Nelson Peltz Biography
Nelson Peltz is an American billionaire businessman and investor who was born in Brooklyn, New York. He is a founding partner alongside Peter W. May and Edward P. Garden, of Trian Fund Management which is an alternative investment management fund based in New York.
Peltz is a non-executive chairman of Wendy’s Company as well as a director of Legg Mason, Procter and Gamble, Sysco as well as The Madison Square Garden Company. He is a former director of H.J. Heinz Company, Mondelēz International, and Ingersoll Rand as well as a former chief executive officer (CEO) of Triangle Industries.
10 Quick Facts About Nelson Peltz
- Name: Nelson Peltz
- Age: 79 years
- Birthday: 24 June
- Zodiac Sign: Cancer
- Height: Average
- Nationality: American
- Occupation: Businessman and Investor
- Marital Status: Married
- Salary: Under Review
- Net worth: $1.7 billion
Nelson Peltz Age
Nelson Peltz was born on June 24, 1942, in New York City, U.S. Peltz celebrates his birthday on June 24 every year. Peltz is 78 years old as of 2020. He will be 79 years old on June 24, 2021.
Nelson Peltz Height and Weight
Nelson Peltz is a man of average stature, he also appears to be quite tall in stature in his photos. He stands at a height of 5 feet 8 inches(1.75 m or 175 cm)tall. He also weighs 165 lbs (75 kg). Peltz has blue eyes and grey hair color.
Nelson Peltz Education
Peltz studied joined the undergraduate program at the Wharton School of the University of Pennsylvania, where he joined the Fraternity of Phi Gamma Delta, however, he never completed his degree.
Nelson Peltz Family, Parents and Siblings
Nelson Peltz was born to a Jewish family in Brooklyn, New York. He is the son of Maurice Herbert Peltz(father) and Claire Peltz(mother). He was born and grew up alongside his brother’s Robert B. Peltz.
Nelson and Robert B. Peltz mother died in 2007 while their father died in 1977. Peltz was born in New York City, U.S. He is of American nationality and white ethnicity. He is of the Judaism religion.
Nelson Peltz Wife Claudia Heffner: Is he married?
Nelson Peltz is married to his third wife Claudia Heffner. He has been married three times. Peltz third wife’s Heffner is a former fashion model, with whom he has eight children. He has two children from his first marriage.
Peltz lives at his home Montsorrel, in Palm Beach. Montsorrel was previously owned by Anita Young, the sister of Georgia O’Keeffe. In the year 2015, he started a refurbishment and expansion project for the property. Also, he resides in Bedford, New York.
Nelson Peltz Wife Claudia Heffner
Claudia Heffner Peltz is a former American fashion model who was born in the USA. She is famous for being the spouse of American billionaire business mogul and investor Nelson Peltz. Claudia became widely known for being the mother of actor Will Peltz, best known for appearing in the 2014 comedy-drama movie “Men, Women & Children”.
As well as of a retired professional ice hockey player Brad Peltz is known for playing left wing for National Hockey League’s (NHL) Ottawa Senators. Not to mention, the young actress Nicola Peltz who appeared in the 2014 Hollywood blockbuster movie “Transformers: Age of Extinction”.
Nelson Peltz Wife Age, Claudia Heffner Age
Heffner was born on March 12, 1955, in the USA. Heffner Peltz celebrates her birthday on March 12 every year. She is 65 years old as of 2020. Heffner will be 66 years old on March 12, 2021, and was born under the zodiac sign of Pisces. She is of American nationaty and white ethnicity.
Nelson Peltz Children
Peltz alongside his wife Claudia Heffner Peltz is blessed with three children. William Peltz who was born in 1986, Brad Peltz, born in 1989, and Nicola Anne Peltz, born in 1995. In conclusion, the couple also shares five children from Peltz’s previous marriages. All of their children of his have been successful in their different careers.
