Charles Schwab is an American investor, financial executive, and philanthropist. He is the founder and chairman of the Charles Schwab Corporation. He pioneered discount sales of equity securities starting in 1975.
His company became by far the largest discount securities dealer in the United States. He retired as CEO in 2008, but remains chairman and is the largest shareholder.
As of February 2017, his net worth is estimated by Forbes Magazine to be $8.2 billion, making him 76th richest man on the Forbes 400.