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Contents. Theodore J. Forstmann. Theodore Joseph Forstmann (February 13, 1940 – November 20, 2011) was one of the founding partners of Forstmann Little & Company, a private equity firm, and chairman and CEO of IMG, a global sports and media company. [ 2 ] A billionaire, Forstmann was a Republican and a philanthropist.
Forstmann was an original investor in Forstmann Little & Company in 1975 with his two brothers, Theodore J Forstmann (Ted) and Nicholas C Forstmann (Nick). At its peak, the company was one of the largest private equity firms globally and specialized in leveraged buyouts. He remained a special limited partner until his brother's passing. [5]
Ruttenberg arranged funding for Forstmann, who launched Forstmann Little & Company in 1978. [3] The company was founded by brothers Ted and Nick Forstmann, and Brian Little. [4] With the deaths of Brian Little and Nicholas Forstmann in 2000 and 2001, [5] respectively, Ted Forstmann was the chief partner. A third brother, J. Anthony Forstmann ...
On Monday, global sports and media behemoth IMG announced the death of its chairman and CEO, Theodore J. "Ted" Forstmann, from brain cancer. Forstmann, born in 1940, was a former investment banker ...
In 2004, Forstmann Little, led by Theodore J. Forstmann, acquired the company; Forstmann served as chairman and CEO until his death in late 2011. On June 1, 2006, IMG Media acquired Tiger Aspect Productions , the producer of the British television series Mr. Bean and the company, along with Darlow Smithson Productions (also acquired in 2006 ...
Forstmann and the late John Walton met as donors to the Washington Scholarship Fund (WSF), founded in 1993 to provide scholarships for low-income families in Washington D.C. When more than 8,000 applications applied to WSF for the 1998-99 school year the two men realized there was substantial demand among poorer families for alternatives to the ...
The list of presidents of the United States by net worth at peak varies greatly. Debt and depreciation often means that presidents' net worth is less than $0 at the time of death. [1] Most presidents before 1845 were extremely wealthy, especially Andrew Jackson and George Washington. Presidents since 1929, when Herbert Hoover took office, have ...
Raine would also enter an exclusive relationships with William Morris Endeavor and Theodore J. Forstmann as investors. [5] [6] SoftBank Group also holds a small stake of Raine. [9] In April 2023, Raine acquired Code Advisors, a San Francisco-based boutique investment bank that also focuses on TMT. It was done as the two had already worked ...