Antony “Tony” Ressler A Titan of the Investment World
Antony P. Ressler, commonly known as Tony Ressler, is an American billionaire businessman and co-founder of Ares Management, a global alternative asset management firm with over $300 billion in assets under management. He is also the owner of the Atlanta Hawks of the National Basketball Association (NBA).
Early Life and Family
Born on October 12, 1960, in Washington, D.C., to Dorothy and Ira Ressler, Tony Ressler grew up in a Jewish family with five siblings. His father was an attorney and World War II veteran. Ressler attended Edmund A. Walsh School of Foreign Service at Georgetown University, where he earned a Bachelor of Science in Foreign Service (BSFS) degree in 1983. He then pursued an MBA from Columbia Business School, graduating in 1986.
Ressler’s career in finance began at Drexel Burnham Lambert, where he rose to the position of senior vice president in the high yield bond department. In 1990, he co-founded Apollo Global Management, a private equity firm that became one of the world’s leading investors in distressed debt and leveraged buyouts.
In 1997, Ressler left Apollo to co-found Ares Management with his former Drexel colleague James C. Chin. Ares has since grown into a global investment firm with a diverse portfolio of investments across credit, private equity, and real estate. Ressler has been the firm’s chairman and CEO since its inception.
In addition to his leadership at Ares Management, Ressler is also the owner of the Atlanta Hawks NBA franchise. He acquired the team in 2015 and has overseen its transformation into a perennial playoff contender.
Ressler’s notable accomplishments include:
- Co-founding Apollo Global Management and Ares Management, two of the world’s leading investment firms
- Growing Ares Management into a global investment firm with over $300 billion in assets under management
- Leading the Atlanta Hawks to become a perennial playoff contender in the NBA
Net Worth and Social Media Presence
Ressler’s net worth is estimated to be over $7.5 billion as of August 2023. He is relatively private on social media, but he does have a presence on Twitter and Instagram. He has over 20,000 followers on Twitter and over 10,000 followers on Instagram.
Ressler is married to actress Jami Gertz, and they have three sons together. The couple resides in Los Angeles, California.
Hobbies and Interests
Ressler is an avid fan of sports, particularly basketball and baseball. He is also a collector of modern and contemporary art.
Ressler has been involved in a few controversies over the years, mostly related to his business dealings. However, he has always maintained a good public image and is widely respected for his business acumen.
Ressler is a generous philanthropist and has donated millions of dollars to various causes, including education, healthcare, and the arts. He is a co-founder of the Ares Foundation, which supports charitable initiatives in the Los Angeles area.
Ressler is in good health and has not publicly disclosed any major health issues.
- Bachelor of Science in Foreign Service (BSFS) from Georgetown University’s Edmund A. Walsh School of Foreign Service
- MBA from Columbia Business School
- Senior vice president in the high yield bond department at Drexel Burnham Lambert
- Co-founder of Apollo Global Management
Ressler is currently working on expanding Ares Management’s global reach and investing in promising new businesses. He is also focused on continuing the Atlanta Hawks’ success on the basketball court.
Style and Fashion
Ressler has a classic and understated fashion sense. He typically dresses in business casual attire and is known for his neatly trimmed beard and glasses.
Ressler has a loyal following of fans who admire his business acumen and his contributions to the sports world.
Political or Social Activism
Ressler is not overtly political, but he has spoken out on a number of environmental and social issues. He is a strong advocate for education, healthcare, and the arts.
- Ressler is a pilot and enjoys flying his own plane.
- He is a Fellow of the American Academy of Arts and Sciences.
- He has received an honorary doctorate from the University of Southern California.
- He is a member of the National Academy of Engineering.