Leslie Alexander (businessman)
|Born||Leslie L. Alexander
1944 (age 72–73)
New Jersey, U.S.
|Residence||Delray Beach, Florida|
|Alma mater||B.A. New York University
J.D. Thomas Jefferson School of Law
|Occupation||Businessman & Investor. Attorney (ret).|
|Known for||Owning the Houston Rockets|
|Net worth||$1.9 billion (December 2016)|
|Spouse(s)||Nanci Shnapier Alexander (divorced)|
Leslie L. Alexander (born 1944) is an American attorney, businessman and financier. He is a former bond trader from New Jersey who owns the National Basketball Association (NBA) team Houston Rockets.
Leslie L. Alexander was born in 1944, to a Jewish family in New Jersey. In 1965, he graduated from New York University with a bachelor's degree in economics and later earned his juris doctor from the Thomas Jefferson School of Law.
Alexander began his career as an attorney. From 1978 to 2009, he was a member of the California State Bar. His first job was trading options and bonds for the Wall Street firm, Lawrence Kotkin Associates. In 1980, he left to form his own investment company, The Alexander Group. He also owns an 18.5% stake in First Marblehead, a private student loan company.
Sports team ownership
Alexander bought the Rockets in July 1993 for $85 million. In his first two seasons as owner (1993–94 and 1994–95), the Rockets won back to back World Championships anchored by Hall of Famer Hakeem Olajuwon. The Rockets have the 2nd highest win percentage in the NBA across Alexander's reign as owner (#1 Spurs). In 2003, the Toyota Center was opened and the franchise almost instantly became twice as profitable.
From 1997 until early 2007, Alexander was the owner of the WNBA's Houston Comets. The Comets won the league's first 4 WNBA championships from 1997 to 2000. He sold the team to Hilton Koch in January 2007, one year before The Comets folded.
Alexander was raised Jewish, and now identifies as Agnostic. He is a vegetarian and an advocate of animal rights. He is a supporter of the Democratic Party and has donated $15,000 in the past 20 years to Democratic candidates. He purchased the duplex penthouse of 18 Gramercy Park in 2012, reportedly for $42 million.
Alexander's net worth is an estimated $1.54 billion as of Q1-2016, placing him at #401 on the list of richest people in the United States.
On March 27, 2017 Alexander pledged $4 million to 20 Houston charities, including the Houston Area Women's Center, Houston Public Library Foundation, Healthcare for the Homeless, and Citizens for Animal Protection.
- Mendelsohn, Ezra Jews and the Sporting Life : Studies in Contemporary Jewry XXIII edited by Institute of Contemporary Jewry Hebrew University of Jerusalem p. 98
- Forbes: "The 400 Richest Americans - #322 Leslie Alexander September 21, 2006
- Rockets: Leslie Alexander Biography
- Leslie L. Alexander (Houston Comets)
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- "Oilers Deal Collapses". Orlando Sentinel. November 5, 1997.
- WNBA disbands women's pro basketball team in Houston | Reuters
- Daily Mail: "Billionaire owner of Houston Rockets buys NYC's most expensive downtown Manhattan condo with outdoor INFINITY POOL and FOUR massive terraces for $42 million" September 13, 2013
- "The 400 Richest Americans: #322 Leslie Alexander". Forbes.com. Retrieved March 30, 2011.
- Real GM: "Follow The Money: Political Contributions Of NBA Owners" By Christopher Reina November 03, 2011
- Velsey, Kim (October 22, 2012). "18 Gramercy Park Is Having the Best Fall Ever". The New York Observer. Retrieved October 21, 2015.
- "Leslie Alexander". Forbes. Retrieved 2016-03-02.