Status Profile: R. Donahue Peebles

by A.J. Washington  

Doesn’t his name sound like he was born with a silver spoon in his mouth? Well he wasn’t, but somehow he managed to land in the top 10 on Forbes Magazine‘s wealthiest African-American list. That’ big– Like Oprah, Micheal Jordan, Tiger Woods big. In fact, Peebles is one of the few in the top ten to have not earned his millions through the entertainment or sports business.  

image from peeblescorp.com

R. Donahue Peebles is an incredible real estate mogul. At only 50 years old, Peebles is worth over $350 million– a figure he has earned in his lifetime, this isn’t old Hilton or Rockefeller money we’re talking about. His company, The Peebles Corporation is worth $4 billion dollars, with undergoing ventures currently in process. After attending college for one year at Rutgers University, Peebles dropped out of school and left for his native Washington, D.C., to begin his real estate career.  

At 24, Mayor Marion Berry appointed Peebles chairman of the city’s Board of Real Property Assessments and Appeals; making him the youngest ever to serve as chairman on any board in Washington history. In 1983, Peebles used his natural instincts and founded RDP corporation, a residential and commercial real estate appraisal firm. In the 27 years since then, Peebles has expanded from just appraising, to owning, high-end offices buildings, and residential properties; mostly in Washington, Miami Beach, San Francisco and Las Vegas.  

He is an avid supporter of mentoring teenagers to show them the importance of entrepreneurship. R. Donahue Peebles is now a top-selling author, CNN real-estate analyst and currently serves on President Obama’s National Finance Committee.

Advertisements

Leave a comment

No comments yet.

Comments RSS

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

  • Follow SMG On Twitter

  • Twitter Updates

    Error: Twitter did not respond. Please wait a few minutes and refresh this page.

  • Calendar

    April 2010
    S M T W T F S
    « Mar   May »
     123
    45678910
    11121314151617
    18192021222324
    252627282930