Total Net Worth: Peter Schiff
Introduction
A businessman, broker, author, and commentator, Peter Schiff is widely known all over the world.
He started his career in finance as a stockbroker but he and a partner purchased a trading company and reopened it as a brokerage. European Pacific Capital began in Los Angeles before relocating to Connecticut in the mid-2000s. Schiff is the CEO and global strategist at Euro Pacific Capital.
In 2008, he correctly predicted the housing crisis and gained international attention for it. The Peter Schiff Show hosts its radio show broadcast over the Internet called "The Peter Schiff Show", in which Schiff is frequently a financial commentator on networks like Cable News, Fox News, and Bloomberg TV.
The History and Family of Peter Schiff
His father, Irwin Schiff, was a member of a middle-class family residing in the New Haven, Connecticut, USA, area of New Haven. He immigrated from Poland, who served in the US Army during World War II.
While he was a child, his parents separated and he was raised by his mother with her brother, who moved around until the family settled down in Southern California. In their middle school years, his father introduced him to the Austrian School of economics. He died in prison in 2015, after serving 13 years in prison for tax evasion.
After completing his schooling at Beverly Hills High School and going on to earn an undergraduate degree in Financial Accounting from the University of California, Berkeley in 1987, Schiff finally got his Bachelor of Science degree.
The couple now resides in Puerto Rico with their children Preston and Spencer and husband Lauren Schiff.
What's Peter Schiff Net Worth?
Peter Schiff Net Worth was estimated to be approximately 70 million dollars.
Sources of his Net worth's are:
- The investments: Schiff's political views and his conviction on U.S. economic policies and the Federal Reserve derive primarily from his Libertarian political views. The free-market Austrian School of economics provides his decision-making strategy. This theory holds that investors will repeatedly be duped into making unprofitable investments.
- Real estate: Peter Schiff advises that one buy a home as a lifestyle choice to develop a financial future. Nevertheless, he owns homes in both Connecticut and Puerto Rico. Currently, Schiff is valued at more than $3.3 million. He purchased his 8,469sf Connecticut home for $2.4 million in 2009. Schiff believes that if you own a home you have to use the money wisely. He does not advise owning it free and clear.