Life
Wall was born to a German Mennonite family in Ukraine, and he spent his childhood in Yugoslavia, Hungary, and Austria. In 1948, he moved to Canada with his mother and five siblings. The family settled in Abbotsford, British Columbia. Wall enrolled at the University of British Columbia in 1958, where he studied chemistry but did not graduate. Given C$6,000 by his mother to build a house, he sold the finished product for $13,000 before she had moved in. He later claimed he "discovered right then how easy it was to make money in the real-estate business". Despite his early exit from academia, he donated $15 million to UBC in 1991, at the time the largest private donation it had received. The university used the gift to found the Peter Wall Institute for Advanced Studies. In 1995, UBC awarded Wall an honorary doctorate. His degree citation credited him with "a creative and innovative mind which allows him to bring unconventional solutions to otherwise insoluble problems".
Wall has regularly been ranked as the highest-paid executive in Vancouver. In both 1998 and 1999, he earned $1.4 million, although in some years he has earned less, because his salary is linked to the firm's pre-tax profits. Frequently called "flamboyant", according to journalist Drew Hasselback, he is known for his "outspoken opinions, designer clothes, German accent, in-your-face enthusiasm and self-confessed love of spending money". In 2007, The Vancouver Sun interviewed Wall as he leant on the fender of a special-edition Bentley Turbo R sedan. He said that it cost "$300,000 or $320,000 but – what's it matter? – they're only worth a hundred, anyway". The newspaper dubbed him the "Condo King".
Wall's approach to business has sometimes caused conflict. He reportedly admitted, "I have been a bit impulsive at times and I do want to be more respectful of my fellow man". On occasion, he has been impulsively generous. According to an anecdote reported in The Vancouver Sun, in 2002 he gave a Rolls Royce convertible to a friend to save him from having to walk to a meeting.
Read more about this topic: Peter Wall (property Developer)
Famous quotes containing the word life:
“The rarest of all things in American life is charm. We spend billions every year manufacturing fake charm that goes under the heading of “public relations.” Without it, America would be grim indeed.”
—Anita Loos (1888–1981)
“We can conceive a thinking being to have either many or few perceptions. Suppose the mind to be reduced even below the life of an oyster. Suppose it to have only one perception, as of thirst or hunger. Consider it in that situation. Do you conceive any thing but merely that perception? Have you any notion of self or substance? If not, the addition of other perceptions can never give you that notion.”
—David Hume (1711–1776)
“I have scarcely felt greater pain in my life than on learning yesterday from Bob’s letter, that you had failed to enter Harvard University. And yet there is very little in it, if you will allow no feeling of discouragement to seize, and prey upon you.”
—Abraham Lincoln (1809–1865)