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Antony P. Ressler (born October 12, 1960) is an American businessman. He co-founded the private equity firms Apollo Global Management in 1990,[1] and Ares Management in 1997.[2] Ressler is also owner of the Atlanta Hawks basketball team, acquiring them in 2015. He is married to actress Jami Gertz. His net worth was estimated at $11.3 billion in 2024.[3]

Key Information

Biography

[edit]

Ressler was born in Washington D.C. on October 12, 1960, to a Jewish family,[4][5] one of five children of Dorothy and Ira Ressler.[6] His father was an attorney and World War II veteran.[6] Ressler earned a BSFS from Georgetown University's Walsh School of Foreign Service and an MBA from Columbia Business School.[7] After graduating, he worked at Drexel Burnham Lambert, eventually reaching senior vice president in the high yield bond department with responsibility for the new issue/syndicate desk.[7]

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, Drexel's managing director, head of the Mergers & Acquisitions Group, and co-head of the Corporate Finance Department; John Hannan, Drexel's former co-director of international finance; Craig Cogut, a lawyer who worked with Drexel's high-yield division in Los Angeles; Arthur Bilger, the former head of the Drexel's corporate finance department; and Marc Rowan, Josh Harris and Michael Gross, all of whom worked under Black in the mergers and acquisitions department.[8][9][10][11] In 1997, he co-founded Ares Management with former Apollo Global Management co-worker John H. Kissick and Bennett Rosenthal, who joined the group from the global leveraged finance group at Merrill Lynch.[12]

Ressler is a member of the executive committee of the board of directors of the Cedars-Sinai Medical Center; finance chair and member of the executive committee of the Los Angeles County Museum of Art; a board member of Campbell Hall Episcopal School in Studio City, California; and one of the founding members of the board and finance chair of the Painted Turtle Camp, an organization that takes children with chronic and life-threatening illnesses on camping trips. Ressler is a supporter of military veterans through the work of The Greatest Generations Foundation.[7]

Sports

[edit]

In 2005, he belonged to an investment group led by Mark Attanasio that acquired Major League Baseball's Milwaukee Brewers.[13]

In June 2015, he led a group that acquired the NBA's Atlanta Hawks basketball team for US$730 million.[14] It was ultimately sold to him for $850 million.[15][16] Minority investors included Grant Hill, Sara Blakely, Jesse Itzler, Steven Price, and Rick Schnall.[17][18]

Personal life

[edit]

On June 16, 1989, he married actress Jami Gertz.[4][19][20] They live in Los Angeles,[3] and have three sons. Gertz-Ressler High Academy, a member of Alliance College-Ready Public Schools, is named after the couple.[21] They are members of the Wilshire Boulevard Temple.[4]

Ressler's sister, Broadway producer Debra Ressler, is married to Apollo co-founder Leon Black.[22] His brother, Richard Ressler, is a principal and founder of CIM Investment management.[23]

References

[edit]
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Tony Ressler

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from Grokipedia
Antony "Tony" Ressler (born October 12, 1960) is an American billionaire businessman and sports executive, best known as the co-founder and executive chairman of Ares Management Corporation, a leading global alternative investment manager with over $596 billion in assets under management as of September 30, 2025.[1][2] He co-founded the firm in 1997 after earlier establishing Apollo Global Management in 1990 alongside his brother-in-law Leon Black, drawing on his experience in high-yield bonds at Drexel Burnham Lambert during the leveraged buyout era of the 1980s.[3][1] Ressler, who holds a BA from Georgetown University and an MBA from Columbia Business School, transitioned from CEO of Ares in 2017 to his current role, overseeing major strategic initiatives while serving on key investment committees.[3][4] Ressler's career has centered on private equity and credit markets, with Ares expanding into diverse strategies including direct lending, real estate, and infrastructure, managing approximately $25.1 billion in private equity alone as of September 30, 2025.[5] Notable deals under his leadership include the $6 billion acquisition of Neiman Marcus in 2013, which highlighted Ares's prowess in distressed investments.[1] As of November 2025, his net worth is estimated at $12 billion, primarily derived from his stakes in Ares and related financial ventures, positioning him among the wealthiest figures in private credit.[3] He maintains a residence in Los Angeles and is recognized for his self-made success in finance, with a Forbes self-made score of 8.[3] Beyond finance, Ressler is the principal owner of the Atlanta Hawks of the National Basketball Association, acquiring a 51% controlling stake in 2015 for $730 million and leading the franchise to increased valuations, reaching $4.2 billion in 2025 amid strong revenue growth of $477 million.[1][6] He also holds a minority 6% ownership in Major League Baseball's Milwaukee Brewers.[1] In philanthropy, Ressler serves as a trustee for the Los Angeles County Museum of Art and on the board of Cedars-Sinai Medical Center, contributing to arts and healthcare initiatives.[3] Ressler is married to actress Jami Gertz, with whom he has three sons, and his family ties extend to business through his sister Debra's marriage to Leon Black and his brother Richard's role in co-founding CIM Group, a real estate firm.[1][3] His involvement in sports and investments reflects a broader commitment to community and economic impact, including active participation in Hawks operations to drive on-court and off-court performance.[7]

