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What is Antony Ressler’s Net Worth?
Antony “Tony” Ressler, an influential figure in the private equity industry, has an estimated net worth of $11.3 billion. Ressler’s wealth primarily stems from his co-founding of two major private equity firms: Apollo Global Management in 1990 and Ares Management in 1997. These firms have grown to manage hundreds of billions of dollars in assets, with Apollo overseeing around $500 billion and Ares managing approximately $428 billion as of March 2024.
Ressler is the principal owner of the NBA’s Atlanta Hawks, a team he acquired in 2015 for an estimated $730 million. Additionally, he holds a minority stake in Major League Baseball’s Milwaukee Brewers.
Ressler is known for his philanthropic efforts. He and his wife, actress Jami Gertz, are active in various charitable causes, including education and healthcare. They have established the Ressler Gertz Family Foundation, which supports initiatives such as the Painted Turtle Camp for children with chronic illnesses and the Alliance for College-Ready Public Schools in Los Angeles.
Here’s the breakdown of Antony Ressler’s net worth:
Name: | Antony Ressler |
Net Worth: | $11.3 Billion |
Date of Birth: | October 12, 1960 |
Profession: | Businessperson |
If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.
Early Life
Antony Ressler was born on October 12, 1960, in Washington, D.C., into a Jewish family. He was one of five children born to Dorothy and Ira Ressler, the latter being an attorney and World War II veteran. Ressler’s early education laid the foundation for his future success in finance.
He earned a Bachelor of Science in Foreign Service (BSFS) from Georgetown University’s School of Foreign Service, followed by an MBA from Columbia University’s Graduate School of Business.
Drexel Burnham Lambert
After completing his education, Ressler began his career at Drexel Burnham Lambert, a major investment bank of the 1980s. He quickly rose through the ranks, eventually becoming a Senior Vice President in the high-yield bond department.
At Drexel, Ressler was responsible for the new issue/syndicate desk, gaining valuable experience in the burgeoning junk bond market. This period at Drexel was crucial in shaping Ressler’s understanding of high-yield investments and corporate finance, skills that would serve him well in his future endeavors.
However, Drexel’s involvement in illegal activities in the junk bond market led to its bankruptcy in 1990, marking the end of Ressler’s tenure at the firm.
Apollo Global
In the wake of Drexel Burnham Lambert’s collapse, Ressler co-founded Apollo Global Management in 1990 with several former Drexel colleagues, including Leon Black, John Hannan, Craig Cogut, Arthur Bilger, and Marc Rowan. Apollo quickly became a major player in the private equity industry, specializing in leveraged buyouts and distressed securities.
During his time at Apollo, Ressler oversaw the firm’s capital markets activities, focusing on high-yield bonds, leveraged loans, distressed debt, and other fixed-income assets.
Ares Management
In 1997, Ressler co-founded Ares Management with John H. Kissick and Bennett Rosenthal. Ares has since grown into a global alternative asset manager with approximately $428 billion in assets under management as of March 2024.
Under Ressler’s leadership as Co-Founder and Executive Chairman, Ares has expanded its focus to include credit, private equity, real estate, and infrastructure investments.
Ressler’s stake in the publicly-traded Ares Management Corporation continues to be a major source of his wealth.
Personal Life
Antony Ressler married actress Jami Gertz on June 16, 1989. The couple resides in Los Angeles and has three sons: Oliver Jordan Ressler, born in 1992; Nicholas Simon Ressler, born in 1995; and Theo Ressler, born in 1998.
The family is known for their philanthropic efforts, particularly in education and healthcare. They established the Ressler Gertz Family Foundation, which supports charitable initiatives, including the Painted Turtle Camp for children with chronic illnesses and the Alliance for College-Ready Public Schools in Los Angeles.
Ressler also serves on the Board of Directors of Cedars-Sinai Medical Center and is Co-Chair of the Board of Trustees of the Los Angeles County Museum of Art (LACMA).
In addition, he is a founding member and former finance chair of the Painted Turtle Camp, which provides camping experiences for children with serious medical conditions.
Ressler is also the founder and former chairman of the Alliance for College-Ready Public Schools, a network of charter schools serving underserved communities in Los Angeles.
Sports Team Ownership
In June 2015, Antony Ressler became the principal owner and chairman of the NBA’s Atlanta Hawks, purchasing the team for an estimated $730 million.
Under his ownership, the Hawks have focused on both on-court success and community engagement. Ressler’s leadership has been instrumental in various initiatives aimed at enhancing the team’s performance and fostering connections with the Atlanta community through the Hawks Foundation.
In addition, Ressler holds a minority stake in Major League Baseball’s Milwaukee Brewers.
Ashley Roberts is the founder of Real-Time Billionaires List. She founded this platform because she likes to know how much celebrities are actually making. She is always curious why these people can make much more money than the ordinary person.
With a Bachelor’s degree in finance, she is skilled at financial analysis and understands numbers related to wealth. Most of the articles on this site are edited by herself before publishing.
