Roy Donahue Peebles was born on the 2nd March 1960, in Washington, D.C., USA, and is an entrepreneur and in particular a real estate investor, probably best recognized for being the founder, CEO, and Chairman of the Peebles Corporation, the largest real estate development and ownership company in the USA. He is also known for being an author. His career has been active since the early 1980s.
So, have you ever wondered how rich Don Peebles is? It has been estimated by authoritative sources that Don counts his net worth at the impressive amount of $350 million, as of late 2016, making him one of the ten wealthiest black Americans. Most of his income is the result of his successful involvement in the business industry as a founder of his aforementioned company. Additional to this, he has appeared in a number of magazines, as well as on various TV shows, which have also increased his net worth a lot.
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Don Peebles Net Worth $350 Million
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Don Peebles is the son of Roy Donahue Peebles, Sr. and Ruth Yvonne Willoughby. When he was eight years old, the family relocated to Detroit, where he spent some part of his childhood until he returned to Washington, where he attended high school. Parallel with that, he served as a Congressional Page. Upon matriculation, he enrolled at Rutgers University to study medicine. However, he quit his education after a year of studying and decided to pursue a career as a real estate investor.
Thus, Don’s professional career in the business industry began in 1983, when he ran a company under the name RDP Corporation, which became one of the largest commercial real estate appraisal companies in the USA. Thanks to that, in the same year Don was appointed to the Board of Real Property Assessments and Appeals, and in the following year, he started to serve as the Chairperson of the Board. In 1986, his first real estate development was implemented, which added a considerable amount to his net worth.
Subsequently, Don launched in 1990 another company called RDP Assessment Appeals Services, and he continued to build commercial sites in Washington, contributing a lot to his wealth. In the mid-1990s, he redeveloped the 1930s Royal Palm hotel, and two of his others projects include The Lincoln, The Residences at The Bath Club, etc. Most recently, he has developed projects in New York City, Miami Beach, and Boston.
Don is also recognized for serving as a member of the Real Estate Board of New York’s Board of Governors, as well as the former Chairman of the Greater Miami Convention and Visitors Bureau. Thanks to his accomplishments, he was named to Miami-Dade County Mayor Carlos A. Gimenez’s Mayoral Business Roundtable in 2013.
Apart from his more than successful career as a real estate developer, Don is also known as an author, who has released two books – “The Peebles Principles: Tales And Tactics From An Entrepreneur’s Life Of Winning Deals, Succeeding In Business, And Creating A Fortune from Scratch” (2007), and “The Peebles Path To Real Estate Wealth: How To Make Money In Any Market” (2008), which also contributed to his net worth.
If to talk about his personal life, Don Peebles has been married to Katrina since 1994; the couple has two children, and they divide their time between several residences in New York City, Bridgehampton, Washington, and Coral Gables. In free time, Don is very active in politics, and is known as a huge supporter of Barack Obama. Besides that, he is also a philanthropist, who is currently the Vice Chairman of the Board of Directors of the Congressional Black Caucus Foundation.
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