Richard Peery
$3.6B
Born
Oct 01, 1938
Age
87
Source of Wealth
Real estate
Residence
Palo Alto, California
Citizenship
United States
Marital Status
Married
Children
4
Education
Bachelor of Arts/Science, Brigham Young University
- Early Silicon Valley property baron Richard "Dick" Peery partnered with John Arrillaga, buying farmland in the 1960s and turning it into office parks.
- Peery's longtime business partner since the 1960s, Arrillaga died in early 2022.
- In 2006 Peery and Arrillaga sold many of their buildings for $1.1 billion.
- Peery, who dropped out of the Stanford MBA program, had gained early experience managing his father's small property portfolio.
- His son Dave runs the Peery Foundation, whose grantees include both Bay Area and international nonprofit groups.
- He and his sister endowed Brigham Young University with $3 million to establish the H. Taylor Peery Institute of Financial Services, named after their late father.
- Peery owned every gum ball machine on the Stanford campus when he was in middle school and went on to launch a miniature golf course in his teens.
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