Antony P. Ressler was born on the 16th July 1959, in USA of Jewish descent, and is a businessman, best known as one of the founders of the private equity firms Apollo Global Management (founded in 1990) and Ares Management (founded in 1997). He is also a co-owner of the professional basketball team The Atlanta Hawks (NBA) which he bought for $800 million in the summer of 2015.
How much is the net worth of Antony Ressler? It has been estimated that the overall size of businessman wealth is as much as $2 billion, as of the data presented in the middle of 2016. Business, (to be precise, private equity firms) is the main source of Ressler net worth.
Antony Ressler Net Worth $2 Billion
To begin with, he was raised with four siblings by their parents Ira (an attorney) and Dorothy Ressler. Tony graduated his Bachelor of Science degree in Forensic Science from Goergetown University’s School of Foreign Service, and then with a Master’s degree from Columbia University’s Graduate School of Business.
Upon graduation, he was appointed at a major Wall Street investment banker Drexel Burnham Lambert. Subsequently, he was promoted to the position of Senior Vice President in the High Yield Bond Department, in which capacity he was responsible for the New Issue / Syndicate Desk. In 1990, alongside partner Leon Black, Ressler founded the private equity firm entitled Apollo Global Management; the firm specializes in buying companies with heavy debt and leverage, proposing its corporate restructuring or sale of segments. Apollo Global Management is headquartered in New York and has offices in Los Angeles, Houston, London, Frankfurt, Luxembourg, Singapore, Hong Kong and Mumbai, and manages private equity funds, credit funds, real estate and other investment vehicles.
The fund portfolio is one of the largest in the world in alternative management companies. According to the data presented in the middle of 2016, the company has more than $186.3 billion of assets under management, but in addition to this, Ressler co-founded another private equity firm Ares Management L.P., which currently has $94 billion in assets under management. Other co-founders of the above mentioned company are Michael Arougheti, Bennett Rosenthal, David Kaplan, Bill Bejamin, Greg Margolies among others. To conclude, all the above mentioned companies are the main sources of Tony Ressler’s net worth.
Moreover, Ressler is a minority owner of the professional baseball team the Milwaukee Brewers as well as the majority owner of the basketball team the Atlanta Hawks; both are highly regarded assets.
sFinally, in the personal life of the businessman, he has been married to the actress Jami Gertz, since 1988, and they have three boys. In addition, Tony Ressler is known for his philanthropic efforts. He is the member many Boards of Directors including the one of the Cedars-Sinai Medical Center as well as Campbell Hall Episcopal School in Studio City, California. He serves as Finance Chair as well as member of the Executive Committee of the Los Angeles County Museum of Art. Moreover, he is the Finance Chair of the Painted Turtle Camp.
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