Peter Kellogg

About Peter Kellogg

Birth Day: September 05, 1942
Birth Place: Short Hills, New Jersey, United States
Birth Sign: Libra
Residence: Short Hills, New Jersey, US
Alma mater: Babson College (dropped out)
Spouse(s): married
Children: 3
Parent(s): James C. Kellogg III

Peter Kellogg Net Worth

Peter Kellogg was bornon September 05, 1942 in Short Hills, New Jersey, United States. Peter Kellogg sold brokerage house Spear, Leeds & Kellogg to Goldman Sachs for $6.5 billion in cash and stock in 2000. Kellogg joined the firm, where his father was a partner, in 1973 and took over several years later. Under his leadership, the firm became the first specialist brokerage to control more than 10% of the stocks trading on the New York Stock Exchange. After selling to Goldman in 2000, Kellogg turned his attention to reinsurance outfit IAT, which he led as CEO until 2015 and still chairs. Kellogg has donated more than $4 million to the U.S. ski and snowboarding teams.
Peter Kellogg is a member of Investments

💰 Net worth: $3.4 Billion (Updated at 22 June 2018)

2009 $3 Billion
2010 $2.8 Billion
2011 $2.3 Billion
2012 $2.1 Billion
2013 $3 Billion
2014 $3.2 Billion
2015 $3.4 Billion
2016 $2.8 Billion
2017 $3.5 Billion
2018 $3.73 Billion

Some Peter Kellogg images

Biography/Timeline

1967

Peter attended Babson College in Wellesley, MA and the Berkshire School in Sheffield, MA. He is the son of James Crane Kellogg, III of Wall Street specialist firm Spear, Leeds & Kellogg; he joined his father's firm in 1967 after working at Dominick & Dominick. His fortune is primarily from his successful leadership of Spear, Leeds & Kellogg in the 1980s through to its sale in 2000 to Goldman Sachs for a reported $6.5 billion. Kellogg attended Babson College, but later dropped out.

2002

Spear, Leeds was fined $1 million in 2002 by the AMEX and ordered to conduct a review of the supervision of its clearance and specialist operations on the AMEX floor. This came in the wake of a violation of AMEX trading rules in the mid-1990s by a Spear Leeds employee who the AMEX found was not properly supervised by the firm. The employee, who was fined $100,000 and barred from the industry, was reported in the news media to have testified that his actions were known to senior Spear Leeds officials, including Kellogg.

2003

The NASD had publicly announced on November 3, 2003 that it “filed a disciplinary action against Peter Kellogg alleging that he directed fraudulent wash trades and matched trades between four accounts he controlled”. Wash sales are trades of securities without a real change in ownership of the securities traded. Matched orders are orders to buy or sell securities that are entered with knowledge that a matching order on the opposite side has been or will be entered.

2004

The NASD subsequently announced on August 6, 2004 that an NASD panel convened to hear the case dismissed this complaint against Kellogg alleging that he engaged in fraudulent wash and matched trades during August 2001. The public notice stated that "The Hearing Panel found that there was no evidence that Kellogg carried out the four transactions at issue with the intention to defraud, manipulate or deceive. Rather, the panel found that Kellogg conducted the transactions for legitimate Business and tax purposes.”