There are a lot of places that sell coffee, but only one where you can get a cup of joe with a side of poetry. That’s right—Starbucks is known for its quality coffee and its friendly atmosphere. It’s a place where you can come in and relax with your laptop or read a book while enjoying some of the best coffee in the country.
But who owns Starbucks? While it might seem like a simple question, there are actually quite a few people involved in making sure that Starbucks stays open every day and continues to produce its famous brews.
Who Owns Starbucks?
Starbucks is a coffeehouse that was founded in 1971. It has since grown to become one of the most recognizable brands in the world. While it started as a small business in Seattle, it has since expanded across the globe and now has more than 28,000 locations worldwide.
Who owns Starbucks? The company is privately owned by its founder, Howard Schultz, who purchased Starbucks from its original owners in 1987. Schultz served as CEO until 2000, when he retired from that role to focus on his role as chairman of the board of directors. He has remained chairman ever since and continues to maintain an active role in the company’s operations today.
Starbucks is a publicly traded company. Its shares are listed on the NASDAQ stock exchange and its ticker symbol is SBUX. In addition, it’s also traded on the New York Stock Exchange under the same symbol. As of September 2019, Starbucks has over $25 billion in market capitalization.
Starbucks is owned by the following people:
- Howard Schultz – former CEO of Starbucks and current Executive Chairman of Starbucks;
- Arthur Rubinfeld – President, Global Coffee and Teavana;
- Kevin Johnson – President and CEO of Starbucks and Executive Chairman of Starbucks;
- Maria Smith – Chief People Officer;
- John Culver – Chief Financial Officer;
- Michele Burns – Chief Information Officer;
- Rosalind Brewer – President, Starbucks US and Americas;
- Clare O’Neil – President, Starbucks Canada;
- Kees Kruythoff – President, Starbucks Europe, Middle East, and Africa.
How much money does Starbucks make?
In fiscal year 2020 (ending August 31, 2020), Starbucks reported revenue of $24.7 billion with net income of $2.2 billion. This represented an increase in revenue for Starbucks of 6%, with net income increasing by 12% from last year’s report of $2.06 billion. Although these numbers don’t include revenue from its Teavana brand—which it sold off in late 2018—they do show that even without Teavana, Starbucks’ sales have increased substantially since 2010 when they reported just over $11 billion in revenue and less than half a million dollars in net income (about 5% of what they earned last year).
What is the estimated net worth of Howard Schultz, the founder of Starbucks?
The estimated net worth of Howard Schultz, the founder of Starbucks, is around $3 billion.
Schultz was born in 1953 in Brooklyn, New York and grew up in Canarsie. His father was a truck driver and his mother was a housewife. He attended Northern Michigan University on a full scholarship. In 1982, he purchased Starbucks with financial help from Gordon Bowker and Jerry Baldwin for $4 million. In 1992 he became CEO of the company when it was valued at $180 million (the first time it had ever made more than $1 million).
In 2000, Schultz stepped down as CEO but remained on the company’s board of directors until 2008 when he returned as CEO after being asked by investors to save the company from bankruptcy. He also served as chairman of Starbucks’ board until 2017 when he stepped down completely from all positions within the company except for his role as an advisor to its board of directors.
How many employees does Starbucks have, and where are they located?
Starbucks currently has over 330,000 employees worldwide. The company’s headquarters are located in Seattle, Washington, and it has offices located in New York City, Boston, Chicago, San Francisco, Shanghai and Tokyo.
Starbucks was founded in 1971 by Jerry Baldwin, Gordon Bowker and Zev Siegl. They opened their first store in Seattle’s Pike Place Market in 1971. The company went public in 1992 and now has 19,000 stores around the world.
What are the profits per year for Starbucks? How much income does Starbucks bring in?
The profits of Starbucks is not something that is public knowledge. However, it is estimated that the company makes about $12 billion dollars a year.
This number is based on a variety of different factors, including how many stores are open, how much each store brings in, and how much each product costs to produce.
The amount of profit per store varies by location, as well. Some stores can bring in over $1 million per year while others may only make $300,000 or less.
How many locations does Starbucks have in the United States? How many stores does Starbucks have?
Starbucks has more than 28,000 stores in the United States.
According to their website, there are over 14,000 company-owned stores and 14,000 licensed stores in the US.
Starbucks is a publicly traded company, which means that it’s owned by shareholders. In fact, the company is owned by more than 2 million shareholders!
In fiscal year 2019, Starbucks made $6.2 billion in net income. That’s an increase from the previous fiscal year, when they made $5.5 billion in net income—and it was up from the year before that as well!
In March 2019, Starbucks employed about 235,000 people worldwide—a jump from 200,000 employees at the end of fiscal year 2018 (and 170,000 when Howard Schultz stepped down as CEO).
Yes! All employees are eligible for free drinks at Starbucks stores (excluding Teavana).
Starbucks sells coffee and other drinks including hot chocolate, espresso-based beverages like cappuccinos and lattes, cold beverages like iced tea and juice drinks as well as food items including pastries like muffins and sandwiches made with bread baked at their own Seattle bakery plus salads made fresh daily using locally sourced ingredients whenever possible.
Starbucks offers full health insurance coverage for its full-time employees as well as dental coverage beyond that. They also offer vision coverage for part-time employees who work 20 hours per week or more. All employees can receive 401(k) matching contributions up to 6% of their salary, and all employees receive stock grants every three years based on tenure, which vest over four years after they’re awarded.