Charles Schwab Net Worth
Charles Schwab Net Worth: Charles Schwab is an American businessman and investor who has a net worth of $8 billion dollars. Charles Schwab is the founder of the Charles Schwab Corporation, a discount brokerage firm with approximately 8 million clients in 300 different offices in the U.S., one in Puerto Rico, and another in London. He was born Charles Robert Schwab, Jr. on July 29, 1937, in Sacramento, California. Even though he left the CEO position of his eponymous firm in 2008, he still serves as the chairman and the largest individual shareholder, with a roughly 15% stake. Ever since he founded the company in a two-room office in 1971, he has witnessed its expansion especially after becoming the pioneer in the world of online investing. Today, his San Francisco-based firm numbers 19,000 employees and manages more than $1 trillion worth of client money worldwide. At the age of 40, he found out that he was dyslexic, only later to learn that his son suffers from the same learning disorder. This led to the formation of The Charles and Helen Schwab Foundation, which provides grants to dyslexic children. As the name suggests, he set up the foundation together with his wife Helen, with whom he has five children. Schwab is a knight of the undergraduate college fraternity, Sigma Nu.