Peter Ueberroth Net Worth is$100 Million
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Profession: Businessperson

Date of Birth: Sep 2, 1937

Nicknames: Peter V Ueberroth

Country: United States of America

Net Worth: View Peter Ueberroth Net Worth

Peter Ueberroth is an American Executive and was the recent chairman of the United States Olympic Committee who has a net worth of $100 million. Peter Ueberroth has earned his net worth as the sixth Commissioner of the MLB, as chairman of the US Olympic Committee and as a business Executive. He began his career as the Vice President and shareholder of Trans International Airlines and as founder of the First Travel Corporation which he sold in 1980. He then became the organizer of the 1984 Summer Olympics and was given the title of Man of the Year by Time Magazine as well as receiving the Olympic Order in gold. As baseball Commissioner Ueberroth settled many labor disputes with the team players and Major League Umpires Association. During his first year as Baseball Commissioner he expanded the League Championship Series from best of five to best of seven and found a way to get large companies to sponsor the MLB by having the players endorse their products. In 1989 Ueberroth stepped down as commissioner because of his bringing about a secretive agreement between the owners and not allowing players to become free agents, as well as cutting player salaries. But during his time as commissioner for the MLB there were many improvements, including anti-drug campaigns, alcohol and crowd control, record attendance and financial improvement. After Ueberroth left his position as Commissioner of the MLB he purchased the Pebble Beach golf course and became part owner with Clint Eastwood and Arnold Palmer. He also ran for Governor of California, but pulled out of the race in 2003. He has also held the positions as director of the Coca-Cola Company, director of Adecco S.A., chairman of the Contrarian Group, director of Hilton Hotels, co-chairman of the Pebble Beach Company, chairman of Ambassadors International, chairman of the U.S. Olympic Committee Board of Directors and Life Trustee of the University of California. Peter Ueberroth was born in Evanston, Illinois in 1937 and attended Fremont High School and the San Jose State University. He is married to Ginny Ueberroth and together they founded the Sage Hill School. Their son, Joseph, took over the position of director of Ambassadors International in 2006.
Peter Victor Ueberroth (/'ju:b?r??/; born September 2, 1937) is an American executive. He served as the sixth Commissioner of Major League Baseball from 1984 to 1989. He was recently the chairman of the United States Olympic Committee; he was replaced by Larry Probst in October 2008.
Although Ueberroth was born in Evanston, Illinois, he grew up in northern California. While attending Fremont High School, Ueberroth excelled in football, baseball, and swimming. After graduating from high school, Ueberroth attended San Jose State University on an athletic scholarship. While attending San Jose State he joined Delta Upsilon. He competed in the 1956 United States Olympic water polo trials but failed to make the team. Ueberroth ultimately graduated from San Jose State in 1959 with a degree in business.

After college, Ueberroth became a vice president and shareholder in Trans International Airlines (he was 22 years old at the time). Ueberroth worked at Trans International until 1963, when he founded his own travel company, which would become First Travel Corporation. By the time he sold First Travel in 1980, it was the second largest travel business in North America.

For five years Ueberroth served as the organizer of the 1984 Summer Olympics held in Los Angeles. He was a prominent figure in the games, receiving the Olympic Order in gold at its conclusion. Due to the success of the games, he was named Time magazine's Man of the Year in 1984. Under Ueberroth's leadership and management, the first privately financed Olympic Games resulted in a surplus of nearly $250 million. This was subsequently used to support youth and sports activities throughout the United States. Coincidentally, he was born on the day on which the founder of the modern Olympic Games, Baron Pierre de Coubertin, died.

Ueberroth created a committee of over 150 members (mostly business people and entrepreneurs) to generate ideas, opportunities and solve problems.[citation

Peter Ueberroth Latest News

Clippers use late runs to top Wings

1985 - Commissioner Peter Ueberroth announced a tentative agreement ending a two-day strike. The season resumed Aug. 8. 1992 - The Giants announce that the team has been sold to Tampa Bay investors for a reported $110 million and will move to St ...
Posted: August 7, 2017, 8:22 pm

Reminiscence: Arnold Announces for Governor

So when I was asked to join the fledgling campaign of former Major League Baseball commissioner and president of the 1984 Los Angeles Summer Olympics, Peter Ueberroth, I agreed on the condition that if Arnold decided to run I would fulfill my commitment to ...
Posted: August 8, 2017, 6:22 am

Major League Baseball gets it right again with treatment of Smith, Bartman

When then-new baseball commissioner Peter Ueberroth heard the story, he took away individual teams’ power to set locker room policy or bar any credentialed writer, but a few players still refused to be interviewed by a woman in the locker room.
Posted: August 10, 2017, 8:33 am

Los Angeles redefines 'compromise' in latest Olympic bidding duel

Just like Peter Ueberroth did when he negotiated that groundbreaking agreement with the IOC in 1984. "[LA2024 chairman Casey Wasserman] and the mayor, they know their success will not be measured against Tokyo [in 2020] or Rio, but rather that of Peter ...
Posted: July 31, 2017, 8:00 pm

Peter Ueberroth: The Gold Standard

Peter Ueberroth’s life changed in an instant when he was a student at Fremont High School. He happened to be in the school’s swimming pool when a college coach came by looking for fresh recruits. Ueberroth was not much of a swimmer – he was a ...
Posted: July 20, 2017, 4:14 pm
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