Nelson Peltz Bio | Wiki
Nelson Peltz is a popular American billionaire businessman and investor who is the founder of Trian Fund Management together with Peter W. May and Edward P. Garden. He now has $8.5 billion in assets under management. Nelson is the non-executive chairman of Wendy’s Company, Sysco, and The Madison Square Garden Company. Previously, Nelson worked as a director of H.J. Heinz Company, Mondelēz International, and Ingersoll Rand and a retired CEO of Triangle Industries.
He dropped out of the Wharton School with the intention of working as a ski instructor in Oregon. However, Nelson ended up driving a delivery truck for A. Peltz & Sons, a wholesale food distribution business created by his grandfather in 1896, which supplied fresh produce and Snow Crop brand frozen food to restaurants in New York. Nelson’s father gave him free rein with the company, and over the following 15 years Nelson and his older brother, Robert B. Peltz, grew the business, gradually shifting the product line from produce to institutional frozen foods.
During the following 10 years, Nelson bought up many food companies, and in 1973, he and his brother together with Nelson’s business partner, Peter May, who joined Nelson in 1972, took their company, then called Flagstaff Corp., with $150 million in sales, public. In 1979, Nelson sold Flagstaff’s food service business division to a group of investors. Two years afterward, the food service business went bankrupt and the lender asked Nelson to salvage their outstanding loan. Within a year, the loans were repaid as Nelson rebuilt the business.
Nelson Peltz Age
Nelson was born on June 24, 1942, in New York City, in the United States. He is 81 years old. Nelson celebrates his birthday on June 24, every year.
Nelson Peltz Height
He is a man of above-average stature. Nelson stands at a height of 5 ft 9 in ( Approx. 1.75m ).
Nelson Peltz Family
He was born in Brooklyn, New York, the son of Claire (née Wechsler; 1905–2007) and Maurice Herbert Peltz (1901–1977). Nelson was the second of their two children and was brought up in the Cypress Hills section of Brooklyn, a sub-section of the East New York neighborhood. His brother is named Robert B. Peltz.
Nelson Peltz Wife | Spouse
Nelson is married to his wife Claudia Heffner, a retired fashion model, with whom he has eight children. The two married in 1985. Although Claudia never changed to Judaism, his sons each had bar mitzvahs. Among Nelson’s children are actors Nicola Peltz (born 1995) and Will Peltz (born 1986). Nelson’s son Brad Peltz (born 1989) was drafted by the Ottawa Senators hockey team, which Nelson himself was once speculated to have an interest in buying.
In 1964, Nelson married Cynthia Abrams, daughter of Emerson Radio & Phonograph Corporation co-founder, Benjamin Abrams. The two divorced in 1981. Nelson and Cynthia had two children.
Nelson Peltz First Wife
He has been married three times but Nelson has not mentioned any details regarding his first wife to the public. From 1964 to 1981 he was married to his second wife Cynthia Abrams.
Nelson Peltz Daughter
Nelson’s daughter Nicola married Brooklyn Beckham (English footballer David Beckham’s son), in a Jewish ceremony on April 9, 2022.
Nelson Peltz Daughter Wedding
On April 9, 2022, Nicola Peltz married Brooklyn Beckham in front of 500 guests at her father’s oceanfront estate in Palm Beach. Their wedding was worth 3 million. In May 2023, the couple shared their favorite wedding party pictures with Vogue.
Nelson Peltz Son
Nelson has a son named Will who is an actor well known due to his roles in Unfriended, Men, Women & Children, and Manifest. Will played hockey in his youth, proceeding to Tier III Junior hockey with the New Jersey Hitmen.
Nelson Peltz Wedding
In 1985, Nelson married retired fashion model Claudia Heffner in a wedding ceremony attended by close friends and Family members.
Nelson Peltz Education
He went to Horace Mann School in the Bronx. Later on, Nelson went to the undergraduate program at the Wharton School of the University of Pennsylvania beginning in 1960, where he joined the fraternity of Phi Gamma Delta, but left school in 1963, without earning a degree.
Nelson Peltz House | House Palm Beach | Home | Home Palm Beach | Florida Home | Estate | Mansion
Nelson resides at his home Montsorrel, in Palm Beach, Florida. In 2015, Nelson began a refurbishment and expansion project for the property. Nelson also resides in Bedford, New York. His $ 76 million, 44,000sq ft home has five bedrooms and ten bathrooms with more than 20,000 square feet of space. This tremendous mansion is in a fabulous location. The dramatic water views from the mansion offer a pleasant feeling. Furthermore, the estate was built in 1965 but still looks elegant and in excellent physical condition. Similarly, this extensive single-family residence of Nelson spreads over several acres of land.
Nelson Peltz Disney | Disney Presentation | Disney Slides
In January 2023, he officially launched a proxy fight with Disney. Nelson did not support the reappointment of Bob Iger and the leaving of Bob Chapek in December 2022. Nelson’s goal at the time was looking to get a board seat at Disney. He ended the proxy fight on February 9, 2023.
Nelson Peltz Trian
He is the Chief Executive Officer and a Founding Partner of Trian Fund Management, L.P. (“Trian”), an investment management firm. Nelson has worked on the Boards of many major consumer goods companies such as The Procter & Gamble Company, H.J. Heinz Company, and Mondelez International, and for the investment management companies Legg Mason and Invesco, and the global foodservice leader Sysco Corporation. He is now also a non-executive Chairman of The Wendy’s Company and a director of Janus Henderson Group plc and Madison Square Garden Sports Corp.
