Charles Schwab Net Worth

Charles Schwab Net Worth : $10.4 Billion

Profile

An American Investor, Businessman and Founder of Charles Schwab Corporation

Nationality

American

Source of Wealth

Business, Brokering

Years of Experience

50 Years

Date of Birth

July 29, 1937

Education

MBA from Stanford University

Marital Status

Married

Children

5

Charles Schwab’s Income & Total Net Worth

Schwab is a California born entrepreneur with an estimated net worth of $10.4 billion. He is the founder of a banking and brokerage company, Charles Schwab Corporation. It has its 300 offices all over the U.S. As of March 2013, Schwab has been ranked 95th richest person in the United States.

Business Investment

Charles R. Schwab is the owner of an investment banking and broking company. He invested in U.S. Trust in 2000, which he purchased for $2.73 billion, but in 2006, because of some law suits on U.S Trust, Schwab sold it to the Bank of America for $3.3 billion.

In November 2003, he acquired Soundview Technology Group for $345 million.

In 2008, he left the position of CEO of his company, but, he still holds 15% shares of the company and continues to serve as its chairman.

Properties: Private Fortune

The founder and CEO of Charles Schwab Corporation lives in Woodside, California, in a grand mansion. His personal fortunes are nearly $4.3 billion.

Charles Schwab’s Career

Charles Schwab was born in Sacramento, California. In 1961, he did his MBA from Stanford University. In 1963, Schwab, with his two partners, launched an investment newsletter- Investment Indicator. In 1971, Charles, along with 4 others, bought all the stocks of Commander Industries, Inc. Later on, he became the sole possessor of all the stocks of Commander Industries and the company name was renamed as Charles Schwab & Co., Inc. In 1981, he became a member of the New York Stock Exchange (NYSE).

The company allows its clients to avail the services via telephone and online.

Philanthropy

Schwab, along with his wife Helen, is involved in philanthropy. He founded The Charles and Helen Schwab Foundation, which aims to provide assistance to the children, suffering from dyslexic.