| Who is it? | Entrepreneur, Tailor, Businessperson |
| Birth Day | July 11, 1957 |
| Birth Place | United States |
| Tom Petters age | 66 YEARS OLD |
| Birth Sign | Cancer |
| Net Worth: | $50 Thousand |
| Gender: | Male |
Tom Petters, a renowned entrepreneur, tailor, and businessperson in the United States, is estimated to have a net worth of $50 thousand in 2024. Throughout his successful career, Petters has made significant contributions to various industries and gained recognition for his innovative ideas and relentless work ethic. With his expertise in entrepreneurship and his remarkable skills as a tailor, Petters has achieved both financial success and admiration from his peers. Despite facing challenges and adversity along the way, he has proven his determination and commitment to his craft, leaving a lasting impact on the business world.
Tom Petters Net Worth: Tom Petters is an American businessman who has a net worth of $50 thousand. Tom Petters was born in St. Cloud, Minnesota in July 1957. He was the chairman and CEO of Petters Group Worldwide but was convicted of massive business fraud in 2009. Petters is imprisoned at the United States Penitentiary, Leavenworth.
He resigned as his company's CEO in September 2008 and was convicted of numerous federal crimes for operating Petters Group Worldwide as a Ponzi scheme worth $3.65 billion. Petters received a 50 year federal sentence. Petters was convicted of 10 counts of wire fraud, 3 counts of mail fraud, 5 counts of money laundering, and a count each of conspiracy to commit mail and wire fraud and of conspiracy to commit money laundering.
Petters started a mail-order stereo company called Ear Electronics while he was in high school. He purchased five electronics stores in Colorado and Kansas. He founded Amicus Trading and later changed the name to The Petters Company. He started Petters Warehouse Direct to sell closeout and overstock merchandise. Petters teamed up with Fingerhut Companies Inc. to start the new online store Redtagbiz.com.
