to be president of the United States
How much is Howard Schultz’s fortune, according to Forbes
At 71 years old, the businessman has a fortune estimated at 3.4 billion dollars, according to Forbes. His wealth is the result of his business acumen and leadership, but also his ability to surround himself with talented people and maintain a clear focus on his goals. Additionally, through his venture capital firm, Maveron Capitalinvest in other companies such as Groupon, Allbirds y Madison Reeddemonstrating its interest in supporting the growth of emerging brands.
Among his teachings for those seeking to create successful companies, Schultz highlights nine lessons. These include the importance of knowing how to sell, of being the best instead of the first, and of knowing in depth the industry in which you want to stand out. For him, leadership goes beyond management; It’s about inspiring others and helping them reach their full potential.
But Schultz is not only the owner of the largest coffee shop on the planet, he is also a committed philanthropist. Through the Schultz Family Foundationcollaborates to improve the lives of war veterans and young people, facilitating their integration into civilian and work life. His legacy lies not only in Starbucks’ global expansion, but in the valuable business and social lessons he shares throughout his career.
