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Nelson Peltz

American billionaire businessman and investor

Nelson Peltz, born on June 24, 1942, is a founding partner of Trian Partners. He serves as non-executive chairman of Wendy's Company, Sysco, and The Madison Square Garden Company. Peltz has held director positions in notable companies and was a former CEO of Triangle Industries.

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Timeline

Birth of Nelson Peltz

Nelson Peltz, an American billionaire businessman and investor, was born in Brooklyn, New York. He is known for being a founding partner of Trian Partners, an alternative investment management fund.

Joining A. Peltz & Sons

In 1963, Nelson Peltz joined A. Peltz & Sons, a wholesale food distribution business founded by his grandfather in 1896, starting as a delivery truck driver.

Marriage to Cynthia Abrams

In 1964, Nelson Peltz married Cynthia Abrams, daughter of Benjamin Abrams, co-founder of Emerson Radio & Phonograph Corporation. The couple later divorced in 1981 and had two children together.

Nelson Peltz sells his first company

In 1972, Nelson Peltz sold his first company, marking the beginning of his career as an investor and businessman.

Nelson Peltz Takes Flagstaff Corp. Public

Nelson Peltz, along with his brother and business partner, took their company, then called Flagstaff Corp., public with $150 million in sales. This marked a significant milestone in Peltz's business career.

Peltz transforms private company into publicly held company

Between 1963 and 1978, Nelson Peltz transformed a $2.5-million private company into a $150-million publicly held company, marking a significant financial achievement.

Sale of Foodservice Business Division

In 1979, Nelson Peltz sold the foodservice business division of Flagstaff Corp. to a group of investors, marking one of his many successful financial transactions in the food industry.

Peltz and May take over Triangle Industries

In 1983, Nelson Peltz and Peter May took over Triangle Industries, and within five years, the company became the world's largest packaging company with significant financial growth.

Marriage to Claudia Heffner

In 1985, Nelson Peltz married Claudia Heffner, a former fashion model, with whom he has eight children. Despite not converting to Judaism, their sons had bar mitzvahs.

Birth of Will Peltz

Nelson Peltz's son, Will Peltz, was born in 1986. He is known for his work as an actor.

Quaker buys Snapple

In 1993, Quaker bought the high-profile beverage company Snapple for $1.7 billion, but by 1997, Snapple's value had decreased, and Quaker sold it to Triarc for $300 million.

Birth of Nicola Peltz

Nelson Peltz's daughter, Nicola Peltz, was born in 1995. She is known for her acting career.

Acquisition of Snapple by Triarc Companies, Inc.

In 1997, Nelson Peltz and Peter May purchased Snapple from Quaker Oats for $300 million through their investment vehicle, Triarc Companies, Inc. They managed to revitalize the company and later sold it to Cadbury's Schweppes for over $1.45 billion.

Forbes' 400 List

In 2004, Nelson Peltz was ranked No. 278 on the Forbes' 400 List with an estimated net worth of $1 billion, solidifying his position as one of America's richest businessmen.

Nelson Peltz joins Wendy's board

Nelson Peltz has been a member of Wendy's board since the establishment of Trian Partners in November 2005. Wendy's shares have consistently lagged behind the S&P performance annually during his tenure.

Nelson Peltz appointed non-executive Chairman of The Wendy's Company

In 2007, Nelson Peltz was appointed as the non-executive Chairman of The Wendy's Company.

Nelson Peltz joins Legg Mason Board

Nelson Peltz started his first term on the Legg Mason board in October 2009. Unfortunately, Legg Mason's shares did not perform well relative to the S&P 500 while he was on the board.

Nelson Peltz named among most influential people in global corporate governance

In 2010, Nelson Peltz was recognized by the National Association of Corporate Directors (NACD) as one of the most influential figures in the realm of global corporate governance.

Nelson Peltz joins Family Dollar's board

Nelson Peltz became a member of Family Dollar's board in September 2011. During his tenure, Family Dollar shares performed below the S&P 500 by 4.11% annually.

Nelson Peltz recognized for influence in global corporate governance

In 2012, Nelson Peltz was recognized by the National Association of Corporate Directors (NACD) for his impact and influence in the sphere of global corporate governance.

Nelson Peltz joins Mondelez's Board

Nelson Peltz became a board member of Mondelez in January 2014. During his tenure from January 2014 to March 2018, Mondelez's shares performed 3.59% lower annually compared to the S&P, and its TSR lagged behind the S&P by 4.14% annually.

Forbes Recognition as Top Hedge Fund Manager

In February 2014, Forbes listed Nelson Peltz as one of the top-earning hedge fund managers in 2013, with significant earnings.

Nelson Peltz leaves Family Dollar's board

Nelson Peltz stepped down from Family Dollar's board in July 2015. During his time on the board, Family Dollar's TSR trailed behind by 5.25% annually.

Nelson Peltz becomes a Board Member of Sysco

Nelson Peltz joined Sysco's board in August 2015. Throughout his term from August 2015 to August 2021, Sysco's shares underperformed the S&P 500 by 2.88% annually, and its TSR trailed by 2.22% annually.

Nelson Peltz serving on MSG Sports board

Nelson Peltz has been a member of the MSG Sports board since October 2015. During his tenure, MSG Sports shares have consistently underperformed the S&P 500 by 4.93% annually, and TSR has lagged behind by 6.32% annually.

Net Worth According to Forbes

As of February 2017, Forbes reported Nelson Peltz's net worth to be $1.51 billion, ranking him among the wealthiest individuals in the US.

Fundraiser for Donald Trump's Re-election Campaign

In 2020, Nelson Peltz organized a fundraiser in support of President Donald Trump's re-election campaign.

Statement on Voting for Donald Trump

Following the storming of the United States Capitol on January 6, 2021, Nelson Peltz expressed regret for voting for Donald Trump in the past election.

Nicola Peltz's Wedding to Brooklyn Beckham

Nelson Peltz's daughter, Nicola Peltz, married Brooklyn Beckham in a Jewish ceremony on April 9, 2022.

Disney Proxy Fight with Nelson Peltz

The Walt Disney Co. faced a significant proxy fight with Nelson Peltz, Trian, and Blackwells over new corporate board directors. The battle was intense and costly, reflecting the ongoing power struggles in the entertainment industry.

End of the Timeline
Nelson Peltz

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