Sperling lives part time in California, and graduated from the University of California-Santa Barbara.
Peter Sperling is the son of John Sperling. He ranked 562 on Forbes list of the world's wealthiest individuals in 2006, with an estimated fortune of about $1.4 billion. In November 2002, Sperling paid $32 million for a home in San Francisco--the record price at that time for a San Francisco home. The home was later placed on the market for $65 million, after approximately $18 million was spent to improve it. As of 2007, no one had lived in the home. News reports indicate that Sperling owns more than 30 homes throughout the world.
Interest in California politics
In addition to his 2008 donations to Proposition 7, in 2005, Sperling gave:
- $50,000 to a campaign committee opposing California Proposition 77 (2005).
- $20,000 to a campaign committee supporting California Proposition 63 (2004).
- Sperling gave $4,000 in 2007 to the campaign of a candidate for a seat on the Santa Barbara, California, city council.
Fine for campaign finance violation
The California Fair Political Practices Commission fined Sperling in 2005 for violating Government Code Section 84200 by failing to disclose his $20,000 donation to Prop 63 within the timeframe prescribed by that code for major donors to California ballot initiative campaigns.
Sperling and his wife gave $5 million to a project focused on restoring the Ellwood Mesa Coast wetlands in Santa Barbara County.
- Donation details from the California Secretary of State
- Forbes 2006 wealth rankings
- Selling high-end real estate in San Francisco
- San Francisco Chronicle, "65 Million will buy you an unfinished mansion on S.F.'s Gold Coast
- Follow the Money on Prop 63
- Das Williams campaign contributions
- FPPC stipulation and order in the matter of Peter Sperling, 2005