Charles Schwab turned 2,600-acre Montana ranch into private golf retreat
Charles Schwab, the founder of discount brokerage firm Charles Schwab, transformed a 2,600-acre horse ranch in Montana into a private golf retreat. The ranch, known as Stock Farm, was originally owned by copper king Marcus Daly. Schwab spent approximately 30 million dollars on the property, restoring it to its original state with red barns, clapboard structures, and log cabins.
The project included an 18-hole golf course designed by links legend Tom Fazio, which was set to open in 1998. Schwab offered 350 memberships for the club, each priced at 40,000 dollars, and 96 lots for sale, ranging from one to 35 acres and priced between 250,000 dollars and 1 million dollars. Schwab stated that the project was not about making money, but rather a personal undertaking. As of October 1998, the sales of memberships and lots were still in progress.
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