Charles R.  Schwab net worth and biography

Charles Schwab Biography and Net Worth

Founder & Co-Chairman of Charles Schwab

Charles Schwab is an American investor and the founder of Charles Schwab Corporation, a leading financial services firm and a pioneer of the discount brokerage industry.

Founded in 1971 as First Commander Corporation, Schwab's company offered the perfect pairing of low prices and efficient executions. It was renamed Charles Schwab & Co. in 1973, and today, it’s the country’s largest publicly-traded investment firm, with over $4 trillion in client assets. 

Schwab is often credited with “democratizing” investments, having driven numerous innovations to help people improve their saving and investing. He challenged the industry status quo by doing away with commissions, markups and fees, and front-end loads, basing his business on discount per-trade fees.

Today, Charles Schwab Corp. provides full-service banking and investing to its clients and investors globally. Schwab has served as chairman since its founding, and he was CEO for most of the company’s history until he stepped down in 2008. 

Schwab is an active philanthropist as well. Together with his wife, he co-founded The Charles and Helen Schwab Foundation to support organizations in the areas of poverty prevention, education, health, and human services. He also served as chairman of the board for the San Francisco Museum of Modern Art for 10 years until 2018.

In 2008, President George W. Bush appointed Schwab chairman of the President's Advisory Council on Financial Literacy, an initiative that advised the president and the secretary of the treasury on methods to increase financial literacy. 

Schwab has also authored several best-selling books, including Invested: Changing Forever the Way Americans Invest; How to Be Your Own Stockbroker; Charles Schwab's Guide to Financial Independence; You're Fifty—Now What?; and It Pays to Talk, co-written with his daughter, Carrie Schwab-Pomerantz.

Schwab earned his B.A. in economics from Stanford University and his M.B.A from the Stanford Graduate School of Business. 

What is Charles R. Schwab's net worth?

The estimated net worth of Charles R. Schwab is at least $4.50 billion as of October 16th, 2024. Mr. Schwab owns 60,619,371 shares of Charles Schwab stock worth more than $4,504,625,459 as of December 21st. This net worth evaluation does not reflect any other assets that Mr. Schwab may own. Additionally, Mr. Schwab receives an annual salary of $2,520,000.00 as Founder & Co-Chairman at Charles Schwab. Learn More about Charles R. Schwab's net worth.

How old is Charles R. Schwab?

Mr. Schwab is currently 87 years old. There are 5 older executives and no younger executives at Charles Schwab. Learn More on Charles R. Schwab's age.

What is Charles R. Schwab's salary?

As the Founder & Co-Chairman of The Charles Schwab Co., Mr. Schwab earns $2,520,000.00 per year. There are 3 executives that earn more than Mr. Schwab. The highest earning executive at Charles Schwab is Mr. Walter William Bettinger II, CEO & Co-Chairman, who commands a salary of $5,620,000.00 per year. Learn More on Charles R. Schwab's salary.

How do I contact Charles R. Schwab?

The corporate mailing address for Mr. Schwab and other Charles Schwab executives is 211 MAIN STREET, SAN FRANCISCO CA, 94105. Charles Schwab can also be reached via phone at (817) 859-5000 and via email at [email protected]. Learn More on Charles R. Schwab's contact information.

Has Charles R. Schwab been buying or selling shares of Charles Schwab?

During the last quarter, Charles R. Schwab has sold $4,521,259.40 of Charles Schwab stock. Most recently, Charles R. Schwab sold 62,345 shares of the business's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a transaction totalling $4,521,259.40. Following the completion of the sale, the chairman now directly owns 60,619,371 shares of the company's stock, valued at $4,396,116,784.92. Learn More on Charles R. Schwab's trading history.

Who are Charles Schwab's active insiders?

