Peter Morton Net Worth

## Peter Morton Net Worth

Peter Morton’s net worth is estimated to be around $500 million. Born on August 7, 1947, in Chicago, Illinois, USA, he is a successful businessman known for founding the Hard Rock Café with Isaac Tigrett and establishing other casual dining restaurant chains. Through his business endeavors and charitable work, Morton has amassed significant wealth.

Peter Morton Wiki Biography

Peter Morton attended the University of Denver, graduating in 1969 with a degree in restaurant and hotel management. He is the son of Arnie Morton, the founder of the Morton’s Steakhouse restaurant chain, and has a twin sister and a half-brother, Michael Morton.

In 1971, Morton and Isaac Tigrett opened the first Hard Rock Café in London near Hyde Park Corner, which led to a series of successful ventures, significantly contributing to Morton’s net worth. The expansion of the Hard Rock Café continued, and by 1995, Morton sold all his cafes except the Hard Rock Hotel & Casino in Las Vegas, which he retained until 2006. The sale of the hotel and a part of the brand in 2006 boosted Morton’s wealth further.

Following his success with the Hard Rock Café, Morton ventured into the restaurant business, including owning “The Ivy” and founding “Morton’s Restaurant” in Los Angeles.

Aside from his professional achievements, Morton has had two marriages, has a son who founded Pink Taco Restaurants, and is also known for his philanthropic efforts, which include donations to various institutions, earning him a place on the boards of the Museum of Contemporary Art in Los Angeles and the Natural Resources Defense Council.

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