⬅ # 194 Leonid Fedun|# 196 Viktor Rashnikov

# 195 Tony Ressler 

$10.9B

Real Time Net Worth
as of 7/12/2024
-$46.5M (-0.43%)

# 195 Tony Ressler 

$10.9B

Real Time Net Worth
as of 7/12/2024
-$46.5M (-0.43%)
OccupationCofounder, Apollo Global Management; Cofounder, Ares Management
Source of WealthPrivate equity
Age63
ResidenceLos Angeles, California
Marital StatusMarried
Children3
EducationMBA, Columbia Business School; BS, Georgetown University
Age-Adjusted Net Worth$8.94B
Tony Ressler
Tony Ressler
United States
Net worth: $10.9B

Self-Made Score 

Wealth History

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Biography

Overview

Antony P. Ressler was born on October 12, 1960, into a Jewish family to Dorothy and Ira Ressler.
He earned a Bachelor of Science in Foreign Service from Georgetown University's School of Foreign Service and an MBA from Columbia Business School.
Ressler began his career at Drexel Burnham Lambert, rising to senior vice president in the high yield bond department.
In 1990, Ressler co-founded Apollo Global Management with Leon Black and others following the collapse of Drexel Burnham Lambert.
He later co-founded Ares Management in 1997 with former colleagues from Apollo and Merrill Lynch.
Ressler held the position of CEO at Ares Management until December 2017 when he transitioned to become executive chairman.

Sports Ownership

Ressler has ownership stakes in both the Milwaukee Brewers baseball team and the Atlanta Hawks basketball team.
He was part of an investment group that successfully acquired the Milwaukee Brewers in 2005.
In June 2015, Ressler became the principal owner of the Atlanta Hawks, purchasing the team for approximately $850 million.

Personal Life

In 1989, Ressler married actress Jami Gertz, with whom he has three sons: Oliver Jordan, Nicholas Simon, and Theo.
The family resides in Los Angeles and are members of the Wilshire Boulevard Temple.
Ressler's sister, Debra Ressler, is married to Apollo co-founder Leon Black, and his brother, Richard Ressler, is a principal and founder of CIM Investment Management.

How long would it take you to become as rich as Tony Ressler?

If you started with $10,000 and invested an additional $500 each month at a 44.15% CAGR, it would take you 5 years to reach Tony Ressler's net worth of $10.9B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 51.86% compared to 19.03% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Tony Ressler is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Tony Ressler, Private equity is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey