Peter Lewis Net Worth 2012, The Lone Ranger, marijuana legalization---US $ 1.2 billion Dollars (2012); Peter B. Lewis (born November 11, 1933) is the Cleveland, Ohio-area based chairman of Progressive Insurance Companies. Lewis currently resides in Coconut Grove, Florida.
In 1965 Lewis became Progressive's chief executive officer after joining as an underwriting trainee in 1955.
(His father, Joe Lewis, who died in 1955, co-founded Progressive with Jack Green in 1937.) In the 1960s Progressive had 100 employees and $6 million in revenues.
As of 2005, Progressive had grown to 27,000 employees with sales of $13.4 billion and become the third largest auto insurance company in the United States. In 2000 Lewis retired as CEO of Progressive, though he remains as Chairman of the Board.
With an estimated net worth of $1.2 billion dollars, Lewis frequently donates money to charities and political groups.
He is a patron of the arts and supports many artistic pursuits. Lewis's personal and corporate contemporary art collection is well known—the corporate collection is displayed at Progressive Insurance offices. Lewis has made donations to:
Read more: http://en.wikipedia.org/wiki/Peter_B._Lewis
