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Peter H Thomas (Century 21 Canada Founder) Losing $70 Million and Why He Never Panicked

The Home Service Expert Podcast

Tommy Mello: $200 Million Founder|Forbes, Inc., Entrepreneur Columnist

May 29, 2026

Show Notes

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Peter Thomas built $8 billion in real estate — then lost $70 million when his silent partner went bankrupt. At 87 years old, he's sharp, happy, and still building.

Tommy gets the real story: how Peter faced 18 creditors with nothing, negotiated every single one, and rebuilt from zero. The lesson? Your skill set and your network are the two things no collapse can ever take from you.

-- 🕐 TIMESTAMPS 🕐 --

Peter Thomas introduction

Century 21 Canada 1974

Built $8 billion

Biggest failures discussed

Living well at 87

What are your values?

Health and freedom aligned

Choose your life partner

Give everything away

Tommy grew up alone

Partner went bankrupt

Down $70 million

Skill set always survives

What was next move?

Negotiating 18 creditors

Worked all 18 deals

How to find Peter

Happiness is a choice

Tommy's life at 45

Manifesting your future

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Peter H Thomas (Century 21 Canada Founder) Losing $70 Million and Why He Never Panicked — Podcst