Richard M. Schulze net worth and biography

Richard Schulze Biography and Net Worth

Chairman of Best Buy

Richard M. “Dick” Schulze, the founder of The Richard M. Schulze Family Foundation, is also founder and chairman emeritus of Best Buy Co., Inc., the world’s largest multi-channel, consumer-electronic retailer.

Born and raised in St. Paul, Minnesota, Schulze is the ultimate entrepreneur and is living the American dream. From a modest background, he and a hand-picked team built a retailing empire based in the Twin Cities. Through it all, he adhered to his life-long values of integrity, humility, honesty, and respect – both in his professional career and his personal life. In years to come, Schulze hopes to be remembered by a personal legacy involving three major contributions through business, entrepreneurship education and philanthropy.

What is Richard M. Schulze's net worth?: The estimated net worth of Richard M. Schulze is at least $1.22 billion as of July 24th, 2024. Mr. Schulze owns 13,602,853 shares of Best Buy stock worth more than $1,218,271,515 as of November 23rd. This net worth evaluation does not reflect any other investments that Mr. Schulze may own. Additionally, Mr. Schulze receives an annual salary of $69,130.00 as Chairman at Best Buy. Learn More about Richard M. Schulze's net worth.
How old is Richard M. Schulze?: Mr. Schulze is currently 83 years old. There are 6 older executives and no younger executives at Best Buy. Learn More on Richard M. Schulze's age.
What is Richard M. Schulze's salary?: As the Chairman of Best Buy Co., Inc., Mr. Schulze earns $69,130.00 per year. There are 5 executives that earn more than Mr. Schulze. The highest earning executive at Best Buy is Ms. Corie Sue Barry, CEO & Director, who commands a salary of $1,840,000.00 per year. Learn More on Richard M. Schulze's salary.
How do I contact Richard M. Schulze?: The corporate mailing address for Mr. Schulze and other Best Buy executives is 7601 PENN AVE SOUTH, RICHFIELD MN, 55423. Best Buy can also be reached via phone at (612) 291-1000 and via email at [email protected]. Learn More on Richard M. Schulze's contact information.
Has Richard M. Schulze been buying or selling shares of Best Buy?: Richard M. Schulze has not been actively trading shares of Best Buy in the last ninety days. Most recently, Richard M. Schulze sold 88,542 shares of the business's stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $88.25, for a transaction totalling $7,813,831.50. Following the completion of the sale, the chairman now directly owns 13,602,853 shares of the company's stock, valued at $1,200,451,777.25. Learn More on Richard M. Schulze's trading history.
Who are Best Buy's active insiders?: Best Buy's insider roster includes Whitney Alexander (Insider), Corie Barry (CEO & Director), Robert Bass (Insider), Matthew Bilunas (CFO), Jason Bonfig (Insider), Deborah Eldracher (Insider), Matthew Furman (Insider), Damien Harmon (Insider), Todd Hartman (Insider), Hubert Joly (Director), Mario Marte (Director), Rajendra Mohan (COO), Allison Peterson (Insider), Kathleen Scarlett (Insider), Richard Schulze (Chairman), Brian Tilzer (Insider), and Mathew Watson (CAO). Learn More on Best Buy's active insiders.
Are insiders buying or selling shares of Best Buy?: In the last twelve months, insiders at the technology retailer sold shares 21 times. They sold a total of 4,122,189 shares worth more than $344,921,625.75. The most recent insider tranaction occured on July, 24th when Chairman Richard M Schulze sold 88,542 shares worth more than $7,813,831.50. Insiders at Best Buy own 0.6% of the company. Learn More about insider trades at Best Buy.
Information on this page was last updated on 7/24/2024.