William and Nicola climb the Hollywood ladder as professional actors and have been screened in several blockbuster movies. Her other son, Brad, made a name for himself as a talented hockey player before retiring from the sport to pursue other interests.
Nelson Peltz Daughter Nicola Peltz Wedding and Daugter
Brooklyn Beckham and his new fiancée Nicola Peltz are reportedly set to tie the knot in two separate weddings next year. Beckham announced his engagement to Nicola Peltz on July 11, 2020. And now alleged details have emerged of the couple’s upcoming nuptials, which are said to be costing £4 million.
Nicola’s billionaire father, Nelson Peltz is reportedly paying for the wedding with Brooklyn’s parents Victoria and David Beckham also wanting to ‘contribute’. The nuptials are said to be taking place in both the UK and Florida with the couple allegedly expected to sign pre-nups at the behest of Nicola’s father, who is said to be worth £1.34 billion.
Nelson Peltz Daughter Nicola Peltz
Nicola Peltz is an American actress who was born in Westchester County, New York. Her breakthrough role came when she performed Katara in the 2010 film The Last Airbender.
She co-starred as Bradley Martin in the A&E drama series Bates Motel from 2013 to 2015. Nicola starred as Tessa Yeager in the fourth Transformers film, Transformers: Age of Extinction in 2014.
Nelson Peltz Daughter Nicola Peltz Age, Nicola Peltz Age
Nicola Peltz was born on January 9, 1995, in Westchester County, New York. Peltz Celebrates her birthday on January 9 every year. She is 25 years old as of 2020. Nicola Peltz will be 26 years old on January 9, 2021.
Nelson Peltz Daughter Nicola Peltz Boyfriend Brooklyn Beckham
Brooklyn Beckham is an English model and amateur photographer who was born in the Portland Hospital in West End of London. He is the eldest son of former British footballer David Beckham and British singer-turned-fashion designer Victoria Beckham.
It is often reported that he was named Brooklyn because he was conceived in Brooklyn, New York, but he was not; that is where his mother discovered she was pregnant as well as the place where David Beckham went after the year 1998 FIFA World Cup. He was raised up in Madrid, Spain, while his father played for Real Madrid as well as in Los Angeles, California when his father played for LA Galaxy.
According to Beckham, he and his younger brothers Romeo and Cruz learned to speak Spanish fluently and had American accents while living in California. He has three younger siblings: Romeo James, Cruz David, and sister Harper Seven. His godparents are Elton John, David Furnish, and Elizabeth Hurley. Beckham served weekend shifts at a coffee shop in West London at the age of 15 years old.
Before Beckham dated American actress Chloë Grace Moretz as well as French model-singer Sonia Ben Ammar. He joined the 2016 Democratic National Convention with Moretz in support of Hillary Clinton. On 11 July 2020, Beckham announced his engagement to Nicola Peltz.
Nelson Peltz Daughter Nicola Peltz Boyfriend Age, Brooklyn Beckham Age
Brooklyn Joseph Beckham was born March 4, 1999, in West End, London, England. Beckham celebrates his birthday on March 4 every year. He is 21 years old as of 2020. Beckham will be 22 years old on March 4, 2021.
Nelson Peltz Net Worth and Wealth
Nelson Peltz has an estimated net worth of $1.7 billion USD. He has accumulated his wealth from his successful career as a businessman and investor. Peltz is the 432nd richest person in the US, according to Forbes Magazine. He was among 53 entities that contributed the maximum of $250,000 to the second inauguration of President George W. Bush in the year 2005.
Also, he is a heavy contributor to Jewish causes. Since 2019, Peltz has sat on the Board of Trustees of New York-Presbyterian Hospital. He was recognized by the National Association of Corporate Directors (NACD) in the years 2010, 2011, and 2012 as among the most influential people in global corporate governance.
Nelson Peltz Measurements and Facts
Here are some interesting facts and body measurements you should know about Nelson Peltz.
