Businesspersons
Peter Morton Net Worth
Peter Morton's Net Worth as of 2024
$500 Million
Peter Morton was born on 7 August 1947, in Chicago, Illinois, USA, and is a businessman, certainly best known for founding the Hard Rock Café with Isaac Tigrett. He’s also popularly known for starting other chains of casual dining restaurants. He does charity work, and all of his efforts have helped put his net worth to where it is today.
How rich is Peter Morton? As of late-2016, sources estimate a net worth that is at $500 million, mostly earned through the success of his various businesses. Hard Rock Café earned a significant amount of money for him, and had branches all over the United States before it was sold for a large sum. All of these achievements have ensured the position of Peter’s wealth.
Peter Morton Net Worth $500 million
Peter attended the University of Denver, graduating in 1969 with a degree in restaurant and hotel management.
Peter is the son of Arnie Morton who is best known to be the founder of the Morton’s Steakhouse restaurant chain, and has a twin sister, and is the half-brother of businessman Michael Morton. In 1971, Peter with Isaac Tigrett opened the first Hard Rock Café in London near Hyde Park Corner, and the success of the Café would help increase Peter’s net worth significantly. In 1982, the Café started to expand when Morton and co-founder Tigrett decided to develop their own cafes in cities around the world. Morton went on to open Hard Rock America with branches in Los Angeles, Las Vegas, La Jolla, Houston, Chicago, San Francisco, Maui and Newport Beach. He later extended it to cities overseas as well, including Sydney and Melbourne. The expansion continued until The Rank Group, then known as The Rank Organisation, decided to buy the cafes owned by Peter. He sold all of his cafes in 1995, but retained the Hard Rock Hotel & Casino located in Las Vegas, Nevada. The sale would increase Peter’s net worth dramatically.
Morton held the Hard Rock Hotel & Casino until 2006, when it was bought by Morgans Hotel Group; the hotel and part of the brand was said to be sold for $410 million. The sale gave the group rights to the Hard Rock Hotel in Vancouver, Texas, California, and Australia. Peter’s next endeavor would be a restaurant in Los Angeles called “Morton’s Restaurant”. He also owns the restaurant called “The Ivy”.
For his personal life, it is known that Peter’s first marriage was to Paulene Stone(1980-89) and they had a son who would eventually found the Pink Taco Restaurants. A year later he married Tarlton Pauley, and that marriage would last until 1997. Aside from these, Morton is the godfather of the film producer Matthew Vaughn. He is also a member of the Board of Trustees for the Museum of Contemporary Art (MOCA) located in Los Angeles. He is part of the board of the Natural Resources Defense Council (NRDC) as well, and has been involved in various charitable works, including a donation made to the UCLA, which renamed 200 UCLA Medical Plaza to the Peter Morton Medical Building.
Businesspersons
Charles Saatchi Net Worth
Charles Saatchi is one of the richest and best known businessmen in the world and one of many millionaires. Saatchi’s overall net worth has been stated to be $100 million for 2014. Charles Saatchi was born in Baghdad, Iraq, but later had to move together with his family to London, UK to avoid the persecution of Jews in his home country. He was the second son in the family of four kids. As a teenager Charles was really interested in American pop culture and studied at the London College of Communication. After graduation he began his professional career as a copywriter working for “Benton & Bowles” and later started to work in tandem with an art director, Ross Cramer, and together they formed their own company called “CramerSaatchi”.
Charles Saatchi Net Worth $100 Million
They were successful and took-on employees John Hegarty and Heremy Sinclair, but true success came to Charles later. In 1970 Charles Saatchi started his business together with brother Maurice: they established “Saatchi & Saatchi” agency which had become the largest advertising agency in the world by the mid-80’s with just a huge number of high-profile clients like UK Prime Minister Margaret Thatcher and British Airways. However, Charles and Maurice left the agency and together founded another one called “M&C Saatchi”. They took many of their important clients with them, and one of these was British Airways. Nowadays, thanks to his prosperous business, Charles Saatchi has a net worth of $100 million dollars.
