Marc Lasry: The Moroccan-American Hedge-Fund Manager Worth $1.82 Billion
Marc Lasry, the co-founder and CEO of Avenue Capital Group, has a net worth of $1.82 billion. He is also a co-owner of the Milwaukee Bucks in the NBA with Wesley Edens. Lasry started his career as a bankruptcy lawyer, but later decided to specialize in investing in distressed assets.
In 1995, Lasry teamed up with his sister, Sonia Gardner, to establish Avenue Capital with $10 million in cash. The company now manages assets worth over $12 billion.
Lasry is known for his political donations to the Democratic Party, including former President Barack Obama. In 2013, he was almost ready to leave his hedge fund company to become the U.S. Ambassador to France.
