Richard Schulze Net Worth is$2 Billion
VN:F [1.9.22_1171]
deserves the money?
Rating: 0.0/5 (0 votes cast)
VN:F [1.9.22_1171]
Would you date ?
Rating: 0.0/5 (0 votes cast)
Profession: Entrepreneur, Businessperson

Date of Birth: 1941

Nicknames: Richard M Schulze, Dick Shulze

Ethnicity: Caucasian race

Country: United States of America

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.
Dick Schulze is the founder and immediate past chairman of Best Buy. He lives in Bonita Springs, Florida.
He was born and raised in Saint Paul, Minnesota where he graduated from Central High School. He subsequently spent time in the U.S. Air Force with the Minnesota Air National Guard. He has an honorary degree from the University of St. Thomas in Saint Paul. On November 9, 1991, Minnesota Governor Arne Carlson designated the day as Richard M. Schulze Day.
In 2000, Schulze donated $50 million to the University of St. Thomas, at the time the largest donation to a Minnesota college or university. The money went to help open the UST School of Law, featuring the prominent Schulze Grand Atrium, as well as The Schulze School of Entrepreneurship, part of the St. Thomas College of Business and located in Schulze Hall ; both schools are in downtown Minneapolis. Schulze sits on the Board of Governors of the UST School of Law.
In 2011, he was ranked 157th richest person in America by Forbes, with an estimated worth of $2.5 billion.
In May 2012, Richard Schulze announced that he is stepping down as of Best Buy chairman after an investigation found that he knew that the CEO was having a relationship with a female employee and did not alert the audit committee.
It was announced on August 6, 2012 that Richard Schulze made a bid to buy out the Best Buy company. According to the report he already owns 20% of the company. This news caused the share price of Best Buy to go up slightly.

Richard Schulze Latest News

Private equity groups eye Best Buy

Richard Schulze, Best Buy’s estranged founder, has persuaded at least four private equity groups to examine the books of the US electronics retailer as he tries to assemble a takeover bid. TPG, Cerberus Capital Management, Apollo Global Management and ...
Posted: August 17, 2017, 4:33 am

Opera Administrators Chosen for 2017 Hart Institute

The institute had vital foundational support from the Richard and Enika Schulze Foundation. Naming support came through the generosity of Linda and Mitch Hart. Additional support for the institute comes from The Andrew W. Mellon Foundation, Baker Botts LLP ...
Posted: August 9, 2017, 9:00 pm

Your Top California Wine-Tasting Itinerary: Napa and Sonoma

You need a referral or an invite to get an appointment. Helmed by Susan and Duane Hoff, both of whom helped grow the Best Buy empire (Susan’s father, Richard Schulze, founded the electronics chain), the winery lures you in with its All Great Things ...
Posted: August 10, 2017, 6:03 am

Richard Schulze, Best Buy Founder, Resigns, Mull Options For 20 Percent Stake

June 7 (Reuters) - Best Buy Co Inc founder and chairman Richard Schulze resigned from the company's board on Thursday and said he was exploring options for his 20.1 percent ownership stake, a move seen as a possible precursor of a Schulze-led private takeover.
Posted: June 7, 2012, 2:17 am

Addazio in No Rush to Pick QB; Scrimmage Notes

Another kicker to keep an eye on will be senior Maximilian Schulze-Geisthovel. A former BC soccer player ... pounding the rock until, finally, Richard Wilson muscled his way in for a two-yard score, his second touchdown of the day. Speaking of running ...
Posted: August 15, 2017, 8:53 am
Related Topics:
Dick Shulze, Dick Shulze Bio, Dick Shulze Earnings, Dick Shulze Income, Dick Shulze Net Worth, Dick Shulze Salary, How Much Is Dick Shulze Earnings, How Much Is Dick Shulze Income, How Much Is Dick Shulze Net Worth, How Much Is Dick Shulze Salary, How Much Is Dick Shulze Worth, How Much Is Richard M Schulze Earnings, How Much Is Richard M Schulze Income, How Much Is Richard M Schulze Net Worth, How Much Is Richard M Schulze Salary, How Much Is Richard M Schulze Worth, How Much Is Richard Schulze Earnings, How Much Is Richard Schulze Income, How Much Is Richard Schulze Net Worth, How Much Is Richard Schulze Salary, How Much Is Richard Schulze Worth, Richard M Schulze, Richard M Schulze Bio, Richard M Schulze Earnings, Richard M Schulze Income, Richard M Schulze Net Worth, Richard M Schulze Salary, Richard Schulze, Richard Schulze Age, Richard Schulze Bby, Richard Schulze Best Buy, Richard Schulze Best Buy Buyout, Richard Schulze Best Buy Offer, Richard Schulze Best Buy Scandal, Richard Schulze Bio, Richard Schulze Biography, Richard Schulze Blog, Richard Schulze Buyout, Richard Schulze Children, Richard Schulze Colon Cleanse, Richard Schulze Congressman, Richard Schulze Country, Richard Schulze Date Of Birth, Richard Schulze Daughter, Richard Schulze Earnings, Richard Schulze Email, Richard Schulze Ethnicity, Richard Schulze Family, Richard Schulze Family Foundation, Richard Schulze Foundation, Richard Schulze Gossips, Richard Schulze Height, Richard Schulze Herbs, Richard Schulze History, Richard Schulze Home Town, Richard Schulze Images, Richard Schulze Income, Richard Schulze Job, Richard Schulze Letter, Richard Schulze Nationality, Richard Schulze Net Worth, Richard Schulze Networth, Richard Schulze News, Richard Schulze Partner, Richard Schulze Place Of Birth, Richard Schulze Religion, Richard Schulze Reno, Richard Schulze Resigned, Richard Schulze Rumors, Richard Schulze Salary, Richard Schulze Savannah, Richard Schulze Scandal, Richard Schulze Secrets, Richard Schulze Superfood, Richard Schulze Videos, Richard Schulze Weight, Richard Schulze-kossens, Who Is Richard Schulze,