Peter Morton Net Worth is$500 Million
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Date of Birth: 1946
Peter Morton is an American businessman, he has a net worth of $500 million. Peter Morton has earned his net worth as co-founder of the Hard Rock Cafe along with Isaac Tigrett. The Hard Rock Cafe is a chain of casual dining restaurants, Peter's father is Arnie Morton who is the founder of Morton's and Peter's son Harry Morton is the founder of the Pink Taco restaurants. He was born in Chicago in 1947 and he is a graduate of The University of Denver and he was a member of the Phi Sigma Delta fraternity. The October 2005 film Domino was based on Morton's former stepdaughter Domino Harvey and starred Keira Knightley, this film was directed by Tony Scott. Morton's opened his first Hard Rock Cafe near the Hyde Park Corner of London, England. Morton and Tigrett agreed to open their own Hard Rock Cafe's across America. Morton called his Hard Rock America and subsequently opened cafe's in San Francisco, Chicago, Houston, Las Vegas, San Diego, La Jolla, Newport Beach, California, Sydney and Melbourne, Australia, Honolulu and Maui, Hawaii. In 1995 several of Morton's cafes were acquired by The Rank Group aka The Rank Organization who retained the Hard Rock Hotel & Casino in Las Vegas, Nevada. The Rank Group spent a total of $410 million dollars for the properties they acquired from Morton. Peter is also the godfather of film producer and director Matthew Vaughn. Morton is the current owner of The Ivy and Morton's where it is very difficult to get a table, his restaurant was the subject of the book You'll Never Eat Lunch in This Town Again by Julia Phillip's in 1991. He is a member of the Museum of Contemporary Art, Los Angeles, and a member of the board of trustees for the Natural Resources Defense Council. He also made a generous donation to UCLA, in which the UCLA Medical Plaza Building was renamed in his honor to the Peter Morton Medical Building.
Peter Morton (born Chicago in 1947) was the co-founder with Isaac Tigrett of the Hard Rock Caf'e, a chain of casual dining restaurants. His father is Arnie Morton, founder of Morton's, and his son is Harry Morton, founder of Pink Taco restaurants. His former stepdaughter was Domino Harvey, who was the subject of the October 2005 film Domino starring Keira Knightley and directed by Tony Scott. Morton is a graduate of the University of Denver, where he was a member of the Phi Sigma Delta fraternity.
Morton's first Hard Rock Cafe opened near Hyde Park Corner in London, England. The chain began global expansion in 1982 when the two agreed to develop their own cafes across the world. Morton (Hard Rock America) opened Hard Rocks in Los Angeles, San Francisco, Chicago, and Houston, Las Vegas; San Diego, La Jolla, and Newport Beach, California; Sydney and Melbourne, Australia; Honolulu and Maui, Hawaii; among many others.
He is the godfather of film producer Matthew Vaughn, and introduced him to a Hard Rock Cafe tour. It was through Peter, that Matthew was introduced to Guy Ritchie and some well known aristocrats in the London area.
In 1995, The Rank Organisation (now The Rank Group) acquired the cafes owned by Morton for $410 million, but Morton retained the Hard Rock Hotel & Casino in Las Vegas, Nevada.
In May 2006, Morton sold the Hard Rock Hotel & Casino in Las Vegas to New York-based Morgans Hotel Group for $770 million. The sale included the rights to the Hard Rock Hotel brand West of the Mississippi River which includes Texas, California, Australia and Vancouver, British Columbia. W. Edward Scheetz, a Morgans' executive, described the 11-story, 670-room Hard Rock Hotel as a "trophy property" that will never be replicated in Las Vegas because of land values. The Hard Rock pool alone, ranked #1 of the top 10 hotel pools by Travel Channel, occupies land valued at $50 million.
Morton later founded and remains the owner one of Los Angeles' quintessential di

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Peter Morton Latest News

Maidstone Pitches Bridge Over Hook Pond

A timeframe for the work is dependent on a required D.E.C. permit. Peter Morton, a cofounder of the Hard Rock Cafe chain, was granted variances to remove a swimming pool and construct a new one within the coastal erosion hazard area at 57 West End Road on ...
Posted: October 20, 2016, 11:44 am

Peter Morton Flips Elvis House

YOUR MAMAS NOTES: Just over a year ago property flipping restaurateur and hotelier Peter Morton* paid $9.8 million for a multi-winged, single-story French Regency style residence on a private (and partly flat) promontory in the ever-so-trendy and expensive ...
Posted: March 18, 2014, 12:32 am

UCLA Visionary Ball to honor Michael V. Lewis, Dr. Linda Liau, Donald P. Bellisario and Jon Lovitz

Feinberg, M.D.; Anthony N. Pritzker; Jim Carrey; Joan Hyler; Peter Morton; Tim Allen; Donald Becker, M.D.; Thomas Barrack and Jay Leno. Visionary Ball ticket packages begin at $2,500; limited individual tickets begin at $500. For more information ...
Posted: October 24, 2016, 12:15 pm
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