Nelson Peltz Wiki
- Full Names: Nelson Peltz
- Popular As: American businessman
- Gender: Male
- Occupation / Profession: Businessman and Investor
- Nationality: American
- Race / Ethnicity: White
- Religion: Judaism
- Sexual Orientation: Straight
Nelson Peltz Birthday
- Age / How Old?: 78 years old as of 2020
- Zodiac Sign: Cancer
- Date of Birth: June 24, 1942
- Place of Birth: New York City, U.S.
- Birthday: June 24
Nelson Peltz Body Measurements
- Body Measurements: to be updated
- Height / How Tall?: 5 feet 8 inches(1.75 m or 175 cm)
- Weight: 165 lbs (75 kg)
- Eye Color: Blue
- Hair Color: Grey
- Shoe Size: To be updated
Nelson Peltz Family and Relationship
- Father (Dad): Maurice Herbert Peltz
- Mother: Claire Peltz
- Siblings (Brothers and Sisters): Robert B. Peltz(brother)
- Marital Status: Married
- Wife/Spouse: Married to Claudia Heffner
- Dating / Girlfriend: Not Applicable
- Children: Sons ( Brad Peltz, William Peltz) Daughter(s) (Nicola Peltz)
Nelson Peltz Networth and Salary
- Net Worth: 1.7 billion USD
- Salary: Under Review
- Source of Income: Business and Investments
Nelson Peltz Activist Investor
Peltz dropped out of the University of Pennsylvania’s Wharton School with the intention of becoming a ski instructor in Oregon in 1963. Eventually, Nelson ended up driving a delivery truck for A. Peltz & Sons, a wholesale food distribution business that was founded by his grandfather Adolph in 1896. It delivered fresh produce and frozen food (Snow Top) to restaurants in New York.
His father then gave him free rein with the company. Over the next 15 years, Peltz 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, he bought up several food companies, and in 1972, Nelson 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 In 1982.
Nelson and his business partner, Peter May, who had joined Flagstaff as a chief financial officer after having been its accountant, went looking for new acquisitions in the 1990s. The two partners 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 in April 1983. In 1988 Triangle was sold to Pechiney.
Through an investment vehicle they controlled, Triarc Cos, Nelson, and May acquired Snapple, from Quaker Oats in 1997. In 2000, Snapple together with other beverage brands was sold to Cadbury Schweppes. Its turnaround was featured as a Harvard Business School case study.
Nelson Peltz Trian and Trian Partners
Nelson, May, and Ed Garden founded Trian Fund Management, L.P in 2005. As an activist investing firm, Trian has invested in various companies such as Heinz, Cadbury, Kraft Foods, Ingersoll Rand, Wendy’s, DuPont, Mondelēz, PepsiCo, State Street Corporation and Family Dollar.
It was involved in a proxy contest with Heinz to get five independent directors on the board of Heinz in 2006. Trian succeeded in getting two members on the board, including Peltz.
Nelson Peltz Cadbury
Trian bought a 3% share of Cadbury-Schweppes in 2007. Later, Cadbury Schweppes Americas Beverages was spun off from the Cadbury Schweppes confectionery group. Trian bought $1.8 billion in shares of Kraft Foods which is roughly 3% of the total equity of the food maker in 2007.
Nelson Peltz Wendy’s
It was announced that Triarc Cos. would merge with burger chain Wendy’s in April 2008. The merger was completed on September 29, 2008. The newly formed company was named Wendy’s Arby’s Group and then traded on the New York Stock Exchange under the symbol WEN. Wendy’s Arby’s sold Arby’s to Roark Capital Group on July 25, 2011, and then changed its name to The Wendy’s Company. Trian offered to buy Family Dollar for $55–60 per share according to CNBC on February 15, 2011.
