Antony P. Ressler (born October 12, 1960) is an American billionaire businessman. He co-founded the private equity firms Apollo Global Management in 1990,[1] and Ares Management in 1997.[2] As of May 2024, his net worth was estimated by Forbes at $11.3 billion.[3]
Ressler was born in 1960 to a Jewish family,[4][5] one of five children of Dorothy and Ira Ressler.[6] His father was an attorney and World War II veteran.[6] Ressler earned a BSFS from Georgetown University's Walsh School of Foreign Service and an MBA from Columbia Business School.[7] After graduating, he worked at Drexel Burnham Lambert, eventually reaching senior vice president in the high yield bond department with responsibility for the new issue/syndicate desk.[7]
In 1990, on the heels of the collapse of Drexel Burnham Lambert, he co-founded the private equity firm Apollo Global Management with Leon Black, Drexel's managing director, head of the Mergers & Acquisitions Group, and co-head of the Corporate Finance Department; John Hannan, Drexel's former co-director of international finance; Craig Cogut, a lawyer who worked with Drexel's high-yield division in Los Angeles; Arthur Bilger, the former head of the Drexel's corporate finance department; and Marc Rowan, Josh Harris and Michael Gross, all of whom worked under Black in the mergers and acquisitions department.[8][9][10][11] In 1997, he co-founded Ares Management with former Apollo Global Management co-worker John H. Kissick and Bennett Rosenthal, who joined the group from the global leveraged finance group at Merrill Lynch.[12]
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