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Tony Ressler

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 , a leading global manager with over $596 billion in as of September 30, 2025. He co-founded the firm in 1997 after earlier establishing in 1990 alongside his brother-in-law , drawing on his experience in high-yield bonds at during the era of the 1980s. Ressler, who holds a BA from and an MBA from , transitioned from CEO of Ares in 2017 to his current role, overseeing major strategic initiatives while serving on key investment committees. Ressler's career has centered on and markets, with expanding into diverse strategies including , , and , managing approximately $25.1 billion in alone as of September 30, 2025. Notable deals under his leadership include the $6 billion acquisition of in 2013, which highlighted Ares's prowess in distressed investments. As of November 2025, his is estimated at $12 billion, primarily derived from his stakes in Ares and related ventures, positioning him among the wealthiest figures in private . He maintains a residence in and is recognized for his self-made success in , with a Forbes self-made score of 8. Beyond finance, Ressler is the principal owner of the of the , 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. He also holds a minority 6% ownership in Major League Baseball's Milwaukee Brewers. In , Ressler serves as a for the Los Angeles County Museum of Art and on the board of , contributing to arts and healthcare initiatives. Ressler is married to actress , with whom he has three sons, and his family ties extend to business through his sister Debra's marriage to and his brother Richard's role in co-founding , a firm. 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.

Early life and education

Childhood and family background

Tony Ressler was born on October 12, 1960, in , to a Jewish family. He is one of five children born to Dorothy Ressler and Ira Ressler, a respected trial who was also a decorated veteran. Ressler's siblings include his sister , who is married to , co-founder of . The family emphasized close-knit bonds, with Ira and Dorothy described in obituaries as devoted parents who cherished their children and in-laws. Raised in a middle-class Jewish household in , , 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.

Academic career

Tony Ressler attended University's School of Foreign Service, where he earned a in Foreign Service (B.S.F.S.) degree in 1982. The program's curriculum emphasized , , 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 , obtaining a (M.B.A.) in 1984. This graduate program exposed him to core business principles, financial analysis, and investment strategies, enhancing his grasp of 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 and .

Business career

Early professional roles

Following his MBA from , Antony Ressler entered the finance industry in 1984 by joining in its high-yield bond department, where he worked under . At Drexel, Ressler advanced to senior and played a key role in junk bond trading, which fueled leveraged buyouts and supported advisory during the explosive growth of 1980s . This period honed his expertise in assessing corporate value and deal structuring amid the era's high-stakes environment. Ressler left the firm in the wake of its 1990 , precipitated by charges leveled against Milken and the broader junk bond operation. In the ensuing transition, he connected with fellow Drexel colleagues, including , laying groundwork for future collaborations.

Apollo Global Management

In 1990, Antony Ressler co-founded alongside his brother-in-law and other former colleagues, including Josh Harris and , following the collapse of Drexel amid the bond market downturn. The firm was established in as an alternative asset manager, drawing on the founders' expertise in high-yield securities to navigate the post-crisis financial landscape. Apollo's initial strategy centered on distressed debt and investments, targeting undervalued assets from troubled companies and institutions affected by the . 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. Throughout the , Apollo expanded rapidly, closing additional funds and growing to manage billions in by capitalizing on market dislocations. 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. 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. 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.

Ares Management Corporation

In 1997, Tony Ressler co-founded with John H. Kissick and David B. Kaplan, former colleagues, along with Bennett Rosenthal and others, establishing the firm as a specialized alternative asset manager in . 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. Over time, Ares expanded its scope to encompass and investments, building a diversified platform across complementary asset classes. 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 through significant growth to manage over $596 billion in as of September 30, 2025. Key milestones include the company's in 2014, which listed on the and raised approximately $217 million, marking a pivotal step in accessing public markets and broadening its investor base. The firm has pursued strategic acquisitions to enhance its capabilities, such as Area Property Partners in 2013 for real estate , Energy Investors Funds in 2015 for 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. These moves have supported global expansion, with offices established across , (beginning in 2007), and , enabling to serve institutional investors worldwide. Ressler's substantial equity stake in forms the primary basis of his estimated of $12.1 billion as of November 2025, reflecting the firm's strong performance in alternative investments.

