Antony Ressler Biography & Net Worth
|Popular Name:||Antony Ressler|
Antony p. Ressler
Washington D.C., United States
Jami Gertz (m. 1989)
|Net Worth:||$3 Billion|
Tony Ressler is the name of an American billionaire venture capitalist and private equity magnate. He is best known for being one of the much respected founders of the private equity firms Ares Management and Apollo Global Management. The principal founder of both firms which were established in 1997 and 1990 respectively is Tony’s brother-in-law, Leon Black. Ressler is also the owner of the Atlanta Hawks sports team which was acquired by his group in June 2015 for around $730 million – $850 million. We will be highlighting details of Antony Ressler net worth and how he found his way to the top following a successful and adventurous career which just like every other aspects of human life, endured through its own periods of ups and downs.
Antony Ressler’s Biography & Career
Antony P. Ressler was born to a Jewish family on October 12, 1960. He was one of 5 children born to lawyer and World War II veteran Ira Ressler and his wife Dorothy.
He attended Georgetown University’s School of Foreign Service and earned a BSFS from there. He then attended Columbia University’s Graduate School of Business and graduated with his MBA.
As soon as he graduated from the university, Tony found employment at Drexel Burnham Lambert and eventually made it to the position of senior vice president focused in the high yield bond division with responsibility for the syndicate desk/new issue.
In 1990, while Drexel Burnham Lambert was on the brink of collapse, he co-founded the private equity company Apollo Global Management with : Craig Cogut, a legal representative who worked with Drexel’s high-yield department in Los Angeles; John Hannan, former co-director of international finance at Drexel; Leon Black, Drexel’s managing director, co-head of the Corporate Finance Division, and head of the Mergers & Acquisitions Group; Arthur Bilger, the former chief of the Drexel’s corporate finance division; and Michael Gross Marc Rowan , and Josh Harris, who all worked under Leon Black in the mergers & acquisitions division.
In 1997, he combined with John H. Kissick and Bennett Rosenthal, and they formed Ares Management. John is a former co-worker at Apollo Global Management, and Bennett joined the group from the leveraged finance group at Merrill Lynch.
Antony Ressler was a member of an investment group that in 2005, made a successful bid spearheaded by Mark Attanasio to acquire the Milwaukee Brewers of the Major League Baseball.
In 2015, he formed a group that comprised of Rick Schnall, Steven Price, Jesse Itzler, Sara Blakely, and former NBA player Grant Hill, and they acquired the Atlanta Hawks franchise of the National Basketball Association.
In addition to all that has been mentioned above, Mr. Ressler is also known as a philanthropist who enjoys giving back to the society and supporting several charity causes. He serves as a member of board of Campbell Hall Episcopal School in California. He is a member of the Executive Committee and Finance Chair of the Los Angeles County Museum of Art. He also serves as member of the Executive Committee of Board of Directors at Cedars-Sinai Medical Center. Furthermore, Anthony is one of the founding members of the Finance Chair and board of the Painted Turtle Camp. This is an organization that takes kids with chronic and life-threatening sicknesses on camping trips. He is also a staunch supporter of military veterans and contributes through The Greatest Generations Foundation.
Personal & Family
Asides being connected through their businesses, Antony Ressler also shares a strong bond with Apollo co-founder Leon Black as brothers-in-law. Leon is married to Antony’s sister, Debra Ressler.
He tied the knot with actress Jami Gertz on June 16, 1989. Their union has been peaceful, and has produced three sons: Theo Ressler, Oliver Jordan Ressler, and Nicholas Simon Ressler. The husband and wife are notable members of the Wilshire Boulevard Temple. Gertz-Ressler High Academy is named after the couple. The school is a member of The Alliance for College Ready Public Schools.
His brother, Richard Ressler, is a founder of CIM Investment management, and his sister, Debra Ressler, is a Broadway producer.
Antony Ressler Net Worth
His remarkable list of achievements makes Mr. Antony Ressler is one of the most intelligent investors in the world. The American venture capitalist is also a sports team owner and philanthropist. His fortune has been generated from the private equity industry where he co-founded both Ares Management and Apollo Global Management which currently have $136 billion and $300 billion in assets under management, respectively.
Antony Ressler net worth is approximately $3 billion. He is one of the richest people in the United States and is currently based in Beverly Hills in California with his family.