Nelson Peltz Net Worth is$1.6 Billion
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Profession: Entrepreneur, Businessperson, Investor
Country: United States of America
Nelson Peltz is a board director on several restuarants and fast food franchises with a net worth of $1.6 billion. Nelson Peltz accumulated his net worth through his many business ventures, and his shares in Kraft and Cadbury-Schweppes. He was born in Brooklyn, New York.
Nelson Peltz is an American businessman and a founding partner, together with Peter W. May and Edward P. Garden, of Trian Fund Management. L.P., an alternative investment management fund, based in New York. He is non-executive chairman of the Board of The Wendy's Company and a director of H.J. Heinz Company and Legg Mason, Inc. He was formerly the Chief Executive Officer of Triangle Industries, a Fortune 100 industrial company.
Peltz was born on June 24, 1942 in Brooklyn, New York., the son of Claire (n'ee Wechsler) and Maurice Herbert Peltz. He was enrolled at the undergraduate program at the Wharton School of the University of Pennsylvania, but never completed his degree. He dropped out to work for his family's business selling food to restaurants in New York.
In the 1980s, Nelson Peltz and his business partner, Peter May, built Triangle Industries into a Fortune 100 industrial company. Triangle was sold to Pechiney in 1988.
In 1997, through an investment vehicle they controlled, Triarc Cos, Nelson Peltz and Peter May acquired Snapple, from Quaker Oats. Snapple, together with other beverage brands was sold to Cadbury Schweppes in 2000. The Snapple turnaround was featured as a Harvard Business School case study.
In 2005, Nelson Peltz, Peter May and Ed Garden, founded Trian Fund Management, L.P. Trian has made investments in Wendy's, Heinz, Cadbury, Legg Mason, Kraft Foods, Family Dollar, Tiffany & Co., State Street Corporation and Domino's Pizza.
In 2006 Trian was involved in a proxy contest with Heinz to get five independent directors on the board of Heinz. In the end Trian succeeded in getting two members on the board, including Mr. Peltz.
In 2007 Trian bought a 3% share of Cadbury-Schweppes which may have influenced the spin-off of Cadbury Schweppes Americas Beverages from the Cadbury Schweppes confectionary group. In 2007, Trian also bought $1.8 billion in shares of Kraft Foods, roughly a 3% of the total equity of the food maker.
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Nelson Peltz Latest News

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Posted: July 16, 2018, 3:31 am

This Is Why P&G Needs Nelson Peltz

is fiercely battling to keep Trian Partners’ Nelson Peltz from winning a board seat at its annual meeting on October 10th. But P&G’s stop-Peltz campaign is a big mistake. The veteran activist has iden...
Posted: September 14, 2017, 3:45 pm
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