Early life and education

Childhood and family background

Tony Ressler was born on October 12, 1960, in Washington, D.C., to a Jewish family. He is one of five children born to Dorothy Ressler and Ira Ressler, a respected trial attorney who was also a decorated World War II veteran.[8][9][10] Ressler's siblings include his sister Debra Black, who is married to Leon Black, co-founder of Apollo Global Management. The family emphasized close-knit bonds, with Ira and Dorothy described in obituaries as devoted parents who cherished their children and in-laws.[11][9] Raised in a middle-class Jewish household in Long Island, New York, Ressler experienced an upbringing centered on family values and the pursuit of education. His early exposure to professional life came through his father's career as a member of the New York Bar, where Ira handled high-profile legal matters that intersected with business interests.[9][12]

Academic career

Tony Ressler attended Georgetown University's School of Foreign Service, where he earned a Bachelor of Science in Foreign Service (B.S.F.S.) degree in 1982.[13] The program's curriculum emphasized international relations, economics, and global affairs, providing foundational knowledge in diplomatic and economic principles that shaped his early understanding of international markets. Following his undergraduate studies, Ressler pursued advanced education at Columbia Business School, obtaining a Master of Business Administration (M.B.A.) in 1984.[4][8] This graduate program exposed him to core business principles, financial analysis, and investment strategies, enhancing his grasp of corporate finance and economic dynamics essential for the global business environment. Ressler's academic journey, supported by his family's emphasis on education from an early age, directly facilitated his seamless transition into the finance sector upon graduation, where he applied the interdisciplinary insights from his studies in international economics and financial management.[7]

Business career

Early professional roles

Following his MBA from Columbia Business School, Antony Ressler entered the finance industry in 1984 by joining Drexel Burnham Lambert in its high-yield bond department, where he worked under Michael Milken.[12][3] At Drexel, Ressler advanced to senior vice president and played a key role in junk bond trading, which fueled leveraged buyouts and supported mergers and acquisitions advisory during the explosive growth of 1980s Wall Street.[14][12][15] This period honed his expertise in assessing corporate value and deal structuring amid the era's high-stakes environment.[12] Ressler left the firm in the wake of its 1990 bankruptcy, precipitated by securities fraud charges leveled against Milken and the broader junk bond operation.[3][16] In the ensuing transition, he connected with fellow Drexel colleagues, including Leon Black, laying groundwork for future collaborations.[3][17]

Apollo Global Management

In 1990, Antony Ressler co-founded Apollo Global Management alongside his brother-in-law Leon Black and other former Drexel Burnham Lambert colleagues, including Josh Harris and Marc Rowan, following the collapse of Drexel amid the junk bond market downturn.[3][18] The firm was established in New York as an alternative asset manager, drawing on the founders' expertise in high-yield securities to navigate the post-crisis financial landscape.[19] Apollo's initial strategy centered on distressed debt and private equity investments, targeting undervalued assets from troubled companies and institutions affected by the savings and loan crisis.[19][20] This approach proved effective, as evidenced by the firm's first fund, which raised approximately $400 million, and early successes like the 1991 acquisition of Executive Life Insurance Company's bond portfolio, which laid the foundation for Apollo's credit platform.[21][22] Throughout the 1990s, Apollo expanded rapidly, closing additional funds and growing to manage billions in assets under management by capitalizing on market dislocations.[23] Ressler contributed significantly to the firm's operations by leading capital markets activities, with a focus on structuring high-yield debt and equity transactions that supported key acquisitions.[24] His efforts helped architect Apollo's early deal-making framework, enabling high-profile investments in distressed opportunities that established the firm's reputation in private equity.[1] In 1997, after seven years at the firm, Ressler departed to pursue independent ventures, leaving behind a legacy as one of Apollo's foundational figures.[1]