Sports ownership

In June 2015, Tony Ressler led an investor group that acquired the franchise from Atlanta Spirit LLC for $850 million, marking his entry into ownership. As Principal Owner, Ressler assumed the role of Chairman of the and serves as the team's Governor on the NBA Board of Governors, guiding the franchise's strategic direction. Ressler has overseen significant infrastructure investments, including a $192.5 million of the team's home arena, completed in 2018 and renamed , which featured modernized suites, concourses, and fan amenities as the second-largest arena upgrade in NBA history. The Hawks organization, under his leadership, contributed $50 million to the project, enhancing the venue's role as a hub. On the basketball side, key strategic moves include hiring as head coach in February 2023 on a five-year deal to revitalize the team's offensive system, alongside draft selections such as (acquired via trade in 2018) and (first overall in 2024), aimed at building a competitive core. These efforts have propelled the Hawks to the Eastern in 2021 and multiple playoff appearances, reflecting Ressler's commitment to pursuing an NBA championship. 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 and a $40 million in to support Black-owned businesses with financial, marketing, and educational resources. These programs have strengthened the franchise's local impact, aligning operational decisions with broader economic empowerment in the region.

Milwaukee Brewers

In 2005, Antony Ressler joined an investment group led by his longtime friend to purchase the Brewers from the family of former MLB Commissioner for $223 million. 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. His participation stemmed from a close personal connection to Attanasio, with whom he has been friends since high school in . 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 in 2018 and in 2023 and 2024. The group has also supported infrastructure enhancements at , 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. 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 .

Personal life

Marriage and family

Antony Ressler married actress on June 16, 1989, following their meeting in 1987 at a dinner party in . The couple, both of Jewish heritage, connected quickly and built a partnership that extends beyond their personal lives into business and . Ressler and Gertz have three sons: Oliver Jordan Ressler (born May 6, 1992), Nicholas Simon Ressler (born 1995), and Theo Ressler (born 1998). The family emphasizes privacy, with the sons maintaining low profiles while pursuing independent careers; Oliver works in as a partner at Courtside Ventures, focusing on sports technology investments, and Nicholas serves as vice president of strategic planning for the NBA. The Resslers often engage in joint family activities, including attending games together and supporting philanthropic causes through their shared foundation. 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.

Residences and lifestyle

Tony Ressler has maintained his primary residence in , since the 1990s, reflecting his long-standing ties to the Los Angeles area where he co-founded in 1997. The couple's mansion, valued at approximately $60 million, spans over 13,000 square feet with seven bedrooms and ten bathrooms, blending modern luxury with privacy. They also own a secondary property in Malibu's Broad Beach neighborhood, a beachfront estate that serves as a retreat within the region. Following his purchase of the Atlanta Hawks in 2015, Ressler acquired a residence in , , to support his increased presence in the city for team ownership and local investments. These properties facilitate a lifestyle that accommodates family integration across locations. Despite an estimated of $12 billion as of November 2025—derived primarily from his stakes in and other ventures—Ressler maintains a low-key existence, shunning the spotlight in favor of privacy and discretion. His daily life emphasizes family time and travel, often centered on meaningful personal experiences rather than public ostentation. Ressler's interests include 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. He remains involved in Jewish community activities, aligning with his cultural heritage.

Philanthropy

Ressler Gertz Family Foundation

The Ressler Gertz Family Foundation was established in 1997 by Tony Ressler and actress as a private family foundation dedicated to . Managed jointly by the couple, it prioritizes grants in , , , and , with an emphasis on fostering , 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 typically exceed $20 million, enabling a broad portfolio of grants that address pressing social needs. In , amid heightened focus on racial equity, the foundation committed $5 million to the Herman J. Russell Center for Innovation and Entrepreneurship in , providing , , and workspace to empower entrepreneurs and stimulate in minority communities. The foundation also sustains support for Jewish organizations and institutions. In health, it directs ongoing funding to initiatives like the , 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 .

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 middle and high schools in serving over 12,000 predominantly low-income students of color. The organization focuses on providing rigorous college-preparatory to underserved communities, with an emphasis on closing achievement gaps through high standards and extended learning opportunities. 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. He has also contributed to funds at his , , to bolster educational access and resources for students. In community initiatives, Ressler co-founded The Painted Turtle Camp in 2004, a nonprofit providing week-long experiences for children with chronic or life-threatening illnesses, fostering and normalcy through recreational activities in a medically supervised environment. 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. Following his 2015 acquisition of the , Ressler has driven educational initiatives through the team's Atlanta Hawks Foundation, including the renovation of 25 basketball courts in to create safe spaces for physical activity and learning, and a $40 million commitment to programs that incorporate educational resources for underserved populations. These efforts prioritize K-12 enhancements, such as partnerships providing access to basketball clinics and academic support, aiming to improve outcomes for low-income and minority students in the region.

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