Rodger Riney & family

Cofounder, Scottrade
$3.94B
as of 02/18/25

About Rodger Riney & family

Rodger Riney is the cofounder of discount brokerage firm Scottrade, which is now part of Charles Schwab.

After college, Riney turned down a job at a top engineering firm and joined a Missouri investment company for less pay.

A decade later, he quit his job, drove 1,500 miles from St. Louis to Scottsdale, Ariz. and cofounded Scottrade in 1980.

Riney, who bought out his partner in 1985, expanded the firm to 3 million client accounts with a total of $170 billion in assets under management.

He sold out to Joe Ricketts' TD Ameritrade for $4 billion in 2017, 2 years after he was diagnosed with blood cancer multiple myeloma.

He has since donated $40 million to Washington U. to research the disease and develop treatments for neurodegenerative illnesses.

Personal stats

Citizenship

United States of America

Source of wealth

Discount brokerage

Residence

St. Louis, Missouri

Marital status

Married

Birth date

01/01/46 (age 79)

Number of children

3

Education

Bachelor of Arts/Science, University of Missouri; Master of Business Administration, University of Missouri

Self-made

self-made

Rodger Riney & family’s fortune is worth

66K

troy ounces of gold

61K

median U.S. household

39K

median U.S. income

0.079%

U.S. credit card volume

0.016%

GDP of the United States

0.012%

United States debt

Net worth history

Annual ranking

Net worth over time

Real-time ranking

Images © Forbes.com. All rights reserved.