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?

How much is Richard Schulze Net Worth?

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 Co Inc (NYSE:BBY) Major Shareholder Richard M. Schulze Sells 449,204 Shares of Stock

Best Buy Co Inc (NYSE:BBY) major shareholder Richard M. Schulze sold 449,204 shares of Best Buy stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $86.18, for ...
Posted: July 2, 2020, 5:36 pm

Breaking Ground newsletter: A "Best Buy" for $5 million

The former home of Richard Schulze, the founder of Best Buy, has sold for almost $5 million in the gated Bonita Bay community in Bonita Springs. The house was purchased by Rajiv G ...
Posted: July 1, 2020, 8:04 am

5 Ways Family Businesses Can Adapt to COVID-19

EIX and the Richard M. Schulze Family Foundation are Next Avenue funders.) “There is always this pressure in a family business to not be the one to screw it up.” “This crisis is forcing ...
Posted: June 26, 2020, 5:13 am

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