What is Richard Schulze’s Net Worth?
Richard Schulze is an American businessman who has a net worth of $2.9 billion {dollars} which makes him one of many richest individuals in Minnesota. Born in St. Paul, Minnesota, Richard Schulze graduated from Central High School after which joined the Minnesota Air National Guard. He went on to discovered the “Sound of Music Store” in St. Paul in 1966. “Sound of Music” would ultimately develop into often known as Best Buy.
Best Buy went public twenty years later and was the second largest electronics retailer within the US all through the early to mid-90s. Mr. Schulze served as CEO till 2002, after which grew to become Chairman of the Board. The firm has struggled over the course of the final ten years, discovering it arduous to compete in opposition to on-line video, music, and electronics firms comparable to iTunes and Amazon. During the summer season of 2012 they closed 50 places across the US, and let 2,400 workers go. Mr. Schulze stepped down as Chairman in May of 2012, after it was revealed that he knew a couple of relationship between (now former) CEO, Brian Dunn, and a feminine worker.
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