Peter George Peterson net worth
Peter Peterson Net Worth: Peter Peterson is an American businessman, fiscal conservative, investment banker, philanthropist and author with a net worth of $1.7 billion. As we all know, Peter Peterson was a former U.S. Secretary of Commerce who is now focusing on passing his Peter G.
Peterson Foundation. He set up the foundation with a $1 billion endowment in 2008, when he sold a majority of his stake in Blackstone, generating $1.85 billion in pretax income. Born on June 5, 1926, in Kearney, Nebraska, Peter George Peterson was raised by impoverished Greek immigrants with pennies in their pockets. However, they still save enough money to send their children to college. So Peterson (an MIT dropout) went on to earn a bachelor’s degree from Northwestern University and an MBA from the University of Chicago Booth School of Business. He held a variety of roles before deciding to co-found Blackstone with billionaire Stephen Schwarzman in 1985. He later served as Chairman of Lehman Brothers (1973-1984), Secretary of Commerce under President Nixon (1972-1973), and President of the Federal Reserve Bank of New York (2000-2004). Peter Peterson has also written many books, including an autobiography. As of August 4, 2010, he has agreed to donate at least half of his wealth to charity by signing the Giving Pledge. Currently married to Sesame Street creator Joan Ganz Cooney, he managed to find marital happiness after two failed marriages.
