Richard Peery and Lynn Good are prominent American business figures, but there is no verified public evidence that they have a direct business partnership, family relationship, or personal connection. Peery built his fortune through Silicon Valley commercial real estate, while Good spent decades in accounting and the utility industry before retiring as Duke Energy’s CEO in 2025.
The search phrase “richard peery and lynn good” appears to combine two successful executives from very different sectors. Available corporate filings, official biographies, institutional records, and reputable business profiles document each person’s career extensively, but they do not establish a meaningful direct relationship between them.
Richard Peery and Lynn Good at a Glance
| Detail | Richard Peery | Lynn Good |
|---|---|---|
| Primary field | Commercial real estate | Energy and corporate leadership |
| Best known for | Peery-Arrillaga Silicon Valley developments | Former chair and CEO of Duke Energy |
| Career base | Palo Alto and Silicon Valley | Charlotte and U.S. utility sector |
| Current status | Real estate billionaire and philanthropist | Retired Duke Energy CEO, corporate director |
| Age in 2026 | 87, according to Forbes | 67 in Morgan Stanley’s 2026 proxy |
| Major current affiliation | Peery family interests and philanthropy | Morgan Stanley and Boeing boards |
| Publicly estimated wealth | Forbes estimated $3.5 billion on September 10, 2026 | No authoritative personal net-worth estimate verified |
| Verified direct connection | No documented connection found | No documented connection found |
Forbes identifies Peery as a self-made real estate billionaire and estimated his real-time net worth at approximately $3.5 billion as of September 10, 2026. Morgan Stanley’s 2026 proxy, meanwhile, identifies Good as a 67-year-old independent director who joined its board in 2025.
Who Is Richard Peery?
Richard “Dick” Peery is an American real estate developer whose career is closely tied to the transformation of Silicon Valley from agricultural land into one of the world’s most valuable commercial technology corridors.
Forbes reports that Peery began working with developer John Arrillaga in the 1960s. The partners acquired farmland and developed commercial properties that benefited from the rapid expansion of the technology industry.
Stanford University describes Peery and Arrillaga as developers who bought fruit orchards around Stanford as the technology sector began expanding. Their firm, Peery-Arrillaga, eventually leased commercial space to companies including Intel, Apple, Facebook and Google.
How Richard Peery Built His Real Estate Fortune
Peery’s wealth was not created through founding a technology company. Instead, his strategy centered on owning and developing the physical real estate needed by Silicon Valley’s growing businesses.
The basic model was straightforward:
- Acquire land in areas expected to experience economic expansion.
- Develop office and commercial properties.
- Lease those buildings to expanding technology companies.
- Hold valuable properties as the surrounding land appreciated.
- Sell portions of the portfolio when attractive opportunities arose.
Forbes reports that Peery and Arrillaga sold many of their buildings in 2006 for approximately $1.1 billion.
Their partnership had begun decades before Silicon Valley reached its current scale. Stanford’s account of Arrillaga’s career confirms that their commercial developments ultimately became significant components of the region’s technology infrastructure.
Richard Peery’s Education and Early Career
Peery earned his undergraduate degree from Brigham Young University. Forbes says he later entered Stanford’s MBA program but did not complete the degree, instead developing practical experience managing his father’s real estate holdings.
Real estate already had deep roots in the Peery family. BYU’s H. Taylor Peery Institute records describe Richard’s father, H. Taylor Peery, as a banker, investor and real estate businessman who helped establish a company involved in Silicon Valley’s development.
That family background helps explain why Richard Peery entered property management at a relatively young age before establishing his long-running partnership with Arrillaga.
Richard Peery’s Philanthropy
Peery’s activities extend beyond commercial property.
The Peery Foundation is associated with the Peery family’s philanthropic work, particularly programs serving young people, families and social entrepreneurs. Forbes notes that Peery’s son Dave has led the foundation and that its grantmaking has included both Bay Area organizations and international nonprofits.
Peery and his wife Mimi also helped support the H. Taylor Peery Institute of Financial Services at Brigham Young University.
BYU states that a $3 million endowment for the institute was provided by Richard Peery and Mimi Peery together with Nancy Peery Marriott and her husband Richard. The institute was named for H. Taylor Peery and focuses on financial education, faculty development, research, internships and connections between students and financial-industry professionals.
Who Is Lynn Good?
Lynn J. Good is an American business executive best known for leading Duke Energy, one of the largest electric power companies in the United States.
Good became Duke Energy’s chief executive in July 2013 and later served as chair, president and CEO. She remained CEO for nearly 12 years before retiring from Duke Energy on April 1, 2025. Duke Energy appointed longtime executive Harry Sideris to succeed her.
Her career differs substantially from Peery’s. Rather than building a privately held real estate portfolio, Good advanced through accounting, finance, utility management and public-company leadership.
Lynn Good’s Accounting and Finance Background
Before becoming a major energy executive, Good built her career in public accounting.
Morgan Stanley’s official biography says she worked at Arthur Andersen, eventually becoming an audit partner, and later served as an audit partner at Deloitte & Touche.
She subsequently held senior financial positions at Cinergy. After Cinergy merged with Duke Energy, Good continued rising through Duke’s management structure.
Her roles at Duke included:
- Executive vice president and chief financial officer
- Leadership of commercial energy operations
- President
- Chief executive officer
- Chair of the board
Morgan Stanley’s filings describe her experience as spanning leadership, strategy, governance, sustainability, cybersecurity, accounting and financial reporting.
Lynn Good’s Retirement From Duke Energy
Good officially left her Duke Energy management and board positions on April 1, 2025.
The transition was planned rather than an abrupt departure. Duke announced in January 2025 that Harry Sideris would become president and CEO and join the board when Good retired. Theodore Craver became independent chair.
