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 America

Source of wealth

Discount brokerage

Residence

Woodside, California

Marital status

Married

Birth date

07/29/37 (age 87)

Number of children

5

Education

Master of Business Administration, Stanford Graduate School of Business; Bachelor of Arts/Science, Stanford University

Self-made

self-made

Charles 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

Local Bounti Corp

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