Richard M. Schulze Insider Trading History at Best Buy

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
7/24/2024	Sell	88,542	$88.25	$7,813,831.50	13,602,853
7/22/2024	Sell	600,000	$88.29	$52,974,000.00	14,002,853
7/18/2024	Sell	691,328	$88.46	$61,154,874.88	14,911,525
6/3/2024	Sell	1,000,000	$85.85	$85,850,000.00	15,890,103
5/30/2024	Sell	1,000,000	$80.21	$80,210,000.00	8,850
12/20/2023	Sell	110,974	$77.00	$8,544,998.00	19,566,458
12/14/2023	Sell	313,728	$76.97	$24,147,644.16	199,448
12/11/2023	Sell	48,401	$75.07	$3,633,463.07	253,370
12/6/2023	Sell	213,693	$75.10	$16,048,344.30	288,393
7/25/2023	Sell	100,000	$85.24	$8,524,000.00	349,448
6/27/2023	Sell	250,000	$82.90	$20,725,000.00	390,148
11/28/2022	Sell	366,100	$81.94	$29,998,234.00	590,148
5/25/2022	Buy	250,000	$79.60	$19,900,000.00	20,464,051
4/14/2021	Sell	2,568	$120.79	$310,188.72
10/9/2020	Sell	436,199	$116.30	$50,729,943.70
10/7/2020	Sell	250,826	$115.27	$28,912,713.02
7/8/2020	Sell	6,000	$86.64	$519,840.00
6/29/2020	Sell	449,204	$86.18	$38,712,400.72
6/26/2020	Sell	290,796	$85.59	$24,889,229.64
12/2/2019	Sell	589,500	$79.25	$46,717,875.00
11/29/2019	Sell	369,000	$80.97	$29,877,930.00
11/27/2019	Sell	1,106,000	$80.69	$89,243,140.00
7/22/2019	Sell	430,600	$75.26	$32,406,956.00	1,732,500
7/19/2019	Sell	51,265	$75.01	$3,845,387.65	1,732,500
7/17/2019	Sell	69,400	$75.12	$5,213,328.00	1,732,500
7/9/2019	Sell	418,812	$72.06	$30,179,592.72	1,732,500
7/5/2019	Sell	206,188	$72.07	$14,859,969.16	1,732,500
7/3/2019	Sell	183,675	$72.07	$13,237,457.25	1,732,500
3/11/2019	Sell	482,557	$68.88	$33,238,526.16	1,732,500
3/4/2019	Sell	25,443	$68.22	$1,735,721.46	1,732,500
3/1/2019	Sell	492,000	$68.50	$33,702,000.00	1,732,500
12/18/2017	Sell	250,000	$66.83	$16,707,500.00	1,732,500
12/15/2017	Sell	75,000	$65.19	$4,889,250.00	1,732,500
12/13/2017	Sell	200,000	$64.14	$12,828,000.00	1,732,500
12/8/2017	Sell	475,000	$62.68	$29,773,000.00	1,732,500
12/6/2017	Sell	50,000	$61.34	$3,067,000.00	1,732,500
12/4/2017	Sell	65,000	$61.08	$3,970,200.00	1,732,500
12/1/2017	Sell	935,000	$60.18	$56,268,300.00	1,732,500
11/29/2017	Sell	1,000,000	$58.80	$58,800,000.00
12/16/2016	Sell	90,000	$47.28	$4,255,200.00	1,732,500
12/15/2016	Sell	235,000	$48.50	$11,397,500.00	1,732,500
12/9/2016	Sell	675,000	$48.53	$32,757,750.00	1,732,500
10/13/2015	Sell	197,500	$37.23	$7,352,925.00	1,732,500
10/12/2015	Sell	267,504	$37.05	$9,911,023.20	1,732,500
10/6/2015	Sell	564,846	$37.65	$21,266,451.90	1,732,500
10/5/2015	Sell	550,000	$37.64	$20,702,000.00	1,732,500
4/17/2015	Sell	11,250	$36.69	$412,762.50
2/27/2015	Sell	420,000	$38.01	$15,964,200.00
2/24/2015	Sell	80,000	$38.86	$3,108,800.00
2/20/2015	Sell	235,000	$39.24	$9,221,400.00
2/18/2015	Sell	165,000	$39.14	$6,458,100.00
2/13/2015	Sell	375,000	$39.00	$14,625,000.00
2/11/2015	Sell	225,000	$38.09	$8,570,250.00
2/6/2015	Sell	900,000	$37.01	$33,309,000.00
2/4/2015	Sell	1,210,000	$35.83	$43,354,300.00
2/3/2015	Sell	760,000	$35.64	$27,086,400.00
1/13/2015	Sell	170,000	$39.74	$6,755,800.00
1/12/2015	Sell	170,000	$39.14	$6,653,800.00
1/8/2015	Sell	1,600,000	$38.88	$62,208,000.00
1/5/2015	Sell	550,000	$38.57	$21,213,500.00
12/23/2014	Sell	350,000	$40.00	$14,000,000.00
11/25/2014	Sell	1,415,000	$38.79	$54,887,850.00
11/20/2014	Sell	1,360,000	$37.50	$51,000,000.00
11/13/2014	Sell	500,000	$35.41	$17,705,000.00
11/6/2014	Sell	800,000	$35.00	$28,000,000.00
11/4/2014	Sell	550,000	$34.45	$18,947,500.00
10/30/2014	Sell	700,000	$33.15	$23,205,000.00
10/28/2014	Sell	220,000	$32.96	$7,251,200.00
10/27/2014	Sell	170,000	$33.03	$5,615,100.00
10/23/2014	Sell	230,000	$33.21	$7,638,300.00
10/3/2014	Sell	65,400	$33.59	$2,196,786.00
9/29/2014	Sell	500,000	$33.54	$16,770,000.00
8/28/2014	Sell	1,600	$31.81	$50,896.00
11/5/2013	Sell	1,708,334	$43.20	$73,800,028.80
10/23/2013	Sell	450,000	$42.62	$19,179,000.00
10/3/2013	Sell	1,708,334	$37.78	$64,540,858.52
9/10/2013	Sell	462,337	$37.39	$17,286,780.43
9/9/2013	Sell	787,663	$37.23	$29,324,693.49