Trian announced it had accumulated an 8% stake in the Family Dollar company and also indicated a willingness to participate in a take-private LBO for the company with a total value of about $7 to $8 billion in February 2011. This overture was rejected by the company management and board of directors. Ed Garden who is Trian’s Chief Investment Officer joined the Family Dollar board in September 2011.
Nelson Peltz Ingersoll Rand
In 2012, Nelson was appointed to the Ingersoll-Rand board of directors in 2012.
Nelson Peltz Dupont
It was reported that Trian held an approximate $1.25 billion stake in DuPont in August 2013.
Nelson Peltz Mondelez and Pepsico
As one of the company’s largest shareholders, with current beneficial ownership of more than 46 million shares in January 2014, Nelson was appointed to the board of directors of the global snacking company, Mondelēz International (NASDAQ: MDLZ).
As a beneficial owner of approximately $1.2 billion of PepsiCo, Inc. (NYSE: PEP) common shares, Trian now publicly released a letter to PepsiCo’s board of directors in February 2014 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 also create substantial value for shareholders.
Trian then said it would immediately begin to engage fellow shareholders in a public dialogue with the goal of creating a groundswell of support for a separation of snacks and beverages. Forbes listed Peltz in February 2014 as one of the 25 highest-earning hedge fund managers in 2013. He had total earnings of $430 million being ranked 16th.
Nelson Peltz Dupont and General Electric
In May 2015, Trian was unsuccessful in a bitter proxy contest to appoint four of its nominees to the board of DuPont in May 2015. Five months later Ellen Kullman, the CEO of DuPont, resigned. At that time DuPont acknowledged lower than expected earnings and the need to accelerate a cost-cutting plan. Trian bought a $2.5 billion stake in General Electric in October 2015.
Nelson tried but failed to acquire a seat on the board of Procter & Gamble in October 2017, in which Trian has a 1.5% stake. On November 15, 2017, it was discovered that per a revision of all votes, which Peltz 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 Peltz to its board, although it stated that Peltz had nominally lost the proxy vote. Nelson announced his departure from the board of Mondelez International in February 2018. He was to be succeeded by Trian President Peter May. Nelson joined the Procter & Gamble board of directors in March 2018.
Nelson Peltz Aurora and Ferguson
Peltz joined Canadian cannabis producer Aurora Cannabis in March 2019. Peltz’s Trian reported investment in Ferguson, plc, a leading distributor of plumbing and heating products in North America in June 2019.
Nelson Peltz P&G and P&G Presentation
Nelson Peltz lauds relationship with P&G
Nelson Peltz, founder as well as CEO of Trian Fund Management alongside Taylor, chairman, and CEO of Procter & Gamble, have been working together for the past two years or so following a bitter proxy battle that resulted in Peltz getting a board seat.
Since the hedge fund legend joined the P&G board, the shares are up about 50% and have surged about 33% in 2019. Where it once was hard to imagine the two working so closely together, they spoke warmly of each other during a conversation at the Delivering Alpha conference presented by CNBC as well as Institutional Investor.
“David has been a gentleman throughout the whole thing — we communicate a lot, even through the proxy fight,” Peltz told CNBC’s Jim Cramer, who moderated the chat. “I found that the most important ingredient a CEO needs to have is to be a good listener.
Nobody has a monopoly on good ideas. We have an attitude at Trian, we steal any good idea and be proud of it. We’d rather be rich than right, and David has that same attitude. That’s why we’re getting along so well.”
Taylor added that the company has remained focus on its turnaround strategy “that we felt was very strong” even through the battle with Peltz.
“What we we did throughout the process was listened,” Taylor said. “I’m not taking credit for anything,” Peltz added. “I found a great management team under David, one that I really have a lot of respect for, a board that once the fight was over they came together and have been so welcoming to me, and I mean that. I’m not just saying that.”
P&G shares rose 0.4% Thursday. The stock had lumbered through most of the recovery, far underperforming a market that has surged more than 350% higher over the past decade. A white paper that Trian presented in the year 2016 called for stronger organization and more accountability in the company. After the lengthy proxy fight, Peltz took a position on the P&G board in March 2018.