Charles Schwab's insider roster includes Jonathan Beatty (Managing Director, Head of Advisor Services), Walter Bettinger (CEO), Marianne Brown (Director), Marie Chandoha (CEO), Bernard Clark (EVP), Jonathan Craig (EVP), Peter Crawford (CFO), Joan Dea (Director), Christopher Dodds (Director), Mark Goldfarb (Director), William Haraf (Director), Frank Herringer (Director), Terri Kallsen (EVP), Joseph Martinetto (COO), Stephen McLin (Director), Peter Morgan, III (EVP), Nigel Murtagh (EVP), Todd Ricketts (Director), Charles Ruffel (Director), Charles Schwab (Founder & Co-Chairman), Carolyn Schwab-Pomerantz (Director), Paula Sneed (Director), Roger Walther (Director), Paul Woolway (Managing Director, Chief Banking Officer), and Richard Wurster (President). Learn More on Charles Schwab's active insiders.

Are insiders buying or selling shares of Charles Schwab?

In the last twelve months, Charles Schwab insiders bought shares 2 times. They purchased a total of 35,000 shares worth more than $2,277,000.00. In the last twelve months, insiders at the financial services provider sold shares 42 times. They sold a total of 1,093,851 shares worth more than $78,497,840.13. The most recent insider tranaction occured on November, 25th when insider Jonathan S Beatty sold 2,300 shares worth more than $188,623.00. Insiders at Charles Schwab own 6.6% of the company. Learn More about insider trades at Charles Schwab.

Information on this page was last updated on 11/25/2024.

