Peter Sperling’s profile picture

Peter Sperling

Peter Sperling’s profile picture
Net worth 2018: $1.4 Billion
Industry: Service
Residence: Phoenix, Arizona
Country: United States
Children: 2
Education: Bachelor of Arts / Science, University of California, Santa Barbara; Master of Business Administration, University of Phoenix
BIOGRAPHY

Peter Sperling was born in Phoenix, Arizona, United States. Peter Sperling is #1636 in List Billionaires People In The World. Peter Sperling is the son of John Sperling, the for-profit education pioneer who founded the University of Phoenix and its parent company, Apollo Education Group. Peter joined the business in 1983, a decade after his father founded it, and became Apollo's chairman in 2012. In February 2017, Apollo was acquired by a consortium of investors that includes private equity firms Vistria Group and Apollo Global Management. The company, which had gone public in 1994, was taken private in the $1.1 billion deal, and Sperling was replaced as chairman. He had been a big investor in the company until shares started declining in 2009 as enrollment dropped in the system, which offers classes online and at a patchwork of campuses in dozens of states. He then began unloading most of his stake despite continuing to work in the management of the business.

NET WORTH STATISTIC
2009

$1.25 Billion

2010

$1.15 Billion

2011

$1.15 Billion

2012

$1.15 Billion

2013

$1.15 Billion

2014

$1.3 Billion

2015

$1.3 Billion

2016

$1.2 Billion

2017

$1.4 Billion

2018

$1.4 Billion

TIMELINE
Peter V. Sperling (born 1960) is one of the 400 wealthiest Americans, and the son of John Sperling. He is the Chairman of Apollo Group, and a co-founder and Chairman of CallWave, Inc. He earned his Bachelor of Arts degree in economics from the University of California at Santa Barbara and his MBA from the University of Phoenix.Sperling sponsored and financially backed Proposition 7 of California's November 2008 general election.
(3.9/120 votes)
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