Tony Ressler, also known as Antony P. Ressler, is a highly successful American billionaire businessman, investor, and hedge fund manager. He is widely recognized as the co-founder of Apollo Global Management and Ares Management, two prominent investment firms. With his extensive business ventures and sports team ownership, Ressler has amassed great wealth and has become a notable figure in the financial industry.

As of August 2023, Tony Ressler’s net worth is estimated at a staggering $7.5 billion, according to Forbes. This immense wealth is derived from his investments in private equity firms and his ownership of the Atlanta Hawks, a professional basketball team in the NBA.

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Early Life of Tony Ressler

Tony Ressler, born on October 12, 1960, in Washington D.C., comes from a Jewish family. He is widely recognized for his remarkable career in the business world. Ressler acquired a Bachelor of Science in Foreign Service from Georgetown University. Continuing his education, he went on to obtain an MBA from Columbia Business School.

Before establishing himself as a prominent figure in the investment industry, Ressler honed his skills as a senior vice president in the high yield bond department at Drexel Burnham Lambert.

Co-Founding Apollo Global Management

In 1990, Tony Ressler played a pivotal role in the co-founding of Apollo Global Management, one of the world’s leading private equity firms. Together with his colleagues, including Leon Black, Ressler embarked on a journey that would revolutionize the alternative asset management industry.

With over $500 billion in assets under management, Apollo Global Management has earned a solid reputation for its expertise in identifying investment opportunities across various sectors. Recognized for their mastery in the private equity space, the firm has consistently delivered strong returns for its investors.

“Our goal at Apollo has always been to create long-term value by employing a disciplined and opportunistic investment approach.”

Under Ressler’s co-leadership, Apollo Global Management has successfully navigated the complexities of the financial landscape, establishing a diverse portfolio that spans industries such as healthcare, energy, and technology.

The firm’s strategic approach to investments, coupled with its ability to identify undervalued assets and drive operational improvements, has propelled Apollo Global Management to the forefront of the private equity industry.

Co-Founding Ares Management

When it comes to asset management, Tony Ressler’s influence extends beyond just Apollo Global Management. In 1997, he co-founded another notable firm – Ares Management alongside John H. Kissick and Bennett Rosenthal. Ares Management is a global powerhouse in the industry, managing over $300 billion in assets and offering expertise in credit, private equity, and real estate investments. This venture adds to Ressler’s impressive portfolio, showcasing his ability to thrive in multiple sectors.

Company Assets Managed Specializations
Ares Management Over $300 billion
  • Credit
  • Private Equity
  • Real Estate Investments

“Ares Management is not just another asset management firm; it’s a force to be reckoned with. With Tony Ressler’s co-founding expertise, alongside notable colleagues John H. Kissick and Bennett Rosenthal, Ares Management has become a dominant player in the industry, managing over $300 billion in assets. Their specialties in credit, private equity, and real estate investments position them as a go-to firm for investors seeking diverse and profitable opportunities.” – Industry Expert

Personal Life and Philanthropy

Tony Ressler, the successful businessman and investor, has a fulfilling personal life and is passionate about giving back to the community through philanthropy. He has been happily married to the talented actress Jami Gertz since 1989. Together, they have three children and share a deep commitment to making a positive impact on society.

Jami Gertz and Tony Ressler are actively engaged in philanthropic endeavors, supporting various causes close to their hearts. One notable organization they are involved with is the Cedars-Sinai Medical Center. Ressler serves on the executive committee of the board of directors at Cedars-Sinai, where he plays a crucial role in contributing to the hospital’s mission of providing exceptional healthcare.

In addition to their involvement with Cedars-Sinai, the couple supports a range of charitable organizations, including the Los Angeles County Museum of Art and the Painted Turtle Camp. The Painted Turtle Camp is particularly close to their hearts as it provides a supportive and empowering environment for children with chronic illnesses to thrive and experience the joys of childhood.

