NET WORTH: $1.60 billion, up 40 percent
LAST YEAR: $1.14 billion
RESIDENCE: Beverly Hills
SOURCE OF WEALTH: Private equity
THE MONEY: Cut his teeth in private equity as co-founder of New York private equity firm Apollo Global Management; owns about one-third of Ares Management, Century City private equity and debt giant he co-founded in 1997. Received more than $117 million in compensation from Ares in 2014; invested in several of company’s funds.
BUZZ: Ares took Commerce warehouse grocer Smart & Final Stores Inc. public last year in offering that raised about $161 million. Ressler, big sports fan, led group that recently agreed to buy the pro basketball’s Atlanta Hawks for $850 million in April. Also owns piece of Milwaukee Brewers; part of group that unsuccessfully bid on the Los Angeles Clippers. Member of executive committee of the Los Angeles County Museum of Art and board member of Cedars-Sinai Medical Center and Campbell Hall Episcopal School in Studio City. Sister Debra married to Apollo co-founder Leon Black and brother Richard co-founder of Mid-Wilshire real estate investment firm CIM Group. Wife, actress Jami Gertz, recently starred in ABC sitcom “The Neighbors.” Couple’s Ressler/Gertz Foundation donated more than $3.4 million in 2013.
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