Name
Leslie Alexander
Leslie Alexander
Houston, Texas
Bachelor of Arts/Science, New York University | Doctor of Jurisprudence, Western State University College of Law
United States
8
sports team, Self Made
$2,100,000,000
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1
#1168 Billionaires 2019
#383 Forbes 400 2018
In September 2017 Leslie Alexander agreed to sell the Houston Rockets NBA team to Tilman Fertitta for $2.2 billion, 25 times what he 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 getting a degree at 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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