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When Schwab passed away in 1939, he was not celebrated as the titan he once was but rather mourned as a figure who had exemplified both the incredible rise and the inevitable fall of wealth. His estate, decimated by creditors, offered little but a cautionary portrait of faded glory.
Today, Schwab’s story resonates with cycles of ambition and decay in modern economies, especially as today's billionaires navigate similar terrains of wealth and risk. Schwab’s legacy is a tangible reminder encapsulated in the steel frameworks of skyscrapers that continue to define the skylines—monuments to the man who transformed an entire industry.