Don Peebles has established himself as one of the most influential figures in real estate development. With a career spanning decades, he has built a massive fortune through a series of successful real estate projects, notably in Miami and New York.
His journey through public-private partnerships and luxury developments has secured his position among the most successful entrepreneurs. In this article, brought to you by WorldofCeos, we dive deep into Don Peebles net worth, his career achievements, and how his ventures continue to contribute to his financial success.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Roy Donahue Peebles |
| Popular Name | Don Peebles |
| Gender | Male |
| Birth Date | March 2, 1960 |
| Age | 64 |
| Parents | Ruth Yvonne Willoughby, Roy Donahue Peebles Sr. |
| Siblings | N/A |
| Birthplace | Washington, D.C. |
| Nationality | American |
| Ethnicity | African American |
| Education | Rutgers University Newark School of Law, Rutgers University–New Brunswick |
| Marital Status | Married |
| Spouse | Katrina Peebles |
| Children | Two (Donahue Peebles III, Chloe Peebles) |
| Dating | N/A |
| Net Worth | $350 million |
| Source of Wealth | Real estate development |
| Height | N/A |
What is the Net Worth of Don Peebles in 2024?
As of 2024, Don Peebles’ net worth is estimated to be around $350 million, making him one of the most successful real estate developers in the United States. His business ventures, particularly in luxury real estate, have contributed significantly to his fortune. When compared to other individuals in the real estate and business world, Peebles’ wealth is substantial, though he stands below some of the world’s leading billionaires.
Some related figures in the business include:
- The Peebles Corporation
- Katrina Peebles
- Bill Clinton
- Barack Obama
- Royal Palm Hotel
- Mardi Gras Hotel & Casino
- Affirmation Tower
- Las Vegas
- Miami Beach
- Barack Obama
For a deeper look into wealthy CEOs around the globe, check out the world’s wealthiest executives.
Salary and Finance Overview
How He Built His Wealth Through Real Estate Development
Don Peebles‘ wealth has been primarily accumulated through his impressive real estate ventures. From his early days in Washington, D.C., Peebles laid the foundation for a long-lasting career by founding The Peebles Corporation in 1983. His projects are focused on public-private partnerships, which have allowed him to undertake significant urban development projects. Some of the notable projects include the Royal Palm Hotel in Miami and The Bath Club.
Over time, these developments have not only helped Don Peebles establish his financial empire but have also positioned him as one of the most prominent African American developers in the country.
His Major Real Estate Projects and Investments
Don Peebles’ real estate portfolio includes some of the most exclusive properties in the United States. His first significant venture was the Royal Palm Hotel, which he acquired in 1996. This project was revolutionary, as Peebles became the first African American to own and develop a major hotel. He later sold the hotel for a remarkable $127.5 million.
In addition to the Royal Palm, Peebles developed The Bath Club in Miami Beach, a luxury residential property known for its exclusivity. His other investments include properties in Las Vegas, where he owns the Mardi Gras Hotel & Casino, and New York City, where he has been involved in several high-profile real estate projects.
Business Ventures That Contributed to His Income
While real estate remains the primary source of Don Peebles’ wealth, he has diversified into other ventures. These include his involvement in various political fundraising campaigns and high-profile partnerships. For instance, Peebles’ role in national politics, including his support for Bill Clinton and Barack Obama, has not only raised his public profile but also opened doors for new business opportunities.
Peebles is also the author of two successful books: The Peebles Principles and The Peebles Path to Real Estate Wealth. These books have further added to his income while positioning him as a thought leader in the real estate industry.
Achievements That Led to Recognition and Awards
Throughout his career, Don Peebles has received numerous accolades for his work in both business and philanthropy. His Reginald F. Lewis Award for Entrepreneurship and the TheGrio Business Icon Award are just a few of the notable recognitions he has earned. These achievements underscore Peebles’ influence not only as a real estate developer but also as a philanthropist committed to empowering underserved communities.
He has also been recognized by Black Enterprise Magazine as one of the “Business Trailblazers and Titans of Black America,” further emphasizing his significance in the business world.
How His Philanthropic Efforts Align With His Business Success
Philanthropy plays a significant role in Don Peebles’ life, complementing his business success. He has been involved with several organizations, including the Congressional Black Caucus Foundation and CARE Elementary School in Miami. His focus on providing educational opportunities and economic empowerment to minority communities aligns with his business philosophy of creating opportunities for underrepresented groups.
Peebles’ philanthropic work not only reflects his personal values but also enhances his business reputation, as many of his projects prioritize community development and affordable housing.
His Political Involvement and Support for Democratic Leaders
Peebles has long been a supporter of the Democratic Party, with active roles in the campaigns of Bill Clinton and Barack Obama. He has hosted political fundraisers and worked closely with key figures in U.S. politics. These relationships have likely contributed to his business success, as they provide him with a powerful network of allies.
While Peebles has considered running for office himself, he has ultimately decided to remain focused on his business and philanthropic endeavors. However, his political influence cannot be ignored when assessing his overall career.
FAQs About Don Peebles
What is his primary source of income?
Don Peebles’ main source of income comes from real estate development, with a focus on luxury properties and public-private partnerships.
What is his most notable project?
The Royal Palm Hotel in Miami is one of his most significant real estate projects, marking a milestone as the first African American to own a major hotel.
How did he start his career in real estate?
Peebles began his career by founding The Peebles Corporation in 1983, starting with real estate appraisal and moving into large-scale development projects.
Who is his spouse?
He is married to Katrina Peebles, a former PR executive who now serves on the Board of Directors for The Peebles Corporation.
What is his involvement in politics?
Peebles has been a strong supporter of Democratic leaders, including Bill Clinton and Barack Obama, actively fundraising and hosting events.
Has he authored any books?
Yes, Don Peebles has written two books: The Peebles Principles and The Peebles Path to Real Estate Wealth.
Where does he currently reside?
He splits his time between Miami Beach, New York City, and Sag Harbor, alongside his wife and children.
What awards has he received?
Don Peebles has received numerous awards, including the Reginald F. Lewis Award and the TheGrio Business Icon Award.
Conclusion
Don Peebles has cemented his legacy as a successful real estate mogul and philanthropist. His story is one of perseverance and vision, making him a true icon in the business world. For more insights into the lives of successful CEOs, visit WorldofCeos. Feel free to leave a comment or share this article!
