Richard Peery Net Worth

Richard Peery has an estimated net worth of $3.3 billion, according to Forbes Real-Time Billionaires, Richard Peery profile (figures as of October 20, 2026). That is up from $2.8 billion in 2019.

Richard Peery, known as Dick, is an American real estate developer and one of the early property barons of Silicon Valley. He was born in 1938 or 1939 and lives in Palo Alto, California. He is married to Mimi Peery, and the couple have four children. He is the brother of Nancy Peery Marriott and a member of The Church of Jesus Christ of Latter-day Saints.

Peery showed a knack for business early. As a middle school student he owned every gum ball machine on the Stanford campus, and in his teens he launched a miniature golf course. He earned a bachelor's degree from Brigham Young University and enrolled in Stanford's MBA program, but dropped out.

His father, Taylor Peery, graduated from Stanford University in 1927 and from Stanford Business School in 1929 before a career in banking and real estate. Richard gained his first property experience managing his father's small portfolio in his 20s.

How Richard Peery made his money

In the 1960s Peery teamed up with fellow developer John Arrillaga. They bought farmland in what would become Silicon Valley and turned it into office parks just as the region's tech boom was getting started. The partnership lasted for decades, until Arrillaga died in early 2022.

In 2006 Peery and Arrillaga sold many of their buildings for $1.1 billion. Peery still owns about 3.3 million square feet of office space, with tenants including Google and Intuit. That portfolio, in one of the most valuable office markets in the world, is the source of his fortune.

How Forbes has valued Richard Peery

Forbes estimated Peery at $2.8 billion in 2019 and $2.4 billion in 2020. He climbed back to $2.7 billion in 2021 and $2.8 billion in 2022, then held at $2.7 billion in 2023.

His figure then rose to $3.1 billion in 2024 and $3.6 billion in 2025. On the 2026 World's Billionaires List Forbes put him at $3.5 billion, and as of October 20, 2026, the real-time billionaires tracker showed $3.3 billion. His estimates follow the value of Silicon Valley office property and rents.

Giving back

Peery is active in philanthropy through the Peery Foundation, which his son Dave runs. Its grantees include both Bay Area and international nonprofit groups. He and his sister also gave Brigham Young University $3 million to set up the H. Taylor Peery Institute of Financial Services, named after their late father.