$11.3 billion
up 30%
Ressler’s major gains came from Ares’ stock, which jumped 13% over the course of the last year, and from the dramatic rise in value of his 50% stake in the Atlanta Hawks. The team has doubled its value in the last year to $4.3 billion, according to a February CNBC report. While the above provided the chief thrust for Ressler’s skyrocketing portfolio, his smaller investments in Ares Commercial Real Estate stake and legacy private equity returns provided a much-welcomed boost. Though Ressler, 65, keeps a relatively low personal profile, his moves across finance and sports ensure he stays in the conversation. Ressler, who lives in Beverly Hills, is also at the heart of L.A.’s civic centers, as a board member for Cedars-Sinai and a co-chair of LACMA. Entrepreneur: A former Drexel executive, Ressler co-founded Apollo before launching Ares in 1997. Ares also made headlines by acquiring GLP’s international business. Sports: On top of Ressler’s stake in the Hawks, Ares holds a minority stake in the Miami Dolphins.
