Peter Morton, a name synonymous with the upscale burger chain, Morton’s The Steakhouse, began his entrepreneurial journey in the restaurant industry in the late 1970s. Born and raised in Southern California, Morton’s passion for food and hospitality was ignited at an early age, working in various restaurants during his college years. After graduating from the University of California, Los Angeles, Morton decided to pursue his culinary dreams full-time.

In 1978, Morton opened his first restaurant, a small burger joint called Morton’s, in West Hollywood. The restaurant quickly gained popularity for its classic American fare, particularly its signature burgers, which were made with fresh, high-quality ingredients. Morton’s charismatic personality and commitment to exceptional customer service further enhanced the restaurant’s reputation, attracting a loyal following of celebrities and locals alike.

Peter Morton’s Net Worth in 2025

As of 2025, Peter Morton’s net worth is estimated to be around $1.2 billion, according to the latest available information.

Peter Morton’s Career

Peter Morton, along with his brother, founded the Hard Rock Cafe in 1971. The iconic restaurant chain, now with over 180 locations worldwide, was a pioneer in the casual dining industry. Morton served as the CEO of the company until 1998, when he stepped down to pursue other ventures.

Other Ventures

After leaving Hard Rock, Morton ventured into real estate and hospitality. He co-founded the Morton’s Restaurant Group in 1978, which operates over 70 steakhouses globally. He also has investments in various other businesses, including hotels and nightclubs.

Assets

Morton’s assets include a significant stake in the Hard Rock Cafe, as well as real estate properties across the United States. He also owns a collection of classic cars and a private jet. His primary residence is a sprawling estate in Beverly Hills, California.

Annual Income

While Peter Morton’s annual income can vary, it is estimated that he earns around $50 million per year from his various business ventures and investments. This includes dividends from his stake in Hard Rock Cafe and income from Morton’s Restaurant Group and other businesses.

Frequently Asked Questions about  Peter Morton

Peter Morton Net Worth

Peter Morton is an American businessman and co-founder of the Hard Rock Cafe chain. His net worth is estimated to be around $1 billion.

How did Peter Morton become wealthy?

Peter Morton co-founded the Hard Rock Cafe with Isaac Tigrett in 1971. The chain grew into a global phenomenon, with over 180 cafes in 55 countries. Morton’s wealth also comes from his real estate investments and other business ventures.

What is Peter Morton’s age?

Peter Morton was born on December 17, 1947, making him 74 years old.

Where was Peter Morton born?

Peter Morton was born in Los Angeles, California.

Is Peter Morton married?

Yes, Peter Morton is married to model Lisa Morton.

Does Peter Morton have any children?

Yes, Peter Morton has two children with his wife Lisa.

What is Peter Morton’s height?

Peter Morton is 5 feet 10 inches tall.

What is Peter Morton’s political affiliation?

Peter Morton’s political affiliation is not publicly known.

Where does Peter Morton live?

Peter Morton resides in Los Angeles, California.

What is Peter Morton’s education background?

Peter Morton graduated from the University of California, Los Angeles with a degree in Business Administration.