Peter Morton Net Worth

Age, Biography and Wiki

💰 Net worth: $800 million (2024)

Peter Morton, a well-known entrepreneur based in Illinois, is estimated to have a net worth of $800 million by the year 2024. With an impressive career in various business ventures, Morton has made his mark in the world of entrepreneurship. Starting from humble beginnings, he has displayed exceptional business acumen, which has enabled him to amass such a substantial fortune. With his sharp instincts and strategic decision-making, Peter Morton has successfully navigated the competitive industry, leading to his remarkable financial success.

About

Best known as the co-founder of the Hard Rock Café restaurant chain, this Illinois-born entrepreneur donated some of his fortune to the University of California, Los Angeles. The UCLA Medical Plaza subsequently became the Peter Morton Medical Building.

Before Fame

He earned a degree in restaurant and hotel management from the University of Denver. He opened his first Hard Rock Cafe in London, England, in the early 1970s.

Trivia

In the early 2000s, after selling the one branch of the Hard Rock Cafe that he still owned (the Hard Rock Hotel & Casino in Las Vegas, Nevada), he opened a popular Los Angeles restaurant called Morton's.

Family Life

His father, Arnie Morton, founded the Morton's Steakhouse restaurant chain. Peter Morton's first marriage, to model Paulene Stone, resulted in a son named Harry (who went on to found the Pink Taco chain), and his second marriage, to Tarlton Pauley, produced a son (Matthew) and a daughter (Grace).

Associated With

His son Harry once dated actress Lindsay Lohan.