Through their dedication to philanthropy, Jami Gertz and Tony Ressler exemplify the transformative power of giving. Their contributions to the community and commitment to making a difference demonstrate the impact that individuals can have when they combine passion, resources, and a genuine desire to help others.

The Cedars-Sinai Medical Center

As a member of the executive committee at Cedars-Sinai Medical Center, Tony Ressler plays an instrumental role in shaping the hospital’s direction and ensuring the highest standards of patient care. Cedars-Sinai is a renowned medical institution that provides a wide range of specialized services, including cutting-edge research, comprehensive clinical care, and innovative medical education.

Organization Mission
Cedars-Sinai Medical Center To provide the highest quality healthcare, conduct groundbreaking research, and educate the next generation of medical professionals.
Los Angeles County Museum of Art To preserve and showcase art from diverse cultures, fostering appreciation for artistic expression.
Painted Turtle Camp To provide a safe, nurturing, and inclusive camp environment for children with chronic illnesses, empowering them to reach their full potential.

“Philanthropy is not just about giving money; it’s about making a real difference in people’s lives. We are grateful for the opportunity to support organizations that share our values and are dedicated to making a positive impact on society.” – Jami Gertz and Tony Ressler

Sports Team Ownership – Milwaukee Brewers

In 2005, Tony Ressler, along with an investment group, successfully acquired a minority ownership stake in the Milwaukee Brewers, a Major League Baseball team. The acquisition, estimated at $223 million, solidified Ressler’s involvement in sports team ownership and expanded his portfolio beyond private equity ventures.

Ressler’s ownership stake in the Milwaukee Brewers aligns with his passion for sports and his commitment to investing in diverse sectors. This business endeavor showcases his ability to navigate and thrive in different industries, further highlighting his entrepreneurial spirit.

“The Milwaukee Brewers acquisition represented a significant milestone for Tony Ressler and his investment group. It allowed them to become part of a storied franchise and contribute to the vibrant world of professional sports ownership.”

Key Figures in the Milwaukee Brewers Ownership:

Name Role
Mark Attanasio Principal Owner
Tony Ressler Minority Owner
Davey Nelson Former Minority Owner
Wendy Selig-Prieb Former Owner

Mark Attanasio, as the principal owner of the Milwaukee Brewers, has played a pivotal role in the team’s operations, aiming for consistent success both on and off the field. Together with Tony Ressler and other key figures, they contribute to the team’s growth and strive to provide an exceptional experience for fans and players alike.

Through his involvement with the Milwaukee Brewers, Tony Ressler stands as a testament to his ability to leverage his business acumen and expand his influence into the realm of professional sports team ownership. It exemplifies his diversified investment strategy, combining his expertise in private equity with a passion for sports and community engagement.

Sports Team Ownership – Atlanta Hawks

Since June 2015, Tony Ressler has been the principal owner and chair of the Atlanta Hawks, a professional basketball team in the NBA. Ressler’s ownership group includes former NBA player Grant Hill, Sara Blakely, Jesse Itzler, Steven Price, and Rick Schnall. The purchase price for the Atlanta Hawks was estimated at $730 million.

The acquisition of the Atlanta Hawks by Tony Ressler and his ownership group marked a new era for the franchise. Ressler’s passion for the game and commitment to building a successful team has been evident from the start. As the principal owner, he has made strategic decisions to strengthen the Hawks’ roster and create a winning culture.

Ressler’s partnership with Grant Hill, a respected figure in the basketball community, brings a wealth of knowledge and experience to the ownership group. Hill’s basketball acumen and dedication to the sport have been instrumental in shaping the team’s vision and guiding its on-court success.

Under Ressler’s leadership, the Atlanta Hawks have undergone a transformative journey. The team has made significant strides both on and off the court, fostering a strong connection with the Atlanta community and fans. Ressler’s commitment to excellence and the pursuit of championships has elevated the Hawks’ status in the NBA.

