Pete Wentz is a famous American author, entrepreneur, and musician. He is renowned as a songwriter, lyricist, bassist and backing singer of the rock band called ‘Fall Out Boy.’ Continue reading to find the net worth of Pete Wentz in 2020.
Early Life & Biography:
Pete Wentz (Peter Lewis Kingston Wentz III) was born on 5th June 1979 in Wilmette (the richest district of Chicago) in Illinois in the US. Pete’s mother, Dale was a high school admissions counselor. Pete’s father, Pete Wentz II was an attorney. His ethnicity includes Afro-Jamaican, English, and German. Pete is the eldest brother of sister, Hillary, and brother, Andrew.
Pete studied from North Shore Country Day School and New Trier High School. As a student, Pete was an all-state soccer player. For a time, Pete thought of pursuing his career in sports. Yet, Pete selected to become a professional musician. In 1997, after graduating from high school, Pete studied Political Science at DePaul University. However, after one quarter, Pete quit higher education to pursue his career with the band ‘Fall Out Boy.’
In 2008, Pete Wentz married the singer and actress, Ashlee Simpson. They have a son named Bronx Mowgli Wentz (b. 20th November 2008). However, the couple divorced in 2011 and they share the custody of their son. Also, Pete Wentz has another son named Saint Laszlo.
Career, Awards & Nominations:
During the late 1990s, Pete Wentz began his music career performing live with punk rock bands in Chicago. The punk rock bands Pete associated with were ‘Arma Angelus’ (Tim McIlrath referred to as front-man of Rise Against), ‘Birthright,’ ‘Extinction,’ ‘First Born’ (formed in 1993), ‘Racetraitor’ and ‘Yellow Road Priest.’
Joe Trohman, bassist and musician from ‘Arma Angelus,’ founded pop-punk band ‘Fall Out Boy’ that Pete joined. In 2002, ‘Fall Out Boy’ released its EP ‘Fall Out Boy/Project Rocket Split EP.’ Soon after, in 2003, with Uprising Records the band released its first album ‘Fall Out Boy’s Evening Out with Your Girlfriend.’ The first album received moderate success. In 2003, the band released its full-length album ‘Take this to your Grave’ became a super-hit. In 2005, the band released the third album ‘From Under the Cork Tree.’
In 2005, Pete Wentz released his hit song ‘Sugar; We’re Going Down’ with the band ‘Fall Out Boy.’ This song reached the no.8 position on the Billboard Top 100.
Net Worth & Earnings:
The net worth of Pete Wentz is $19 million. Pete is the lyricist, songwriter, bassist and back singer. Pete and members of ‘Fall Out Boy’ earn from live performances at concerts. Also, they earn from sales of albums and songs. The sale of album ‘American Beauty/American Psycho’ fetched $2,140,000. This album was twice Platinum certificate by RIAA, and Gold certified by BPI and Music. The sale of album ‘Save Rock and Roll’ fetched $929,000, and it was Gold certified by BPI and Music. Pete Wentz also earned from the sale of his book ‘Gray’ he authored and published in 2013.
As an entrepreneur, Pete Wentz owns a music recording studio and a television production Company. Also, he holds the Clandestine Industries, the books and clothing distributor Company. Pete co-owns a nightclub in New York City. Apart from all these sources of income, Pete Wentz is well-known for being an active philanthropist.