Real Estate

Billionaire Marc Lasry Doubled His Investment In The Milwaukee Bucks

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"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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