Richard M. Schulze Buying and Selling Activity at Best Buy

Best Buy Company Overview

Best Buy Co., Inc. engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions. The company's stores also offer appliances, such as dishwashers, laundry, ovens, refrigerators, blenders, coffee makers, vacuums, and personal care; entertainment products consisting of drones, peripherals, movies, and toys, as well as hardware and software, and virtual reality and other software products; and other products, such as baby, food and beverage, luggage, outdoor living, and sporting goods. In addition, it provides delivery, installation, memberships, repair, set-up, technical support, health-related, and warranty-related services. The company offers its products through stores and websites under the Best Buy, Best Buy Ads, Best Buy Business, Best Buy Health, Buy Mobile, CST, Current Health, Geek Squad, Lively, Magnolia, Pacific Kitchen, Home, TechLiquidators, and Yardbird brands, as well as domain names comprising bestbuy.com, currenthealth.com, lively.com, techliquidators.com, yardbird.com, and bestbuy.ca. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was incorporated in 1966 and is headquartered in Richfield, Minnesota.

Today's Range

Now: $89.56

$87.00

$90.22

50 Day Range

MA: $94.72

$86.77

$103.30

2 Week Range

Now: $89.56

$67.80

$103.71

Volume

4,552,504 shs

Average Volume

3,003,446 shs

Market Capitalization

$19.23 billion

P/E Ratio

15.44

Dividend Yield

4.32%

Beta

1.47

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Richard Schulze Biography and Net Worth

What is Richard M. Schulze's net worth?

How old is Richard M. Schulze?

What is Richard M. Schulze's salary?

How do I contact Richard M. Schulze?

Has Richard M. Schulze been buying or selling shares of Best Buy?

Who are Best Buy's active insiders?

Are insiders buying or selling shares of Best Buy?