Peter O. Lawson Johnston is an heir to the Guggenheim fortune. He is the great-grandson of Solomon R. Guggenheim. By the beginning of World War I the Guggenheim family controlled 80 percent of the world's copper, lead, and silver mines. great-grandson of Solomon R. Guggenheim. Peter founded Guggenheim Partners, a New York City financial services firm with more than $160 billion under management. The company's Chiarman is former Bear Stearns CEO Alan Schwartz. In March 2012, Guggenheim Baseball Management acquired the Los Angeles Dodgers team for $2.15 billion in cash. The consortium consisted of Guggenheim controlling partner Mark Walter, former Los Angeles Laker Magic Johnson and partners Peter Guber, Stan Kasten, Bobby Patton and Todd Boehly. The acquisition includes the surrounding land and parking lot of Dodger Stadium.
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