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Jewelery is a sign of luxury, and Peter Voutsas, better known as Peter Marco, has made his mark by turning them into fashion accessories. He is an acclaimed entrepreneur and jewelry designer with a long list of celebrity clients. As of 2022, Peter Marco has a net worth of $200 million.
Early life
Voutsas was born on January 1, 1962 and grew up in a poor neighborhood in California, USA. Not much is known about his family and academic background.
However, it is known that he attended evening classes during the day to train himself in the art of jewelry making. He first entered the industry in 1976.
During a summer job, he cleaned jewelry labs and offices in New York City. He was only 14 years old at the time. After nine months as a cleaner, he was trained to become a real jeweler because he quickly understood the basics of the craft.
career entry
As a jeweler, Voutsas began creating, polishing and setting diamonds and handcrafted jewellery. After three years, he moved to the production department to further master working with gemstones.
By the time he had completed his basic training, the gem enthusiast had already risen to the rank of salesman. Initially, he sold items door-to-door in several cities and states. At the age of 20 he had already earned his first million.
He also went abroad to the Caribbean, Europe, Canada, Asia and the Cayman Islands. He spent four years as a salesman learning the ins and outs of the jewelry market.
rise to prominence
After traveling the world for work, Peter decided to settle in Los Angeles. In 2008 he opened his own store called Peter Marco Extraordinary Jewels of Beverly Hills. It is reportedly named after his children.
He created mesmerizing designs for necklaces, rings, bracelets and more. It attracted many stars including Floyd Mayweather, Kim Kardashian, Kris Jenner, Mike Tyson, Paul Pierce, Cardi B and Shaquille O’Neal.
With many celebrities supporting his creations, Peter subsequently achieved social media success on various platforms. He launched the PeterMarco.com website, which is also gaining traction.
net worth and income
Most of the jewelry businessman’s fortune comes from the Peter Marco business. His accessories are luxury items as Peter mainly caters to high profile clients. For example, in 2017 he sued rapper Rich the Kid in court for $234,000 in debt.
Two years later, he sued hip-hop trio Migos for an unpaid debt of $47,000. These two examples alone provide enough evidence that Peter’s jewels are reserved for high-class people only. Because of this, his net worth is estimated to be around $200 million.
Personal life
Peter is a big family man and his wife’s name is Esmerel Voutsas. The couple has been blessed with two wonderful children, both boys. Her family currently lives in a cozy home in Los Angeles, California.