Nelson Peltz Procter and Gamble, Procter Gamble
Peltz tried but failed to acquire a seat on the board of Procter & Gamble, in which Trian has a 1.5% stake in October 2017. It was discovered that per a revision of all votes, which Peltz 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 November 15, 2017.
Procter and Gamble named Peltz to its board, although it stated that Peltz had nominally lost the proxy vote. Peltz reported his departure from the board of Mondelez International, to be succeeded by Trian Partner Peter May in February 2018. Peltz joined the Procter & Gamble board of directors in March 2018.
Nelson Peltz House Palm Beach, House Bedford, Estate and Home
He resides in Bedford, New York. He also owns Montsorrel, a house in Palm Beach, Florida which was previously owned by Anita Young, the sister of Georgia O’Keeffe. Peltz began a refurbishment and expansion project for the property in 2015.
Nelson Peltz Trump and Politics
Nelson Peltz says he’s bullish on a vaccine, putting new money to work and voting for Trump.
Nelson Peltz, Trian Partners Chief Executive told CNBC on May 14 2020 that he’s deployed the fund’s capital in new investments, is optimistic that a Covid-19 vaccine will be developed before long, and that he plans to vote to reelect President Donald Trump in November.
Peltz, also known on Wall Street as an activist investor who often seeks changes at his companies, said he was putting new capital to work and that Trian has “a couple of candidates that we really like.”
“We like these companies, we think they’ve been beaten down a bit too much, and we believe there’s great value there … I’ve initiated new positions,” he said on “Halftime Report.” Peltz said he didn’t want to discuss the two companies yet, but that the recent market sell-off made the equities a compelling buy.
Peltz’s comments were in stark contrast to those from other major hedge fund managers. On May 13, 2020, Appaloosa Management founder David Tepper told the “Halftime Report” that this is the second-most overvalued market he has ever seen. Duquesne Family Office’s Stanley Druckenmiller said earlier in the week that the risk-reward for owning stocks right now is “as bad as I’ve seen it in my career.”
Asked by CNBC’s Scott Wapner what he makes of Warren Buffett’s warning to investors to remain cautious in their purchases, Peltz said the “Oracle of Omaha” is at liberty to do with his cash as he wishes. But that doesn’t mean Trian can’t selectively invest in stocks it sees as compelling opportunities, Peltz said.
Buffett said May 2 that while “nothing can basically stop America,” investors should be judicious when selecting their investments. “You can bet on America but you have to be careful about how you bet,” Buffett said at the time. “Markets can do anything.”
But Peltz countered: “He’s entitled to his opinion. I’m entitled to ours. I’m not buying the market: I’m buying specific companies. In this case, the two companies that I like very much.”When they get to the price that I like, which they’ve been to, then we buy,” he said.
Though the billionaire investor said he wasn’t purchasing the stock market outright, he said he is optimistic about the coronavirus vaccine outlook. “I’m positive. I think that vaccine is going to come sooner than later,” he said. “This thing is not going to last forever. There’s still loads of value in the market because the market is primarily a tech market.”
Peltz said he was uplifted by a conversation he had with pharmaceutical giant Pfizer’s chief financial officer. The billionaire investor said the Pfizer exec said the company expects to have three to four potential coronavirus remedies in development by July.
He also praised the Trump administration and said he plans to vote to reelect the president in November. “His policies, to me, are the right policies for America,” Peltz said. “These are the right policies — these policies should have been put in place ages ago.”
“We have exported tens of millions of jobs — of manufacturing jobs over the last 40, 50 years, pick whatever time frame you want. We exported them generously: We gave them to Europe, we gave them to Asia. Now it’s time to bring those jobs back.”
