Nelson Peltz (born June 24, 1942) is an American investor, fund manager, and philanthropist. He is a founding partner, together with Peter W. May and Edward P. Garden, of Trian Fund Management. L.P., an alternative investment management fund, based in New York. He is non-executive chairman of the Board of The Wendy’s Company and a director of Legg Mason,[5] Mondelēz International and Ingersoll Rand. He was formerly a director of H.J. Heinz Company. He was also formerly the Chief Executive Officer of Triangle Industries.
Early life and education
Peltz was born in 1942 in Brooklyn, New York, and is Jewish, the son of Claire (née Wechsler) and Maurice Herbert Peltz. Peltz was enrolled at the undergraduate program at the Wharton School of the University of Pennsylvania, where he joined the Fraternity of Phi Gamma Delta, but never completed his degree.
In 1963, he dropped out of the University of Pennsylvania’s 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 frozen food (Snow Top) to restaurants in New York.
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 1972, he and his brother took their company, then called Flagstaff Corp., with $150 million in sales, public. In 1982 his brother Robert bought back the assets of Peltz Food from Flagstaff after it went bankrupt.
Summary
| Nelson Peltz | |
|---|---|
| Born | June 24, 1942 Brooklyn, New York, U.S. |
| Residence | Bedford, New York Palm Beach, Florida |
| Alma mater | University of Pennsylvania |
| Occupation | Investor, fund manager, and philanthropist |
| Known for | Founding and leading Trian Fund Management |
| Net worth | US$1.51 billion (February 2016) |
| Board member of | Wendy’s Company (Chairman) Mondelēz International Inc. Ingersoll Rand plc Legg Mason, Inc. |
| Spouse(s) | wife 1 (divorced) wife 2 (divorced) Claudia Heffner |
| Children | 10 (8 with Heffner) |
Nelson Peltz net worth: Nelson Peltz is an American businessman who has a net worth of $1.79 billion dollars. Nelson Peltz is best known for acting as a founding partner of Trian Fund Management, L.P., which he started with Peter W. May and Edward P. Garden. The company is an investment management fund venture, and is based in New York. He also serves as a chairman for Wendy’s, Legg Mason, Inc., Mondelez International, and Ingersoll Rand. In the past he worked for H.J. Heinz Company and Triangle Industries. Though Peltz attended college at the University of Pennsylvania, he dropped out in 1963 in order to become a ski instructor in Oregon. However, instead he worked as a delivery truck driver for A. Peltz & Sons, his grandfather’s company. Having been given the green light by his father, Peltz and his brother grew the company tremendously over the next 15 years. However, they solid it in 1978 after going bankrupt. Peltz has been married three times and has 10 children. Eight of whom are with his current wife, a former fashion model, Claudia Heffner. Two of his kids, Nicola Peltz and Will Peltz are actors, while son Brad Peltz formerly worked as a professional hockey player.
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