Nelson Peltz Bio, Age, Parents, Siblings, Education, Spouse, Children, Career, Net worth

Nelson Peltz Biography

Nelson Peltz is an American billionaire businessman and investor. He is a founding partner, together with Peter W. May and Edward P. Garden, of Trian Fund Management, an alternative investment management fund based in New York. He is non-executive chairman of Wendy’s company, and a director of Legg Mason, Procter & Gamble, Sysco, and The Madison square Garden company. He is a former director of H.J. Heinz company, Mondelez International, and Ingersoll and a former CEO of Triangle Industries.


How old is Nelson Peltz – Age

The American billionaire businessman is 78 years old as of 24th June 2020. He was born in 1942 in Brooklyn, New York, United States.

Who are Nelson Peltz Parents? – father and mother

The American billionaire businessman was born as the son of Claire (née Wechsler; 1905–2007) and Maurice Herbert Peltz (1901–1977). He was raised and grew up in the Cypress Hills section of Brooklyn, a sub-section of the East New York neighborhood.

Nelson Peltz Siblings

The American billionaire businessman is not the only child in their family. He has a older brother and He was the second of their two children. His brother is known as; Robert B. Peltz. They were both well raised with support from their parents.

Nelson Peltz Education

The American billionaire businessman attended Horace Mann school in the Bronx. He 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.

Is Nelson Peltz in a Relationship? – Spouse

Yes, the American businessman is in love. He has been married three times. His third wife is Claudia Heffner, a former fashion model. They are enjoying the parenting life together. He resides at his home Montsorrel, in Palm Beach, Florida. He also resides in Bedford, New York.

Nelson Peltz Children

The American billionaire businessman has eight children with his latest wife, Claudia Heffner. He has two children from his first marriage. Among Peltz’s children are actors Nicola Peltz and Will Peltz. His son Brad Peltz was drafted by the Ottawa Senators hockey team, which Nelson Peltz himself was once rumored to have an interest in buying.

Nelson Peltz Career

In the 1980s, the American billionaire businessman 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.

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. In 2005, him, 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 2007, Trian bought a 3% share of Cadbury-Schweppes. 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.

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.

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.

The billionaire businessman 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, he resigned from the Ingersoll-Rand board, after the spin-off of Allegion. In August 2013, it was reported that Trian held an approximate $1.25 billion stake in Dupont.

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.

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 2017, the billionaire businessman 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 he 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 him to its board, although it stated that he had nominally lost the proxy vote. In February 2018,  the businessman announced his departure from the board of Mondelez International, to be succeeded by Trian partner Peter May. In March 2018, he joined the Procter & Gamble board of director.

In March 2019, the businessman joined Canadian cannabis producer Aurora Cannabis. In June 2019, he announced an investment in Ferguson, plc, a distributor of plumbing and heating products in North America.

Nelson Peltz Net worth

The American billionaire businessman has an estimated net worth of around US$1.7 billion as of 2020.