Nelson Peltz
Nelson Peltz

Celebrity Profile

Name: Nelson Peltz
Occupation: Entrepreneur
Gender: Male
Birth Day: June 24, 1942
Age: 78
Birth Place: Brooklyn, United States
Zodiac Sign: Cancer

Social Accounts

Height: in centimeters - N/A
Weight: in kg - N/A
Eye Color: N/A
Hair Color: N/A
Blood Type N/A
Tattoo(s) N/A

Nelson Peltz

Nelson Peltz was born on June 24, 1942 in Brooklyn, United States (78 years old). Nelson Peltz is an Entrepreneur, zodiac sign: Cancer. Find out Nelson Peltznet worth 2020, salary 2020 detail bellow.

Trivia

He invested in such companies as Heinz, PepsiCo, Quaker Oats, Kraft Foods, and Cadbury.

Net Worth

Net Worth 2020

$1.79 Billion

Salary 2020

Not known

With the net worth of $1.79 Billion, Nelson Peltz is the # 882 richest person on earth all the time follow our database.

Nelson Peltz Net Worth Detail

According to Forbes Magazine, he had a net worth of $1.51 billion as of February 2017. This made him the 432nd-richest person in the US.

Nelson Peltz Salary Detail

In February 2014, Forbes listed Peltz as one of the 25 highest-earning hedge fund managers in 2013, with total earnings of $430 million, ranked 16th.

Nelson Peltz Real Estate

Real Estate: Nelson's primary residence is a lavish 13-acre estate in Palm Beach, Florida called Montsorrel. In 2015 it was revealed that Peltz owns the property with a $92 million mortgage with Bank of America. The property features a 48,000 square-foot main house and an 18,000 square-foot second "guest" home, situated on three legally separate properties (in terms of taxes). He pays approximately $1.7 million per year in property taxes alone for the estate. He listed the estate for sale in 2001 for $75 million but did not find a buyer. He also owns properties in New York and California.

Before Fame

He dropped out of the University of Pennsylvania's business school and became a truck driver for A. Peltz & Sons, his grandfather's grocery business.

Biography Timeline

1942

Peltz was born to a Jewish family in 1942 in Brooklyn, New York, the son of Claire (née Wechsler; 1905–2007) and Maurice Herbert Peltz (1901–1977). He was the second of their two children, and grew up in the Cypress Hills section of Brooklyn, a sub-section of the East New York neighborhood.

1960

He attended Horace Mann School in the Bronx. Peltz attended the undergraduate program at the Wharton School of the University of Pennsylvania starting in 1960, where he joined the fraternity of Phi Gamma Delta, but dropped out in 1963 and never completed a degree.

1963

In 1963, he dropped out of the Wharton School with the intention of becoming a ski instructor in Oregon. However, he ended up driving a delivery truck for A. Peltz & Sons, a wholesale food distribution business founded by his grandfather, Adolph, in 1896, which delivered fresh produce and Snow Crop brand frozen food. to restaurants in New York.

1973

His father gave him free rein with the company, and over the next 15 years he and his older brother, Robert B. Peltz, grew the business, gradually shifting the product line from produce to institutional frozen foods. Over the next 10 years, Peltz bought up several food companies, and in 1973, he and his brother together with Peltz's business partner, Peter May, who joined Peltz in 1972, took their company, then called Flagstaff Corp., with $150 million in sales, public. In 1979, Peltz sold Flagstaff's foodservice business division to a group of investors. Two years later, the foodservice business went bankrupt and the lender asked Peltz to salvage their outstanding loan. Within a year, the loans were repaid as Peltz rebuilt the business.

1983

In the 1980s, Peltz and his business partner, Peter May, who had joined Flagstaff as chief financial officer after having been its accountant, went looking for new acquisitions. In April 1983, the two bought a stake in vending-machine and wire company Triangle Industries Inc. with the idea of using it to make acquisitions, building it into a Fortune 100 industrial company and the largest packaging company in the world. Triangle was sold to Pechiney in 1988.

1997

In 1997, through an investment vehicle they controlled, Triarc Companies, Inc., Peltz and 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.

2005

In 2005, Peltz, May, and Ed Garden, founded Trian Fund Management, L.P. As an activist investing firm, Trian has invested in such companies as Heinz, Cadbury, Kraft Foods, Ingersoll Rand, Wendy's, DuPont, Mondelēz, PepsiCo, State Street Corporation, Procter & Gamble and Family Dollar.

In 2005, Peltz was among 53 entities that contributed the maximum of $250,000 to the second inauguration of President George W. Bush. He is also a contributor to Jewish causes. A 2020 supporter of Donald Trump. Peltz has sat on the Board of Trustees of New York-Presbyterian Hospital since 2019.

