Peter Ueberroth Net Worth is$100 Million
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Profession: Businessperson
Date of Birth: Sep 2, 1937
Nicknames: Peter V Ueberroth
Country: United States of America
Net Worth: View Peter Ueberroth Net Worth
Peter Ueberroth is an American Executive and was the recent chairman of the United States Olympic Committee who has a net worth of $100 million. Peter Ueberroth has earned his net worth as the sixth Commissioner of the MLB, as chairman of the US Olympic Committee and as a business Executive. He began his career as the Vice President and shareholder of Trans International Airlines and as founder of the First Travel Corporation which he sold in 1980. He then became the organizer of the 1984 Summer Olympics and was given the title of Man of the Year by Time Magazine as well as receiving the Olympic Order in gold. As baseball Commissioner Ueberroth settled many labor disputes with the team players and Major League Umpires Association. During his first year as Baseball Commissioner he expanded the League Championship Series from best of five to best of seven and found a way to get large companies to sponsor the MLB by having the players endorse their products. In 1989 Ueberroth stepped down as commissioner because of his bringing about a secretive agreement between the owners and not allowing players to become free agents, as well as cutting player salaries. But during his time as commissioner for the MLB there were many improvements, including anti-drug campaigns, alcohol and crowd control, record attendance and financial improvement. After Ueberroth left his position as Commissioner of the MLB he purchased the Pebble Beach golf course and became part owner with Clint Eastwood and Arnold Palmer. He also ran for Governor of California, but pulled out of the race in 2003. He has also held the positions as director of the Coca-Cola Company, director of Adecco S.A., chairman of the Contrarian Group, director of Hilton Hotels, co-chairman of the Pebble Beach Company, chairman of Ambassadors International, chairman of the U.S. Olympic Committee Board of Directors and Life Trustee of the University of California. Peter Ueberroth was born in Evanston, Illinois in 1937 and attended Fremont High School and the San Jose State University. He is married to Ginny Ueberroth and together they founded the Sage Hill School. Their son, Joseph, took over the position of director of Ambassadors International in 2006.
Peter Victor Ueberroth (/'ju:b?r??/; born September 2, 1937) is an American executive. He served as the sixth Commissioner of Major League Baseball from 1984 to 1989. He was recently the chairman of the United States Olympic Committee; he was replaced by Larry Probst in October 2008.
Although Ueberroth was born in Evanston, Illinois, he grew up in northern California. While attending Fremont High School, Ueberroth excelled in football, baseball, and swimming. After graduating from high school, Ueberroth attended San Jose State University on an athletic scholarship. While attending San Jose State he joined Delta Upsilon. He competed in the 1956 United States Olympic water polo trials but failed to make the team. Ueberroth ultimately graduated from San Jose State in 1959 with a degree in business.

After college, Ueberroth became a vice president and shareholder in Trans International Airlines (he was 22 years old at the time). Ueberroth worked at Trans International until 1963, when he founded his own travel company, which would become First Travel Corporation. By the time he sold First Travel in 1980, it was the second largest travel business in North America.

For five years Ueberroth served as the organizer of the 1984 Summer Olympics held in Los Angeles. He was a prominent figure in the games, receiving the Olympic Order in gold at its conclusion. Due to the success of the games, he was named Time magazine's Man of the Year in 1984. Under Ueberroth's leadership and management, the first privately financed Olympic Games resulted in a surplus of nearly $250 million. This was subsequently used to support youth and sports activities throughout the United States. Coincidentally, he was born on the day on which the founder of the modern Olympic Games, Baron Pierre de Coubertin, died.

Ueberroth created a committee of over 150 members (mostly business people and entrepreneurs) to generate ideas, opportunities and solve problems.[citation

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Peter Ueberroth Latest News

Road to MLB commissioner’s office passes through Hastings

tracks how he emerged from a childhood spent in Halsey — a town of 140 people at the time — to become chief spokesman for MLB Commissioners Bowie Kuhn and Peter Ueberroth. In the book, Wirz covers his ascent in professional baseball, which included two ...
Posted: October 20, 2016, 6:46 am

Purdy: Peter Ueberroth thinks L.A.’s bid for 2024 Olympic Games is looking good

In an Olympic year, it’s always a good idea to check in with Peter Ueberroth. Fortunately, he was recently available for check-in. Ueberroth spent last weekend in the South Bay to be honored by his alma mater, San Jose State. He used his water polo ...
Posted: March 22, 2016, 8:02 am

After Rio, do you want L.A. to host the Olympics? More readers respond: Letters

The 1984 Olympics were a huge success financially for Los Angeles and the International Olympic Committee due to the astute decisions made by Peter Ueberroth and his team. They were not sponsored by the government, which is essential to avoid the ...
Posted: August 30, 2016, 6:07 am
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