Howard D. Schultz (born July 19, 1953) is an American businessman and billionaire. He was chairman and chief executive officer of Starbucks, from 1986 to 2000, and, again, from 2008 to 2017, then its executive chairman, from 2017 to 2018. He is a former owner of the Seattle SuperSonics, and was a member of the board of directors of Square, Inc. In 1998, Schultz co-founded Maveron, an investment group, with Dan Levitan. He was named by Forbes, in 2019, as the 145th-richest person in the United States, with a net worth of $4.1 billion, as of November 2019.Schultz resigned as the CEO of Starbucks and became executive chairman in April 2017. He was succeeded as CEO by Kevin Johnson. Schultz retired as executive chairman in June 2018, then becoming chairman emeritus of the company. Long known for his outspoken political views, Schultz announced in January 2019 that he was exploring a run in the 2020 United States presidential election as an independent candidate. However, in June 2019, he announced he was temporarily suspending his presidential bid, citing health concerns. In September 2019, he officially abandoned plans to run, citing the risk of re-electing Donald Trump.