Peter Rudy Wallace was born on April 13, 1954 to Martha Rudy and John Powell Wallace. He has four brothers, two younger and two older. For elementary school, he attended North Ward Elementary, where he led the schools safety patrol. At Riviera Junior High, he chaired the student council. While attending St. Petersburg High School, he was class president, chairman of the countywide student committee on rights and responsibilities, a national merit scholar, a presidential scholar and a delegate to the national convention of his church. His father was also a Democrat and an executive in the egg and poultry industry who founded the Wallace Hatchery and Wallace Chicks and was the first Chairman of the American Egg Board. His mother was a Republican who served on the Pinellas County School Board from 1972 to 1980. His great-uncle Henry A. Wallace was the 33rd Vice President of the United States, his great-grandfather Henry Cantwell Wallace was the 7th United States Secretary of Agriculture, his grandfather Merle F. Rudy founded the Pinellas County Republican Party, and his aunt, Sally C. Wallace, served on the St. Petersburg City Council from 1976 to 1985.
Career
Wallace graduated from Harvard College with an A.B. in 1976 and with a J.D. in 1979. After graduating, he clerked for Judge Paul Hitch Roney on the United States Court of Appeals for the Fifth Circuit from 1979 to 1980. He was first elected to the Florida House of Representatives in 1982. He ran in the 56th district to succeed the retiring Republican Betty Easley. He faced Republican George F. Hieber, II, the incumbent from the 58th district, and defeated him by 53% to 47%. He comfortably defeated Richard B. Badgley in 1984 by 58% to 42% and was then re-elected unopposed in 1986, 1988 and 1990. In 1992, he moved to the 52nd district and easily defeated R.J. Lonergan Jr. by 63% to 37%. He was re-elected unopposed in 1994 and was also elected to serve as Speaker of the House that year, a race he had lost in 1989. He was the last in an unbroken line of Democrats to serve as Speaker that stretched back to 1885. As of 2017, he is the most recent Democrat to serve as Speaker: the House has been controlled by the Republicans ever since. Wallace did not run for re-election in 1996. In 1998, he ran for Florida Commissioner of Education. He finished second in the Democratic primary with 180,855 votes. Former Republican Palm Beach County Commissioner Ron Howard came first with 213,366 votes and State Representative J. Keith Arnold came third with 146,271 votes. In the runoff, Wallace defeated Howard by 119,842 votes to 93,216 votes. In the general election, Wallace lost to former Treasurer, Insurance Commissioner and Fire MarshalTom Gallagher by 2,185,027 votes to 1,679,893 votes. Wallace subsequently retired from politics and resumed the practice of law. Since 2000 he has been a partner in the St. Petersburg-based Skelton, Willis & Wallace. He has resisted overtures to return to politics. In 2009, he turned down the opportunity to run for the 16th district of the Florida Senate. In 2013, he declined to run for Florida's 13th congressional district after the Republican incumbent Bill Young announced his retirement.
Personal life
Wallace is married to Helen Wallace, daughter of Frances Miller McSwain and John Crayton Pruitt Sr., a cardio-vascular surgeon. She is a professor of creative writing at Eckerd College and they have two children, Daniel McSwain Wallace and Hannah Rudy Wallace.