Peter Schiff Net Worth 2020, Biography, Early Life, Education, Career and Achievement
Peter Schiff Net Worth – Peter Schiff is an American businessman, broker, author, and commentator who has a net worth of $70 million dollars.
Peter Schiff was born in New Haven, Connecticut, in 1963, and earned his accounting and finance degree from the University of California-Berkeley in 1987.
Early Life, Family, and Education
Peter David Schiff was born on March 23, 1963, in New Haven, Connecticut, USA into a middle-class family. His father, Irwin, was the son of a Jewish immigrant from Poland, who served in the US Army during World War II.
His parents divorced when he was young and he was brought up with his brother by his mother who moved around till they finally settled down in Southern California.
He credits his father for introducing him to the Austrian School of economic thought. His father was sentenced to 13 years imprisonment for tax evasion and died in prison in 2015.
Schiff completed his schooling from Beverly Hills High School and went on to do his Bachelor of Science degree, with a double major in Finance and Accounting, from the University of California, Berkeley in 1987.
He lives in Connecticut with his wife, Lauren, and their two children. He is married to Lauren Schiff and resides with his family in Puerto Rico.
The couple has two children named Spencer and Preston. In October 2015, he accused the Federal Bureau of Prisons of inhumanly treating his father, which led to his death in prison.
Peter Schiff Career
He started his career in the finance world as a stockbroker until he and a partner acquired an old brokerage firm and took it over.
Named Euro Pacific Capital, it began in Los Angeles before moving to Connecticut in the mid-2000s. Schiff is Euro Pacific Capital’s CEO and chief global strategist.
He gained international attention for correctly predicting the housing crisis of 2008. Schiff is a frequent financial commentator on networks such as CNBC, Fox News, and Bloomberg TV.
He hosts his own radio show broadcast over the Internet called “The Peter Schiff Show“.
He frequently takes a bullish approach to commodities and foreign finances, with a bearish view on the U.S. dollar and economy.
The six-time author’s 2007 book, “Crash Proof: How to Profit From the Coming Economic Collapse”, is a “New York Times” bestseller.
In 2010, he ran for the U.S. Senate seat in Connecticut during the Republican Primary but lost to Linda McMahon.
Peter Schiff Net Worth and Achievements
Despite being nicknamed ‘Dr. Doom’ and making predictions that were not easy for politicians in power to digest, Peter Schiff had the true pulse of the market and made sound investments for his clients.
He has been named ‘Man of the Year 2010’ and bestowed with the ‘Hustle Bear Award’.
He is a strong supporter of the Libertarian Party and contested for the Republican nomination to the 2010 United States Senate elections in Connecticut.
Today Peter Schiff is a respected economist with a net worth estimated to be over $ 70 million.