Nelson Peltz was born on the 24th June 1942, in Brooklyn, New York City USA, of Jewish ancestry, and is a businessman who alongside Edward P. Garden and Peter W. May founded an alternative investment management fund entitled Trian Fund Management L.P., which is based in New York, and of which Nelson is the CEO. Currently, he also serves as a director of several companies including a global investment management firm Legg Mason, Inc., a multinational confectionery, food and beverage company Mondelez International and a global diversified industrial company Ingersoll Rand. Moreover, he is non – executive chairman of the board of a holding company, The Wendy’s. Peltz has been active in business since the 1980s.
How much is the net worth of Nelson Peltz? It has been estimated that the outright size of his wealth is approaching $1.36 billion, as of the data presented in the middle of 2016.
Nelson Peltz Net Worth $1.36 Billion
To begin with, he was raised in Brooklyn, and after matriculation from high school, Nelson enrolled into the Wharton School of the University of Pennsylvania, but dropped out to become a ski instructor. Later, he worked as a truck driver for A. Peltz & Sons, his grandfather’s business. Later, his father allowed Nelson and his brother to effectively run the company, and they managed expand the business considerably. This was a solid start to Nelson’s net worth.
Nelson Peltz’s career in business continued, as he bought, expanded the business and sold with a profit such companies as a vending-machine and wire company Triangle Industries Inc (1983 – 1988) and a brand of tea and juice drinks Snapple (1997 – 2000). In 2005, alongside Ed Garden and Peter May, Nelson founded an investment company Trian Fund Management, which invested in companies such as the variety store chain Family Dollar, a worldwide financial services holding company State Street Corporation, a multinational food, snack and beverage corporation PepsiCo, a conglomerate E. I. du Pont de Nemours and Company, a manufacturing and processing conglomerate Kraft Foods, among many others. A recent acquisition by Trian is a stake in General Electric. Peltz’s net worth continues to rise.
In the consecutive years 2010, 2011 and 2012 Peltz was recognized as the most influential figure in global corporate governance by the National Association of Corporate Directors. In 2014, Nelson Peltz was 16th on the list of 25 highest-earning hedge fund managers by Forbes.
Finally, in the personal life of the businessman, Nelson Peltz has married three times and has fathered ten children; Claudia Heffner is his third wife and has given birth to eight children. Two children were born in previous marriages of Peltz. Among his children are two actors, Will Peltz and Nicola Peltz. Additionally, Brad Peltz is professional ice hockey player. Nelson Peltz lives in Bedford, New York.
Nelson Peltz is also very active in several philanthropic issues. He is a constant contributor to various Jewish causes, and is active member of the Jewish community based in New York. Moreover, he donated the sum of $250,000 to the inauguration of the USA President George W. Bush.
