If Howard Schultz gave up after being turned down by banks 242 times, there would be no Starbucks.Click to see full answer. Correspondingly, who tried to buy Starbucks?Then, in 1987, the founder of Starbucks, Jerry Baldwin, looked to sell the six-store company for $3.8 million. Schultz was the first person to come to mind and Baldwin offered him a 90-day exclusive to raise the money. “I was extraordinarily excited,” Schultz, who was in his early 30s at the time, tells Raz.Also, what religion is Starbucks owner? Schultz was born to a Jewish family on July 19, 1953, in Brooklyn, New York, the son of Elaine (Lederman) and her husband, ex-United States Army soldier and then truck driver Fred Schultz. Also question is, how did Schultz turn around Starbucks? In early 2008, Schultz replaced Donald for his second stint as CEO to turn around his embattled company. He closed underperforming stores and installed his former leadership team. Starbucks shut down stores for an afternoon to retrain employees, hoping to bring back a friendlier vibe and better espressos.How did Howard Schultz make his money?He left Starbucks and started his own company, Il Giornale coffeehouses. In 1987, Schultz returned to Starbucks to buy the coffee shop with the help of a few investors. He also took over as CEO. In 1991, Starbucks started offering “Bean Stock,” or company stock, making employees partners in the company.