Peter George Peterson Net Worth is
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Peter George "Pete" Peterson (born June 5, 1926) is an American businessman, investment banker, fiscal conservative, philanthropist, and author, who served as United States Secretary of Commerce from February 29, 1972 to February 1, 1973. He is currently best known as founder and principal funder of The Peter G. Peterson Foundation, which he established in 2008 with a $1 billion endowment. The group focuses on raising public awareness about U.S. fiscal-sustainability issues related to federal deficits, entitlement programs, and tax policies.
Before serving in the White House, Peterson was Chairman and CEO of Bell & Howell, from 1963 to 1971. From 1973 to 1984 he was Chairman and CEO of Lehman Brothers. In 1985 he co-founded the private equity firm, the Blackstone Group, which went public in 2007. Peterson was Chairman of the Council on Foreign Relations until retiring in 2007, after being named chairman emeritus. In 2008, Peterson was ranked 149th on the "Forbes 400 Richest Americans" with a net worth of $2.8 billion.
Peterson has been named the most influential billionaire in U.S. politics.
On August 4, 2010, it was announced that he had signed "The Giving Pledge." He was one of 40 billionaires, led by Bill Gates and Warren Buffett, who agreed to give at least half their wealth to charity.


Peterson was born in Kearney, Nebraska, the son of Venet and George Peterson, Greek immigrants. His father opened and ran a diner in 1923 after changing his name from Georgios Petropoulos. He is married to Joan Ganz Cooney, a creator of Sesame Street, and a stepmother to Peterson's five children. In his autobiography he recalls his business and private life in which he blames himself for the failure of two of his three marriages but is now proud of having grown close to his children and grandchildren.
Peterson, after dropping out of MIT, received an undergraduate degree from Northwestern University, graduating in 1947, summa cum laude. He joined Market Fact

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Peter George Peterson Latest News

The best cookbooks to give this year

I enjoy passing along fresh copies of books that have earned respectable page splatters in my kitchen, including a pair of titles each from James Peterson and Molly Stevens ... from the administrations of George Washington through Barack Obama.
Posted: December 6, 2017, 3:00 am

Chronicle Season of Sharing Fund daily donor list

Collaborator ($250-$499): Cristina Campbell & Tim DeWolf; Susan Forsythe; David Latulippe; Arlene & Jonathan Noble; Weaver Schlenger LLP; Linda Wertheim, in memory of George Wertheim ... Deborah Peterson, in memory of Carol Baumann; Mark Sommers; Anonymous ...
Posted: December 7, 2017, 8:41 pm

Unmasking the most influential billionaire in U.S. politics

or George Soros, you're wearing your partisan blinders. The former are known for their devotion to conservative causes, the latter to liberal. In either case, you're wrong. The most influential billionaire in America is Peter G. Peterson. The son of Greek ...
Posted: October 3, 2012, 9:22 am
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