Peter Palandjian is a prominent figure in the business world, known for his entrepreneurial spirit and dedication to social responsibility. He is the CEO and Chairman of Intercontinental Real Estate Corporation, a leading real estate investment firm with a portfolio of over $10 billion in assets.
Peter’s career spans across several industries, including finance, sports, and sustainable development. He has also made significant contributions to philanthropy, supporting various charitable organizations through his foundation.
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Early Life and Education
Peter Palandjian was born on January 12, 1964, in Boston, Massachusetts. He is of Armenian descent and grew up in a family of seven children. His father was a World War II veteran and a businessman, while his mother was a teacher. Peter attended Phillips Academy in Andover, Massachusetts, and went on to study economics at Harvard University, where he graduated with honors.
Career Overview
After graduating from Harvard, Peter Palandjian started his career in finance. He worked as an investment banker at Goldman Sachs, where he gained experience in mergers and acquisitions. He then went on to earn his MBA from Harvard Business School and joined the Boston-based private equity firm, Intercontinental Real Estate Corporation.
Real Estate Ventures
Peter Palandjian’s career in real estate began in 1993 when he co-founded Intercontinental Real Estate Corporation with his father, George. The company has since grown into a leading real estate investment firm that manages more than $10 billion in assets. It specializes in acquiring, developing, and managing commercial properties, including office buildings, hotels, and retail centers, among others.
Under Peter’s leadership, Intercontinental has made significant acquisitions, including the $440 million purchase of a 12-building office complex in California in 2018. The company’s sustainable development practices have earned it multiple awards for its environmental initiatives.
Sports Ventures
Besides his real estate career, Peter Palandjian is involved in the sports industry. He is the CEO of Intercontinental Real Estate Corporation’s subsidiary, Intercontinental Exchange (ICE), which owns the Boston Bruins, a professional ice hockey team in the National Hockey League (NHL).
In addition to his involvement with the Boston Bruins, Peter is also a board member of the United States Tennis Association (USTA) and a former professional tennis player himself. He has competed in several professional tournaments, including the Wimbledon Championships.
Philanthropy
Peter Palandjian has a reputation for his philanthropic endeavors, as he actively participates in various charitable organizations, such as the Boys and Girls Clubs of America, the Harvard Business School, and the Armenian International Women’s Association, among others.
He has also established his own philanthropic foundation, the Peter and Karen Palandjian Family Foundation, which supports education, healthcare, and the arts. The foundation has donated millions of dollars to various causes, including cancer research, education initiatives, and environmental sustainability.
Personal Life
Peter Palandjian is married to tennis legend, Lisa Raymond, and they have two children together. Lisa is a former world No. 1 doubles player and has won multiple Grand Slam titles in her career. The couple lives in Boston, Massachusetts, and is renowned for actively participating in the community and engaging in philanthropic endeavors.
Net Worth
Peter Palandjian’s net worth is estimated to be around $2 billion. His wealth comes primarily from his career in real estate, as well as his ownership of the Boston Bruins and other sports ventures. He is one of the wealthiest Armenian-Americans in the world.
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FAQs:
Q: What is net worth?
A: He net worth is estimated to be around $2 billion.
Q: What is Intercontinental Real Estate Corporation?
A: Intercontinental Real Estate Corporation is a leading real estate investment firm that manages more than $10 billion in assets. It specializes in acquiring, developing, and managing commercial properties, including office buildings, hotels, and retail centers.
Q: What sports ventures is Peter Palandjian involved in?
A: He is the CEO of Intercontinental Real Estate Corporation’s subsidiary, Intercontinental Exchange (ICE), which owns the Boston Bruins, a professional ice hockey team in the National Hockey League (NHL). He is also a board member of the United States Tennis Association (USTA) and a former professional tennis player.
Q: What philanthropic organizations is Peter Palandjian involved in?
A: Peter Palandjian actively participates in various charitable organizations, such as the Boys and Girls Clubs of America, the Harvard Business School, and the Armenian International Women’s Association, among others. He has also established his own philanthropic foundation, the Peter and Karen Palandjian Family Foundation.
Q: Who is Peter Palandjian’s wife?
A: He is married to Lisa Raymond, a former world No. 1 doubles player in tennis.
Conclusion:
Peter Palandjian impressive career in finance, real estate, and sports has made him a notable figure in the business world. He has made significant contributions to various industries, including sustainable development, sports, and philanthropy.
Through his philanthropic efforts, Peter has helped to improve the lives of many individuals and communities. His success story is an inspiration to many, and his entrepreneurial spirit and dedication to social responsibility serve as a model for future business leaders.