A New Interpretation of Charge Based on Spinning Sphere Model of Electron

LEP experiments indicate that the charge of the electron is distributed over a small radius $\sim10^{-20} $m. By incorporating this information in spinning sphere model of electron we arrive at a new interpretation of charge as the Schwinger corrected or electromagnetic or magnetic self-energy mass. The charge-energy equivalence is also arrived at in this paper. Further it is predicted that particles with zero mass will not contain any charge.