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Richard M. “Dick” Schulze is the founder of The Richard M. Schulze Family Foundation. He is also the founder and now chairman emeritus of Best Buy Co., Inc. — the world’s largest consumer-electronics retailer. Dick was born and raised in St. Paul, Minnesota.

At their Fall 2021 meeting, the Richard M. Schulze Family Foundation’s Board of Trustees awarded a $5.5 million multi-year grant to Children’s Hospital Minnesota. As part of that award, an…

Richard Schulze worked as an electronics components manufacturer representative before opening his stereo equipment shop, Sound of Music, in 1966. He grew it into the chain of superstores he...

Richard M. “Dick” Schulze is the founder of the Richard M. Schulze Family Foundation and chairman emeritus of Best Buy Co., Inc., the world’s largest multi-channel, consumer-electronic retailer. He's also the visionary and generous funder behind the Catholic Schools Center of Excellence.

Richard Schulze, the billionaire founder of Best Buy, stepped down as the retailer's CEO more than 20 years ago, and launched what's become Minnesota's fourth-largest private foundation.

Our Vision, Mission & Values. Richard M. Schulze. Founder, chairman, and chairman emeritus. of Best Buy Co., Inc. Kevin Bergman. President and chief operating officer. Olympus Ventures, LLC. Kathleen Blatz. New Trustee 2022.

Best Buy1966–2002. Industry: Retail. Era: 1960. Schulze transformed his small Sound of Music electronic store into an electronics retailing giant – Best Buy. Schulze introduced mass-merchandising techniques to the electronics marketplace and helped to transform the shopping process into a personal experience, shifting the balance of power ...

Editor’s Note: Richard M. Schulze is the founder and chairman emeritus of Best Buy Co., Inc. and founder of The Richard M. Schulze Family Foundation. He’s also the founding benefactor of the ...