Charles R. Schwab

At-a-Glance

Founder and chairman of the Charles Schwab Corporation
Pioneered discount sales of equity securities starting in 1975
Remains chairman and the largest shareholder of Charles Schwab Corporation
Semi-retired as CEO of Charles Schwab Corporation in 2008
Estimated net worth of $13.5 billion as of January 2026

Biography

Charles R. Schwab Sr. is an American investor and financial executive, best known as the founder and chairman of the Charles Schwab Corporation.

Born on July 29, 1937, he revolutionized the financial industry by pioneering discount sales of equity securities, beginning in 1975. Under his leadership, the Charles Schwab Corporation grew to become the largest discount securities dealer in the United States.