No. 234United States
Charles Schwab
Discount brokerage · Woodside, California
Net worth
$13.3B
Today
−$39M−0.30%Past month
−$428M−3.12%As of Nov 11, 2026, 1:50 PM EST
Charles Schwab is co-chairman and founder of the brokerage firm that bears his name. The company averages more than 11 million trades per day across 40 million client accounts worth $13 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.
Net worth over time
−3.12%−$428M over the past month
$14B$13B$13B
Oct 12Nov 11
Principal holdings
3 positions| Company | Industry | Share | Value |
|---|---|---|---|
Charles Schwab Corp. NYSE: SCHW | Finance & Investments | 66.6% | $8.9B |
Private and other holdings | Finance & Investments | 33.3% | $4.4B |
Local Bounti Corp NYSE: LOCL | Finance & Investments | 0.1% | $14M |
Also known for
- An avid collector of modern and contemporary art, Schwab once chaired the board of the San Francisco Museum of Modern Art.
- Schwab, who found out that he's dyslexic when his son was diagnosed, donates to support research in learning differences.
- Schwab's initial venture into the investing world was through a subscriber-based newsletter, the Investment Indicator, that Schwab founded with friends in 1963.