To the rest of the world Saatchi is also known as one of the most famous modern art collectors. He purchased his first art work in 1969 – by Sol LeWitt, a minimalist from New York. His passion for paintings only grew, and in 2009 he even published the book “My Name Is Charles Saatchi And I Am An Artoholic” wherein the author answered many questions and even gave some advice about collectibles. But the book didn’t become as popular as Saatchi expected, so the author asked his personal assistant to buy a huge number of books to help his work hit some positions in bestseller charts. Later in 2009 Saatchi appeared on the BBC program “School of Saatchi” and gave many young artists a perfect opportunity to show their talent and showcase artworks: some artists even painted portraits of Saatchi himself. In July 2010 Charles Saatchi donated his Saatchi Gallery to the British public together with 200 works of art.
Saatchi’s personal life has never been very public, but he married his first wife in 1973. He had met Doris Lockhart Dibley in 1965 while working for “Benton & Bowes”. The couple lived together for the six years before marrying, but divorced in 1990. Saatchi’s second wife was Kay Hartenstein to whom he was married from 1990-2001, and they even had a daughter together. Then Saatchi married for the third time in 2003, to English journalist, food writer, gourmet and television personality Nigella Lawson, but after public disagreements, were divorced 2013.
Businesspersons
Mikey Teutul Net Worth
Michael Joseph was born 26 November 1978, in Montgomery, New York State USA, and widely known as Mikey Teutul, is a reality television personality, the youngest son of Orange County Choppers founder Paul Teutul, Sr. Mikey began his working life at 14, in the family business.
So just how rich is Mikey Teutul, as of late 2017? Authoritative sources estimate that Mikey has a net worth of over $3 million dollars, largely earned by working at his father’s and older brother Paul Jr,’s company Orange County Choppers (OCC), and Orange County Iron Works, and through his TV appearances.
Mikey Teutul Net Worth $3 Million
Little is known of Mikey’s early life or education – it seems to have always revolved around the family business. Helping out his family in his teens, theoretically he worked as Assistant General Manager. but his main duties were to answer ‘phones, and clear-up and take out the trash. He was on rare occasions given the chance to build bikes, until he was competent to build his own. He also attended events for promoting OCC.
In 2002, the family was invited to take part in a reality show, Discovery Channel’s “American Chopper”, and subsequently “American Chopper: Senior vs. Junior”, in the course of which the youngest son was thrown out of the business – the middle son is Daniel, and younger sister Cristin. The reason for Mikey’s exclusion was that Mikey tried to be a mediator between his father and his brother, but his father seemed to be offended that his younger son did not take his side, and so threw him out of the business. During the filming of the show, Mikey was somethoing of a comedy relief to his father’s workers, and that comedy streak helped gain him popularity in TV shows. Mikey then joined his brother’s post-OCC venture, -Paul Jr Designs – along with most of their father’s employees; obviously the work atmosphere with Paul Teutul, Sr. was not a particularly happy one. Mikey’s eldest brother Paul Jr. was the former chief fabricator of OCC.
So actually the main source of Mikey Teutul’s wealth is not his father’s business, but the shows he eventually took part in. These have included ‘The Late Show with David Letterman”, “Late Night with Conan O’Brien”, and also “The Tonight Show” with Jay Leno. The shows became very popular and Mikey’s appearances earned him a significant amount of money. To say the least, the family drama did not go without consequences – according to rumours, Mikey Teutul was suffering from an addiction problem, and consequently admitted himself to rehab, and managed to overcome the bad habits which were apparently hindering his progress in life, obviously including business.
In his life away from the businesses already referred to and the limelight of TV, Michael loves to paint, and is apparently respected for his productions, as he opened “The Wolfgang Gallery” gallery in Montgomery, New York, where he has sold or auctioned his paintings, adding somewhat to is net worth, although rumours suggest that the gallery may now be closed. Most recently, Mikey is now trying to enter the market under the moniker LLC FarQueue Products with his line of gourmet pasta sauces. Good luck, Mikey!
In his less-than-private personal life, Mikey is apparently still single – there aren’t even any rumours of romantic liaisons.
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