$50M
Schulze Hall, home of the Schulze School of Entrepreneurship, was funded through a $50 million gift made by Schulze and his late wife, Sandra.
Meet the Principal Donor to the Schulze School
Our Benefactor
About Richard M. Schulze
Richard M. “Dick” Schulze, is the founder and chairman emeritus of Best Buy Co., Inc., the world’s largest multi-channel, consumer-electronic retailer. Schulze Hall, home of the Schulze School of Entrepreneurship, was funded through a $50-million dollar gift made in 2000 by Schulze and his late wife, Sandra.
Born and raised in St. Paul, Minnesota, Dick Schulze is the ultimate entrepreneur. From a modest background, he and a team founded Sound of Music in 1966 —the chain of 11 stereo component retail stores that in 1983 became Best Buy.
Schulze served as Best Buy’s executive CEO from 1983 to 2002, and as chairman until 2012. His wide-ranging career encompasses entrepreneurial and technical experience, retail and distributor sales, independent manufacturer's representation and management. Schulze served on the University of St. Thomas Board of Trustees, and is chairman of the Board of Governors for the St. Thomas Opus College of Business.
Mr. Schulze is a firm believer in the power of entrepreneurial action to generate effective solutions to societal challenges, to create products and services that enhance the quality of life of the people they serve, and to build organizations that provide jobs and drive economic growth and wellbeing.