About Charles Schwab
- Charles Schwab is co-chairman and founder of the brokerage firm that bears his name.
- The company averages 5 million trades per day across 34 million client accounts worth $8.2 trillion.
- Schwab was CEO of the business until 2008 and still owns more than 5% of its stock.
- He founded the firm as a traditional brick-and-mortar brokerage in 1971, with $100,000 borrowed from his uncle.
- The business really took off when Schwab started charging half of what full-service brokers did, after an SEC deregulation of brokerage commissions.
Wealth History
HOVER TO REVEAL NET WORTH BY YEAR
Personal Stats
- Age
- 86
- Source of Wealth
- Discount brokerage, Self Made
- Residence
- Woodside, California
- Citizenship
- United States
- Marital Status
- Married
- Education
- Master of Business Administration, Stanford Graduate School of Business; Bachelor of Arts/Science, Stanford University
Did you know
An avid collector of modern and contemporary art, Schwab once chaired the board of the San Francisco Museum of Modern Art.
Schwab, who found out that he's dyslexic when his son was diagnosed, donates to support research in learning differences.
Schwab's initial venture into the investing world was through a subscriber-based newsletter, the Investment Indicator, that Schwab founded with friends in 1963.
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Related by origin of wealth: Discount brokerage
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