Marc Lasry’s profile picture

Marc Lasry

Founder, Avenue Capital Group
Marc Lasry’s profile picture
Net worth 2018: $1.68 Billion
Industry: Investments
Residence: New York, New York
Country: United States
BirthDay: 30 September 1959
Sigh: Libra
Children: 5
Education: Bachelor of Arts / Science, Clark University; Doctor of Jurisprudence, New York Law School
BIOGRAPHY

Marc Lasry was bornon 30 September 1959 in New York, New York, United States, is Founder, Avenue Capital Group. Marc Lasry is #1411 in List Billionaires People In The World. Marc Lasry and his sister Sonia founded Avenue Capital Management in 1995 with $7 million in funding from friends and family. The firm manages more than $10 billion in assets and focuses on distressed and undervalued securities. Lasry was born in Morocco and moved to the U.S. at age 7 with his family, sharing a bedroom with his 2 siblings for a decade. He is a major supporter of the Democratic Party, having raised funds for President Obama and candidate Hilary Clinton in the past. Lasry has a stake in the Milwaukee Bucks, alongside Fortress cofounder Wesley Edens and Jamie Dinan.

NET WORTH STATISTIC
2009

$1.35 Billion

2010

$1.3 Billion

2011

$1.3 Billion

2012

$1.3 Billion

2013

$1.5 Billion

2014

$1.8 Billion

2015

$1.9 Billion

2016

$1.7 Billion

2017

$1.6 Billion

2018

$1.68 Billion

TIMELINE
2016

In January 2016 Lasry participated in "Portfolios with Purpose," an annual stock selection contest in which participants pick portfolios on behalf of their favorite charities

2014

In April 2014, Lasry became co-owner of the NBA's Milwaukee Bucks after purchasing the team from Herb Kohl for $550 million

2013

In 2013, Lasry was considered for the position of U

2005

In 2005 they donated $5 million to Clark University for the construction of the “Cathy '83 and Marc '81 Lasry Center for Bioscience”

2004

In 2004, Lasry and his wife contributed support to the University of Pennsylvania and co-chaired the Penn Parent Leadership Committee

1995

In 1995, Lasry and Gardner invested $7 million of their own capital and founded the Avenue Capital Group, which initially focused on distressed debt and special situations primarily in the United States

1992

Lasry served as a director of the 92nd Street Y and the Big Apple Circus and was a trustee of the Mount Sinai Hospital (Manhattan)

1989

In 1989, Lasry and his sister founded the firm Amroc Investments with $100 million in seed money from various investors

1959

Marc Lasry (September 30th 1959) is a billionaire Moroccan-born American hedge fund manager

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