Peter Buffett was born in Omaha, Nebraska, and graduated from Central High School in downtown Omaha. He attended Stanford University.
Buffett began his musical career in the early part of the 1980s in San Francisco. There, he produced albums for local talent. He also was hired by ad agencies to author commercials and logos for MTV and CNN, both of which were at the time new on cable television in the United States. Agencies also hired Buffett to write commercials for Coca-Cola and other notable clients.
Narada Productions, a new age music recording company, signed Buffett to a recording contract. In 1987, Buffett debuted with Narada, releasing an album entitled The Waiting. While working on his second album, One by One, Buffett moved to Milwaukee, home of Narada Productions and closer to his childhood home in Omaha, Nebraska. Buffett would release two more albums with Narada: Lost Frontier and Yonnondio.