Leslie Alexander’s profile picture

Leslie Alexander

Leslie Alexander’s profile picture
Net worth 2018: $2.06 Billion
Industry: Sports
Residence: Houston, Texas
Country: United States
Children: 1
Education: Bachelor of Arts / Science, New York University; Doctor of Jurisprudence, Western State University College of Law
BIOGRAPHY

Leslie Alexander was born in Houston, Texas, United States. Leslie Alexander is #1179 in List Billionaires People In The World. Leslie Alexander is a true self-made billionaire. He dropped out of Brooklyn Law School at age 21 after his father died and headed to Wall Street to help provide for his mother. He found he was pretty good at investing, and after finishing his law degree he went back to trading bonds -- this time for himself. In 1993, he shelled out $85 million to buy the Houston Rockets. Good timing: Hakeem Olajuwon led the team to NBA titles in the next two seasons. Alexander first landed on the Forbes 400 in 2006 thanks to his stake in student loan securitizer First Marblehead, though the Rockets proved to be his best investment. First Marblehead's stock price tanked in 2008 as the U.S. credit market collapsed, but the Rockets are now worth $1.5 billion, and Alexander owns 100%. In June 2016 First Marblehead was acquired by FP Resources for $5.05 per share, less than 1% of its 2006 peak price. Outside of business, Alexander is an animal lover; he funds a horse sanctuary in Middleburg,Virginia named after his mother, Evelyn.

NET WORTH STATISTIC
2015

$1.6 Billion

2016

$1.9 Billion

2017

$1.9 Billion

2018

$2.06 Billion

TIMELINE
Leslie Alexander may refer to:
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