Nelson Peltz Legg Mason and Sysco
Peltz is a non-executive chairman of Wendy’s Company, as well as a director of Legg Mason, Procter & Gamble, Sysco as well as The Madison Square Garden Company.
Nelson Peltz Investments
Peltz sold Flagstaff’s foodservice business division to a group of investors in the year 1979. Two years later, the foodservice business went bankrupt as well as the lender asked Peltz to salvage their outstanding loan. The loans were repaid as Peltz rebuilt the business within a year.
Peltz alongside his business partner, Peter May, who had joined Flagstaff as a chief financial officer after having been its accountant, went looking for new acquisitions in the 1980s. The two bought a stake in vending-machine as well as wire company Triangle Industries Inc. with the idea of using it to make acquisitions, building it into a Fortune 100 industrial company as well as the largest packaging company in the world in April 1983. Triangle was sold to Pechiney in the year 1988.
Through an investment vehicle they controlled, Triarc Companies, Inc., Peltz and May acquired Snapple, from Quaker Oats in the year 1997. Snapple, together with other beverage brands was sold to Cadbury Schweppes in the year 2000. The Snapple turnaround was featured as a Harvard Business School case study.
Peltz, 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 the year 2005. Trian was involved in a proxy contest with Heinz to get five independent directors on the board of Heinz in the year 2006. Trian succeeded in getting two members on the board, including Peltz.
Trian reported in February 2011 that it had accumulated an 8% stake in the Family Dollar company as well as 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 as well as the board of directors. Ed Garden, Trian’s Chief Investment Officer, joined the Family Dollar board in September 2011.
Nelson Peltz Holdings and Track Record
Nelson Peltz is the activist investor leading Trian Fund Management.
- PG – The Procter & Gamble Company
- SYY – Sysco Corporation
- MDLZ – Mondelez International, Inc.
- GE – General Electric Company
- WEN – The Wendy’s Company
- BK – The Bank of New York Mellon Corporation
- NVT – nVent Electric plc
- LM – Legg Mason, Inc.
Frequently Asked Questions About Nelson Peltz
Who is Nelson Peltz?
Nelson Peltz is an accomplished billionaire businessman and investor who gained vast recognition as a founding partner alongside Peter W. May and Edward P. Garden, of Trian Fund Management.
How old is Nelson Peltz?
Nelson Peltz is an American national born on June 24, 1942, in New York City, U.S. He is 78 years old as of 2020.
How tall is Nelson Peltz?
Peltz stands at a height of 1.75 m or 175 cm.
Is Nelson Peltz married?
Yes, he is married to Claudia Heffner. He has been married three times. Peltz third wife’s Heffner is a former fashion model, with whom he has eight children. He has two children from his first marriage. Peltz lives at his home Montsorrel, in Palm Beach with his wife and children.
How much is Nelson Peltz worth?
Nelson Peltz has an approximate net worth of $1.7 billion USD. This amount has been accrued from his leading roles in the Businessman and Investor industry.
What does Nelson Peltz own?
Nelson Peltz, an activist investor, is a founder of investment firm Trian Fund Management. Trian now has more than $9 billion in assets under management. The firm has a highly concentrated portfolio that includes stakes in Bank of New York Mellon, DuPont, and food conglomerate Mondelez International.
How did Nelson Peltz make his money?
Over the next 10 years, Peltz bought up several food companies, and in 1973, he and his brother together with Peltz’s business partner, Peter May, who joined Peltz in 1972, took their company, then called Flagstaff Corp., with $150 million in sales, public.
Where does Nelson Peltz live?
Nelson Peltz is a resident of Montsorrel, in Palm Beach., USA, we shall upload pictures of his house as soon as we have them.
Is Nelson Peltz dead or alive?
Nelson Peltz is alive and in good health. There have been no reports of him being sick or having any health-related issues.
Where is Nelson Peltz Now?
Business and Investments: Nelson Peltz is pursuing his career in Business and Investments.
Nelson Peltz Social Media Contacts
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