Rick Schnall

American businessman (born 1969) From Wikipedia, the free encyclopedia

Rick Schnall (born 1969/1970) is an American businessman, co-president of private equity firm Clayton, Dubilier & Rice, minority owner of the Atlanta Hawks, and among the majority owners of the Charlotte Hornets.[1]

Quick Facts Born, Education ...
Rick Schnall
Born1969 or 1970 (age 54–55)[1]
United States
EducationB.A. University of Pennsylvania
M.B.A. Harvard Business School
Known forCo-President of Clayton, Dubilier & Rice
Minority owner of the Atlanta Hawks
majority owner of the Charlotte Hornets
RelativesCarl Icahn (uncle)
Basketball career
Charlotte Hornets
PositionMajority Owner, Co-Chairman
LeagueNBA
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Biography

Schnall is a graduate of the University of Pennsylvania and the Harvard Business School.[1] After school, he worked for Smith Barney and Donaldson Lufkin & Jenrette.[1] In 1996, he joined Clayton, Dubilier & Rice eventually reaching partner[1] where he started and oversees the healthcare, tech and financial services verticals.[2]

Atlanta Hawks

In 2015, Schnall was part of a group led by Tony Ressler along with Grant Hill, Sarah Blakely, Jesse Itzler, and Steven Price, that successfully purchased the Atlanta Hawks for $850 million.[3][4][5] He was selling his stake in the Hawks as of July 2023.[6]

Charlotte Hornets

In June 2023, Schnall along with Gabe Plotkin successfully purchased the Charlotte Hornets from majority owner, Michael Jordan.[7]

Personal life

Schnall is of Jewish descent[8] and lives in New York City.[9] He is the nephew of billionaire investor Carl Icahn.[10]

References

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