Antony Ressler Net Worth, Early Life, Career Beginnings And Management Roles

Antony Ressler Net Worth Quick Facts

Net Worth: $8 Billion
Birthdate: July 16, 1959 (64 years old)
Gender: Male
Profession: Businessperson
Nationality: United States of America.

Antony Ressler Net Worth.
Antony Ressler Net Worth.

A Look at Antony Ressler Net Worth

Antony Ressler, an American businessman, sports team owner, and philanthropist, has a net worth of $8 billion.

Also known as Tony Ressler, he amassed his fortune through the private equity industry.

He co-founded both Apollo Global Management and Ares Management, which manage $500 billion and $300 billion in assets, respectively.

Ressler married actress Jami Gertz, and his wealth helps make her one of the richest celebrities globally.

Early Life

Born on October 12, 1960, Antony Ressler is one of five children.

He earned a B.S.F.S. from Georgetown University and later received an MBA from Columbia University’s Graduate School of Business.

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Career Beginnings: Drexel Burnham Lambert

Ressler served as the Senior Vice President of High Yield Bonds at Michael Milken’s Drexel Burnham Lambert Incorporated.

Drexel went bankrupt in 1990 due to illegal activities in the junk bond market.

The scandal, starting in 1986 with the conviction of Ivan Boesky for insider trading, implicated Milken and Drexel. In 1988, Drexel paid $650 million in fines for securities fraud.

Milken left the firm the same year and was later convicted and imprisoned.

The scandal significantly impacted the junk bond market and led to increased regulation in the securities industry.

Antony Ressler Net Worth: Apollo Global Management

In 1990, following Drexel’s collapse, Antony co-founded Apollo Global Management with Leon Black, Joshua Harris, and Marc Rowan.

Apollo grew to manage over $500 billion in assets, making all four co-founders multi-billionaires.

Leon Black owns one of the world’s most valuable private art collections, Joshua Harris owns the Philadelphia 76ers, the New Jersey Devils, and the Washington Commanders, and Marc Rowan became CEO in 2021.

Ares Management

In 1997, Ressler co-founded Ares Management, LLC, which now manages over $300 billion in assets.

Ares has offices in several major cities, including Los Angeles, London, New York, and Hong Kong. Ressler owns one-third of Ares Management.

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Personal Life

In 1990, Antony married actress Jami Gertz.

They have three children and reside primarily in the Los Angeles area, owning two impressive homes: a large estate in the Beverly Hills gated community Beverly Park and a beachfront mansion in Malibu.

The Beverly Park estate is valued between $30 million and $50 million.

Tony and Jami are active philanthropists, serving on the boards of multiple non-profit organizations, including Cedars-Sinai Medical Center, Campbell Hall Episcopal School, and the Los Angeles County Museum of Art.

People consistently rank them among the most generous celebrities in the world.

Tony’s sister Debra married Leon Black, Ressler’s former partner at Apollo Global Management.

Leon and Debra are worth $11 billion and own an extensive private art collection, including Edvard Munch’s “The Scream,” acquired for $120 million.

Antony Ressler Net Worth: Sports Team Ownership

In 2005, Tony was part of a group that acquired the Milwaukee Brewers for $223 million.

He and Jami are minority owners of this team.

On April 22, 2015, it was announced that Tony and Jami Ressler led a group to acquire the NBA’s Atlanta Hawks for $730 million.

This group included NBA legend Grant Hill and Marquis Jet founder Jesse Itzler with his wife, Sara Blakely (founder of Spanx).

Initially speculated to be as high as $1 billion, the accurate purchase price was confirmed at $730 million.

In 2012, Tony, Jami, and a group of investors made an unsuccessful bid to buy a majority stake in the LA Dodgers.

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