Nelson Peltz Estee Lauder
In May 2023, he explored a possible shakeup at Estée Lauder that could include ousting the longtime CEO of the cosmetics giant and possibly pushing for a turnaround and eventual sale of the company. Nevertheless, insiders said Nelson appeared to be considering mounting a shareholder campaign that could have Estée Lauder CEO Fabrizio Freda in its crosshairs, as per the sources close to the situation.
Nelson Peltz Unilever
He was named as a Non-Executive Director of Unilever PLC in May 2022 and his appointment took effect on 20 July 2022. Nelson is a member of Unilever’s Compensation Committee.
Nelson Peltz Claudia Heffner
He married Claudia Heffner Peltz a businesswoman and retired model from the United States. The two married in 1985.
Nelson Peltz P&G
In October 2017, Nelson tried but failed to acquire a seat on the board of Procter & Gamble, where Trian has a 1.5% stake. On November 15, 2017, it was noticed that per a revision of all votes, which Nelson admitted to have resulted in a remarkably close battle, Nelson had in fact won the proxy battle, known as the largest in corporate history. On December 15, Procter & Gamble named Nelson to its board, although it stated that he had nominally lost the proxy vote. In February 2018, Nelson reported his departure from the board of Mondelez International, to be succeeded by Trian partner Peter May. In March 2018, Nelson joined the Procter & Gamble board of directors.
Nelson Peltz Activist Investor | Activist
In 1997, via an investment vehicle they controlled, Triarc Companies, Inc., Nelson, and Peter May acquired Snapple from Quaker Oats. Snapple, alongside other beverage brands, was sold to Cadbury Schweppes in 2000. The Snapple turnaround came featured as a Harvard Business School case study.
In 2005, Nelson, May, and Ed Garden created Trian Fund Management, L.P. As an activist investing firm, Trian has invested in such companies including Heinz, Cadbury, Kraft Foods, Ingersoll Rand, and Family Dollar. In 2006, Trian became involved in a proxy contest with Heinz to get five independent directors on the board of Heinz. It succeeded in getting two members on the board, including Nelson.
In 2007, Trian purchased a 3% share of Cadbury-Schweppes (Dr Pepper Snapple). Cadbury Schweppes Americas Beverages was later spun off from the Cadbury Schweppes confectionery group. In 2007, Trian also purchased $1.8 billion in shares of Kraft Foods, roughly 3% of the total equity of the food maker.
Nelson Peltz Political Affiliation | Politics
He has been described as a “notable Republican donor”, though Nelson has described his own sympathies as centrist, saying “This country operates way better between center-right and center-left”. Nelson is a longtime friend and supporter of Democratic U.S. Senator Joe Manchin, who has been credited with “keeping our elected officials somewhere in the middle”.
Nelson Peltz Wedding Planner
While Nicole was busy racking up wife tattoos, his new stepfather, investor Nelson Peltz, sued Nicole Braghin and Arianna Grijalba, who run the Miami-based event-planning firm Plan Design Events. Following Nelson (again, a billionaire) accused Braghin and Grijalba of failing to return a $159,000 deposit, the two ladies filed a countersuit seeking damages for breach of contract, calling him a “billionaire bully” and saying his family put them through wedding-planning hell.
In March 2023, Nelson filed to remove his wife, Claudia Peltz, and their daughter Nicola Peltz Beckham from a countersuit against him filed by wedding planners Nicole Braghin and Arianna Grijalba of Plan Design Events. He sued over the $159,000 previous deposit that he paid to Plan Design Events, because of a lack of movement in the planning process over their nine days of working together.
Nelson Peltz Young
He was the second of their two children and was brought up in the Cypress Hills section of Brooklyn, a sub-section of the East New York neighborhood. His brother is named Robert B. Peltz.
Nelson Peltz Yacht
His daughter Nicola made a stylish entrance following her arrival in St. Tropez on a speedboat after relaxing on their yacht. In 2022 Brooklyn Beckham and Nicola Peltz continued to enjoy their honeymoon as they soaked in the sun on a yacht in Portofino.
Nelson Peltz Cnbc
As per CNBC, on February 15, 2011, Trian offered to buy Family Dollar for $55–60 per share. In 2020, Nelson organized a fundraiser in support of the re-election campaign of President Donald Trump, but after the storming of the United States Capitol on January 6, 2021, Nelson said on CNBC on January 7, “I voted for [Trump] in this past election in November. Today I’m sorry I did that.”
Nelson Peltz David Beckham
Nelson’s daughter married David Beckham’s son Brooklyn Beckham in 2022 in a wedding ceremony attended by 500 guests at Nelson’s oceanfront estate in Palm Beach.
Nelson Peltz Net Worth
Nelson gets his wealth from his work as a billionaire businessman and investor who is the founder of Trian Fund Management together with Peter W. May and Edward P. Garden. Therefore, Nelson has accumulated a decent fortune over the years. Nelson’s net worth is $1.5 billion.
How Old Is Nelson Peltz
Nelson is an 81-year-old who was born on June 24, 1942, in New York City, in the United States. Nelson celebrates his birthday on June 24, every year.
How Tall Is Nelson Peltz
Nelson is a man of above-average stature who stands at a height of 5 ft 9 in ( Approx. 1.75m ).
Who Is Nelson Peltz
He is an American activist investor who is a founder of the investment firm Trian Fund Management. He now has $8.5 billion in assets under management. In early 2017, Nelson battled with Proctor & Gamble over a board seat the company didn’t want to grant him. Nelson ultimately won the seat.