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Fortune

Chloe Taylor

SVB collapse eats into billionaire Charles Schwab’s fortune, with his wealth plunging more than any other American billionaire’s in 2023

Charles Schwab SVB Silicon Valley Bank Walt Bettinger Charles Schwab Corp

Charles Schwab Corp. founder and chairman Chuck Schwab speaks during the grand opening of the new Charles Schwab flagship branch October 27, 2009 in San Francisco, California. (Credit: Justin Sullivan/Getty Images)

Billionaire brokerage founder Charles Schwab has seen his personal fortune plummet in the aftermath of Silicon Valley Bank’s collapse over the weekend.

According to the Bloomberg Billionaires Index, which monitors the real-time wealth of the richest people on earth, Schwab has personally lost around $3 billion in the wake of SVB’s failure.

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