Charles Schwab (2024)

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
Self-Made Score
8
Philanthropy Score
3
Residence
Woodside, California
Citizenship
United States
Marital Status
Married
Children
5
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.

More on Forbes

Charles Schwab (2024)
Top Articles
Latest Posts
Article information

Author: Rueben Jacobs

Last Updated:

Views: 6228

Rating: 4.7 / 5 (77 voted)

Reviews: 92% of readers found this page helpful

Author information

Name: Rueben Jacobs

Birthday: 1999-03-14

Address: 951 Caterina Walk, Schambergerside, CA 67667-0896

Phone: +6881806848632

Job: Internal Education Planner

Hobby: Candle making, Cabaret, Poi, Gambling, Rock climbing, Wood carving, Computer programming

Introduction: My name is Rueben Jacobs, I am a cooperative, beautiful, kind, comfortable, glamorous, open, magnificent person who loves writing and wants to share my knowledge and understanding with you.