Unraveling Bettinger’s Financial Success
Walter Bettinger, the CEO of Charles Schwab, has built a substantial fortune through a combination of astute investments and strategic leadership.
With an estimated net worth of $118 million, Bettinger’s primary source of wealth is his significant ownership of Charles Schwab stock. He owns over 827,000 shares, worth approximately $66 million.
Bettinger’s stock ownership has increased substantially over the past two decades, reflecting his belief in the company’s long-term potential. He has also made savvy stock transactions, selling over $49 million worth of SCHW shares over the years.
Annual Compensation as Charles Schwab CEO
In 2023, Bettinger received $23.9 million in compensation as CEO of Charles Schwab. This includes his salary, stock-based incentives, and other perks. While a substantial amount, Bettinger’s compensation is modest compared to other top executives in the financial industry.
Philanthropy and Community Involvement
Despite his considerable wealth, Bettinger is committed to philanthropy and giving back to the community. He believes strongly in the importance of education, housing, and financial literacy.
Bettinger and his wife, Teri, founded the Walt & Teri Bettinger Foundation in 1999. The foundation supports various non-profit organizations, including United Way, Habitat for Humanity, and financial literacy programs.
The Bettingers are also actively involved in their local community in Ohio, supporting a range of initiatives and causes.
Family and Personal Life
Walter Bettinger is happily married to Teri Bettinger, and they have five children. They have been married for many years and prioritize family time and community involvement.