Duke’s SEC filings later confirmed that Good retired on that date and did not receive severance benefits under her employment agreement as a result of the retirement.
This distinction matters because older online profiles may still describe Lynn Good as Duke Energy’s CEO. That information is now outdated.
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What Is Lynn Good Doing Now?
Good continues to hold major corporate governance positions after leaving Duke Energy.
Morgan Stanley Board
Morgan Stanley elected Good to its board effective July 18, 2025. The company appointed her to its Audit Committee, citing her leadership experience and knowledge of financial reporting and accounting.
The company’s 2026 proxy confirms that she remains an independent director of Morgan Stanley.
Boeing Board
Good also continues to serve on the board of The Boeing Company.
Morgan Stanley’s 2026 proxy lists Boeing among Good’s current U.S.-listed public-company directorships and Duke Energy among her public-company boards during the previous five years.
Good’s Boeing involvement predates her Morgan Stanley appointment by many years. Boeing first elected her to its board in 2015, bringing experience from the heavily regulated electric-power sector.
What Is the Connection Between Richard Peery and Lynn Good?
No credible public source reviewed for this article establishes a direct relationship between Richard Peery and Lynn Good.
There is no verified evidence that they:
- founded or operated a company together
- served together on the same major corporate board
- entered a publicly disclosed investment partnership
- have a family relationship
- jointly operate a foundation
- participated in a documented major business transaction together
Their documented professional paths are also geographically and industrially distinct.
Peery’s career centers primarily on Silicon Valley real estate and philanthropy, particularly the Peery-Arrillaga property business. Good’s career centers on accounting, energy utilities and public-company governance, including Duke Energy, Boeing and Morgan Stanley.
It is possible that the two have attended some of the same broad business or philanthropic events during their long careers. However, an incidental appearance at the same event would not by itself establish a meaningful personal or business relationship, and no such connection should be assumed without evidence.
Why Might Richard Peery and Lynn Good Be Searched Together?
Search engines sometimes surface paired names even when two people have no documented direct relationship.
Several factors can produce this type of query.
Both individuals are associated with substantial U.S. businesses. Both have been prominent within wealthy corporate circles. Both have participated in governance or philanthropic activities, and both appear in business databases that connect executives, billionaires, board members and companies through related-entity pages.
Automated search suggestions can therefore create the impression of a connection that does not actually exist.
For readers investigating a two-name search phrase, the safest approach is to distinguish between being mentioned within similar business databases and having an independently verified relationship.
Richard Peery and Lynn Good’s Wealth
The financial information available for the two is very different.
Richard Peery’s Net Worth
Forbes estimated Richard Peery’s real-time net worth at about $3.5 billion on September 10, 2026, attributing his wealth to real estate. Forbes listed him as 87 years old, married and the father of four children.
The figure is an estimate rather than an audited personal balance sheet. Billionaire rankings can change as property values, investments, liabilities and other financial assumptions change.
Lynn Good’s Net Worth
There is no reliable authoritative public figure for Lynn Good’s total personal net worth.
Some websites publish speculative executive net-worth calculations, but those numbers often combine estimated stock ownership, compensation and assumptions about private assets. They should not be treated as verified personal wealth.
Public filings do provide reliable information about Good’s executive compensation. Duke Energy reported that her 2024 annual total compensation was $21,276,982 under SEC compensation-reporting rules.
That number is compensation, not net worth. It includes forms of pay required to be reported under SEC methodology and should not be interpreted as the amount she personally received in cash during the year.
How Their Careers Differ
The comparison between Richard Peery and Lynn Good is useful because they represent two very different routes to success in American business.
Peery operated largely as an entrepreneur, investor, developer and private property owner. His fortune grew alongside Silicon Valley as commercial real estate became increasingly valuable.
Good followed a professional executive path. She moved from accounting into corporate finance, then utility management and eventually leadership of a major publicly traded company.
Peery’s financial position is therefore principally associated with privately accumulated ownership wealth, while Good’s publicly documented finances come primarily from executive compensation, equity awards and corporate-board roles.
Current Status in 2026
As of September 2026, available sources indicate that Richard Peery remains recognized by Forbes as a billionaire whose fortune comes from commercial real estate.
Lynn Good is no longer an executive or director at Duke Energy. Morgan Stanley’s 2026 filings identify her as an independent Morgan Stanley director and continue to list Boeing as another current public-company board on which she serves.
No reliable new evidence has emerged establishing a direct Richard Peery and Lynn Good business or personal relationship.
Frequently Asked Questions
Are Richard Peery and Lynn Good related?
No verified public evidence indicates that Richard Peery and Lynn Good are relatives. Their published biographies document separate families and professional histories.
Did Richard Peery and Lynn Good work together?
No significant shared employer, company, board appointment or business partnership between them has been verified in credible public records reviewed for this article.
Who is Richard Peery?
Richard Peery is a Silicon Valley real estate developer who built a major commercial-property business with John Arrillaga. Forbes estimated his fortune at approximately $3.5 billion on September 10, 2026.
Who is Lynn Good?
Lynn Good is the former chair and CEO of Duke Energy. She retired from Duke on April 1, 2025 and subsequently joined Morgan Stanley’s board. She also serves on Boeing’s board.
Is Lynn Good still the CEO of Duke Energy?
No. Good retired on April 1, 2025. Harry Sideris succeeded her as Duke Energy’s president and CEO.
What is Richard Peery’s net worth compared with Lynn Good’s?
Forbes estimated Peery’s net worth at approximately $3.5 billion in September 2026. No similarly authoritative estimate of Good’s total personal net worth is publicly established, although Duke Energy’s SEC disclosures reported $21.28 million in total 2024 compensation for her under SEC reporting rules.
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