Peter Holt Net Worth $200 Million
American businessman Peter Holt has an estimated net worth of $200 million. He was born Peter M. Holt on July 26, 1948 in Peoria, Illinois and lived as a kid in San Antonio before moving to Corpus Christi, where he earned his high school education. He then went to serve in the United States Army for just two years. He ended his service having a Silver Star, a Purple Heart and three Bronze Medals for Valor. Upon his return to California, Holt worked for an investment banking house and started a pub and restaurant business. He then joined his father in the Holt Businesses in Corpus Christi in 1983. Holt went to serve as the president and CEO. In September 1987, he and his father bought Holt Machinery Co. in San Antonio, then reunited the original Caterpillar dealership which was began in 1993 by Bill Holt. CEO helped enlarge the company when he bought Darr Equipment Company of Dallas, the Caterpillar dealer for the DFW Metroplex. In 1993, Peter Holt bought the San Antonio Spurs for $76 million and became responsible in assisting the development of the team’s popularity inside the city through the support and financial backing for a fresh arena and training facility. Under his possession, the team won four NBA Championships — 1999, 2003, 2005 and 2007 and is now worth more than $500 million. CEO has additionally bought other sports teams including the Austin Toros, the San Antonio Rampage and also the San Antonio Silver Stars.