Charles Schwab Net Worth

Net Worth: $8.69 Billion
  • Source of Wealth:

    Charles Schwab Corporation
  • Age:

  • Birth Place:

    Sacramento, California, U.S.
  • Marital Status:

    Married (Helen O'Neill)
  • Full Name:

    Charles Robert Schwab, Jr.
  • Nationality:

    United States
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About Charles Robert Schwab, Jr.

A well-known philanthropist, Charles Schwab is an American investor, and businessman who founded the Charles Schwab Corporation. He has an estimated net worth of $8.69  billion as of May 2019.

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 current 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.