Jewels are a sign of luxury, and turning them into fashionable accessories is how Peter Voutsas, best known as Peter Marco, made a name for himself. He is an acclaimed entrepreneur and jewelry designer who has a long list of celebrity clients. As of 2022, Peter Marco has a net worth of $200 million.
Voutsas was born on January 1, 1962 and grew up in a poor neighborhood in California, United States. Not much has been disclosed about his family and academic background.
However, it is known that he took night classes to train in the art of jewelry making during the day. He initially joined the industry in 1976.
It was through a summer job where he cleaned jewelry labs and offices in New York City. He was just 14 years old at the time. After nine months of being a cleaner, he was trained to become a proper jeweler because he was quick to understand the basics of the craft.
As a jeweler, Voutsas began by creating, polishing, and setting diamonds as well as handmade jewelry. After three years, he moved on to the production department to further master working with precious stones.
By the time he finished his basic education, the gem lover was already promoted to be a salesman. Initially, he sold items door to door in several cities and states. At 20 years old, he had already earned his first million.
He also got to go abroad in the Caribbean, Europe, Canada, Asia, and the Cayman Islands. He spent four years as a salesman to learn about the ins and outs of the jewelry market.
Rise to Prominence
After traveling the world for work, Peter decided to settle down in Los Angeles. In 2008, he launched his own store called Peter Marco Extraordinary Jewels of Beverly Hills. It is reportedly named after his children.
He created fascinating designs for necklaces, rings, bracelets, and more. It attracted a lot of stars, including Floyd Mayweather, Kim Kardashian, Kris Jenner, Mike Tyson, Paul Pierce, Cardi B, and Shaquille O’Neal.
Because many celebrities endorsed his creations, Peter consequently gained social media success on various platforms. He started the PeterMarco.com website, which also gets a lot of traction.
Net Worth and Earnings
Most of the jewel businessman’s fortune is from the Peter Marco store. His accessories are luxury items as Peter mainly serves high-profile clients. For example, in 2017, he took rapper Rich the Kid to court for a debt that cost $234,000.
Two years later, he also sued the Migos hip-hop trio for a $47,000 unpaid debt. These two instances alone give enough evidence that Peter’s jewels are exclusive to high-class people. This is why his net worth is estimated to be around $200 million.
Peter is a big family man and his wife’s name is Esmerel Voutsas. The couple has been blessed with two wonderful kids, and both of them are boys. Their family currently resides in a cozy home in Los Angeles, California.