Schultz was born to a Jewish family[10] on July 19, 1953, in Brooklyn, New York, the son of Elaine

(Lederman) and her husband, ex-United States Army soldier and then truck driver Fred Schultz
With his younger sister, Ronnie, and brother, Michael, he grew up in the New York City Housing
Authority. houses[15][16] He went to Canarsie High School, from which he graduated in
1971.[17] Schultz played high school football and was invited to Northern Michigan University, to
compete for a football scholarship. He paid for college with government loans and money earned
from part-time jobs. He was the first person in his family to go to college and also his first degree
was in speech communication.
Something about his career and how he became what he is today- After graduating, Schultz
worked as a salesman for Xerox Corporation and was quickly promoted to a full sales
representative.[12] In 1979, he became a general manager for Swedish drip coffee maker
manufacturer Hammarplast,[11] where he became responsible for their US operations with a staff
of twenty.[12] In 1981, Schultz visited a client of Hammarplast, a coffee-bean shop called
Starbucks Coffee Company in Seattle. A year later, he joined Starbucks as the Director of
Marketing.[19] On a buying trip to Milan, Italy, for Starbucks, Schultz noted that coffee bars existed
on practically every street. He learned that they not only served excellent espresso, they also
served as meeting places. On his return, he tried to persuade the owners (including
cofounder Jerry Baldwin) to offer traditional espresso beverages in addition to the whole bean
coffee, leaf teas and spices they had long offered. After a successful pilot of the cafe concept,
the owners refused to roll it out company-wide, saying they did not want to get into the restaurant
business. Frustrated, Schultz decided to leave Starbucks in 1985. He needed $400,000 to open
the first store and start the business. He did not have the money and his wife was pregnant with
their first baby. Jerry Baldwin and Starbucks cofounder Gordon Bowker offered to help. Schultz
also received $100,000 from a doctor who was impressed by Schultz's energy to "take a
gamble".[20] By 1986, he had raised all the money he needed to open the first store. The store
offered ice cream in addition to coffee, had little seating. Two years later, the original Starbucks
management decided to focus on Peet's Coffee & Tea and sold its Starbucks retail unit and 17
other locations to Schultz and Il Giornale for US$3.8 million.
Starbuck expansion story - Schultz renamed Il Giornale with the Starbucks name, and
aggressively expanded its reach across the United States. Schultz's keen insight in real estate
and his hard-line focus on growth drove him to expand the company rapidly. Schultz did not
believe in franchising, and made a point of having Starbucks retain ownership of every domestic
outlet. On June 26, 1992, Starbucks had its initial public offering. On June 1, 2000, Schultz
stepped down as CEO of Starbucks, moving to the new position of chief global strategist to help
the company expand internationally
Also along with managing Starbucks he In January 2001, led a group of ten investors who
bought the National Basketball Association's Seattle SuperSonics and the Women's National
Basketball Association's Seattle Storm from the Ackerley Group for $200 million.

On January 8, 2008, Schultz returned as CEO of Starbucks after an eight-year

hiatus.[24] Although the company was growing, that growth was largely dependent on opening
new stores, while same-store sales were declining.[23] He fired many executives,[23][25] closed down
hundreds of weak stores,[23][25] hired the company's first Chief Technology Officer,[25] introduced
the Starbucks Reward Card,[25] and temporarily closed all US locations to retrain employees in
making espresso.[25] The company soon returned to organic growth and investor favor.[25] At this
time, Schultz was earning a total compensation of $9,740,471, which included a base salary of
$1,190,000, and options granted of $7,786,105.[26]
Schultz again stepped down as CEO in December 2016, assuming the position of executive
chairman.[25] On June 4, 2018, Schultz announced that he would leave all positions at Starbucks,
as he was considering amongst other options a campaign for President. Between 1998 and
2008, Starbucks grew from 1,886 stores to 16,680. Schultz took the chain
from just an idea to an entirely new kind of store that hadn't existed before.
During this time period from 1987 – 2018 the number of stores expanded
from 17 – 27300. About an year ago 100 stores have been opened in
india. The chain reported net revenues of $22.4 billion in 2017, and the
company's market cap is roughly $84 billion. Schultz's net worth is roughly
$3 billion.

His achievements -In 1998, Schultz received the 'Israel 50th Anniversary Tribute Award'.[43]
In 1999 AIDs Action awarded Schultz the National Leadership Award for philanthropic and
educational efforts to battle AIDS.[44]
Schultz was named Fortune magazine's 2011 "Businessperson of the Year" for his initiatives in
the economy and job market.[45]
Schultz spoke at the 2017 Arizona State University commencement ceremony and was
presented with an honorary Doctor of humane letters degree.[46]
In November 2017, the NAACP Legal Defense and Educational Fund presented Schultz with the
National Equal Justice Award

Some philantrophic work - Onward Youth is aimed at promoting employment for young people
between the ages of 16 and 24 who are not in school and not working.[75][76] Onward Veterans
aims to help post-9/11 military veterans to successfully transition to civilian life.[77]