Peter Peterson Net Worth $1.3 Billion
American fiscal conservative, politician,investment banker and businessman Peter George Peterson comes with an estimated net worth of $1.3 billion as of March 2013 according to Forbes. He is known to served as the United States Secretary of Commerce under the government of former President Richard Nixon. He is the founder of The Peter G. Peterson Foundation where he is considered as the principal founder. Peter Peterson was born on June 5, 1926 in Kearney, Nebraska. President had two unsuccessful unions before he was eventually married to Joan Ganz Cooney who serves as a stepmother to Peterson’s five children from previous relationships. Peter Peterson is an MIT-dropout who finished his undergraduate degree from Northwestern University as summa cum laude. Peterson then began working for the market research firm Market Facts while completing his MBA at the University of Chicago Booth School of Business. After graduation, he returned to the business asas an executive vice president. After working at McCann Erickson, he joined Bell and Howell Corporation as Executive Vice President. Later on, he became the Chairman and CEO after replacing Charles H. Percy. He held the place from 1963 through 1971. Together with Stephen A. Schwarzman, he co-founded the Blackstone Groupin 1985 where he served as the Chairman for quite a long time. He earned a huge fortune in the firm which enabled him to finance his various political and non-profit causes.