Portrait of Michael Rees

Rank #3075

Michael Rees

Net worth $1.2B

Private equity · United States

Born
Mar 19, 1975
Age
51
Source
Private equity
Residence
New Canaan, Connecticut
Citizenship
United States
Marital status
Married
Children
2
Education
Master of Arts/Science, Massachusetts Institute of Technology; Bachelor of Arts/Science, University of Pittsburgh

Net worth over time

Biography

  • Michael Rees is cofounder and co-president of Blue Owl, which manages $250 billion and formed in 2021 when his Dyal Capital merged with Owl Rock Capital.
  • Dyal, since renamed Blue Owl GP Strategic Capital, is known for buying minority stakes in more than 60 other private equity firms.
  • Rees' division also invests in professional sports, with a fund that owns pieces of the NBA's Phoenix Suns, Sacramento Kings and Atlanta Hawks.
  • Rees still heads Blue Owl GP Strategic Capital, which oversees $66 billion. The rest of the firm's assets are in private credit and real estate.
  • Rees spent seven years at Lehman Brothers and started Dyal as a subsidiary of Neuberger Berman, which bought out parts of the bankrupt Lehman in 2009.

Financial assets

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