Peter Palandjian is a former tennis player and an American businessman who has made a name for himself in Boston’s business world. He is the CEO of Intercontinental Real Estate Corporation which deals with real estate investments. Peter has an estimated net worth of $6 billion from his tennis career, working at Real Estate Corporation, investments, and family wealth.
Peter Palandjian’s Career Life
Peter Palandjian is the son of Armenian immigrant Petros Palandjian who runs a real estate corporation in property and investment management worth over $6 billion in institutional real estate assets. His father, Petros, founded the company Intercontinental Real Estate Corporation in 1959 and Peter became the chief executive officer in 1993. He has evolved the company from integrated services and investment partnerships to private equity real estate in investment management and advisory services.
Peter’s first job was with Bain &Company as an associate for two years then moved to Staples as assistant to the chief executive officer. He moved to the family company and was raised to be the CEO making all the company’s decisions. The company has grown to impact Boston’s real estate market with several properties, offices, and buildings. The Intercontinental Real Estate Corporation handles over $10 billion worth of assets all over the country.
Peter started playing tennis after college and won six ATP tour Challenger titles in doubles. He has a record of winning over Jay Lapidus, Ricardo Acuna, Andrew Sznajder, and Martin Laurendeau. He was at the Grand Prix tournaments in singles, doubles, and with his brother Paul in 1989. He was featured in the men’s doubles at their Grand Slam events, the US Open, French Open, and the Wimbledon Championships. He retired from professional tennis in 1989 and is said to have earned a prize money of $30,728.
in 2016, the Palandjians were named one of the most powerful Boston families by Boston Magazine. Peter has been facing criticism from pro-Palestinian activists since 2023 for leasing a Cambridge, Massachusetts property to an American subsidiary of defense company Elbit Systems making him an accomplice in the genocide against Palestinians.
Peter has accumulated wealth from the company’s value, investments, properties, stocks, cars, and art. He has received awards and recognition for his work in philanthropy and funding in community development, healthcare, and the education sector.
Peter Palandjian Family Life
Peter Palandjian was born on February 12 1964 in Boston. His Armenian family and his exposure to different cultures shaped who he is. He attended Phillips Academy in Andover where he learned critical thinking and putting in the work. While attending Havard University, Peter played tennis for the school’s tennis team in the NCAA championships in singles and doubles.
He gained his skills to run businesses and money management at Havard Business School. Peter married actress Eliza Dushku in August 2018 and has two sons Philip and Bodan born in 2021. He has four children with his ex-wife Marie Louise; Manon, Petros, Margot, and Madalon Palandjian. Manon oversees marketing and communications for the family company. Eliza is a star worth $10 million.