Tony Ressler Net Worth, Age, Family & Biography $8.1 B Real Time Net Worth #311 in the world today

Avan Parvadiya — Sat, 15 Jul 2023 08:16:50 +0000

About Tony Ressler

Antony P. Ressler is an American business tycoon, investor, and philanthropist. He co-founded Apollo Global Management, a private equity firm, in 1990, and Ares Management, an alternative asset manager with approximately $352 billion in assets under management, in 1997. One of the largest direct lenders in the world, the company with its headquarters in Los Angeles focuses on credit investments. It is also involved in real estate and leveraged buyouts.

Businessman Antony Ressler and actress Jami Gertz at the LACMA: Art and Film Gala in Los Angeles,

Tony Ressler Education

Tony Ressler was born on October 12, 1960, to a Jewish family. Ressler graduated from Columbia Business School with an MBA and a BSFS from Georgetown University’s School of Foreign Service.

Tony Ressler Career

Tony Ressler worked at Drexel Burnham Lambert after college, eventually becoming senior vice president in charge of the new issue/syndicate desk in the high yield bond department.

He rose to head the new-issue work area at Los Angeles-based Drexel Burnham Lambert, which aided pioneer the utilised buyout prior to bowing out of all financial obligations in 1990. According to Ares’ prospectus, that same year, he and billionaire Leon Black co-founded the private equity firm Apollo Management.

After seven years he left to help establish Ares The executives, the option resource administrator which centres around credit and confidential value exchanges. In March 2014, the company submitted an IPO application, and two months later, its shares went public on the NYSE.

Tony Ressler Facts

He was a member of an investment group in 2005 that won the bid to buy the Milwaukee Brewers of Major League Baseball from Mark Attanasio. He is owner of the Atlanta Hawks basketball team for an estimated US$730 million in June 2015, making him the team’s primary owner. He ultimately purchased it for $850 million.

Ares Management Co-Founder & Executive Chairman Tony Ressler, Walmart President & CEO Doug McMillon, Operation HOPE Chairman and CEO John Hope Bryant, and PayPal President & CEO Dan Schulman attend the 9th Annual HOPE Global Forums at the Hyatt Regency Atlanta on December 13, 2022 in Atlanta, Georgia.