Marc Lasry Net Worth
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4 min read
Table: Marc Lasry’s Net Worth
| Net Worth | $1.82 billion |
|---|---|
| Salary | N/A |
| Birthdate | September 30, 1959 |
| Birthplace | Morocco |
| Gender | Male |
| Height | N/A |
| Profession | Hedge Fund Manager, NBA Team Owner |
| Nationality | Moroccan-American |
What is Marc Lasry’s Net Worth?
Marc Lasry, a Moroccan-American hedge-fund manager, has an estimated net worth of $1.82 billion. He is best known as the co-founder and CEO of Avenue Capital Group and co-owner of the NBA’s Milwaukee Bucks alongside Wesley Edens.
Highlights
- Marc Lasry’s net worth is $1.82 billion.
- He co-founded Avenue Capital Group.
- He is the co-owner of the NBA’s Milwaukee Bucks.
- Lasry has made significant political donations to Democrats, including Barack Obama.
- He was considered for the position of U.S. Ambassador to France.
Early Life
Marc Lasry was born on September 30, 1959, in Morocco. He later moved to the United States and became a naturalized citizen. Details about his early life and education are limited.
Career
Before entering the finance industry, Marc Lasry worked as a bankruptcy lawyer. However, he transitioned to investing and specialized in distressed assets. In 1995, he teamed up with his sister Sonia Gardner to establish Avenue Capital Group with an initial investment of around $10 million.
Under Lasry’s leadership, Avenue Capital grew significantly and currently manages over $12 billion in assets. The company focuses on distressed debt and has investments in various industries, including real estate, retail, media, and energy.
In addition to his work in finance, Lasry gained attention as the co-owner of the Milwaukee Bucks, an NBA team. His partnership with Wesley Edens has been crucial in the team’s success and development.
Personal Life
Marc Lasry is known for his philanthropic endeavors and political contributions. He is a major donor to Democratic causes and has supported prominent politicians like Barack Obama. In 2013, he was even considered for the position of U.S. Ambassador to France, demonstrating his close ties to the political world.
Net Worth Over Time
Over the years, Marc Lasry’s net worth has seen significant growth. Starting with an initial investment of $10 million to establish Avenue Capital Group, he has transformed the company into a multi-billion-dollar enterprise. Lasry’s expertise in distressed assets and successful investment strategies have contributed to his increasing wealth.
Furthermore, his ownership stake in the Milwaukee Bucks, a valued NBA franchise, has added to his net worth. Through various business ventures and investments, Lasry has acquired significant assets and financial success.
Components of Net Worth
Marc Lasry’s net worth primarily comes from his ownership share in Avenue Capital Group and the Milwaukee Bucks. As the CEO of Avenue Capital Group, he has played a vital role in driving the company’s growth and managing its extensive portfolio of distressed assets. The success of the company has led to the accumulation of significant wealth.
Additionally, his ownership stake in the Milwaukee Bucks holds considerable value. The franchise has seen increased revenue and popularity under Lasry’s co-ownership, contributing to his overall net worth.
It is important to note that net worth estimates are subject to change as the value of investments and assets fluctuate over time.
In summary, Marc Lasry is a Moroccan-American hedge-fund manager and co-owner of the NBA’s Milwaukee Bucks. With a net worth of $1.82 billion, he has achieved significant success through his leadership at Avenue Capital Group and investments in distressed assets. Aside from his professional endeavors, Lasry is involved in political contributions and philanthropic activities. His net worth is primarily derived from his ownership stakes in Avenue Capital Group and the Milwaukee Bucks, showcasing his expertise and influence in the financial world.
