BusinessWeek Logo
Minneapolis

Minneapolis

Richard Schulze
68

How'd he get so rich? Schulze started a modest stereo store called Sound of Music in St. Paul, Minn., in 1966, renaming the store Best Buy in 1983. It went public in 1985 and by 1992 was doing $1 billion a year in sales. Today it is the largest specialty retailer of consumer electronics in the U.S., accounting for 21% of the market. His personal net worth is thought to be as much as $2.3 billion.

Learn more about Best Buy (BBY).