With a keen eye for identifying lucrative opportunities, Ressler has played a pivotal role in the growth and success of Apollo Global Management and Ares Management. These private equity firms have consistently delivered impressive results, attracting investors and generating substantial profits.

Ressler’s net worth is a testament to his business acumen and aptitude for recognizing lucrative investments. As a billionaire, he stands among the wealthiest individuals in the world, solidifying his position as a prominent figure in the private equity industry.

Business Ventures and Investments

In addition to his roles with Apollo Global Management and Ares Management, Tony Ressler has embarked upon various business ventures and made strategic investments throughout his illustrious career. His expertise and acumen in identifying lucrative opportunities have significantly contributed to his overall wealth and success.

Real Estate Projects

One notable area where Ressler has ventured is in real estate, particularly with projects centered in downtown Atlanta. With a keen eye for prime locations and emerging markets, he has managed to capitalize on the city’s growing urban development, establishing a strong foothold in the real estate industry.

These real estate ventures have not only bolstered Ressler’s financial portfolio but also helped shape the landscape of downtown Atlanta. By investing in strategic properties and leveraging his business expertise, he has played a pivotal role in revitalizing the city’s urban core.

Undisclosed Ventures

Aside from his visible real estate projects, Ressler has also been involved in undisclosed ventures, shrewdly navigating business opportunities beyond the public eye. These secret ventures showcase his ability to identify and capitalize on unique investment prospects, demonstrating his versatility as a savvy entrepreneur.

“Success in business often hinges upon the ability to recognize untapped potential and take calculated risks. Tony Ressler exemplifies this by pursuing undisclosed ventures that have undoubtedly contributed to his financial growth.”

Through these undisclosed ventures, Ressler has diversified his investment portfolio, ensuring a balanced approach to wealth accumulation and further solidifying his position as a prominent figure in the business world.

Overall, Tony Ressler’s knack for identifying lucrative business ventures and strategic investments has played a significant role in shaping his remarkable financial success. With his astute decision-making and unwavering dedication, he continues to make influential contributions to various industries, leaving a lasting impact on the business landscape.

Philanthropic Involvement

Tony Ressler is a dedicated advocate for philanthropy and actively supports various charitable organizations. His commitment to making a positive impact on society is exemplified through his involvement in the non-profit sector and his charitable contributions.

One prominent organization that Tony Ressler is affiliated with is the Cedars-Sinai Medical Center. By serving on the board of this esteemed institution, Ressler plays an integral role in supporting its mission to provide excellent healthcare and innovative medical research.

In addition to his role at Cedars-Sinai, Ressler is actively engaged in the nonprofit community in Los Angeles. He recognizes the importance of giving back and making a difference in the lives of others. Through his contributions, he has helped numerous charitable organizations achieve their goals and positively impact the community.

Furthermore, Tony Ressler and his wife, Jami Gertz, have consistently ranked among the most generous celebrities in Hollywood. They believe in the power of philanthropy to drive positive change and have made significant charitable contributions to various causes close to their hearts.

“Giving back is not only a responsibility but a privilege. We are grateful for the opportunity to support organizations that are making a difference in the lives of those in need.”

Through their charitable endeavors, Tony Ressler and Jami Gertz inspire others to contribute to philanthropic causes and create a lasting impact. Their dedication to improving the well-being of individuals and communities showcases their compassion and commitment to making a difference.

Stay tuned for the next section, where we will explore Tony Ressler’s personal life and family!

Personal Life and Family

Tony Ressler’s personal life is enriched by his loving family and his strong commitment to philanthropy. Since 1989, he has been married to the talented actress Jami Gertz. Together, they have three children and share a home in the vibrant city of Los Angeles.

Family is a cornerstone of Tony’s life, and he values the time he spends with his wife and children. Despite his busy schedule as a successful businessman and investor, he always prioritizes quality time with his loved ones.

Jami Gertz, a well-known actress herself, has been a constant support in Tony’s life and shares his passion for giving back to the community. Both Tony and Jami are actively involved in various philanthropic endeavors and dedicate their time and resources to making a positive impact.

