Marc Lasry

$2.17 B

Ranked #1878 in World

About Marc Lasry

Renowned Moroccan-born American billionaire, Marc Lasry, a prominent figure in the finance sector, is widely recognized for co-founding Avenue Capital Group and his tenure as co-owner of the Milwaukee Bucks. Educated at Clark University and New York Law School, Lasry's diverse career spans law and corporate reorganization to managing a hedge fund that overseen an impressive $11 billion in assets. His recent decision to sell his stake in the Bucks marks a new chapter in his business endeavors. Lasry's commitment to philanthropy is exemplified through substantial educational donations and active roles in various organizations.

Born

September 23, 1960 in Marrakesh, Morocco

Age

65 years

Source Of Wealth

Hedge Funds

Industries

Finance & Investments

Citizenship

United States

Residence

New York, New York

Education

Bachelor of Arts/Science, Clark University; Doctor of Jurisprudence, New York Law School

Spouse

Cathy Cohen

Children

5, including Alex

Marc Lasry was born on September 23, 1959, in Marrakesh, Morocco. He immigrated to the United States at the age of seven with his family. His father was a computer programmer, and his mother was a schoolteacher. Lasry grew up in West Hartford, Connecticut.

Marc Lasry: Family

Marc Lasry is married to Cathy Cohen, and they have five children together. His son, Alex, worked for White House senior adviser Valerie Jarrett and ran for the U.S. Senate in 2022. His daughter, Samantha, worked for Congressman Rahm Emanuel.

Marc Lasry: Career Highlights

Lasry's career in finance began when he worked as a clerk for the Chief Bankruptcy Judge of the Southern District of New York. He then held a position in the bankruptcy branch of the law firm Angel & Frankel. In 1989, he founded Amroc Investments with his sister Sonia Gardner. In 1995, he founded Avenue Capital Group, which focused on distressed debt and special situations.

Lasry has also served as the Director of the Private Debt Department at R. D. Smith and the Co-director of the Bankruptcy and Corporate Reorganization Department at Cowen & Company. He joined the Robert M. Bass Group, where he focused on distressed security investments.

Under Lasry's leadership, Avenue Capital Group expanded its investment focus to Europe and Asia. The hedge fund managed up to $11 billion in assets. In 2010, Lasry took control of Trump Entertainment Resorts during its third bankruptcy. He also planned an online gambling venture with Donald Trump in 2011 but resigned as chairman of Trump Entertainment in 2013.

In 2014, Lasry became the co-owner of the Milwaukee Bucks with Wes Edens. He stepped down as chair of Ozy in 2021 and is currently the largest shareholder of Amplify Energy, which was involved in an oil spill in Orange County, California. In 2023, Lasry entered an agreement to sell his 25% stake in the Bucks to Dee and Jimmy Haslam.

Marc Lasry: Companies

Avenue Capital Group
Amroc Investments
R.
D. Smith
Cowen & Company
Robert M. Bass Group
Trump Entertainment Resorts
Milwaukee Bucks
Ozy
Amplify Energy

Marc Lasry: Major Achievements

Co-founded Avenue Capital Group, a successful hedge fund.
Took control of Trump Entertainment Resorts during its third bankruptcy.
Planned an online gambling venture with Donald Trump.
Became co-owner of the Milwaukee Bucks.
Served as a director of the 92nd Street Y, the Big Apple Circus, and a trustee of Mount Sinai Hospital.
Participated in "Portfolios with Purpose" stock selection contest for charities.
Played in the NBA All-Star Celebrity Game in 2019.

Marc Lasry: Awards & Achievements

Listed as one of the 25 highest-earning hedge fund managers in 2013 by Forbes.
Received the Ellis Island Medal of Honor in 2016.
Named one of the "50 Most Influential Jews in the World" by The Jerusalem Post in 2017.

