NetWorth
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Peery
Richard Peery
Rank #1243
UNITED STATES•Diversified•Real estate

Richard Peery

Net Worth
$3.42B
0% (24h)
Richard Peery, born around 1938, is an American billionaire and a prominent figure in Silicon Valley's real estate sector. His wealth stems primarily from his successful ventures in real estate development. Peery partnered with John Arrillaga in the 1960s to transform farmland into prime office parks. As of March 24, 2026, his net worth is estimated at $3.5 billion. He is known for his entrepreneurial spirit, philanthropy through the Peery Foundation, and his focus on community impact. Peery's career is a testament to his ability to identify opportunities and create lasting value in the dynamic world of real estate.

How to read Richard Peery's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Richard Peery, we anchor the narrative to Real estate and Real estate, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $3.42B alongside global rank #1243, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (UNITED STATES) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life

Richard Peery was born in 1938 or 1939. He is the son of Taylor Peery, who had a successful career in banking and real estate. Richard graduated from Brigham Young University with a bachelor's degree and later dropped out of the MBA program at Stanford University.

Rise to Success

Peery began his career by managing his father's property portfolio. In the 1960s, he partnered with John Arrillaga, and together they acquired Silicon Valley farmland, transforming it into office parks. This strategic move proved highly lucrative, as the area became a hub for the tech industry. Peery and Arrillaga became two of Silicon Valley's biggest commercial landlords. They later sold a significant portion of their holdings.

Key Business Strategies

Peery's business acumen included recognizing the potential of Silicon Valley's growth and adapting to the needs of the expanding tech sector by providing high-quality office spaces. His focus on acquiring and developing strategic properties contributed significantly to his wealth. He also demonstrated financial prudence by shunning debt.

Philanthropy

Richard Peery founded the Peery Foundation in 1978. The mission of the Peery Foundation is to strengthen youth and families to build lives of dignity and self-reliance. The foundation supports education, economic opportunity, and health initiatives, with a focus on the San Francisco Bay Area, and around the world. His son, David Peery, currently heads the Peery Foundation.

Career Timeline

2006

Property Sale

Sold a significant portion of buildings with John Arrillaga for $1.1 billion.

1978

Peery Foundation

Founded the Peery Foundation, a philanthropic organization.

1960s

Real Estate Venture

Partnered with John Arrillaga to develop office parks in Silicon Valley.

1938

Birth

Born in 1938 or 1939.

Philanthropic Impact

Philanthropy$61.7M (assets)

Peery Foundation

Supports initiatives focused on strengthening youth and families through education, economic opportunity, and health.

Net Worth History

In-Depth Analysis

Early Life

Richard Peery was born in 1938 or 1939. He is the son of Taylor Peery, who had a successful career in banking and real estate. Richard graduated from Brigham Young University with a bachelor's degree and later dropped out of the MBA program at Stanford University.

Rise to Success

Peery began his career by managing his father's property portfolio. In the 1960s, he partnered with John Arrillaga, and together they acquired Silicon Valley farmland, transforming it into office parks. This strategic move proved highly lucrative, as the area became a hub for the tech industry. Peery and Arrillaga became two of Silicon Valley's biggest commercial landlords. They later sold a significant portion of their holdings.

Key Business Strategies

Peery's business acumen included recognizing the potential of Silicon Valley's growth and adapting to the needs of the expanding tech sector by providing high-quality office spaces. His focus on acquiring and developing strategic properties contributed significantly to his wealth. He also demonstrated financial prudence by shunning debt.

Philanthropy

Richard Peery founded the Peery Foundation in 1978. The mission of the Peery Foundation is to strengthen youth and families to build lives of dignity and self-reliance. The foundation supports education, economic opportunity, and health initiatives, with a focus on the San Francisco Bay Area, and around the world. His son, David Peery, currently heads the Peery Foundation.

Data Sources & Methodology

Figures for Richard Peery are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.

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