What Is Peter Marco’s Net Worth In 2023?

Jewelry is a sign of luxury and status. You will hardly meet any person who doesn’t like to wear jewelry or fashionable accessories. Speaking of which Peter Marco is one of the top jewelry designers in the industry. He is famous because of his job. He has designed luxury jewelry and accessories for many top celebrities.

Many of you must be wondering how much Peter Marco earns. His current net worth is $200 million. This should give you an idea of his income.

Recommended: Ryan’s World Net Worth

Background

Peter Marco is a resident of California. He was born on the 1st of January, 1962, and comes from a poor family. There’s not much known about his parents or other family members. Their names are also not disclosed.

Based on Peter Marco’s wiki, he took classes for jewelry making and entered the industry in 1976.

Initially, he secured a cleaning job at a jewelry lab in New York City. At that time, he was just 14 years old. He worked there for several months and learned how to make jewelry. He was a fast learner, so it didn’t take him much time to get a grasp on the art.

Recommended: Robert Breedlove Net Worth

Career

He started his jewelry-designing career by creating and polishing diamonds. He also made handmade jewelry. A few years later, he turned his attention to the production sector. At this point, he started working with precious stones.

After completing his education, he became a salesman. He went from door to door, selling jewelry. By the age of 20, he was a millionaire. He also traveled abroad to places like Canada, Europe, Asia, the Cayman Islands, and the Caribbean.

He worked as a salesman for four years. This helped him learn a lot about the industry. After settling down in Los Angeles, he founded his own business in 2008. He named his store Peter Marco Extraordinary Jewels of Beverly Hills.

He is known for his unique jewelry designs. He creates bracelets, necklaces, rings, and more. His jewelry collection attracted many celebrities like Paul Pierce, Kris Jenner, Floyd Mayweather, Cardi B, and others.

Ever since celebrities started endorsing his creations, his business gained a lot of publicity. He became famous on various social media sites. Soon after, he launched his website- Petermarco.com.

Recommended: Mitch Blaschke Net Worth

Net Worth and Earnings

Peter Marco earns the majority of his wealth from his jewelry store. His jewelry designs are popular among celebrities and other high-profile clients.

He also has had instances of celebrities not paying. For example, he sued the hip-hop trio Migos for an unpaid debt of $47,000. He also sued rapper Rich the Kid for not paying the debt of $234,000.

The current net worth of Peter Marco is around $200 million. Given his business status, his net worth is going to increase more in the future.

Personal Life

Peter Marco’s wife’s name is Esmerel Voutsas. The couple shares two beautiful baby boys.  

Peter is very close to his family. They live in a lavish house in Los Angeles, California.

Recommended: Pavlok Net Worth

FAQs

1. Was Peter Marco born into a rich family?

Although many people have this misconception that Peter was born into a rich family, that isn’t the case at all. Reports from his early life depict that Peter was born into a poor family and struggled a lot during the formative years of his life. There isn’t much information available about his parents too.

2. What did Peter Marco do initially during his career?

Due to the hardships at home, Peter had to pick up odd jobs around to make ends meet and help his parents at home. It is reported that Peter picked up a cleaning job when he was just 14 years old. During that time, he was working cleaning places while learning how to make jewelry.

3. Has Peter Marco sued people?

A lot of Peter’s income comes from him suing people and not just odd people but rich people. He sued hip-hop trio Migos for $47,000 for not paying him for the jewelry they bought. He has also sued Rich the Kid, who is another rapper.

4. How much is Peter Marco worth?

With being so poor and living and poverty, Peter Marco’s $200 million net worth right now is nothing short of inspiring. 

Recommended: Doug Polk Net Worth