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

Google used to be called BackRub. Here are 9 other companies that started with completely different names.

But by the 1980s, founders Richard M. Schulze and James Wheeler realized they had a successful venture on their hands when they had seven stores and $10 million in annual sales. Their success stemmed ...
Posted: August 16, 2019, 7:52 am

WKU students advance in entrepreneurship contest

the duo fine-tuned the product and created the seven-minute video that earned them a spot in the Minneapolis competition that was started by Best Buy founder Richard Schulze. “I saw the potential they ...
Posted: April 1, 2019, 6:27 am

Best Buy Founder Richard Schulze Makes Big Stock Sales

Richard Schulze, the founder of consumer-electronics retailer Best Buy (ticker: BBY), has sold the recently resurgent stock for the first time since December 2017. A foundation and trust that Schulze ...
Posted: March 6, 2019, 7:52 am

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