Richard Schulze Net Worth is$2 Billion
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Richard Schulze Net Worth

Richard Schulze Net Worth is $2 Billion. Richard Schulze net worth: Richard Schulze is an American businessman with a net worth of $2 billion dollars which makes him one of the r...[read more]

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Profession: Entrepreneur, Businessperson
Date of Birth: 1941
Nicknames: Richard M Schulze, Dick Shulze
Ethnicity: Caucasian race
Country: United States of America

What is Richard Schulze Net Worth?

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How much is Richard Schulze Salary?

Richard Schulze net worth: Richard Schulze is an American businessman with a net worth of $2 billion dollars which makes him one of the richest people in Minnesota. Born in St. Paul, Minnesota, Richard Schulze graduated from Central High School and then joined the Minnesota Air National Guard. He went on to found the "Sound of Music Store" in St. Paul in 1966. "Sound of Music" would eventually become known as Best Buy. Best Buy went public twenty years later and was the second largest electronics retailer in the US throughout the early to mid-90s. Mr. Schulze served as CEO until 2002, and then became Chairman of the Board. The company has struggled over the course of the last ten years, finding it hard to compete against online video, music, and electronics companies such as iTunes and Amazon. During the summer of 2012 they closed 50 locations around the US, and let 2,400 employees go. Mr. Schulze stepped down as Chairman in May of 2012, after it was revealed that he knew about a relationship between (now former) CEO, Brian Dunn, and a female employee.

Flash News about Richard Schulze

Best Buy hands the reins to the woman who led the retailer's comeback

Former CEO Brian Dunn had resigned after having a relationship with a subordinate. Meanwhile, founder Richard Schulze was sparring with the board and trying to buy the company as Amazon.com Inc. was ...
Posted: April 16, 2019, 12:14 am

Former Volkswagen CEO faces fraud charges

Barry, along with Joly, turned around the struggling retailer that had been dogged by falling same-store sales and a takeover battle with founder Richard Schulze. She also headed integration of health ...
Posted: April 15, 2019, 5:12 pm

Best Buy CFO to replace Hubert Joly as CEO

Joly was brought in from travel company Carlson Wagonlit in 2012 to turn around Best Buy that had been dogged by falling same-store sales and a takeover battle with founder Richard Schulze. Joly’s ...
Posted: April 15, 2019, 5:46 am

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