He graduated from Phillips Academy, and from Yale University in 2002, and he was managing editor of the Yale Daily News. He interned at The New York Observer and The Miami Herald. He is married and lived in Boston, and worked in Brussels. He now works in London for the Journal, where he covers financial markets, working alongside David Enrich.
The work of Forelle and four other WSJ staff members earned The Wall Street Journal the 2007 Pulitzer Prize for Public Service. The award described the series as a "creative and comprehensive probe into backdated stock options for business executives that triggered investigations, the ouster of top officials and widespread change in corporate America". The lead articles in the series submitted for the prize were published March 18, 2006; Forelle wrote one ("How the Journal Analyzed Stock-Option Grants"); he and James Bandler wrote the other ("The Perfect Payday").
- 2007 Michael Kelly Award finalist 
- 2007 Pulitzer Prize for Public Service, The Wall Street Journal
- 2007 Gerald Loeb Award for Large Newspapers
- Philip Meyer Award for Precision Journalism
- 2006 George Polk Award for business reporting
- National Headliner Award for business news coverage
- Gilbert and Ursula Farfel Prize for Investigative Journalism
- Goldsmith Prize for Investigative Reporting
- SABEW (Society of American Business Editors and Writers)
- Business Journalist of the Year.
- The Bob Consdidine award (Overseas Press Club of America) for Best newspaper or news service interpretation of international affairs
- "WSJ search: Charles Forelle". The Wall Street Journal. Retrieved 2010-08-27.
- "Journalist of Distinction - 30 Under 30". NewsBios (newsbios.com). 2007. Retrieved 2010-08-27. NewsBios 30 Under 30 Awards, recognizing "up-and-coming business journalists under the age of 30".
- "Charles Forelle Wins Pulitzer: Former Phillipian News Editor Uncovers Stock Option Scandal". The Phillipian. April 20, 2007. Retrieved 2010-08-27.[dead link]
- Kanya Balakrishna (April 20, 2007). "Eli uses math degree to win a Pulitzer". Yale Daily News. Archived from the original on 2010-03-02. Retrieved 2010-08-27.
- "Archived copy". Archived from the original on 2010-06-10. Retrieved 2010-08-27.CS1 maint: archived copy as title (link)
- "The 2007 Pulitzer Prize Winner in Public Service". The Pulitzer Prizes. Retrieved 2018-07-18. With reprints of 19 works (WSJ articles March 18 to December 31, 2006).
- "The Michael Kelly Award". Kellyaward.com. Archived from the original on 2009-12-25. Retrieved 2010-08-27.
- Charles Forelle and James Bandler (October 12, 2006). "As Companies Probe Backdating, More Top Officials Take a Fall". The Wall Street Journal. Retrieved 2010-08-27. Reprint at The Pulitzer Prizes (pulitzer.org).
- "Two Pulitzer Prizes For the Wall Street Journal". WebWire (webwire.com). April 16, 2007. Retrieved 2010-08-27.
- "2007 Gerald Loeb Award Winners Announced by UCLA Anderson School of Management". Business Wire. June 25, 2007. Retrieved February 1, 2019.