fiscal responsibility. He is the founder of the Peter G. Peterson Foundation, which works to promote fiscal responsibility and sustainability. He has also authored several books on the subject, including Running on Empty: How the Democratic and Republican Parties Are Bankrupting Our Future and Our Children.
Peter Peterson is an American businessman, philanthropist, and author with a net worth of $1.7 billion. He is best known for his work as the United States Secretary of Commerce and his current focus on raising awareness about U.S. fiscal responsibility. He founded the Peter G. Peterson Foundation to promote fiscal responsibility and sustainability, and has written several books on the subject, such as Running on Empty: How the Democratic and Republican Parties Are Bankrupting Our Future and Our Children.
Peter George Peterson is a member of Richest Billionaires
💰Peter George Peterson Net worth: $1.7 Billion
fiscal-sustainability issues through his Peter G. Peterson foundation. He set up the foundation with a $1 billion endowment in 2008, right after he sold the bulk of his shares in The Blackstone Group and thus generated $1.85 billion before taxes. Born Peter George Peterson on June 5, 1926, in Kearney, Nebraska, he was raised by poor Greek immigrants who came to the States with few pennies in their pockets. However, they still saved enough to send their children to college. Thus, Peterson (MIT dropout) went on to take Bachelor's degree from Northwestern University and M.B.A. degree from the University of Chicago Booth School of Business. He held a great variety of positions before he decided to co-found Blackstone with fellow billionaire Stephen Schwarzman in 1985. Later on, he spent some time serving as chairman of Lehman Brothers (1973 -1984), Commerce Secretary under President Nixon (1972 –1973), as well as the head of the Federal Reserve Bank of New York (2000-2004). Peter Peterson has also penned a number of books, including an autobiography. As of August 4, 2010, he has agreed to give at least half of his wealth to charity by signing "The Giving Pledge." Currently married to Sesame Street creator – Joan Ganz Cooney, he has managed to found marital bliss after two unsuccessful marriages.
