Jerry Baldwin Explained

Jerry Baldwin
Birth Name:Gerald Baldwin
Occupation:Food and beverage company founder, company chairman.
Known For:Co-founded Starbucks coffee chain

Gerald Baldwin is an American businessman. He and two other entrepreneurs, Gordon Bowker and Zev Siegl, founded Starbucks in Seattle, in 1971. He is a Sonoma Valley vintner, and co-founder of J. Baldwin Wines.

Career

Jerry Baldwin was born to Rowland Baldwin (1914-1989), a door-to-door milkman, and Patricia Brodeur Baldwin (b. 1923), who worked in data processing for the federal government and IBM, found his life unsettled as a teenager when his parents divorced and his mother remarried. Baldwin went to 3 different high schools before enrolling at the University of San Francisco.[1] He learned the coffee trade from Alfred Peet, whose store Peet's Coffee And Tea, was the inspiration for Starbucks. Starbucks purchased roasted coffee beans from Peet's during its first year of operation. Baldwin has recalled Peet as being a "very generous" mentor.[2] In 1984, when Peet's was offered for sale, Baldwin led a group of investors, including Bowker,[3] to purchase the company. In 1987, he sold his interests in Starbucks. Baldwin was chairman of Peet's until 2001 when Peet's went public, and he became a director of the company.[4] [5] [6]

Baldwin served as director and founding chairman of the Technical Standards Committee of the Specialty Coffee Association of America; president of Association Scientifique International du Cafe (ASIC); and chairman of the Coffee Quality Institute. He was honored with a Lifetime Achievement Award by Specialty Coffee Association of America. He is a director of TechnoServe, an NGO working in Latin America and Africa.[7]

In 2000, he and his wife, photographer Jane Baldwin, established J. Baldwin Wines, a zinfandel and petite sirah grower and producer located in Sonoma Valley, California.[8] Jerry Baldwin's net worth was estimated to be $2.4 billion in 2018.[9]

Notes and References

  1. Web site: Starbucks: The Early Years . 2023-05-09 . www.historylink.org.
  2. https://books.google.com/books?id=F9WWDwAAQBAJ&pg=372 Uncommon Grounds: The History of Coffee and How It Transformed Our World; Mark Pendergrast; Basic Books; 2019; p. 372.
  3. Book: Bussing-Burks . Marie . Starbucks . 2009 . ABC-CLIO . 11 . 9780313364587 . 9 November 2019.
  4. Web site: Starbucks Case Study. www.mhhe.com. 2017-09-29. https://web.archive.org/web/20140821020351/http://www.mhhe.com/business/management/thompson/11e/case/starbucks.html. 2014-08-21. dead.
  5. Web site: Our People. www.peets.com. en. 2017-09-29. 2013-01-16. https://web.archive.org/web/20130116150730/http://www.peets.com/who_we_are/people_leaders.asp?rdir=1&. dead.
  6. Web site: Rourke. Mary. Alfred Peet, 87; founder of California-based chain of coffee stores. Los Angeles Times. September 2007 . 16 May 2016.
  7. Web site: Individuals Who Shaped the Specialty Coffee Industry. The Gourmet Retailer. 16 May 2016 . https://web.archive.org/web/20160924125032/http://www.gourmetretailer.com/top-story-profiles___trends-individuals_who_shaped_the_specialty_coffee_industry-5015.html . 2016-09-24. deviated.
  8. Web site: J. Baldwin Wines. jbaldwinwines.com . 11 November 2019.
  9. Web site: Jerry Baldwin Net Worth . 2023-05-09.