Richard Peery (born 1938 or 1939) is an American

billionaire A billionaire is a person with a net worth of at least 1,000,000,000, one billion units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. It is a sub-category of the concept of the ultr ...

real estate developer.

Early life

Richard Peery is the son of Taylor Peery, who graduated from

Stanford University Leland Stanford Junior University, commonly referred to as Stanford University, is a Private university, private research university in Stanford, California, United States. It was founded in 1885 by railroad magnate Leland Stanford (the eighth ...

in 1927 and

Stanford Business School The Stanford Graduate School of Business is the graduate business school of Stanford University, a private research university in Stanford, California. For several years it has been the most selective business school in the United States, adm ...

in 1929 before a career in banking and real estate. Richard has a bachelor's degree from

Brigham Young University Brigham Young University (BYU) is a Private education, private research university in Provo, Utah, United States. It was founded in 1875 by religious leader Brigham Young and is the flagship university of the Church Educational System sponsore ...

and dropped out of the MBA program at Stanford.

Career

In his 20s, he took over the management of his father's property portfolio. In the 1960s, he teamed up with fellow real estate developer

John Arrillaga John Arrillaga (April 3, 1937 – January 24, 2022) was an American billionaire real estate developer and Philanthropy, philanthropist who was one of the largest landowners in Silicon Valley. He was also a college basketball player when he atten ...

, who died in 2022. Together, they bought Silicon Valley farmland to create office parks and became billionaires. Peery owns about 3.3 million square feet of office space, with tenants including

Google Google LLC (, ) is an American multinational corporation and technology company focusing on online advertising, search engine technology, cloud computing, computer software, quantum computing, e-commerce, consumer electronics, and artificial ...

and

Intuit Intuit Inc. is an American multinational business software company that specializes in financial software. The company is headquartered in Mountain View, California, and the CEO is Sasan Goodarzi. Intuit's products include the tax preparati ...

. He is active in philanthropy through the Peery Foundation. As of June 2020, he had a net worth of US$2.7 billion, ranking him No. 319 on the

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

400 list of the richest people in America.

Personal life

He is married to Mimi Peery and is the brother of Nancy Peery Marriott. Richard and Mimi have four children: Dennis, Jason, Jennifer, and David. He lives in

Palo Alto, California Palo Alto ( ; Spanish language, Spanish for ) is a charter city in northwestern Santa Clara County, California, United States, in the San Francisco Bay Area, named after a Sequoia sempervirens, coastal redwood tree known as El Palo Alto. Th ...

. He is a member of

The Church of Jesus Christ of Latter-day Saints The Church of Jesus Christ of Latter-day Saints, informally known as the LDS Church or Mormon Church, is a Nontrinitarianism, nontrinitarian Restorationism, restorationist Christianity, Christian Christian denomination, denomination and the ...

References

{{DEFAULTSORT:Peery, Richard 1930s births Living people Businesspeople from Palo Alto, California Brigham Young University alumni Philanthropists from California American billionaires Year of birth missing (living people)