Charles R. Schwab Insider Trading History at Charles Schwab

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
10/16/2024Sell62,345$72.52$4,521,259.4060,619,371View SEC Filing Icon  
7/31/2024Sell67,386$65.11$4,387,502.4660,619,371View SEC Filing Icon  
5/14/2024Sell65,360$76.89$5,025,530.4060,741,536View SEC Filing Icon  
5/6/2024Sell65,790$76.40$5,026,356.0060,906,686View SEC Filing Icon  
5/3/2024Sell66,225$75.51$5,000,649.7560,972,476View SEC Filing Icon  
4/29/2024Sell59,906$74.78$4,479,770.6861,038,701View SEC Filing Icon  
4/26/2024Sell59,905$74.96$4,490,478.8061,098,607View SEC Filing Icon  
4/22/2024Sell89,275$74.62$6,661,700.5030,641,981View SEC Filing Icon  
2/22/2024Sell58,500$64.60$3,779,100.0061,192,538View SEC Filing Icon  
2/15/2024Sell71,226$64.99$4,628,977.7461,251,038View SEC Filing Icon  
1/24/2024Sell16,390$63.94$1,047,976.6061,331,688View SEC Filing Icon  
7/26/2023Sell75,760$66.60$5,045,616.0059,672,778View SEC Filing Icon  
7/24/2023Sell72,047$66.66$4,802,653.0259,748,538View SEC Filing Icon  
5/22/2023Sell77,640$51.76$4,018,646.4059,771,278View SEC Filing Icon  
2/13/2023Sell95,030$81.04$7,701,231.2060,002,584View SEC Filing Icon  
2/8/2023Sell62,500$81.54$5,096,250.0030,731,256View SEC Filing Icon  
2/6/2023Sell188,670$80.07$15,106,806.9030,856,646View SEC Filing Icon  
2/3/2023Sell129,030$79.76$10,291,432.8030,982,426View SEC Filing Icon  
2/1/2023Sell121,066$77.84$9,423,777.4460,223,399View SEC Filing Icon  
11/18/2022Sell132,050$79.66$10,519,103.0031,111,456View SEC Filing Icon  
11/11/2022Sell132,050$78.29$10,338,194.5031,159,531View SEC Filing Icon  
11/4/2022Sell135,000$79.26$10,700,100.0069,022,467View SEC Filing Icon  
10/31/2022Sell135,000$79.49$10,731,150.0069,184,882View SEC Filing Icon  
7/28/2022Sell149,600$65.36$9,777,856.0069,749,230View SEC Filing Icon  
7/20/2022Sell120,000$62.70$7,524,000.0071,083,305View SEC Filing Icon  
2/22/2022Sell156,860$85.93$13,478,979.80View SEC Filing Icon  
2/17/2022Sell58,140$86.63$5,036,668.20View SEC Filing Icon  
2/10/2022Sell30,873$95.50$2,948,371.50View SEC Filing Icon  
2/7/2022Sell119,280$92.59$11,044,135.20View SEC Filing Icon  
2/3/2022Sell119,280$90.20$10,759,056.00View SEC Filing Icon  
2/1/2022Sell1,420$89.43$126,990.60View SEC Filing Icon  
1/10/2022Sell60,000$90.07$5,404,200.00View SEC Filing Icon  
12/27/2021Sell60,000$85.43$5,125,800.00View SEC Filing Icon  
12/20/2021Sell60,000$80.61$4,836,600.00View SEC Filing Icon  
11/22/2021Sell49,100$82.43$4,047,313.00View SEC Filing Icon  
11/18/2021Sell49,100$81.90$4,021,290.00View SEC Filing Icon  
11/15/2021Sell49,100$81.97$4,024,727.00View SEC Filing Icon  
11/8/2021Sell1,973$81.75$161,292.75View SEC Filing Icon  
11/1/2021Sell61,350$81.67$5,010,454.50View SEC Filing Icon  
10/29/2021Sell150,000$82.02$12,303,000.00View SEC Filing Icon  
10/27/2021Sell768$83.00$63,744.00View SEC Filing Icon  
10/25/2021Sell23,698$83.05$1,968,118.90View SEC Filing Icon  
10/22/2021Sell120,000$82.56$9,907,200.00View SEC Filing Icon  
10/20/2021Sell185,250$81.18$15,038,595.00View SEC Filing Icon  
10/18/2021Sell13,000$80.34$1,044,420.00View SEC Filing Icon  
10/11/2021Sell28,000$78.50$2,198,000.00View SEC Filing Icon  
10/4/2021Sell28,000$74.47$2,085,160.00View SEC Filing Icon  
9/27/2021Sell28,000$77.04$2,157,120.00View SEC Filing Icon  
9/22/2021Sell14,000$70.02$980,280.00View SEC Filing Icon  
9/13/2021Sell21,691$71.80$1,557,413.80View SEC Filing Icon  
9/7/2021Sell28,000$71.91$2,013,480.00View SEC Filing Icon  
8/30/2021Sell28,000$75.10$2,102,800.00View SEC Filing Icon  
8/25/2021Sell70,000$74.49$5,214,300.00View SEC Filing Icon  
8/23/2021Sell28,000$72.31$2,024,680.00View SEC Filing Icon  
8/16/2021Sell28,000$72.54$2,031,120.00View SEC Filing Icon  
8/13/2021Sell70,000$74.14$5,189,800.00View SEC Filing Icon  
8/9/2021Sell28,000$71.92$2,013,760.00View SEC Filing Icon  
8/6/2021Sell81,400$71.21$5,796,494.00View SEC Filing Icon  
7/21/2021Sell2,600$70.00$182,000.00View SEC Filing Icon  
7/12/2021Sell25,701$70.94$1,823,228.94View SEC Filing Icon  
7/6/2021Sell16,400$71.82$1,177,848.00View SEC Filing Icon  
6/28/2021Sell28,000$72.99$2,043,720.00View SEC Filing Icon  
6/21/2021Sell28,000$71.30$1,996,400.00View SEC Filing Icon  
6/14/2021Sell28,000$73.05$2,045,400.00View SEC Filing Icon  
6/7/2021Sell28,000$75.43$2,112,040.00View SEC Filing Icon  
6/1/2021Sell28,000$74.71$2,091,880.00View SEC Filing Icon  
5/17/2021Sell70,000$72.64$5,084,800.00View SEC Filing Icon  
5/14/2021Sell44,380$72.00$3,195,360.00View SEC Filing Icon  
4/28/2021Sell100,000$69.87$6,987,000.00View SEC Filing Icon  
4/26/2021Sell47,249$68.00$3,212,932.00View SEC Filing Icon  
4/22/2021Sell300,000$65.59$19,677,000.00View SEC Filing Icon  
2/22/2021Sell266,000$62.61$16,654,260.00View SEC Filing Icon  
