Marc Lasry

About Marc Lasry

Who is it?: Founder, Avenue Capital Group
Birth Day: September 30, 1959
Birth Place: New York, New York, United States
Birth Sign: Libra
Residence: New York, New York, US
Education: Clark University New York Law School
Occupation: Private equity investor, Hedge fund manager
Known for: Co-founder of Avenue Capital Group, and co-owner of the Milwaukee Bucks
Spouse(s): Cathy Cohen
Children: 5
Family: Sonia Gardner (sister)

Marc Lasry Net Worth

Marc Lasry was bornon September 30, 1959 in New York, New York, United States, is Founder, Avenue Capital Group. 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.
Marc Lasry is a member of Investments

💰 Net worth: $1.68 Billion (Updated at 22 June 2018)

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

Some Marc Lasry images

Biography/Timeline

1981

Lasry was born in Marrakech to a family of Moroccan Jews. When he was seven years old, he and his family immigrated to the U.S. His Father, Moise, was a computer programmer and his mother, Elise, was a schoolteacher. Lasry grew up in West Hartford, Connecticut and received a B.A. in history from Clark University in 1981 and a J.D. from New York Law School in 1984. While in law school, he worked as a clerk for the Chief Bankruptcy Judge of the Southern District of New York, Edward Ryan.

1989

In 1989, Lasry and his sister founded the firm Amroc Investments with $100 million in seed money from various Investors. Amroc purchased both trade claims and bank debt held by vendors of bankrupt and/or distressed companies. 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. The partners successfully expanded the firm's investment focus to Europe and Asia. The two went on to build their hedge fund, which had as much as $11 billion in assets under management.

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). He is a prominent donor to Democratic Party causes.

2004

In 2004, Lasry and his wife contributed support to the University of Pennsylvania and co-chaired the Penn Parent Leadership Committee. In 2005 they donated $5 million to Clark University for the construction of the “Cathy '83 and Marc '81 Lasry Center for Bioscience”.

2013

In 2013, Lasry was considered for the position of U.S. ambassador to France, but declined consideration for Business reasons. In 2014 Forbes listed Lasry as one of the 25 highest-earning hedge fund managers in 2013, with total earnings of $280 million.

2014

In April 2014, Lasry became co-owner of the NBA's Milwaukee Bucks after purchasing the team from Herb Kohl for $550 million. Following the 2016 U.S. election, Lasry 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.

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.