2006

In 2006, Trian was involved in a proxy contest with Heinz to get five independent directors on the board of Heinz. Trian succeeded in getting two members on the board, including Peltz.

2007

In 2007, Trian bought a 3% share of Cadbury-Schweppes (Dr Pepper Snapple). Cadbury Schweppes Americas Beverages was later spun off from the Cadbury Schweppes confectionery group. In 2007, Trian also bought $1.8 billion in shares of Kraft Foods, roughly 3% of the total equity of the food maker.

2008

In April 2008, it was announced that Triarc Cos. would merge with burger chain Wendy's. The merger was completed on September 29, 2008. The new company was named Wendy's Arby's Group and traded on the New York Stock Exchange under the symbol WEN. On July 25, 2011, Wendy's Arby's sold Arby's to Roark Capital Group and changed its name to The Wendy's Company. According to CNBC, on February 15, 2011, Trian offered to buy Family Dollar for $55–60 per share.

2010

He was said by the National Association of Corporate Directors (NACD) in 2010, 2011, and 2012 to be among the most influential people in global corporate governance.

2011

In February 2011, Trian announced it had accumulated an 8% stake in the Family Dollar company and indicated a willingness to participate in a take private LBO for the company with a total value of about $7 to $8 billion. This overture was rejected by the company management and board of directors. In September 2011, Ed Garden, Trian's Chief Investment Officer, joined the Family Dollar board.

2012

Peltz was appointed to the Ingersoll-Rand board of directors in 2012. The company announced major initiatives to enhance shareholder value in late 2012. In 2014, Peltz resigned from the Ingersoll-Rand board, after the spin-off of Allegion.

2013

In August 2013, it was reported that Trian held an approximate $1.25 billion stake in DuPont.

2014

In January 2014, as one of the company's largest shareholders, with a current beneficial ownership of more than 46 million shares, Peltz was appointed to the board of directors of global snacking company, Mondelēz International.

In February 2014, as a beneficial owner of approximately $1.2 billion of PepsiCo, Inc. common shares, Trian publicly released a letter to PepsiCo's board of directors and a white paper detailing why separating global snacks and beverages into two independent public companies would be the right long-term decision for the business and would create substantial value for shareholders. Trian said it would immediately begin to engage fellow shareholders in a public dialogue with the goal of creating a groundswell of support for a separation of snacks and beverages.

In February 2014, Forbes listed Peltz as one of the 25 highest-earning hedge fund managers in 2013, with total earnings of $430 million, ranked 16th.

2015

In May 2015, Trian was unsuccessful in a bitter proxy contest to appoint four of its nominees to the board of DuPont. Five months later the CEO of DuPont, Ellen Kullman, resigned; at the time DuPont acknowledged lower than expected earnings and the need to accelerate a cost-cutting plan.

In October 2015, Trian bought a $2.5 billion stake in General Electric.

Peltz resides at his home Montsorrel, in Palm Beach, Florida. Montsorrel was previously owned by Anita Young, the sister of Georgia O'Keeffe. In 2015, he began a refurbishment and expansion project for the property. He also resides in Bedford, New York.

2017

In October 2017, Peltz tried but failed to acquire a seat on the board of Procter & Gamble, in which Trian has a 1.5% stake. On November 15, 2017, it was discovered that per a revision of all votes, which Peltz acknowledged to have resulted in a remarkably close battle, Peltz had in fact won the proxy battle, recognized as the largest in corporate history. On December 15, Procter & Gamble named Peltz to its board, although it stated that Peltz had nominally lost the proxy vote.

2018

In February 2018, Peltz announced his departure from the board of Mondelez International, to be succeeded by Trian partner Peter May. In March 2018, Peltz joined the Procter & Gamble board of directors.

2019

In March 2019, Peltz joined Canadian cannabis producer Aurora Cannabis. In June 2019, Peltz's Trian announced an investment in Ferguson, plc, a distributor of plumbing and heating products in North America.

Family Life

Nelson grew up in a Jewish family in Brooklyn, New York. With his third wife, model Claudia Heffner, he had eight children; his first two marriages produced a total of two children.

Family Members

# Name Relationship Net Worth Salary Age Occupation
#1 Robert B. Peltz Brother N/A N/A N/A
#2 Nicola Peltz Nicola Peltz Daughter $50 Million N/A 25 Actor
#3 Maurice Herbert Peltz Father N/A N/A N/A
#4 Claire Peltz Mother N/A N/A N/A
#5 William Peltz Son N/A N/A N/A
#6 Brad Peltz Son N/A N/A N/A
#7 Claudia Heffner Peltz Spouse N/A N/A N/A

🎂 Upcoming Birthday

Currently, Nelson Peltz is 80 years, 0 months and 2 days old. Nelson Peltz will celebrate 81st birthday on a Saturday 24th of June 2023. Below we countdown to Nelson Peltz upcoming birthday.

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