Peter Cetera is a retired American musician and producer who has a net worth of 40 million dollars. The veteran musician made most of his fortune through his successful music career spanning over four decades. Peter Cetera had a great music career as a solo artist and as the bassist, frontman, and vocalist of Chicago, an American rock band.
Peter Cetera retired from the music industry in 2019, and since then, he has been focusing on other things, including real estate investments.
Early Life and Education
Peter Cetera was born on September 13, 1944, in Morgan Park, Chicago, Illinois, as the second-born in a family of six children. His father was a machinist, while his mother was a homemaker. Upon coming of age, Cetera began his education at a local. After attending Archbishop Quigley Preparatory School for a year, Peter’s mother decided to transfer him to a Catholic school since she wanted her son to be a priest.
Music Beginnings
Peter Cetera noted that he grew up in a Catholic family, and his mother loved singing in the house. While his mother was singing, Peter and his siblings would join in. Over time, Peter realized that he was talented. As a result, his interest in music grew, and at the age of 15, he thought of pursuing music as a career.
Around the same age, Peter visited a local club in the company of older students. At the club, he witnessed a band named Rebel Rockers perform, and this inspired him to buy a guitar. He learned how to play various instruments, and by the mid-1960s, he had worked with several bands.
Music Career
Peter began working with various bands, and by the time he turned 18, he was making a good amount of money. He even noted that he was making more than his father. In 1967, Peter joined the Chicago Transit Authority and he went on to have a great music career. While working with the band, they released 17 studio albums and several singles.
After his tenure with Chicago, Peter Cetera decided to pursue music as a solo artist. He had a great career and managed to release eight studio albums and several singles. After over 40 years in the music career, Peter Cetera decided to retire in 2019. However, he made a fortune through the four decades he was in the industry.
Real Estate Investments
Following his retirement from the music industry, Peter Cetera has been looking into areas he can invest. Over the years, he has invested in various properties, particularly in Idaho. Besides Idaho, Peter has a property in Nashville, Tennessee. The value of the property is known, but it will have grown in a few years.
Peter Cetera has another property in Hailey, Idaho. He put it up for sale in 2019 for 2.2 million but did not find a buyer. As such, he decided to maintain the property, and its value has grown over the last five years. The veteran musician sold a property in 2020. It was initially valued at 6 million dollars, but he did not reveal how much he had sold the property.
