Charles Schwab: A Fortune Built on Financial Services
Early Beginnings
Charles Schwab is the co-chairman and founder of the brokerage firm that bears his name. The Charles Schwab Corporation was formed in 1971 and has since become one of the largest financial services companies in the United States.
Wealth and Philanthropy
As of February 2017, Schwab was worth an estimated $82 billion according to Forbes. He is a generous philanthropist and has donated millions of dollars to various charities and organizations. The Charles and Helen Schwab Foundation was formed in 1987 and has reported assets of over $270 million.
Business Success
The Charles Schwab Corporation offers a wide range of financial services, including banking, commercial banking, investing, and related services. The company averages over 5 million trades per day across 34 million client accounts worth $82 billion. Since the company's initial public offering in 1987, Schwab has collected over $35 billion from share sales and dividends.
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