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- The Butt familyLearn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.All of this has turned four members of the Butt family into billionaires worth $14 billion combined. The extended Butt family owns approximately 90% of the San Antonio-based firm, which Forbes currently values H-E-B at just over $17 billion. The rest is owned by employees through an ownership program the company created in 2015.www.forbes.com/sites/andreamurphy/2022/10/01/m…The Butt family owns an estimated 90% Texas-based grocery chain H-E-B.www.forbes.com/profile/butt/Who owns H-E-B? The Butt family continues to own H-E-B, which is the fifth-largest privately held company in the United States, according to Forbes, with revenue of about $44 billion in 2023. Chairman, Charles Butt is a grandson of Florence Butt and ranks 353rd among the world's billionaires, according to Forbes, with a net worth of $7.6 billion.www.houstonchronicle.com/business/article/heb-w…Howard Butt III is CEO of Texas grocery store chain H-E-B and serves on the board. His uncle Charles Butt is the company's chairman. His brother, Stephen Butt, runs H-E-B's Central Market stores, a Whole Foods competitor, and is on the board of directors. The Butt family owns an estimated 90% of the $39 billion (sales) company.www.forbes.com/profile/howard-butt-iii/Founded in 1905, H-E-B is a regional supermarket chain with 340 stores in Texas and Mexico. The company's Central Market stores compete with Whole Foods and the Mi Tienda stores sell Hispanic foods. H-E-B remains owned by the Butt family.www.forbes.com/companies/h-e-b/
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