Rodger Riney & family

$4.20 B

Ranked #983 in World

About Rodger Riney & family

Rodger O. Riney, American billionaire and Scottrade founder, was born in 1945 and initiated into the stock market during his youth. He earned a civil engineering degree and an MBA from University of Missouri. Post-internship at Edward Jones Investments, Riney capitalized on the deregulated brokerage scene in 1975. He launched Scottsdale Securities in 1980, and by introducing a digital platform in 1996, he significantly grew the business, leading to its acquisition by TD Ameritrade in 2017. With a Forbes 400 #225 rank and a $3.6 billion net worth, Riney is also a notable philanthropist, contributing over $131 million to medical research and non-profits, focusing on multiple myeloma, from which he suffers, and other diseases.

Born

January 01, 1946

Age

80 years

Source Of Wealth

Discount Brokerage

Industries

Finance & Investments

Citizenship

United States

Residence

St. Louis, Missouri

Education

Bachelor of Arts/Science, University of Missouri; Master of Business Administration, University of Missouri

Rodger O. Riney was born in 1945. He was introduced to the stock market at a young age by his grandparents, who sparked his interest in investing. Riney went on to earn a Bachelor of Science in civil engineering and an MBA from the University of Missouri. During his studies, he gained valuable experience by interning at Edward Jones Investments.

Rodger Riney & family: Family

Rodger Riney is married to Paula, and they are active members of Kirkwood Baptist Church in St. Louis County, Missouri.

Rodger Riney & family: Career Highlights

Riney saw an opportunity in the deregulated brokerage industry in 1975 and founded Scottsdale Securities in Scottsdale, Arizona, in 1980. He opened a second branch in St. Louis in 1981. In 1996, Riney launched Scottrade's website and electronic trading platform, which led to significant growth for the company. Known for his conservative management methods, Scottrade consistently ranked among Fortune's 100 Best Companies to Work For.

In September 2017, Scottrade was acquired by TD Ameritrade. Riney continued to make strategic investments, such as investing in Arch Oncology, a cancer drug startup, through his family office Lightchain in March 2019. He also serves on the Board of Directors of the Multiple Myeloma Research Foundation.

Rodger Riney & family: Companies

Scottrade
TD Ameritrade
Arch Oncology
Lightchain

Rodger Riney & family: Major Achievements

Founded Scottrade, which became a leading online brokerage firm.
Launched Scottrade's website and electronic trading platform, revolutionizing the way investors trade stocks.
Led Scottrade to consistent rankings among Fortune's 100 Best Companies to Work For.
Successfully sold Scottrade to TD Ameritrade for $4 billion in 2017.

Rodger Riney & family: Awards & Achievements

Ranked #225 on the Forbes 400 2019 list, with a net worth of $3.6 billion.
Recognized by the St. Louis Business Journal as one of the "Most Influential Business Leaders" in 2017.
Inducted into the Missouri Business Hall of Fame in 2018.

Rodger Riney & family: Personal Life & Legacy

Rodger Riney is known for his philanthropic efforts. In 2017, he donated $131 million to various causes after selling Scottrade. He actively supports non-profit organizations, including the Alzheimer's Association. In 2019, he and his wife Paula donated $15 million to research on treatments for Alzheimer's and Parkinson's disease. Riney has also made significant contributions to multiple myeloma research, donating $5 million in 2017 and $20 million in 2018 to the Washington University School of Medicine. In 2020, the Paula and Rodger Riney Foundation made a $16.5 million gift to the Dana-Farber Cancer Institute for multiple myeloma research.

Rodger Riney & family: Trivia

Riney is an avid golfer and enjoys spending time with his family.
He is a licensed pilot and owns a private plane.
Riney is a strong advocate for cancer research and has personally battled multiple myeloma.

Wealth History

Timeline

1945

Rodger O. Riney was born.

1975

Riney saw an opportunity in the deregulated brokerage industry.

1980

Riney founded Scottsdale Securities in Scottsdale, Arizona.

1981

Riney opened a second branch of Scottsdale Securities in St. Louis.

1996

Riney launched Scottrade's website and electronic trading platform.

2017

Scottrade was acquired by TD Ameritrade.

2017

Riney donated $131 million to various causes after selling Scottrade.

2018

Riney donated $20 million to the Washington University School of Medicine.

2019

Riney invested in Arch Oncology, a cancer drug startup, through his family office Lightchain.

2019

Riney and his wife Paula donated $15 million to research on treatments for Alzheimer's and Parkinson's disease.

2020

The Paula and Rodger Riney Foundation made a $16.5 million gift to the Dana-Farber Cancer Institute for multiple myeloma research.

Rodger Riney & family : FAQs

What is Rodger Riney's current net worth?

Rodger Riney's current net worth is $4.20 billion.

What is Rodger Riney's current global rank among billionaires?

Rodger Riney holds the 983rd position globally among billionaires.

What is Rodger Riney's current ranking within the United States?

Rodger Riney holds the 371st position in United States.

What was the change in Rodger Riney's net worth compared to the previous year?

Rodger Riney's net worth decreased by 0 million dollars compared to the previous year 2025, when his net worth was 4.20 billion dollars.

What are Rodger Riney's main sources of wealth?

Rodger Riney's main source of income comes from Discount Brokerage.

In which industry does Rodger Riney primarily operate?

Rodger Riney is primarily involved in the Finance & Investments industry.

What is Rodger Riney educational background?

Rodger Riney holds a Bachelor of Arts/Science from the University of Missouri and a Master of Business Administration from the University of Missouri.

How old is Rodger Riney?

Rodger Riney is 80 years old.

How many children does Rodger Riney have?

Rodger Riney has 3 children.

Who is Rodger O. Riney and what is he known for?

Rodger O. Riney is an American billionaire known for founding Scottrade, a discount brokerage firm that was acquired by TD Ameritrade in 2017.

What was Rodger O. Riney's early exposure to the stock market?

Rodger O. Riney was introduced to the stock market at a young age by his grandparents, guiding him towards his interest in finance and investing.

What led to the significant growth of Scottrade?

The significant growth of Scottrade was greatly fueled by the launch of its website and electronic trading platform in 1996, which was a key innovative step in the industry.

How has Rodger O. Riney contributed to philanthropy?

Rodger O. Riney has contributed to philanthropy by donating over $131 million to various causes, including substantial support for medical research on Alzheimer’s, Parkinson's disease, and multiple myeloma, a disease he personally suffers from.

What are some notable personal aspects of Rodger O. Riney's life?

Apart from his professional success, Rodger O. Riney is married to Paula, attends Kirkwood Baptist Church in Missouri, and consistently contributes to community and philanthropic endeavors.