Former Starbucks CEO Howard Schultz testifies before the Senate Health, Education, Labor, and Pensions Committee in the Dirksen Senate Office Building on Capitol Hill in Washington on March 29, 2023. Anna Moneymaker/Getty Images
Former Starbucks CEO Howard Schultz has revealed that he and his wife, Sheri, have moved their private family office to Miami as they enter what they portray as their “retirement” years, according to a LinkedIn post by the Starbucks founder.
The announcement coincides with Washington state lawmakers advancing a millionaire tax proposal. Schultz’s net worth was estimated at $3.5 billion as of 2026 by Forbes.
