Peter Lewis Kingston Wentz III was born on the 5th June 1979 in Wilmette, Illinois USA, of German and English descent. He is a musician and songwriter perhaps best known as a member of the music band Fall Out Boy. Wentz is also the owner of the record label called Decaydance Records. On the whole, music is the most important source of Pete Wentz’s net worth. He has been active in show business since 1993.
So just how rich is Pete Wentz? Current estimates are that Pete is known to have a net worth of $18 million, accumulated during his career of over 20 years in the music industry.
Pete Wentz Net Worth $18 Million
Peter was raised in Wilmette, Illinois. He was educated at New Trier High and North Shore Country Day Schools, in which he successfully played soccer and was named an all-state player. Later, he entered DePaul University where he majored in political science, although he dropped out in order to pursue a career in music, which later add much financially to the overall amount of Pete Wentz’s net worth.
Initially, Peter performed with hardcore punk bands including Racetraitor, Arma Angelus, Extinction, Birthright and other bands (1998–2002). Then, he joined the rock band Fall Out Boy (2002–2009, 2013–present), and it’s important to say that all six studio albums released by the band were certified according to sales in Britain and many other countries. The most successful studio albums were “From Under the Cork Tree” (2005) and “Infinity on High” (2007). The band has won a number of awards, among them is the World Music Award for the World’s Best Alternative Act (2014). During the hiatus of Fall Out Boy band, Pete formed the electronic duo Black Cards. During the period of two years the duo was active, two mixtapes, a single and extended play have been released. Thus, music is a very significant source of Pete Wentz net worth.
In addition to this, sums are being added to the total size of Pete Wentz’s net worth from other ventures like fashion, writing and acting. Clandestine Industries, a clothing company, was founded by Wentz in 2006. More, Peter is the author of the book entitled “The Boy with the Thorn in His Side” (2005) which was influenced by recurring nightmares from his childhood of Peter. He is also a co-author of the comic book limited series entitled “Fall Out Toy Works” (2009). The film production company called Bartskull Films is also owned by Peter Wentz. As an actor he has made cameo appearances in the television series “Californication” (2008) and “Degrassi Goes Hollywood” (2009). Pete is now also the host of the television show “Best Ink” (2012–present).
Finally, in the personal life of Peter Wentz, he married the singer Ashlee Simpson in 2008, the same year their son Bronx Mowgli Wentz was born. However, the two divorced in 2011 and the custody of the child was given to the mother. Currently, he lives with his girlfriend Meagan Camper, and they have a son, Saint Laszlo, who was born in 2014. One unfortunate fact is that Wentz suffers from bipolar disorder, and attempted to kill himself by overdosing on medicine in 2005.
