He was the son of James Athearn Folger, Jr. (born c. 1864) and wife Clare Luning and paternal grandson of founder J.
In 1963, after having helped to build the family firm into the third largest coffee wholesaler in the United States, Folger sold the company to Procter & Gamble for 1,650,000 shares of P&G common stock.
1897), and member of a prestigious California land grant family hailing from San Salvador.
Peter and Beverly lived with their daughter at the Folger mansion located in Woodside, California until 1974 when they moved to a newly built home on Roberta Drive.
The murder of his eldest daughter, Abigail Anne, in Los Angeles, California, on August 9, 1969, was said to have lessened Peter's desire to continue living at the Woodside estate, where she grew up.