Marc Lasry Biography | Wiki
Marc Lasry is a popular American billionaire businessman and private equity manager who is the co-founder and CEO of Avenue Capital Group. From 2014 to 2023, Marc was a co-owner of the NBA’s Milwaukee Bucks basketball team. Following graduating from law school, Marc took a role in the bankruptcy branch of the law firm Angel & Frankel. Alongside his sister Sonia Gardner, a businesswoman, they founded Amroc Investments in 1989 and Avenue Capital Group in 1995.
After a year, Marc became the Director of the Private Debt Department at the investment firm R. D. Smith, currently Smith Vasillou Management. This is where he first got involved in trade claims. He later took a role as co-director of the Bankruptcy and Corporate Reorganization Department at Cowen & Company.
There he enrolled his sister Sonia to assist in the company’s trade claims department. Marc left Cowen & Company and joined the Robert M. Bass Group, which specialized in distressed security investments. In 1989, Marc and his sister created the firm Amroc Investments with $100 million in seed money from many investors. Amroc bought both trade claims and bank debt held by vendors of bankrupt and/or distressed companies.
Marc Lasry Age
Marc was born on September 23, 1959, in Marrakesh, Morocco. He is 64 years old. Marc celebrates his birthday on September 23, every year.
Marc Lasry Height
He is a man of above-average stature. Marc stands at a height of 5 ft 11 in ( Approx. 1.78m ).
Marc Lasry Family
He was born in Marrakesh, Morocco, the son of Moise and Elise. When Marc was seven years old, he and his family moved to the U.S. Marc holds an American nationality. Marc’s father, Moise, worked as a computer programmer while his mother, Elise, worked as a schoolteacher. He grew up in West Hartford, Connecticut, alongside his sister Sonia Gardner who works as a businesswoman and hedge fund manager.
Marc Lasry Sister
Marc has a sister named Sonia. He and his sister Sonia formed Avenue Capital Management in 1995 with $7 million in funding from peers and family. Sonia started her career as Senior Attorney of the Bankruptcy and Corporate Reorganization Department at Cowen and Company.
Marc Lasry Wife
Marc is married to his wife Cathy Cohen. The couple has five children named Alex, Zack, Sophie, Emma, and Samantha. Marc’s son, Alex ( Alexander), worked for White House senior adviser Valerie Jarrett and became a candidate for the United States Senate in 2022. Alex is also a University of Pennsylvania graduate.
Marc Lasry Daughter
Marc has three daughters named Sophie, Emma, and Samantha. His daughter Samantha worked as a staffer for congressman Rahm Emanuel. Samantha got married in 2022 to John Fleisher.
Marc Lasry Education
He went and earned a B.A. in history from Clark University in 1981. Later on, Marc earned a J.D. from New York Law School in 1984. While in law school, Marc served as a clerk for the Chief Bankruptcy Judge of the Southern District of New York, Edward Ryan.
Marc Lasry Bucks | Milwaukee Bucks
In April 2014, Marc became co-owner of the NBA’s Milwaukee Bucks following buying the team from Herb Kohl for $550 million with Wes Edens. After the 2016 U.S. election, Marc and the Milwaukee Bucks became one of three NBA teams to openly state they would not be staying at Trump-branded hotels when on the road. In 2021, Marc quit as the chair of Ozy. Marc also touted investing in China, claiming “Now is a great time to be investing in China”. In 2023, Marc entered an agreement to sell his 25% stake in the Bucks to Dee and Jimmy Haslam. The NBA Board of Governors accepted the sale on April 14, 2023.
Marc Lasry Avenue Capital
In 1995, Marc and her sister invested $7 million of their own capital and created the Avenue Capital Group, which formerly focused on distressed debt and special situations primarily in the United States, such as getting involved in the Puerto Rican government-debt crisis. The two effectively expanded the firm’s investment focus to Europe and Asia. The pair also went on to build their hedge fund, which had as much as $11 billion in assets under management.
In 2010, Mar also took control of Trump Entertainment Resorts as it went via its third bankruptcy. In October 2011, Marc and Donald Trump reported plans to set up an online gambling venture if and when the United States forbids such betting. On January 12, 2013, when the reorganization of Trump Entertainment had made marked progress, Marc resigned as the casino company’s chairman of the board.
In 2013, Marc was considered for the position of U.S. ambassador to France but refused consideration for business reasons. In 2014 Forbes listed Marc as one of the 25 highest-earning hedge fund managers in 2013, with total earnings of $280 million.
Marc Lasry Selling Bucks | Sells Bucks | Bucks Sale | Sale
In April 2023, he reached an agreement to sell his ownership stake in the Milwaukee Bucks to Jimmy Haslam and Haslam Sports Group, working under a $3.5 billion valuation for the franchise, the Journal Sentinel confirmed on April 14, 2023. Sources reported on the discussions told The Athletic the deal carried a valuation of $3.5 billion.
Marc Lasry House
In 2020, he found time to close a deal in Los Feliz, purchasing the home of Grammy-winning producer Mark Ronson for $4.776 million. This Mediterranean Revival-style spot, built in 1935, has lots of character. Tucked behind gates, it’s enclosed by grassy yards, tropical landscaping, and a handful of romantic outdoor lounges. Inside, initial details such as beamed ceilings and wrought iron compete with custom finishes and nice pops of color. It has five bedrooms and 7.5 bathrooms in 6,263 square feet.
Marc Lasry Billions
Marc’s firm manages about $10 billion in assets and specializes in distressed and undervalued securities. He, the billionaire co-founder of Avenue Capital Group, stated he expects investments in upstart sports leagues like pickleball may offer a higher rate of return to investors than NBA teams.
Marc Lasry Pickleball
His foray into the NBA ownership ranks became a lucrative pursuit, but Marc believes his investment in pickleball could yield a bigger bang for his buck.
Marc Lasry Inter Milan
In 2022, many reports in the Italian media have stated that Marc was one of many potential buyers who want to begin due diligence so as to buy Inter Milan from Suning. Marc has never expressed any interest in buying the Inter Milan club.
Marc Lasry Net Worth
He gets his wealth from his work as a billionaire businessman and private equity manager who is the co-founder and CEO of Avenue Capital Group, and co-owner of the Milwaukee Bucks. Therefore, Marc has accumulated a decent fortune over the years. Marc’s net worth is $2.1 billion.
How Old Is Marc Lasry
Marc is a 64-year-old who was born on September 23, 1959, in Marrakesh, Morocco. Marc celebrates his birthday on September 23, every year.
How Tall Is Marc Lasry
Marc is a man of above-average stature who stands at a height of 5 ft 11 in ( Approx. 1.78m ).
Who Is Marc Lasry
He is an American private equity investor and hedge fund manager who is the Chief Executive Officer and Co-Founder of Avenue Capital Group. Before co-founding Avenue Capital Group, LLC as an independent entity, he managed capital for Amroc Investments, L.P. Before that, Marc worked as co-director of the Bankruptcy and Corporate Reorganization Department at Cowen & Company. He also clerked for the Honorable Edward Ryan, retired Chief Bankruptcy Judge of the Southern District of New York.