Charles Schwab
Chairman and Founder, Charles Schwab
$10.39B
$93.9M (-0.9%)
as of 07/05/24
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.
Personal stats
Citizenship
United States of AmericaSource of wealth
Discount brokerageResidence
Woodside, CaliforniaMarital status
MarriedBirth date
07/29/37 (age 86)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
173K
troy ounces of gold
160K
median U.S. household
104K
median U.S. income
0.208%
U.S. credit card volume
0.042%
GDP of the United States
0.031%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
Schwab, who found out that he's dyslexic when his son was diagnosed, donates to support research in learning differences.
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 | SCHW-US
Charles Schwab Corp.NYSE | LOCL-US
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