Legendary investor caddied as a youth in California
GLENVIEW, Ill. – Legendary investor Charles Schwab was inducted into the Caddie Hall of Fame on May 25 in recognition of the role caddying has played in his life and how it inspired professional success and a lifelong love of the game of golf.
The Caddie Hall of Fame, run by the Western Golf Association (WGA) since 2011, highlights the tradition and importance of caddying by recognizing and celebrating individuals who have devoted their lives to the game of golf through caddying, by supporting the role of caddies, or who have used their experiences as a youth caddie to help them achieve professional success.
Schwab was inducted by WGA leaders at the Charles Schwab Challenge, a PGA TOUR event that is played annually at Colonial Country Club in Fort Worth, Texas.
“We are honored to induct Charles Schwab into the Caddie Hall of Fame, a person who has achieved such tremendous success in life, has done so much for the game of golf and who caddied as a young man,” said Jeff Harrison, WGA and ESF Senior Vice President, Advisory & Special Initiatives at the presentation. “He has used the great life lessons he learned as a caddie as a steppingstone to many extraordinary achievements. We are inspired by his commitment to – and lifelong love of – the game of golf, as well as his support of youth caddies.”
As a youth, Schwab caddied at Montecito Club in Santa Barbara, California, and used his earnings to make early investments. Schwab remains an avid golfer and founded the Stock Farm Club in Montana, which has produced two Evans Scholarship recipients.
“Caddying, for me, was a necessity. I was able to learn about rules, boundaries and good behavior,” said Schwab. “I had a great appreciation for the men I caddied for; they gave me a lot of things that really helped me in my career from the beginning. Caddying was a great opportunity.”
Past inductees of the Caddie Hall of Fame include Jack Nicklaus and Tom Watson, Charles “Chick” Evans, Francis Ouimet, Steve Williams, Jim “Bones” Mackay, Bill Murray and Mike Keiser.
The WGA also oversees the ESF, which awards full housing and tuition college scholarships to youth caddies nationwide. Through Stock Farm Club, Schwab has supported the work of youth caddies and filmed a video congratulating Luke Schlimgen on earning the Evans Scholarship.