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Butt family
PROFILE
Butt family
$18.8B
2024 America's Richest Families Net Worth
as of 2/8/24
Photo by Kevin Geil/ZUMA Press/Newscom
About Butt family
The Butt family owns an estimated 90% Texas-based grocery chain H-E-B.
The company has over 400 locations in Texas and Mexico and reported $43.6 billion of revenue for fiscal 2023.
Florence Butt founded the company in 1905 after her husband was diagnosed with tuberculosis and was unable to work.
Her son Howard Butt took over in the 1920s and expanded the company across Texas, renaming it the H.E. Butt Grocery Company in 1928.
Howard's son Charles got his start as a bag boy at age 8 in the 1940s and succeeded his father as CEO in 1971.
Charles is still the company's chairman. His sister Eleanor Butt Crook and nephew Stephen Butt also serve on the board, while another nephew, Howard Butt III, is CEO.
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