Nationality American | Role Businessman Name Tony Ressler | |
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Born July 16, 1959 (age 65) ( 1959-07-16 ) Known for co-founder of Apollo Management;co-founder of Ares Management;minority owner of the Milwaukee Brewers;majority owner of the Atlanta Hawks Siblings Debra Black, Richard Ressler Children Oliver Jordan Ressler, Nicholas Simon Ressler, Theo Ressler Parents Dorothy Ressler, Ira Ressler Similar People Jami Gertz, Grant Hill, Debra Black | ||
Net worth 1.52 billion USD (2015) | ||
Ares co-founder Tony Ressler on Fed's recent comments, inflation fears
Antony P. Ressler (born July 16, 1959) is an American businessman. He co-founded the private equity firm Apollo Global Management in 1990; and co-founded the private equity firm Ares Management in 1997. Ressler and Grant Hill are both owners of the Atlanta Hawks. They purchased the team on June 24, 2015 for estimated $730 million - $850 million.
Contents
- Ares co founder Tony Ressler on Feds recent comments inflation fears
- Biography
- Philanthropy
- Personal life
- References
Biography
Born in 1959 to a Jewish family, Ressler was one of five children born to Dorothy and Ira Ressler. His father was an attorney and distinguished World War II veteran. Ressler graduated with a B.S.F.S. from Georgetown University’s School of Foreign Service and received an MBA from Columbia University’s Graduate School of Business. After school, he worked at Drexel Burnham Lambert eventually reaching Senior Vice President in the High Yield Bond Department with responsibility for the New Issue/Syndicate Desk.
In 1990, on the heels of the collapse of Drexel Burnham Lambert, he co-founded the private equity firm Apollo Global Management with Leon Black, Drexel's managing director, head of the Mergers & Acquisitions Group, and co-head of the Corporate Finance Department; John Hannan, Drexel's former co-director of international finance; Craig Cogut, a lawyer who worked with Drexel's high-yield division in Los Angeles; Arthur Bilger, the former head of the Drexel's corporate finance department; and Marc Rowan, Josh Harris and Michael Gross, all of whom worked under Black in the mergers and acquisitions department. In 1997, he co-founded Ares Management with former Apollo Global Management co-worker John H. Kissick and Bennett Rosenthal, who joined the group from the global leveraged finance group at Merrill Lynch.
In 2005, he belonged to an investment group that made a successful bid led by Mark Attanasio to purchase Major League Baseball's Milwaukee Brewers.
In 2015, Ressler formed a group that includes former NBA player Grant Hill to purchase the Atlanta Hawks of the National Basketball Association.
Philanthropy
Ressler serves as a member of the Executive Committee of the Board of Directors of the Cedars-Sinai Medical Center; as Finance Chair and member of the Executive Committee of the Los Angeles County Museum of Art; as a board member of Campbell Hall Episcopal School in Studio City, California; is one of the founding members of the board and Finance Chair of the Painted Turtle Camp, an organization that takes children with chronic and life-threatening illnesses on camping trips.
Personal life
In 1988, he married actress Jami Gertz. They have three sons: Oliver Jordan Ressler (born 1992), Nicholas Simon Ressler (born 1995), and Theo Ressler (born 1998). Gertz-Ressler High Academy, a member of The Alliance for College-Ready Public Schools, is named after the couple. They are members of the Wilshire Boulevard Temple.
His sister, Broadway producer Debrah Ressler, is married to Apollo co-founder Leon Black. His brother, Richard Ressler, is a principal and founder of CIM Investment management.