Peter Palandjian

Vocation

Family

American businessman and real estate developer, Palandjian is Chairman and Chief Executive Officer of Intercontinental Real Estate Corp., a company founded by his father, an Armenian immigrant from Iran. In early 2006, The company managed a reported $3 billion in real estate assets and $1 billion in other investments. Peter earned his bachelor's and MBA from Harvard, the latter degree in 1993. He joined the company then, ultimately taking the helm from his father. Palandjian had done stints at Bain Capital and at Staples prior to joining his dad's company. In addition to being a whiz kid in the business world, he is a former world ranked ATP professional tennis player. He and his brother Paul had always been competitive but close. However, their relationship ruptured when Paul tried to wrest control of the company from Peter in late 2005 and early 2006. In February 2006, Peter was able to buy just over 50% of the outstanding shares. Paul was also implicated in an art heist and was being investigated by the FBI for a potential role in the sale of the masterpieces that had been stolen from a museum. Peter and his wife Minou have four children.