- Cove Markets
Antony Ressler is a well-known name in the world of finance and investments. He has made a name for himself with his excellent business sense and smart investments.
Ressler has been in business for decades and has made a lot of money during that time. This puts him in the top tier of great entrepreneurs. He used his natural drive to be an entrepreneur and his desire to learn to make his own way to success.
In this article, Covemarkets delves into Antony Ressler net worth, aiming to shed light on the magnitude of his financial achievements.
What is Antony Ressler’s Net Worth and Salary in 2023?
Antony Ressler is a businessman, sports team owner, and humanitarian from the United States. His net worth is estimated at $7 billion. He made a lot of money in the private equity business, which is also how he got the name Tony Ressler.
Tony is one of the people who started both Apollo Global Management and Ares Management. These companies handle $300 billion and $136 billion in assets.
Antony Ressler Overview: Why is Antony Ressler Famous?
Early Life
Antony P. Ressler, commonly known as Tony Ressler, was born in 1960 into a Jewish family. He was one of five children, born to Dorothy and Ira Ressler. His father, a World War II veteran, worked as an attorney.
Ressler got a Bachelor of Science in Foreign Service (BSFS) from Georgetown University’s School of Foreign Service.
He went to Columbia Business School and got an MBA for Master of Business Administration. After finishing university, Ressler began his professional career at Drexel Burnham Lambert.
He slowly moved up the ranks until he became senior vice president in the high-yield bond department, in charge of the new issue/syndicate desk. This early work in the financial field set the stage for his later success in investing and starting his own business.
Career
After getting experience at Drexel Burnham Lambert, Ressler helped start Apollo Management in 1990, which is a global alternative investment management firm. But his most famous business was Ares Management, which he started with a partner in 1997. Ares Management is another well-known alternative investment company.
Under Ressler’s leadership, Ares Management experienced significant growth and success. The firm specializes in credit, private equity, and real estate investments, managing billions of dollars in assets. Ressler played a pivotal role in expanding Ares Management’s reach and establishing it as a leader in the industry.
In addition to Ares Management, Ressler has been involved in various notable investments and acquisitions. He purchased the Atlanta Hawks, a professional basketball team, in 2015.
Ressler’s group, the Atlanta Hawks Basketball and Entertainment LLC, acquired the team for a reported $850 million. This acquisition showcased Ressler’s interest and involvement in the sports industry.
Ressler’s entrepreneurial prowess extends beyond finance and sports. He has also shown a keen interest in the entertainment industry.
In 2018, Ressler’s company, Ares Management, bought a majority stake in the famous talent agency Endeavor Group Holdings. This smart move helped Ressler’s portfolio grow and solidified his position in the entertainment industry.
Personal Life
Antony Ressler has made a name for himself in finance and has led a fulfilling personal life. He is married to actress Jami Gertz and has three children. Ressler and Gertz are known for their philanthropic endeavors, particularly in education.
They have actively supported various educational initiatives, including funding scholarships and contributing to educational institutions.
In addition, Ressler is a sports enthusiast and is a co-owner of the NBA team, the Atlanta Hawks. His personal life reflects a well-rounded individual who values family, philanthropy, and his passion for sports.
FAQs about Tony Ressler
How did Antony Ressler accumulate his wealth?
Antony Ressler got most of his money from his private equity work and co-founded the private equity firm Ares Management.
Is Antony Ressler one of the billionaires?
Yes, Antony Ressler is considered a billionaire based on his net worth.
What are some of Antony Ressler’s notable investments?
Antony Ressler has invested significantly in various industries, including media, sports, and entertainment. For example, he acquired the Atlanta Hawks NBA team in 2015.
Who is the new owner of the Atlanta Hawks?
Tony Ressler, the co-founder of Ares Management and owner of the Atlanta Hawks, said the recent property downturn doesn’t bother him. He and his partners are developing a $5 billion railyard into downtown Atlanta’s hotels, restaurants, and offices.
Conclusion
Antony Ressler has made a name for himself as a very successful businessman and investor and has built up a large net worth throughout his work. As the co-founder of Ares Management, Ressler has shown he has great business sense and has been involved in many profitable projects. With his continued hard work and smart investments, Ressler’s amazing net worth is likely to stay a sign of how well he has done in business.