In addition to their charitable work, Tony and Jami are also committed to supporting community organizations. They believe in the power of collective action and strive to contribute to causes that promote education, healthcare, and the well-being of others.

It is worth mentioning that Tony’s sister, Debra Ressler, is married to Leon Black, Tony’s former partner in Apollo Global Management. This family connection further strengthens the bonds between these influential figures in the business world.

Notable Achievements

“Family is everything to me. My wife, Jami, and our children bring immense joy and fulfillment to my life. We share a love for giving back and making a difference in the world. Together, we strive to create a better future for everyone.”– Tony Ressler

Conclusion

With a net worth of $7.5 billion, Tony Ressler has proven himself to be a highly successful businessman and investor. His involvement in private equity firms, ownership of sports teams, and dedication to philanthropy has solidified his position as a prominent figure in both the business and sports worlds.

Ressler’s wealth is a testament to his financial acumen and strategic investments. As a co-founder of Apollo Global Management and Ares Management, he has played a pivotal role in managing billions of dollars in assets. His ventures in private equity have been instrumental in generating substantial returns and contributing to his net worth.

Beyond his business endeavors, Tony Ressler is committed to giving back to the community. He actively engages in philanthropic activities and sits on the board of several charitable organizations. By supporting causes like healthcare, arts, and children’s welfare, he demonstrates his genuine desire to make a positive impact on society.

FAQ

What is Tony Ressler’s net worth?

Tony Ressler’s net worth is estimated at $7.5 billion as of August 2023.

How did Tony Ressler accumulate his wealth?

Tony Ressler accumulated his wealth through his investments in private equity firms, particularly Apollo Global Management and Ares Management. He is also the owner of the Atlanta Hawks basketball team.

What is Tony Ressler’s background and education?

Tony Ressler was born on October 12, 1960, in Washington D.C. He obtained a Bachelor of Science in Foreign Service from Georgetown University and an MBA from Columbia Business School. Before his investment career, he worked at Drexel Burnham Lambert.

What is Apollo Global Management?

Apollo Global Management is a private equity firm co-founded by Tony Ressler in 1990. It is one of the largest alternative asset managers globally, with over $500 billion in assets under management.

What is Ares Management?

Ares Management is an asset management firm co-founded by Tony Ressler in 1997. It manages over $300 billion in assets and specializes in credit, private equity, and real estate investments.

What philanthropic activities is Tony Ressler involved in?

Tony Ressler serves on the executive committee of the board of directors at Cedars-Sinai Medical Center and is involved with organizations such as the Los Angeles County Museum of Art and the Painted Turtle Camp, which supports children with chronic illnesses.

What sports teams does Tony Ressler own?

Tony Ressler is a minority owner of the Milwaukee Brewers, a Major League Baseball team. He is also the principal owner and chair of the Atlanta Hawks, a professional basketball team in the NBA.

How much is Tony Ressler’s net worth?

Tony Ressler’s net worth is estimated at $7.5 billion as of August 2023.

What other business ventures and investments has Tony Ressler been involved in?

In addition to his involvement in private equity firms, Tony Ressler has made various business ventures and investments, including real estate projects in downtown Atlanta and undisclosed ventures.

What is Tony Ressler’s involvement in philanthropy?

Tony Ressler is actively involved in philanthropy and serves on the board of Cedars-Sinai Medical Center. He and his wife, Jami Gertz, have consistently ranked among the most generous celebrities in Hollywood.

Who is Tony Ressler’s wife?

Tony Ressler is married to actress Jami Gertz. They have been married since 1989 and have three children together.

What is Tony Ressler’s net worth and his success as a businessman?

Tony Ressler’s net worth of $7.5 billion is a testament to his success as a businessman and investor. His involvement in private equity firms, sports team ownership, and philanthropy has established him as a prominent figure in the business and sports world.