Real Estate

Billionaire Marc Lasry Doubled His Investment In The Milwaukee Bucks

by cnbc.com posted 2years ago 68 views
"It’s one of the most fun things I’ve ever done," he tells CNBC. : In 2014, billionaire investor Marc Lasry bought the Milwaukee Bucks, alongside investor Wes Eden, for $550 million. The co-owners would later be joined by fellow hedge fund manager Jamie Dinan. At the time, Lasry, the co-founder, chairman and CEO of Avenue Capital, had to be talked into the deal, he told CNBC’s “Delivering Alpha” on Wednesday. But looking back four years later, he has no regrets: “It was a good investment,” Lasry said. The team’s value has greatly appreciated since 2014.

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