Are you one of the customers of Charles Schwab and want to know more about the company? Do you also curious about the one behind this successful company? If the answer to the question is yes, then you are in the right place.
The name Charles Schwab takes after the founder of it known as Charles Robert Schwab. Aside from being the founder and the chairman of the Charles Schwab Corporation, this guy is also an American investor, a financial executive, and a philanthropist. In the year of 1975, Schwab pioneered discount sales of equity securities. His company was leading by far in this aspect.
In 2008, Charles Schwab retired as the CEO of Charles Schwab Corporation. As the former CEO and the major shareholder of the big company, are you wondering how much Charles Schwab’s net worth? Please read this entire article to know more. Before talking about the net worth of Charles Schwab, do you really know what is Charles Schwab’s net worth? According to a site named Investopedia, net worth can be defined as the amount by which assets exceed liabilities. Net worth is such a concept that applicable to individual like Charles Schwab as the key measure how much the entity is worth.
Basically, the net worth of Charles Schwab is the value of everything Charles Schwab own, minus the debts of his. So, what is Charles Schwab net worth? Forbes Magazine estimated the net worth of Schwab to be $8.2 billion. It was per February 2017. Those amounts put him as the 76th richest man on the Forbes 400. You can visit the official website of Charles Schwab to find the information related to Charles Schwab, including his net worth, what offered by the company, the brokerage account, and so on. Please contact the customer service if you cannot find the information you are looking for in the official website. The company has several contacts, so be sure to contact the right one.
With just looking at Charles Schwab’s net worth, it is no doubt that Charles Schwab is one of the most successful businessmen in the world. You can take the good thing from him and you also can look up at him if you want to be a successful one. Do you want to know more about him and his company? As one of the biggest banks and brokerage firms in the United States, Charles Schwab has 8 million clients in 300 different offices in the United States, one in Puerto Rico, and another in London. The company will be even bigger with the plan to expand the branches.
It seems like Charles Schwab Corporation is still going strong even after the founder who is also the CEO stepped down. In fact, he still serves as the chairman and not completely retired. As stated before, he is also the biggest individual shareholder with a roughly 15% stake. Right now, Charles Schwab has 19,000 employees and manages more than $1 trillion worth of client money worldwide.