cross-referenced news and research resources about
billionaire Peter George Peterson
Peter G. Peterson (born June 5, 1926) is an American businessman, investment banker, fiscal conservative, author, and politician whose most prominent political position was as United States Secretary of Commerce from February 29, 1972 to February 1, 1973 serving under Richard Nixon. He is most well known currently as founder and principal funder of The Peter G. Peterson Foundation, which he established in 2008 with a $1 billion endowment. The group focuses on raising public awareness about U.S. fiscal-sustainability issues related to federal deficits, entitlement programs, and tax policies.
He founded the Blackstone Group, which went public in 2007.
Before serving in the White House, Peterson was Chairman and CEO of Bell & Howell, from 1963 to 1971. From 1973 to 1984 he was Chairman and CEO of Lehman Brothers. In 1985 he co-founded the private equity firm, the Blackstone Group. Peterson was Chairman of the Council on Foreign Relations until retiring in 2007, after being named chairman emeritus. In 2008, Peterson was ranked 149th on the "Forbes 400 Richest Americans" with a net worth of $2.8 billion.
Peterson has been named the most influential billionaire in U.S. politics.
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Peter George Peterson
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updated Sat. February 3, 2024
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The Chronicle of Philanthropy
April 5, 2018
Peter Peterson, the billionaire financier and co-founder of the Blackstone Group, died on March 20. He was 91. In 2007, he took the Blackstone Group public and plowed $1 billion from the sale of his stock into the Peter G. Peterson Foundation, which makes grants to educate the public about America'sÃâà...
The Chronicle of Philanthropy
March 23, 2018
Peter Peterson, the billionaire financier and co-founder of the Blackstone Group, died on March 20. He was 91. In 2007, he took the Blackstone Group public and then plowed $1 billion from the sale of his stock into the Peter G. Peterson Foundation, which makes grants to educational and publicityÃâà...
City A.M.
March 21, 2018
The co-founder of private equity firm Blackstone, billionaire Wall Street financier Peter Peterson, died late last night at the age of 91. Peterson founded Blackstone, which has since become the world's largest alternative investment manager with $434bn (Ãâã309bn) under management, along with StephenÃâà...
The Boston Globe
March 21, 2018
NEW YORK — Peter G. Peterson, a billionaire and business executive who became one of the most prominent voices to argue for entitlement reform and reducing the US national debt, died of natural causes Tuesday, his family said. He was 91. Born in the small town of Kearney, Neb., to Greek immigrants,Ãâà...
New York Times
November 21, 2017
Peter Peterson, the co-founder of the Blackstone Group and the founder of the Peterson Foundation, which has long campaigned against the growing national debt, had some harsh words for his peers who had turned away from “revenue neutral policy.” “Mortgaging our fiscal future for trillions in temporaryÃâà...
The Real Deal Magazine
November 3, 2017
The investment firm that manages the family wealth of former Lehman Brothers CEO and Blackstone Group co-founder Peter Peterson is moving its offices to A Pricy Space On Park Avenue. Peterson Management, headed by Peter's son, Michael, signed a lease for 40,000 square feet on the 14th floor atÃâà...
Newsweek
April 5, 2017
New York billionaire Peter Peterson, Schwarzman's former partner, put $1 billion into an economic think tank. And, along with Bill Gates, Warren Buffett and 40 other billionaires, he signed the Giving Pledge, in which all promised to donate the majority of their wealth to charity. Schwarzman gave the NewÃâà...
Patch.com
March 22, 2017
The change in the number of billionaires — up 233 since the 2016 list — was the biggest in the 31 years that Forbes has been tracking billionaires globally." At least one notable name dropped off the list of New Yorkers, though not because he is no longer a billionaire. Donald Trump, whom Forbes said isÃâà...
The Intercept
October 20, 2016
The Committee for a Responsible Federal Budget, an organization that is virtually unknown outside of Washington, was nonetheless cited in four different questions during this year's presidential and vice-presidential debates. Moderators Elaine Quijano and Chris Wallace, seemingly unable to stringÃâà...
PR Watch
February 21, 2013
Fix the Debt logo Madison, WI -- One of the most hypocritical corporate PR campaigns in decades is advancing inside the beltway, attempting to convince the White House, Congress, and the American people that another cataclysmic economic crisis is around the corner that will destroy our economyÃâà...
Huffington Post
November 2, 2012
As Ryan Grim and Paul Blumenthal point out in their article “Peter Peterson Spent Nearly Half A Billion In Washington Targeting Social Security, Medicare ... As Michael Hiltzik puts it in his article “Unmasking the most influential billionaire in U.S. politics,” “Peterson's influence in national politics stems largelyÃâà...
Huffington Post
May 15, 2012
WASHINGTON — Peter Peterson, a Wall Street billionaire who has been calling for cuts to Social Security and other government programs for years, is hosting a “fiscal summit” Tuesday that brings together Treasury Secretary Timothy Geithner, former President Bill Clinton, Rep. Paul Ryan, House SpeakerÃâà...
New York Magazine
August 16, 2009
Although $1.9 billion richer—paid to him in a single money wire the day of the IPO—he was already a billionaire. “Several things happened to me around the same time,” he says. “I left Blackstone, I retired as the chairman of the Council on Foreign Relations, I was no longer the chairman of the New YorkÃâà...
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