Antony Ressler Net Worth - Pulptastic
David Perry
What is Antony Ressler’s net worth?
Antony Ressler, also known as Tony Ressler, is an American businessman, sports team owner, and philanthropist with a net worth of $7 billion. He made his fortune in the private equity industry and co-founded both Apollo Global Management and Ares Management, which have $300 billion and $136 billion in assets under management, respectively.
Ressler is also known for being married to actress Jami Gertz since 1990. His fortune has made Gertz one of the richest celebrities in the world.
Antony Ressler’s Background and Career
Antony Ressler was born on October 12, 1960 and earned his B.S.F.S. from Georgetown University and an MBA from Columbia University’s Graduate School of Business. He served as the Senior Vice President of High Yield Bonds at Drexel Burnham Lambert Incorporated before co-founding Apollo Global Management, L.P. in 1990. Apollo grew to have more than $300 billion in assets under management. In 1997, he co-founded Ares Management, LLC, an asset management firm that now controls more than $136 billion in assets for a wide variety of companies and individuals. Ares has offices in several locations including Los Angeles, London, and New York. Antony owns 1/3 of Ares Management.
Antony Ressler’s Impressive Real Estate Holdings
Antony Ressler, who married actress Jami Gertz in 1990, owns two impressive homes in the Los Angeles area. Their primary residence is a large estate located in the ultra-exclusive Beverly Hills gated community Beverly Park, worth a minimum of $30 million, but potentially worth more than $50 million. They also own a beachfront mansion in Malibu, one of the most desirable frontages in the area.
Aside from their real estate holdings, Antony and Jami are also very active in philanthropy. They sit on the boards of several non-profit companies, including Cedars-Sinai Medical Center, Campbell Hall Episcopal School, and the Los Angeles County Museum of Art. Known for their generosity, Antony and Jami are consistently ranked among the most generous celebrities in the world and the most generous people in Los Angeles.
Antony’s sister Debra is married to Leon Black, his former partner in Apollo Global Management. The couple is worth $8 billion and owns one of the most valuable private art collections in the world, which includes one of four original versions of Edvard Munch’s The Scream, acquired in 2012 for $120 million, setting a world record at the time.
Tony Ressler’s Sports Investments
In 2005, Tony Ressler was part of a group of investors who acquired the Milwaukee Brewers for $223 million. He and his wife Jami are minority owners of the team.
In 2015, Ressler and Jami led a group of investors to acquire the NBA’s Atlanta Hawks for $730 million. The group included NBA legend Grant Hill and Marquis Jet founder Jesse Itlzer and his wife Sara Blakely, founder of Spanx. The acquisition was originally believed to be $1 billion, then $850 million, then $800 million, but the final price was $730 million.
In 2012, Ressler, Jami, and a group of investors made an unsuccessful bid to buy a majority stake in the LA Dodgers.