Marc Lasry Net Worth is
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Marc Lasry (Arabic: U?????U? ??U????u??U?) is a Moroccan-American billionaire hedge fund manager. He is the co-founder and chief executive officer of Avenue Capital Group and the co-owner of the NBA's Milwaukee Bucks (with Wesley Edens).

Lasry was born in Marrakech, Morocco, to a Moroccan Jewish family. When he was seven, his family immigrated to the U.S. His father, Moise, was a computer programmer and his mother, Elise, was a schoolteacher. At night, his parents worked a second job selling Moroccan clothing to boutique stores. Lasry grew up in West Hartford, Connecticut. He received a B.A. in history from Clark University in 1981 and a J.D. from New York Law School in 1984. His sister is Sonia Gardner; together they founded Amroc Investments and Avenue Capital Group in 1989 and 1995, respectively.
While in law school, Lasry worked as a clerk for the then Chief Bankruptcy Judge of the Southern District of New York Edward Ryan. After law school he worked as an attorney specializing in bankruptcy at the law firm Angel & Frankel. After one year, Lasry accepted a job as the director of the private debt department at the investment firm R.D. Smith (now Smith Vasillou Management). It was there he first got involved in trade claims. After earning $25 million for the firm in his first year and only receiving a $10,000 bonus, he left R.D. Smith and accepted a position as Co-Director of the Bankruptcy and Corporate reorganization Department at Cowen & Company. At Cowen & Company, Lasry recruited his sister Sonia Gardner, also an attorney, to join the firm to assist in the trade claims department. Lasry left Cowen & Company and joined the Robert M. Bass Group after he was approached by Robert Bass to manage a pool of capital focused on distressed investments.
In 1989, Lasry and his sister Sonia Gardner founded the distressed debt investment firm Amroc Investments with a $100 million in seed money from various investors. Amroc purchased both trade claims and b

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Marc Lasry Latest News

Biggest risk to the market? Democrats, says investor Marc Lasry

The biggest threat to the U.S. stock market is Democrats taking control of the House of Representatives away from the Republicans, according to investor Marc Lasry. "If they do, then what you're going to have is constant investigations," Lasry, the co ...
Posted: March 19, 2018, 2:41 pm

Billionaire lists UES manse where Michael Jackson lived for ‘ridiculously high’ price

Billionaire hedge funder Marc Lasry has listed his mansion at 4 E. 74th St. for $39 million. Lasry, who Forbes estimates is worth $1.59 billion, is the co-founder and CEO of investment fund Avenue Capital and the co-owner of the Milwaukee Bucks.
Posted: November 15, 2017, 1:52 pm

NBA: Bucks name Budenholzer head coach

“After a thorough coaching search, it was clear that Mike was the ideal choice as we enter into a new era of Bucks Basketball,” said Bucks owners Wes Edens, Marc Lasry and Jamie Dinan in a statement. “Mike has demonstrated the ability to lead and ...
Posted: May 17, 2018, 11:34 pm
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