Peter Schiff is a famous financial analyst, an economist, a businessman and a broker where his successful personality can also be seen in his popular podcast called “The Peter Schiff Show”. He is successful and buoyant because he is the founder or CEO of many companies or banks like ‘Echelon Wealth Partners Inc’, ‘Euro Pacific Bank’, ‘Euro Pacific Asset Management’ and ‘SchiffGold’. Now let’s have a close look at Peter Schiff’s net worth in 2018.
Peter David Schiff was born to Irwin and Ellen Schiff in a middle-class Jewish family in Connecticut on March 23, 1963. His parents’ divorce made him move from Connecticut to Southern California. He owes his father big time for introducing him to the Austrian School of economic thought where his father previously served in the US Army during World War II and supported the US tax protester movement.
Schiff earned his high school degree from Beverly Hills High School, and he earned his Bachelor of Science and a double major in accounting and financing, in 1987, from the University of California. Tax Notes Today reported, in 2015, of Schiff’s accusation to the Federal Bureau of Prisons for inhumanely treating his father, who died in prison, where the Bureau did not allow the usual humanitarian release of his father.
He now resides in Puerto Rico with his wife Lauren Schiff and two children named Preston and Spencer.
Schiff initiated his career as a stockbroker in the 1990s with Shearson Lehman Brothers Brokerage. He, within a period of five years, obtained a thriving brokerage firm with a partner and called it Euro Pacific Capital where the office was located in Connecticut but had several branches in Florida, Los Angeles, New York City, etc. The main strategy of the company emphasised long-term wealth saving where the emphasis was more on commodity and market focused investment because of the decline in US dollar.
He, henceforth, had massive success in his career because he found the Euro Pacific Bank which worked on a full reserve basis where it is licensed in St Vincent and the Grenadines. His Euro Pacific Canada Inc. deals in the capital market and brokerage services in Toronto where he also found Euro Pacific Asset Management which managed mutual funds of his clients with a long-term investment perspective in the global market.
His breakthrough did not stop at companies because of his adamant views on the US economy made him host ‘The Wall Street Unspun’ which was a weekly radio show, which lasted from 2005 to 2010. The ‘Peter Schiff Show’ on the terrestrial radio and internet, from 2010 to 2014, was also hosted by him where he expressed his views on current events, market activity, economic philosophy, etc. His thoughts lead into books where he wrote on the economy, especially the US economy.
Awards & Achievements
Peter Schiff was named as ‘Man of the Year in 2010’ and was also bestowed with the ‘Hustle Bear Award’. He was also named as ‘Dr Doom’.
Net Worth of Peter Schiff
Peter Schiff has a whopping estimated net worth of $80 million. Most of his earnings come from his investments and his well-established companies like the Euro Pacific Capital, but that’s not the end of it because his hand at hosting and radio shows also earned him success and fortune. He has also penned many books on economics where his book ‘Cash Proof 2.0: How to Profit from the Economic Collapse’ was among the best sellers list.
Peter Schiff has mesmerised the world of the economy with his factualness and determination. His comments on the stock market in the year 2018 are on point and profound where a spectator would find himself eager to know more about the economy through the eyes of Peter Schiff.