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:
“What if there are not only two nostrils, two eyes, two lobes, and so forth, but two psyches as well, and they are separately equipped? They go through life like Siamese twins inside one person.... They can be just a little different, like identical twins, or they can be vastly different, like good and evil.”
—Norman Mailer (b. 1923)
“Nothing defines the quality of life in a community more clearly than people who regard themselves, or whom the consensus chooses to regard, as mentally unwell.”
—Renata Adler (b. 1938)
“Young, and so thin, and so straight.
So straight! as if nothing could ever bend her.
But poor men would bend her, and doing things with poor men,
Being much in bed, and babies would bend her over,
And the rest of things in life that were for poor women,
Coming to them grinning and pretty with intent to bend and to kill.”
—Gwendolyn Brooks (b. 1917)