2/18/2021Sell70,000$60.91$4,263,700.00
2/16/2021Sell300,000$60.93$18,279,000.00View SEC Filing Icon  
2/12/2021Sell325,000$57.82$18,791,500.00View SEC Filing Icon  
2/4/2021Sell298,784$54.46$16,271,776.64
12/24/2020Sell98,870$52.05$5,146,183.50View SEC Filing Icon  
12/17/2020Sell98,870$51.48$5,089,827.60View SEC Filing Icon  
12/10/2020Sell98,870$49.86$4,929,658.20View SEC Filing Icon  
12/3/2020Sell98,870$50.49$4,991,946.30View SEC Filing Icon  
11/27/2020Sell98,870$49.81$4,924,714.70View SEC Filing Icon  
11/19/2020Sell98,870$46.87$4,634,036.90
11/16/2020Sell60,921$47.10$2,869,379.10View SEC Filing Icon  
11/13/2020Sell22,120$45.17$999,160.40
11/11/2020Sell180,879$47.10$8,519,400.90View SEC Filing Icon  
11/9/2020Sell202,040$45.34$9,160,493.60View SEC Filing Icon  
10/29/2020Sell66,288$37.74$2,501,709.12View SEC Filing Icon  
8/5/2020Sell200,000$34.11$6,822,000.00View SEC Filing Icon  
7/30/2020Sell65,056$33.19$2,159,208.64View SEC Filing Icon  
2/11/2020Sell8,500$47.76$405,960.00View SEC Filing Icon  
2/3/2020Sell220,000$45.73$10,060,600.00View SEC Filing Icon  
1/30/2020Sell327,360$47.19$15,448,118.40View SEC Filing Icon  
11/26/2019Sell300,000$49.01$14,703,000.00View SEC Filing Icon  
9/11/2019Sell105,422$42.03$4,430,886.66View SEC Filing Icon  
9/5/2019Sell105,422$40.08$4,225,313.76View SEC Filing Icon  
5/3/2019Sell56,280$46.27$2,604,075.60View SEC Filing Icon  
4/29/2019Sell250,000$45.97$11,492,500.00View SEC Filing Icon  
4/25/2019Sell250,000$45.56$11,390,000.00View SEC Filing Icon  
4/22/2019Sell250,000$45.29$11,322,500.00View SEC Filing Icon  
2/1/2019Sell250,000$47.04$11,760,000.00View SEC Filing Icon  
11/15/2018Sell383,000$46.97$17,989,510.00View SEC Filing Icon  
7/24/2018Sell190,500$52.75$10,048,875.00View SEC Filing Icon  
5/21/2018Sell210,750$59.45$12,529,087.50View SEC Filing Icon  
5/16/2018Sell101,970$59.13$6,029,486.10View SEC Filing Icon  
5/9/2018Sell300,000$57.99$17,397,000.00View SEC Filing Icon  
5/7/2018Sell450,000$56.65$25,492,500.00View SEC Filing Icon  
5/4/2018Sell200,000$56.19$11,238,000.00View SEC Filing Icon  
4/25/2018Sell200,000$54.60$10,920,000.00View SEC Filing Icon  
4/23/2018Sell250,000$54.99$13,747,500.00View SEC Filing Icon  
2/14/2018Sell74,450$52.17$3,884,056.50View SEC Filing Icon  
1/29/2018Sell240,000$54.03$12,967,200.00View SEC Filing Icon  
1/24/2018Sell240,000$55.13$13,231,200.00View SEC Filing Icon  
1/18/2018Sell300,000$55.31$16,593,000.00View SEC Filing Icon  
11/29/2017Sell211,620$48.30$10,221,246.00View SEC Filing Icon  
11/16/2017Sell350,000$44.65$15,627,500.00View SEC Filing Icon  
11/10/2017Sell200,000$44.29$8,858,000.00View SEC Filing Icon  
10/26/2017Sell5,065$44.78$226,810.70View SEC Filing Icon  
10/24/2017Sell225,000$44.89$10,100,250.00View SEC Filing Icon  
8/4/2017Sell290,000$43.27$12,548,300.00View SEC Filing Icon  
8/1/2017Sell350,000$43.10$15,085,000.00View SEC Filing Icon  
7/31/2017Sell26,000$42.80$1,112,800.00View SEC Filing Icon  
4/26/2017Sell300,000$40.25$12,075,000.00View SEC Filing Icon  
2/15/2017Sell738,000$41.58$30,686,040.00View SEC Filing Icon  
11/29/2016Sell16,000$38.51$616,160.00View SEC Filing Icon  
11/9/2016Sell600,000$33.28$19,968,000.00View SEC Filing Icon  
11/8/2016Sell32,210$32.50$1,046,825.00View SEC Filing Icon  
4/27/2016Sell50,950$29.88$1,522,386.00View SEC Filing Icon  
4/21/2016Sell560,000$29.02$16,251,200.00View SEC Filing Icon  
10/20/2015Sell250,000$29.08$7,270,000.00View SEC Filing Icon  
10/19/2015Sell100,000$28.50$2,850,000.00View SEC Filing Icon  
5/22/2015Sell400,000$31.54$12,616,000.00View SEC Filing Icon  
4/27/2015Sell1,047,300$30.23$31,659,879.00View SEC Filing Icon  
4/23/2015Sell1,260,000$30.48$38,404,800.00View SEC Filing Icon  
2/3/2015Sell722,391$27.33$19,742,946.03View SEC Filing Icon  
1/28/2015Sell277,609$27.23$7,559,293.07View SEC Filing Icon  
1/27/2015Sell77,209$27.00$2,084,643.00View SEC Filing Icon  
1/26/2015Sell200,000$27.31$5,462,000.00View SEC Filing Icon  
11/20/2014Sell1,000,000$28.51$28,510,000.00View SEC Filing Icon  
11/17/2014Sell500,000$28.73$14,365,000.00View SEC Filing Icon  
11/12/2014Sell500,000$28.90$14,450,000.00View SEC Filing Icon  
11/6/2014Sell250,000$28.79$7,197,500.00View SEC Filing Icon  
11/4/2014Sell500,000$28.46$14,230,000.00View SEC Filing Icon  
10/30/2014Sell750,000$27.63$20,722,500.00View SEC Filing Icon  
7/25/2014Sell280,000$27.54$7,711,200.00View SEC Filing Icon  
7/24/2014Sell720,000$27.63$19,893,600.00View SEC Filing Icon  
7/18/2014Sell487,466$27.45$13,380,941.70View SEC Filing Icon  
10/23/2013Sell566,973$23.43$13,284,177.39View SEC Filing Icon  
11/13/2012Sell1,000,000$12.90$12,900,000.00View SEC Filing Icon  
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Charles R. Schwab Buying and Selling Activity at Charles Schwab

