He was born on 29th July 1937 in Sacramento California United States. He is hence currently 82years old.
Charles Schwab Bio: Age, Early Life, Education Details
He attended Santa Barbara High School in Santa Barbara California. He also actively participated in sports where he was the captain of the Golf team. He attended Pre-college School at Holy Today Academy in Woodland, California.
He made a smart choice by opting to pursue Bachelor of Arts in Economics from Stanford University and graduated in the year 1959 which enabled him acquire more efficient skills of running his corporation. Accordingly, he went to do his Masters in Bachelor of Arts from Stanford Graduate School of Business and got his degree in 1961.He was also the sigma NU fraternity’s Knight.
Charles Schwab Career Details
He is an American Investor and financial executive of full- service investment firm with technology. He is the founder of Charles Schwab Corporation named after him in 1972 when he bought all the stock from what was once known as Commander Industries. The Corporation became the largest discounting securities dealer in the United States.
He was the Chief Executive Officer of the corporation until 2008 when he retired but remains Chairman and is the largest shareholder at stake.
He founded the firm as a traditional bricks-and – Mortar brokerage in 1971, starting with $ 100 borrowed from his Uncle.
He is determined at his work since at 26years, he began writing an investment newsletter which earned 3000 subscribers and cost them $84 pretty annum as a subscription.
He continued excelling hence in 1971; he opened a brokerage company in San Francisco as the First Commander Corporation.
In 1973, he bought all the stocks and changed the name of this Company to Charles Schwab and Corporation. In 1975, another branch of the Schwab Corporation was opened in Sacramento, California by Charles Schwab.
In 1981, was the year when this Company got registered as a member of New York City Stock Exchange which became a public entity in 2005 following the acquisition of electronic trading exchange of Archipelago. His first International office was set up in Hong Kong, China. This Company roughly holds about 8.2million brokerage account of clients and is near $ 1.65 trillion worth of assets.
Charles Schwab Net Worth
After going through his entire successful career, it is not so difficult to understand that he is one of the richest people in the United States.
As of this year, his current net worth is approximately $10.5 billion. Most of his earnings come from the Charles Schwab Corporation. He is a true inspiration for individuals who aspire to be in the field of investment and become entrepreneurs.
Charles Schwab Dating History
His dating life is not fully revealed but has ever been in a relationship with Susan Schwab whom he later divorced before dating a second girlfriend named Helen who later became his second wife and lived with her till now.
Charles Schwab Marriage Details
Schwab has been married twice. He had three Children with his first wife Susan Schwab whom he divorced in 1970.
He re-married to Helen O’Neil with whom he has two children. Currently, Charles and Helen reside in Woodside, California.
Charles Schwab Religion
He is an active Christian believer.
Charles Schwab Political Involvement
He is an active Republican who has donated heavily to the party including the National Republican Senatorial Committee and the National Congressional Committee. It is also currently the ruling Party in the United States under President Donald Trump.
Charles Schwab Parents
He was born to Lloyd Schwab who is his Father and Terrie Schwab who is his Mother. They lived in California, United States.
Charles Schwab Children
He had five children named Charles Schwab Junior “known as Sandy”, Carrie Schwab –Pomerantz and Virginia Schwab from his marriage with Susan Schwab.
Carrie is married to author Gary Pomerantz.She is a President of the Charles and Helen Schwab Foundation and also served as a Council member on former President Obama Advisory Council on Financial Capability.
He had two children with his second wife Helen O’Neil, Michael Schwab and Helen Schwab making all of them a total of five children.
Charles Schwab Body Measurements
His height is approximately 1.67 meters. Body weight is approximately 76 kilograms. His color type is black
Charles Schwab Cars And Houses
He owns Jaguar, Mercedes Benz, BMW and Limousine vehicles among others. He bought a $ 27.7 million Apartment at 834 Fifth Ave in Manhattan, where he previously owned a residence. He also has a residence in New York City.