Peter Lewis Kingston Wentz III (AKA Pete Wentz, AKA ‘every millennial’s first crush) is the bassist and also the primary lyricist for the hit band Fall Out Boy. As if that weren’t enough (come on, it’s Fall Out Boy!) Wentz also owns his own record label that has signed big-name acts like Gym Class Heroes and Panic! at the Disco.
You know that Pete is just rolling in money, but that doesn’t mean he’s throwing it around. He lives in a fairly simple home that only cost him $1.5 million. Okay, that sounds like a lot of money, but California real estate costs big bucks, even for a simple four bedroom house like Wentz has.