Tony Ressler is an American businessman who co-founded the private equity firm Apollo Global Management in 1990 and Ares Management in 1997. He along with Grant Hill are the owners of the Atlanta Hawks. His wife is Jami Gertz and they have three sons named Oliver Jordan Ressler, Nicholas Simon Ressler, and Theo Ressler.
Early Life and Education
The famous businessman, Tony was born in 1959 to a Jewish family and was one of the five children of his parents. His parents are Dorothy Ressler and Ira Ressler. His father was an attorney and distinguished World War II veteran.
Ressler attended Georgetown University’s School of Foreign Service and received an MBA from Columbia University’s Graduate School of Business. After his school, he worked at Drexel Burnham Lambert where he researched Senior Vice President in the High Yield Bond Department with responsibility for the New Issue.
Tony started working from his early age. He worked at the Drexel Burnham Lambert and 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.
John Hannan, who was the Drexel’s managing director, head of the Mergers & Acquisitions Group and the co-head of the Corporate Finance Department along with Craig Court, a lawyer who worked with Drexel’s high-yield division in Los Angeles, Arthur Bilger, the former head of the Drexel’s corporate , Marc Rowan, Josh Harris and Michael Gross worked under Black in the mergers and acquisitions department in Apollo Global Management.
Tony co-founded Ares Management with the former Apollo Global Management co-worker John H.Kissick and Bennett Rosenthal who joined the group at Merrill Lynch.
Ressler belonged to an investment group which made a successful bid led by Mark Attanasio in order to purchase Major League Baseball’s Milwaukee Brewers. Furthermore, he formed a group which includes former NBA player Grant Hill to purchase the Atlanta Hawks of the National basketball association.
Tony Ressler is married to an actress Jami Gertz and has three sons named Oliver Jordan Ressler, Nicholas Simon Ressler and Theo Ressler. After the couple’s name Gertz-Ressler High Academy, The Alliance for College-Ready Public School was named.
Ressler’s sister Debrah Ressler is married to Apollo co-founder Leon Black and his brother, Richard Ressler is the principal and founder of CIM Investment management.
As Tony is a popular businessman, his net worth is reported to be around 1.67 billion USD.