
Charles Schwab
Chairman and Founder, Charles Schwab
$11.53B
as of 02/18/25
About Charles Schwab
Charles Schwab is co-chairman and founder of the brokerage firm that bears his name.
The company averages more than 5 million trades per day across 36 million client accounts worth $9.4 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.
Personal stats
Citizenship
United States of AmericaSource of wealth
Discount brokerageResidence
Woodside, CaliforniaMarital status
MarriedBirth date
07/29/37 (age 87)Number of children
5Education
Master of Business Administration, Stanford Graduate School of Business; Bachelor of Arts/Science, Stanford UniversitySelf-made
self-madeCharles Schwab’s fortune is worth

192K
troy ounces of gold

177K
median U.S. household

115K
median U.S. income

0.231%
U.S. credit card volume

0.046%
GDP of the United States

0.034%
United States debt
Net worth history
Annual ranking
Did you know?
Schwab's initial venture into the investing world was through a subscriber-based newsletter, the Investment Indicator, that Schwab founded with friends in 1963.
Net worth over time
Real-time ranking
Financial assets
NYSE | SCHW-US
Charles Schwab Corp.NYSE | SCHW-US
Charles Schwab Corp.NYSE | SCHW-US
Charles Schwab Corp.NYSE | SCHW-US
Charles Schwab Corp.NYSE | SCHW-US
Charles Schwab Corp.NYSE | SCHW-US
Charles Schwab Corp.NYSE | SCHW-US
Charles Schwab Corp.NYSE | SCHW-US
Charles Schwab Corp.NYSE | SCHW-US
Charles Schwab Corp.NYSE | SCHW-US
Charles Schwab Corp.NYSE | LOCL-US
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