Howard Schultz is not the only billionaire to grow up in a Brooklyn housing project, nor is he the only project-raised Brooklynite who has owned a basketball team. But he's the only one who got there by selling coffee. As the CEO of Starbucks, Schultz built the company from a small regional chain to a global behemoth. In December 2016, the company announced Schultz would step down as CEO in 2017 and become executive chairman. In his new role, Schultz will focus on Starbucks' high-end specialty chain, Starbucks Reserve, as well as on the company's social justice efforts.