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Charles Schwab Net Worth

Charles Schwab Net Worth

Net Worth: $8.34 Billion

Statistics
  • Source of Wealth Charles Schwab Corporation
  • Birth Place Sacramento, California, U.S.
  • Marital Status Married (Helen O'Neill)
  • Full Name Charles Robert Schwab, Jr.
  • Nationality United States
  • Date of Birth July 29, 1937
  • Occupation Businessman
  • Education Stanford University, Stanford Graduate School of Business
  • Children 5 (Charles Jr., Carrie, Virginia, Michael, Helen)
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About Charles Schwab

A well known philanthropist, Charles Schwab is a American investor, and businessman who founded the Charles Schwab Corporation. He has an estimated net worth of $8.34  billion as of July 2017, according to Bloomberg.

After graduating from Stanford University with a degree on Economics, Schwab pursued an MBA Stanford Graduate School of Business. Schwab started his business by launching Investment Indicator together with two partners. Investment Indicator is an investment newsletter and at a time, it earned 3,000 subscribers that pay $84 a year for subscribing.

Later on, it evolved int0 First Commander Corporation which is a subsidiary of Commander Industries, Inc..In 1972, Charles Schwab purchased all the stocks and renamed the company to  Charles Schwab & Co., Inc. It was 1981 when the company was registered as a NYSE member. From then on, the number of clients rose from merely 147,000 to 222,000.

Currently, the company holds a total of 8.2 million client brokerage accounts that amass $1.65 trillion worth of assets. It operates in more than 300 offices across the United States,  and a branch in Honk Kong, Puerto Rico and London. The company can be reached via telephone and online.

With his $5.8 billion net worth, Forbes named Charles Schwab as one of the richest persons in the US. With 5 children, this American businessman is currently married to Helen.