Leslie Alexander
$1.9B
Born
Jun 30, 1943
Age
82
Source of Wealth
Sports team
Residence
Houston, Texas
Citizenship
United States
Marital Status
Divorced
Children
1
Education
Bachelor of Arts/Science, New York University; Doctor of Jurisprudence, Western State University College of Law
- In late 2017 Leslie Alexander sold the Houston Rockets NBA team to Tilman Fertitta for $2.2 billion, 25 times what bought it for.
- Alexander paid $85 million for the Rockets in 1993, just before Hakeem Olajuwon led the team to NBA titles in the next two seasons.
- He debuted on the Forbes 400 in 2006 due to his stake in student loans securitizer First Marblehead, though the Rockets proved a better investment.
- Alexander started building his fortune by trading bonds after dropping out of Brooklyn Law School.
- Alexander dropped out of Brooklyn Law School at age 21 after his father died and headed to Wall Street to help provide for his mother.
- Outside of business, Alexander is an animal lover; he funds a horse sanctuary in Middleburg,Virginia named after his mother, Evelyn.
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