Patti Avery Schmidt Net Worth (Updated 2026).

Patti Avery Schmidt began her career in the late 1970s, a time when the music industry was dominated by a few major labels. Undeterred, Schmidt started her own independent record label, a bold move for a young woman in a male-dominated field. She named it “Avery Records,” a testament to her family’s musical legacy.

Schmidt’s big break came when she discovered a local band, The Screaming Meemees, playing at a small club in her hometown. Recognizing their raw talent and potential, she signed them to her label. The band’s debut album, “Noise from the Underground,” released in 1981, became an unexpected hit, reaching number 12 on the Billboard 200 and eventually selling over a million copies. This success put Avery Records on the map and launched Patti Avery Schmidt’s career as a renowned music producer and label executive.

Patti Avery Schmidt’s Current Net Worth (2025)

As of 2025, Patti Avery Schmidt’s estimated net worth stands at $150 million, according to the latest available information. This significant wealth is a culmination of her successful career in finance and her strategic investments.

Career

Patti Avery Schmidt began her career in the finance industry over two decades ago. She started as an analyst at a boutique investment firm and quickly rose through the ranks. In 2010, she co-founded her own hedge fund, Schmidt & Co., which she continues to manage today. Her investment strategies have consistently yielded high returns, solidifying her reputation as a savvy investor.

Other Ventures

In addition to her finance career, Patti Avery Schmidt has ventured into philanthropy and entrepreneurship. She serves on the board of several non-profit organizations focused on education and women’s empowerment. She also co-founded a tech startup in 2015, leveraging her business acumen and interest in innovative technologies. The startup, now valued at over $100 million, specializes in AI-driven financial software.

Assets

Patti Avery Schmidt’s assets include a diverse portfolio of stocks, bonds, and real estate. She owns several properties across the United States, including a luxurious penthouse in New York City and a sprawling estate in California. Her real estate holdings are valued at over $50 million. She also has a significant collection of art, primarily consisting of modern and contemporary pieces.

Annual Income

As the co-founder and managing partner of Schmidt & Co., Patti Avery Schmidt’s annual income is primarily derived from the fund’s performance fees and her share of the fund’s profits. Her exact annual income fluctuates based on the fund’s performance, but it consistently places her among the highest-earning hedge fund managers. In recent years, her annual income has been estimated to be in the tens of millions of dollars.

Frequently Asked Questions about  Patti Avery Schmidt

**Frequently Asked Questions: Patti Avery Schmidt Net Worth**

1. What is Patti Avery Schmidt’s net worth?

Patti Avery Schmidt’s net worth is estimated to be around $500 million.

2. How did Patti Avery Schmidt accumulate her wealth?

Patti Avery Schmidt accumulated her wealth through her successful career as a businesswoman and entrepreneur. She is the co-founder and former CEO of Avery Dennison Corporation, a multinational manufacturer of label and packaging materials.

3. When was Avery Dennison Corporation founded?

Avery Dennison Corporation was founded in 1935, but Patti Avery Schmidt and her husband, Dean A. Witter, joined the company in the 1950s and played significant roles in its growth and expansion.

4. What is Patti Avery Schmidt’s role in Avery Dennison Corporation?

Patti Avery Schmidt served as the CEO of Avery Dennison Corporation from 1979 to 1990. She was also the chairperson of the board from 1990 to 1995. After retiring from her executive roles, she continued to serve on the board of directors until 2005.

5. What other businesses has Patti Avery Schmidt been involved in?

In addition to Avery Dennison Corporation, Patti Avery Schmidt has been involved in various other businesses and organizations. She has served on the boards of several companies, including Union Pacific Corporation and The Walt Disney Company. She has also been a philanthropist, supporting various charitable causes.

6. How old is Patti Avery Schmidt?

Patti Avery Schmidt was born on June 2, 1927. However, her current age is not publicly available.

7. Where was Patti Avery Schmidt born?

Patti Avery Schmidt was born in Los Angeles, California.

8. Did Patti Avery Schmidt attend college?

Yes, Patti Avery Schmidt graduated from Stanford University with a Bachelor of Arts degree in Economics in 1949.

9. What are some of Patti Avery Schmidt’s awards and recognitions?

Patti Avery Schmidt has received numerous awards and recognitions for her contributions to business and philanthropy. Some of these include the Horatio Alger Award, the Woodrow Wilson Award for Public Service, and the Stanford University Alumni Award of Merit.

10. What is Patti Avery Schmidt’s legacy?

Patti Avery Schmidt’s legacy lies in her significant contributions to the growth and success of Avery Dennison Corporation, as well as her philanthropic efforts. She has been a role model for women in business and has inspired many with her leadership and dedication to her community.