Rodger O. Riney Net Worth

Rodger O. Riney has an estimated net worth of $4.8 billion, according to Forbes Real-Time Billionaires, Rodger O. Riney profile (figures as of October 20, 2026). That is up from $3.4 billion in 2019.

Rodger O. Riney is an American businessman and the cofounder of Scottrade, the discount brokerage that is now part of Charles Schwab. Born in 1945, he got his first taste of investing when his grandparents gave him shares of a stock. He earned a civil engineering degree and an MBA from the University of Missouri and interned at Edward Jones. Forbes counts him as self-made.

After college, Riney turned down a job at a top engineering firm and took a lower paying job at a Missouri investment company instead. When the brokerage industry was deregulated in 1975, he saw a chance to offer trades with lower commissions. In 1980 he quit his job, drove 1,500 miles from St. Louis to Scottsdale, Arizona, and started Scottsdale Securities, the firm that became Scottrade.

How Rodger Riney built his fortune

Riney grew Scottrade steadily with a careful, conservative style. In 1981 he moved back to St. Louis and opened a second branch, and in 1985 he bought out his partner. In 1996 the company launched its website and online trading platform, which set off a long run of rapid growth in trades. Fortune regularly named Scottrade one of its 100 best companies to work for.

Over the years, Scottrade grew to 3 million client accounts with a total of $170 billion in assets. In 2017 Riney sold the firm to TD Ameritrade for $4 billion, the deal that cemented his fortune. TD Ameritrade itself later became part of Charles Schwab. Since the sale, his family office Lightchain has invested in businesses such as Arch Oncology, a cancer drug startup.

How Forbes has valued Rodger Riney

Forbes valued Riney at $3.4 billion in 2019 and $3.6 billion in each of 2020, 2021 and 2022. His figure slipped to $3.3 billion in 2023, then returned to $3.6 billion in 2024. Since then it has climbed every year, to $3.9 billion in 2025 and $4.2 billion on the 2026 World's Billionaires List.

As of October 20, 2026, Forbes' real-time billionaires tracker showed $4.8 billion, his highest figure so far. Riney and his wife, Paula, are also major donors to medical research. Forbes says he has given $40 million to Washington University in St. Louis to research blood cancer and develop treatments for neurodegenerative illnesses.