Ares Management Corporation

In 1997, Tony Ressler co-founded Ares Management Corporation with John H. Kissick and David B. Kaplan, former Apollo Global Management colleagues, along with Bennett Rosenthal and others, establishing the firm as a specialized alternative asset manager in Los Angeles.[25] The company initially concentrated on credit-oriented strategies, targeting opportunities in leveraged loans, high-yield bonds, private mezzanine debt, and structured credit to address the capital needs of middle-market and undercapitalized companies.[25] Over time, Ares expanded its scope to encompass private equity and real estate investments, building a diversified platform across complementary asset classes.[26] Ressler served as CEO from the firm's inception until 2017, then as co-CEO until 2023, before assuming his current role as Executive Chairman, providing strategic oversight and guiding Ares through significant growth to manage over $596 billion in assets under management as of September 30, 2025.[4][2] Key milestones include the company's initial public offering in 2014, which listed Ares on the New York Stock Exchange and raised approximately $217 million, marking a pivotal step in accessing public markets and broadening its investor base.[25][27] The firm has pursued strategic acquisitions to enhance its capabilities, such as Area Property Partners in 2013 for real estate private equity, Energy Investors Funds in 2015 for infrastructure assets, SSG Capital Holdings in 2020 to strengthen Asia-Pacific credit operations, and GCP International in 2025 to expand into global real assets and logistics.[25][28] These moves have supported global expansion, with offices established across North America, Europe (beginning in 2007), and Asia, enabling Ares to serve institutional investors worldwide.[25] Ressler's substantial equity stake in Ares forms the primary basis of his estimated net worth of $12.1 billion as of November 2025, reflecting the firm's strong performance in alternative investments.[1]

Sports ownership

Atlanta Hawks

In June 2015, Tony Ressler led an investor group that acquired the Atlanta Hawks franchise from Atlanta Spirit LLC for $850 million, marking his entry into professional sports ownership.[29][30] As Principal Owner, Ressler assumed the role of Chairman of the Board of Directors and serves as the team's Governor on the NBA Board of Governors, guiding the franchise's strategic direction.[7][31] Ressler has overseen significant infrastructure investments, including a $192.5 million renovation of the team's home arena, completed in 2018 and renamed State Farm Arena, which featured modernized suites, concourses, and fan amenities as the second-largest arena upgrade in NBA history.[32][33] The Hawks organization, under his leadership, contributed $50 million to the project, enhancing the venue's role as a downtown Atlanta hub.[34] On the basketball side, key strategic moves include hiring Quin Snyder as head coach in February 2023 on a five-year deal to revitalize the team's offensive system, alongside draft selections such as Trae Young (acquired via trade in 2018) and Zaccharie Risacher (first overall in 2024), aimed at building a competitive core.[35][36] These efforts have propelled the Hawks to the Eastern Conference Finals in 2021 and multiple playoff appearances, reflecting Ressler's commitment to pursuing an NBA championship.[37] Beyond on-court success, Ressler has emphasized community ties through the Hawks Foundation, where he serves as a senior advisor, fostering engagement via initiatives like constructing youth basketball courts across metro Atlanta and a $40 million investment in 2020 to support Black-owned businesses with financial, marketing, and educational resources.[38][39] These programs have strengthened the franchise's local impact, aligning operational decisions with broader economic empowerment in the region.[40]

Milwaukee Brewers

In 2005, Antony Ressler joined an investment group led by his longtime friend Mark Attanasio to purchase the Milwaukee Brewers from the family of former MLB Commissioner Bud Selig for $223 million.[41][42][43] Ressler holds a minority stake in the team, with the exact percentage undisclosed, and serves in a non-operational capacity without involvement in day-to-day decisions.[3] His participation stemmed from a close personal connection to Attanasio, with whom he has been friends since high school in Los Angeles.[42][44] As part of the ownership group, Ressler has backed the team's postseason successes, including division titles in 2011, 2018, 2023, and 2024, and appearances in the National League Championship Series in 2018 and National League Division Series in 2023 and 2024.[45][46] The group has also supported infrastructure enhancements at American Family Field, the Brewers' home stadium since 2001, such as a 2023 public-private funding agreement for $541 million in renovations—including a $100 million contribution from the Brewers—to extend the team's lease through 2050 and modernize facilities.[47] Ressler's role remains largely behind-the-scenes, with minimal public engagement in Brewers matters. This passive investment complements his more hands-on leadership in other sports ventures, like the Atlanta Hawks.[3]

