Networth: 10 Billion
Country: United States
Industry: Finance & Investments
Charles Schwab is chairman and founder of the brokerage firm that bears his name.The company averages 6 million trades per day across 33 million client accounts worth $7.8 trillion.Schwab was CEO of the business until 2008 and still owns about 7% 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.
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