Charles R Schwab is a founder of Charles Schwab Cooperation, a discount brokerage House, in 1971 which later became one of the best discount brokerage firms. Charles Schwab is a part of many investment companies like he is the Chairman of Charles Schwab & CO and Charles Schwab Bank and trustee of many investment firms such as Schwab Capital Trust, Schwab Investment, Charles Schwab Family of Funds, Schwab Annuity Portfolios.
The great entrepreneur was born in 1937 in Sacramento. He had secured his degree in Bachelors of Arts from Stanford University, majoring in Economics in 1959. In 1961 he completed his Master’s in Business Administration from Stanford Graduate School of Business. He currently lives in San Francisco with his wife and five children.
The Charles Schwab Corporation was incorporated in 1986 and Charles Schwab has been its Chairman and Director since its inception. He had been CEO of Charles Schwab& CO on and off like from 1986 to 1997 he had been Firm’s CEO. Then he served as Co-Chief Executive Officer from 1998 to 2004. He resumed as CEO in 2004 till 2008.
Charles is also involved in the charity work through various volunteer programs and non-profit activities. He was diagnosed with dyslexic, a reading and learning disorder, when he was 40 years old. Through him it was transferred to his son as well. This is the reason he co-founded a Charles Helen Schwab Foundation along with his wife; and organization is responsible for supporting education, human services, poverty prevention and health. He is also Chairman of a San Francisco Museum of Modern Art.
The net worth of Charles is $5.8 billion dollars and this Business Tycoon was named as President’s Advisory Council on Financial Literacy by the ex-President of US, George W. Bush. He has written many books with his daughter, Carrie Schwab. Books are named Pays To Talk, Charles’s Schwab Guide to Financial Independence and You’re Fifty- Now What?
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