Ted Forstmann’s profile picture

Ted Forstmann

Ted Forstmann’s profile picture
Net worth 2018: $1.8 Billion
Industry: Investments
Country: United States
BirthDay: 13 February 1940
Sigh: Pisces
Died On: 20/11/2011
Children: 2
Education: Bachelor of Arts / Science, Yale University; Doctor of Jurisprudence, Columbia University
BIOGRAPHY

Ted Forstmann was bornon 13 February 1940 in United States. IMG chairman was diagnosed with brain cancer in early 2011, just months after finding himself at the center of a betting scandal sparked by a lawsuit that accused him of betting on clients including Roger Federer and NCAA football. Forstmann admitted to having gambled in the past but denied the charges in the lawsuit. Meanwhile, he faces a grim prognosis with the same type of tumor that felled Sen. Edward Kennedy. Forstmann vowed to fight and build IMG, telling a New York Times interviewer in May that he refused to be remembered for his illness:"He did this, he did that, and he died of brain cancer. No way."

NET WORTH STATISTIC
2010

$1.6 Billion

2011

$1.8 Billion

2018

$1.8 Billion

TIMELINE
2011

Forstmann died on November 20, 2011 due to complications from brain cancer

2009

Finally, from 2009 until his death, Forstmann was known to be dating Padma Lakshmi, the 42-year-old Indian-American host and judge of Top Chef

2008

In 2008, he dated Allison Giannini, a 38-year-old actress who was in Mission: Impossible III

2006

In December 2006, newspaper reported on the inquiry into the death of Diana, Princess of Wales alleged that U

2001

Forstmann argued that the excess of money pumped into the economy after the September 11 attacks in 2001 distorted the decision-making abilities of nearly everyone in finance

1999

Between 1999 and 2000, Forstmann was rumored to be dating Tracy Richman, Elizabeth Hurley, and her friend Birgit Cunningham

1997

She and her sons were said to have planned to visit him in summer 1997, but British security reportedly blocked the visit over security concerns related to the bugging

1995

In 1995 Forstmann was given the "Patron of the Arts Award" by the National Academy of Popular Music at the Songwriters Hall of Fame induction ceremonies

1994

From 1994–1995, Forstmann was involved with Princess Diana

1992

Bush’s re-election campaign in the 1992 US presidential election

1990

Although Forstmann never married, he adopted two boys, Everest and Siya, in the 1990s after meeting them at an orphanage in South Africa

1980

Forstmann's criticism of Kravis (and much of the rest of the financial industry during the 1980s) centered on the issuance of high yield "junk" bonds to finance mergers and acquisitions

1978

Forstmann, an attorney, founded Forstmann Little in 1978 with his younger brother Nicholas, and Brian Little

1958

He was the son of Dorothy (née Mercadante) and Julius Forstmann, who ran a wool business that went bankrupt in 1958

1940

Theodore Joseph "Ted" Forstmann (February 13, 1940 – November 20, 2011) was one of the founding partners of Forstmann Little & Company, a private equity firm, and chairman and CEO of IMG, a global sports and media company

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