Peter Sperling Net Worth & Biography

Peter Sperling is one of the wealthiest and most prominent people in the state of Arizona, thanks to his accumulated net worth of over a billion dollars. Asides from being known for his accomplishments in business, he is also known for being the son of the late multibillionaire American businessman and successful educational entrepreneur, John Sperling. Peter holds a bachelor’s degree in Economics which he obtained from the University of California, Santa Barbara. He earned his M.B.A from the University of Phoenix, an academic institution that was founded by his father. His father was also the founder of the Apollo Group, which he presently works at, occupying the Director and Senior Vice President positions. He also controls the numerous educational institutions that are governed by the Apollo Group. Adding to his list of success, Peter Sterling is also the co-founder and president FuzeBox, Inc., a company that was originally known as CallWave, Incorporated. In the late 1990s, FuzeBox was introduced as an internet and fax answering machine firm. However it has shifted to serving as a movie editing and video conference call platform in an endeavor to remain lucrative. Peter is also a benefactor of the 2008 Proposition 7, a bill in which all utilities in the state of California are required to get 50 percent of their electrical power from renewable energy by the year 2025. He is known to be the current most significant officer at his late father’s company, the Apollo Group, where his business intelligence has been vital in enabling him make positive decisions that help to continue to steer the company to more prosperity. Forbes magazine lists him as one of the 400 wealthiest Americans, and his financial standing at the moment places him as one of the wealthiest people in the state of Arizona. More details follow below.

Early Life

The billionaire businessman and business executive, Peter V. Sperling, was born in Arizona, United States, in the year 1960. His father was the educational entrepreneur and founder of Apollo Group, John Sperling

After completing his high school education, John attended the University of California at Santa Barbara for his Bachelor of Arts degree in economics before attending the University of Phoenix in Arizona for his Master’s in Business Administration,

Professional Life

Nowadays, John Sperling is the chairman of CallWave Incorporated (now known as Fuzebox, a company which he co-founded. He was the Chairman of Apollo Group, which he still works at, occupying the Director and Senior Vice President positions. He also controls the numerous educational institutions that are governed by the Apollo Group.

Through its subsidiaries, Apollo Group Incorporated owns and runs a number of for-profit institutions which include Institute for Professional Development, College for Financial Planning, and the Western International University, in addition to the University of Phoenix. The company also operates the Insight schools and the Olympus High School which are online public high schools based in Washington, Wisconsin, and other locations. The Apollo Group also owns the BPP University College of Professional Studies which is located in the United Kingdom.

Mr. Sperling sponsored and financially supported Proposition 7 of California’s November 2008 general election. He is on the Forbes 400 Richest Americans’ list, and continues to wax stronger in business, leading the Apollo group and its subsidiaries to greater heights.

Peter Sperling Net Worth

Frankly, our team have not been able to establish so much with regard to Peter Sperling’s salary and commission from all that he does. However, information available to us at this time suggests that he has a net worth of $1.5 billion dollars, a fortune that makes him one of the richest men in the state of Arizona.

A graduate of the University of California in Santa Barbara, Peter Sterling, son of educational entrepreneur John Sperling (died in 2014) took over from where his father stopped and has been able to keep the family business above water. He makes all his money from the Apollo Group where he currently serves as the Senior Vice President and Director. He also leads the multiple educational institutions that are held under the Apollo Group umbrella. Additionally, he also generates some income from FuzeBox, Inc., a fax and internet answering machine company which later switched to being a movie editing and video conference call platforms, founded by Peter Perling himself who also heads the company as its chairman.

In 2021, Mr. Peter Sperling placed one of his mansions up for sale, with an asking price of $74 million. He maintains assets in California, Arizona, and other parts of the United States.