Who is Marc Lasry and what is his net worth right now?
Marc Lasry is a 63-year-old billionaire that's had great success in the business world. Originally born in Morocco, he's gone to to build an empire here in the states. Larsy's biggest venture is being the co-founder and CEO of "Avenue Capital Group."
Aside from his work with the investment firm, Marc Lasry also has a had in professional basketball. Back in 2014, he was part of the group that bought the Milwaukee Bucks from Herb Kohl for 550 million dollars.
After nearly ten years as owner, Larsy appears to be on the way out in Milwaukee. Recent reports have come out that Cleveland Browns owner Kimmy Haslam is in talks to buy his stake in the franchise.
According to the report, Haslam stepped up as a potential buyer after Larsy almost sold his stake to another buyer. That ended up being Mat Ishbia, the new owner of the Phoenix Suns.
"Sources who were granted anyonymity so they could speak freely tell The Athletic this proscess with Haslam began after Larsy considered selling his stake in the Bucks to American businessman Mat Ishbia before Ishbi bought controlling interest of the Phoenix Suns."
American businessman/Cleveland Browns owner Jimmy Haslam and Haslam Sports Group are in serious talks to buy Milwaukee Bucks co-owner Marc Lasry's stake in the Bucks, sources tell me, @sam_amick and @eric_nehm.
Story at @TheAthletic: theathletic.com/4156400/2023/0…
What is Marc Lasry's net worth?
As of 2023, Marc Lasry has a net worth of 1.8 billion dollars. This could be subject to change if he does decide to sell his stake in the Milwaukee Bucks.
Most of his net worth stems from the success of his company. Back in 1995, Larsy and his sister founded "Avenue Capital Management" with a seven million dollar investment. According to Forbes, the investment firm now oversees roughly ten billion dollars worth of assets.
Even with the possible sale of his stake in the team, Lary's net worth is sure to remain around a high amount. Since he bought the team back in 2014, the value of the Milwaukee Bucks has skyrocked. This is in large part to having Giannis Antetokounmpo on the roster and winning the NBA title back in 2021. As of now, the Bucks are roughly worth 2.3 billion dollars.
Over the past decade, Marc Lasry has seen his net worth constantly fluxcuate. The biggest jump came in 2015, not long after he bought the Bucks. In one year's time his net worth went from 1.7 billion to 1.9 billion. After a slight dip in 2017, it has settled to the point it's at now.
There is no telling what Lasry's stake of the team will sell for, but he will likely be paid handsomley for it.