Personal life

Marriage and family

Antony Ressler married actress Jami Gertz on June 16, 1989, following their meeting in 1987 at a dinner party in Los Angeles.[48][49] The couple, both of Jewish heritage, connected quickly and built a partnership that extends beyond their personal lives into business and philanthropy.[50] Ressler and Gertz have three sons: Oliver Jordan Ressler (born May 6, 1992), Nicholas Simon Ressler (born 1995), and Theo Ressler (born 1998).[48][51] The family emphasizes privacy, with the sons maintaining low profiles while pursuing independent careers; Oliver works in venture capital as a partner at Courtside Ventures, focusing on sports technology investments, and Nicholas serves as vice president of strategic planning for the NBA.[52][53][54] The Resslers often engage in joint family activities, including attending Atlanta Hawks games together and supporting philanthropic causes through their shared foundation.[55] Their marriage has influenced collaborative decisions in business ventures, such as sports team ownership, and charitable giving, where Gertz plays an active role alongside Ressler.[18][56]

Residences and lifestyle

Tony Ressler has maintained his primary residence in Beverly Hills, California, since the 1990s, reflecting his long-standing ties to the Los Angeles area where he co-founded Ares Management in 1997.[14] The couple's Beverly Hills mansion, valued at approximately $60 million, spans over 13,000 square feet with seven bedrooms and ten bathrooms, blending modern luxury with privacy.[57] They also own a secondary property in Malibu's Broad Beach neighborhood, a beachfront estate that serves as a retreat within the greater Los Angeles region.[58] Following his purchase of the Atlanta Hawks in 2015, Ressler acquired a residence in Atlanta, Georgia, to support his increased presence in the city for team ownership and local investments.[59] These properties facilitate a lifestyle that accommodates family integration across locations. Despite an estimated net worth of $12 billion as of November 2025—derived primarily from his stakes in Ares Management and other ventures—Ressler maintains a low-key existence, shunning the spotlight in favor of privacy and discretion.[3][12] His daily life emphasizes family time and travel, often centered on meaningful personal experiences rather than public ostentation.[60] Ressler's interests include contemporary art collecting and participation in cultural events, evidenced by his longstanding role as co-chair of the board of trustees at the Los Angeles County Museum of Art since 2015, where he has contributed to expanding the institution's collection and facilities.[61] He remains involved in Jewish community activities, aligning with his cultural heritage.[62]

Philanthropy

Ressler Gertz Family Foundation

The Ressler Gertz Family Foundation was established in 1997 by Tony Ressler and actress Jami Gertz as a private family foundation dedicated to philanthropy. Managed jointly by the couple, it prioritizes grants in arts, education, health, and human services, with an emphasis on fostering equality, social unity, and Los Angeles-based initiatives. The foundation's giving reflects a commitment to community building and support for underserved populations, often channeling resources through established nonprofits to drive measurable impact. Annual contributions from the foundation typically exceed $20 million, enabling a broad portfolio of grants that address pressing social needs. In 2020, amid heightened focus on racial equity, the foundation committed $5 million to the Herman J. Russell Center for Innovation and Entrepreneurship in Atlanta, providing capital, mentorship, and workspace to empower Black entrepreneurs and stimulate economic growth in minority communities.[63] The foundation also sustains support for Jewish organizations and institutions. In health, it directs ongoing funding to initiatives like the Prostate Cancer Foundation, with annual donations surpassing $75,000—often tied to awareness efforts—contributing to a cumulative total exceeding $1 million since 2019 to advance research and early detection programs. In 2024, the foundation matched a donation to contribute $150,000 to the Prostate Cancer Foundation.[64]

Educational and community initiatives

Tony Ressler co-founded the Alliance for College-Ready Public Schools in 2004, serving as its chairman until 2017, and helped expand it into a network of 28 tuition-free charter middle and high schools in Los Angeles serving over 12,000 predominantly low-income students of color.[13] The organization focuses on providing rigorous college-preparatory education to underserved communities, with an emphasis on closing achievement gaps through high standards and extended learning opportunities.[4] Ressler has supported national and alumni-based educational efforts, including donations to Educators for Excellence, a teacher-led organization advocating for policy reforms to elevate the teaching profession and student outcomes.[18] He has also contributed to funds at his alma mater, Georgetown University, to bolster educational access and resources for students.[18] In community initiatives, Ressler co-founded The Painted Turtle Camp in 2004, a nonprofit providing week-long camping experiences for children with chronic or life-threatening illnesses, fostering resilience and normalcy through recreational activities in a medically supervised environment.[65] He serves as co-chair of the board of trustees for the Los Angeles County Museum of Art (LACMA), supporting cultural access and programming that enriches diverse communities.[61] Following his 2015 acquisition of the Atlanta Hawks, Ressler has driven educational initiatives through the team's Atlanta Hawks Foundation, including the renovation of 25 basketball courts in metro Atlanta to create safe spaces for youth physical activity and learning, and a $40 million commitment to Black economic empowerment programs that incorporate educational resources for underserved populations.[7] These efforts prioritize K-12 enhancements, such as partnerships providing access to youth basketball clinics and academic support, aiming to improve outcomes for low-income and minority students in the region.[39]

