Peter Lewis Kingston Wentz III (born June 5, 1979), better known as Pete Wentz, is an American musician best known for being the bassist and primary lyricist for the American rock band Fall Out Boy. Since the announcement of Fall Out Boy's indefinite hiatus, Wentz has formed the experimental electropop group Black Cards. He owns a record label, Decaydance Records, which has signed bands such as Panic! at the Disco and Gym Class Heroes.