This chart shows Charles R Schwab's buying and selling at Charles Schwab by year and by quarter.

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Charles Schwab Company Overview

Charles Schwab logo
The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services. It offers brokerage accounts with equity and fixed income trading, margin lending, options trading, futures and forex trading, and cash management capabilities, including certificates of deposit; third-party mutual funds through the Mutual Fund Marketplace and Mutual Fund OneSource service, as well as mutual fund trading and clearing services to broker-dealers; exchange-traded funds; advisory solutions for managed portfolios, separately managed accounts, customized personal advice for tailored portfolios, specialized planning, and full-time portfolio management; banking products comprising checking and savings accounts, first lien residential real estate mortgage loans, home equity lines of credit, and pledged asset lines; and trust custody services, personal trust reporting services, and administrative trustee services. It also provides digital retirement calculators; integrated web-, mobile-, and software-based trading platforms, real-time market data, options trading, premium research, and multi-channel access; self-service education and support tools; online research and analysis tools; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; retirement plan services; mutual fund clearing services; and advisor services, including interactive tools and educational content. The Company operates through branch offices. The Charles Schwab Corporation was incorporated in 1971 and is headquartered in Westlake, Texas.
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Today's Range

Now: $74.31
Low: $73.32
High: $75.00

50 Day Range

MA: $76.77
Low: $67.87
High: $82.83

2 Week Range

Now: $74.31
Low: $59.67
High: $83.35

Volume

12,219,728 shs

Average Volume

8,085,971 shs

Market Capitalization

$132.25 billion

P/E Ratio

29.03

Dividend Yield

1.35%

Beta

0.96