Portrait of Leslie Alexander

Rank #1795

Leslie Alexander

Net worth $2.3B

Sports team · United States

Born
Jun 30, 1943
Age
82
Source
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

Net worth over time

Biography

  • Leslie Alexander sold the NBA's Houston Rockets to billionaire Tilman Fertitta for $2.2 billion in 2017.
  • Alexander paid $85 million for the Rockets in 1993, just before Hakeem Olajuwon led the team to NBA titles the next two seasons.
  • Alexander first made Forbes? billionaires list in 2006, thanks to his stake in student loans securitizer First Marblehead, though the Rockets proved to be a better investment.
  • He 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 has funded a horse sanctuary in Middleburg,Virginia named after his mother, Evelyn.

Financial assets

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