References

  1. Tony Ressler - Bloomberg Billionaires Index
  2. https://www.businesswire.com/news/home/20251103106775/en/Ares-Management-Corporation-Reports-Third-Quarter-2025-Results
  3. Antony Ressler - Forbes
  4. Antony Ressler - Ares Management
  5. Our Business - Ares Management
  6. Wall Street's New Money Is Shaking Up the Ranks of the Superwealthy
  7. Forbes Most Valuable NBA Teams 2025 List: All 30 Franchise Values
  8. Tony Ressler - Atlanta Hawks - NBA
  9. How Did Antony Ressler Make His Money? - Traders Union
  10. Paid Notice: Deaths RESSLER, IRA RICHARD - The New York Times
  11. Ben Black | DFC
  12. Paid Notice: Deaths RESSLER, DOROTHY - The New York Times
  13. Antony Ressler - Georgetown Alumni
  14. New Hawks owner a low-profile high achiever
  15. 10. Antony Ressler - Los Angeles Business Journal
  16. Junk bond king Michael Milken looms large in L.A. finance industry
  17. Where are they now? The Drexel alumni 25 years later - CNBC
  18. Drexel Alumni Move Onward - The New York Times
  19. Antony Ressler and Jami Gertz | Inside Philanthropy
  20. Form S-1 - SEC.gov
  21. Private Capital Worldviews: Apollo Global Management - Equifund
  22. Private Equity Deep Dive: Apollo Global Management - StacheCow
  23. Apollo History
  24. Apollo Global Management | Institution Profile
  25. Tony Ressler - Milken Institute
  26. What is Brief History of Ares Management Company?
  27. Private Equity Deep Dive: Ares Management - StacheCow
  28. Our History | Ares Management
  29. https://dcfmodeling.com/blogs/history/ares-history-mission-ownership
  30. Alternative asset manager Ares Management sets terms for $400 ...
  31. Ares Management Corporation Completes Acquisition of GCP ...
  32. Group Led By Tony Ressler Completes Purchase of Atlanta Hawks
  33. Hawks announce sale for $850M to Antony Ressler-led group - ESPN
  34. [PDF] GROUP LED BY TONY RESSLER COMPLETES PURCHASE OF ...
  35. Atlanta Hawks reach agreement with the city on a $192.5 million ...
  36. State Farm Arena's $200M Renovation Wows | Athletic Business
  37. Hawks unveil arena's extreme makeover - Atlanta Journal-Constitution
  38. Atlanta Hawks name Quin Snyder head coach | NBA.com
  39. Atlanta Hawks Draft Picks | Basketball-Reference.com
  40. Schultz: Atlanta Hawks owner Tony Ressler focused on a ...
  41. Tony Ressler | ACG Atlanta - Association for Corporate Growth
  42. Ressler Gertz Family Foundation and Hawks Invest $40 Million in ...
  43. Atlanta Hawks, foundation announce $40M investment in Black ...
  44. Cheaper By The Dozen: Two More Brewers Investors Identified
  45. Meet the Hawks' new owners - Atlanta Journal-Constitution
  46. Hawks buyer Ressler invests passion in basketball
  47. Milwaukee Brewers Team History & Encyclopedia
  48. Compromise reached on American Family Field upgrades
  49. Jami Gertz Got Game: How an Actress Became an NBA Team Owner
  50. Jami Gertz Billionaire Journey From Actress to Business Mogul
  51. Actress Jami Gertz: Wife, Mom, Billionaire, NBA Owner
  52. Whatever Happened To Twister Star Jami Gertz - The List
  53. https://businessconnectindia.in/who-is-the-richest-actress-in-hollywood/
  54. Oliver Ressler - Courtside Ventures
  55. Inside the Life of Nicholas Simon Ressler – From Family Legacy to ...
  56. Atlanta Hawks Foundation and Ressler Gertz Family ... - NBA
  57. Billionaire Tony Ressler and Actress Jami Gertz Give $5 Million to ...
  58. Antony Ressler House: The Beverly Hills Mansion - Urban Splatter
  59. Jami Gertz's House: Touring Her Luxurious LA and Malibu Homes
  60. Tony Ressler Lavish Home: Everything You Need To Know
  61. Antony Ressler: Early Life, Career, Net Worth, & Real Estate
  62. JAMI GERTZ - Simply Buckhead
  63. LACMA Board of Trustees Elect New Co-Chairs Antony P. Ressler ...
  64. Our Founders - The Painted Turtle
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