India, May 27 -- While Charles Schwab established his name and billions of dollars by transforming the brokerage industry, his son is creating waves of a different type by establishing a surfing community on the Mexican coast.

Michael Schwab is a partner in the construction of the Cabo Real Surf Club in Los Cabos, Mexico, which is scheduled to open in 2026 via his private real estate investment entity Meriwether Companies. It will feature the first Endless Surf wave basin in North America, which will be 4 acres and over 800 feet long, as per Realtor.com.

According to Schwab, there are just a few wave basins in the world. However, this isn't a splash pool. The waves will create rides up to seven feet high and lasting up to 25 seconds.

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