Charles Schwab (#246)
- $ 13 B
- Discount brokerage
- United States
- M
- 88 Years
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About Me
Charles Schwab is co-chairman and founder of the brokerage firm that bears his name. The company averages more than 7 million trades per day across 38 million client accounts worth $11 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.
Achievements
Career Highlights
A snapshot of the defining milestones, leadership decisions, and breakthroughs that shaped Charles Schwab’s rise and global influence.
Wealth Growth
Net Worth Growth Over Time
Tracking Charles Schwab’s net worth journey over the years, highlighting key growth phases and financial milestones.
Current Net Worth: $12.7B
(May 4, 2026)
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