Richard Schulze

Richard Schulze (#915)

Global Rank #915

Country Rank #348

Country United States

Richard Schulze is listed among the world billionaires tracked by Iconic Billionaires.

$ 5 B
Best Buy
United States
M
85 Years

Snapshot

Quick Facts

Global Rank #915

Country Rank #348

Net Worth $4.6B

Previous Worth $4.6B

Worth Change +$0.0B

Country United States

Industry Best Buy

Age 85 Years

Gender M

Worth As Of May 4, 2026

Last Refreshed 26 Jul 2026, 12:00 AM

Residence Naples, Florida

World Billionaires List United States Billionaires Best Buy

Profile Data

Personal Stats

Age 85

Source Of Wealth Best Buy, Self Made

Self Made Score 8

Philanthropy Score 3

Residence Naples, Florida

Citizenship United States

Marital Status Widowed, Remarried

Children 10

Education Diploma, High School

Net Worth Change +$0.0B +0.0% from previous worth

Previous Net Worth $4.6B

Current Net Worth $4.6B

Worth as of May 4, 2026

About Me

Richard Schulze worked as an electronics components manufacturer representative before opening his stereo equipment shop, Sound of Music, in 1966. He grew it into the chain of superstores he renamed Best Buy. He is chairman emeritus of Best Buy and its largest individual shareholder with a 7% stake. Schulze served as the company's CEO from 1983 to 2002 and stepped down as chairman in 2012, when a scandal erupted around his hand-picked CEO. Schulze aims to give away $1 billion of his fortune in his lifetime, through his family foundation.

Insights

Did You Know?

In 2019, Best Buy named Corie Barry as CEO. She became the first woman to lead the company in its 53-year history.

Schulze and his wife Maureen both lost their first spouses to mesothelioma cancer and donated $6 million to Moffitt Cancer Center in 2018.

Wealth Growth

Net Worth Growth Over Time

Tracking Richard Schulze's net worth journey over the years, highlighting key growth phases and financial milestones.

Worth Trend Net Worth Growth

Period Change Worth Movement

Current Net Worth: $4.6B (May 4, 2026)