Texas

douglas9

(4,358 posts) Sat Oct 10, 2015, 09:04 AM Oct 2015

Forbes: H-E-B's Charles Butt Still Has Way More Money Than You

Today in oddly reassuring news: Charles Butt, chairman and CEO of hometown grocery behemoth H-E-B, is still unimaginably wealthy.

You may continue to find comfort in the knowledge that he has more money than you and everyone else in San Antonio.

San Antonio's low-key supermarket magnate was ranked as the 4th richest person in Texas in the 2015 Forbes 400, out this week, up one spot from his 5th place ranking last year. With a net worth of $10.7 billion, up from $9.8 billion in 2014, Butt switches places with last year's 4th place-holder, Houston oil tycoon Richard Kinder.

His $900 million net worth increase can partially attributed to the sizable portion of your annual income that you spent in his stores, or at least that's what you can tell yourself.

http://www.sacurrent.com/Blogs/archives/2015/10/09/forbes-h-e-bs-charles-butt-still-has-way-more-money-than-you

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Forbes: H-E-B's Charles Butt Still Has Way More Money Than You (Original Post) douglas9 Oct 2015 OP

only store in town except Walmart, which is pitiful in the groc. dept. northoftheborder Oct 2015 #1

northoftheborder

(7,569 posts)

1. only store in town except Walmart, which is pitiful in the groc. dept.

Reply to douglas9 (Original post)

Sat Oct 10, 2015, 07:15 PM

Oct 2015

His $900 million net worth increase can partially attributed to the sizable portion of your annual income that you spent in his stores, or at least that's what you can tell yourself.

You got that right! It's a nice store, though.

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