Marc Lasry: Personal Life & Legacy

Marc Lasry is a major Democratic Party donor and supported Kamala Harris in the 2020 Democratic presidential primary. He is a member of Kappa Beta Phi and has been involved in various philanthropic efforts, including supporting the University of Pennsylvania and donating to Clark University. Lasry is also known for his interest in basketball and played in the NBA All-Star Celebrity Game in 2019.

Marc Lasry: Trivia

Lasry is a fan of the New York Knicks and the New York Yankees.
He is a collector of contemporary art.
Lasry is a licensed pilot.
He is a member of the Council on Foreign Relations.

Wealth History

Timeline

September 23, 1959

Marc Lasry is born in Marrakesh, Morocco.

1966

Immigrates to the U.S. with his family at age seven.

1981

Receives a B.A. in history from Clark University.

1984

Earns a J.D. from New York Law School.

1989

Founds Amroc Investments with his sister Sonia Gardner.

1995

Founds Avenue Capital Group, focused on distressed debt and special situations.

2010

Takes control of Trump Entertainment Resorts during its third bankruptcy.

2011

Plans an online gambling venture with Donald Trump.

2013

Resigns as chairman of Trump Entertainment.

2013

Considered for U.S. ambassador to France, declines for business reasons.

2013

Listed as one of the 25 highest-earning hedge fund managers by Forbes.

2014

Becomes co-owner of the Milwaukee Bucks with Wes Edens.

2019

Plays in the NBA All-Star Celebrity Game.

2021

Steps down as chair of Ozy.

2022

Son, Alex, runs for U.S. Senate.

2023

Enters an agreement to sell his 25% stake in the Bucks to Dee and Jimmy Haslam.

Marc Lasry : FAQs

What is Marc Lasry's current net worth?

Marc Lasry's current net worth is $2.17 billion.

What is Marc Lasry's current global rank among billionaires?

Marc Lasry holds the 1878th position globally among billionaires.

What is Marc Lasry's current ranking within the United States?

Marc Lasry holds the 628th position in United States.

What was the change in Marc Lasry's net worth compared to the previous year?

Marc Lasry's net worth increased by 296.5 million dollars compared to the previous year 2025, when his net worth was 1.88 billion dollars.

What are Marc Lasry's main sources of wealth?

Marc Lasry's main source of income comes from Hedge Funds.

In which industry does Marc Lasry primarily operate?

Marc Lasry is primarily involved in the Finance & Investments industry.

What is Marc Lasry educational background?

Marc Lasry holds a Bachelor of Arts/Science from Clark University and a Doctor of Jurisprudence from New York Law School.

How old is Marc Lasry?

Marc Lasry is 65 years old.

How many children does Marc Lasry have?

Marc Lasry has 5 children.

Who is Marc Lasry and what is he known for?

Marc Lasry is an American billionaire businessman, private equity manager, and co-founder and CEO of Avenue Capital Group. He is also known for being the co-owner of the NBA's Milwaukee Bucks from 2014 to 2023.

Can you detail Marc Lasry's career trajectory and major business investments?

Marc Lasry started as a clerk for a Chief Bankruptcy Judge and held positions in various law firms before founding Amroc Investments and Avenue Capital Group. His career includes major investments in distressed debt, taking control of Trump Entertainment Resorts during bankruptcy, and being listed as a top-earning hedge fund manager by Forbes.

How has Marc Lasry contributed to philanthropic efforts?

Marc Lasry has supported numerous institutions including the University of Pennsylvania and Clark University. He has served as a director and trustee for organizations such as 92nd Street Y and Mount Sinai Hospital, and participated in philanthropic events like 'Portfolios with Purpose'.

What are some aspects of Marc Lasry's personal life?

Marc Lasry is married to Cathy Cohen and has five children, with some of his children actively involved in politics and public service. He is a prominent Democratic Party donor, a member of Kappa Beta Phi, and played in the NBA All-Star Celebrity Game in 2019.