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Sunday, Oct 1, 2023

The 50 Wealthiest Angelenos: 42. Antony Ressler

THE MONEY: Chief executive of Ares Management joined billionaire’s club with private equity and asset management firm’s IPO this month. Owns 49 million shares of company, which went public at $18.15. Received more than $123 million in dividend payments from Ares in 2013; personally invested in several of company’s funds.

BUZZ: Has kept low profile for years despite being married to actress Jami Gertz, who currently stars in ABC sitcom “The Neighbors.” Couple will celebrate 25th wedding anniversary this year. Former bond trader at Drexel Burnham Lambert one of six co-founders of New York private equity firm Apollo Global Management before heading west to found Ares in 2002. Baseball fan also part owner of Milwaukee Brewers. Sits on board of Cedars-Sinai Medical Center and member of executive committee of Los Angeles County Museum of Art. Sister Debra married to Apollo co-founder Leon Black.

NET WORTH: $1.14 billion

LAST YEAR: Not on list

AGE: 54

RESIDENCE: Beverly Hills

SOURCE OF WEALTH: Private equity

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