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Leslie Alexander, born in 1943, is an American businessman, attorney, and financier. He is best known for his ownership of the Houston Rockets NBA team for 24 years, from 1993 to 2017, during which the team won two NBA championships. Alexander started his career trading bonds before founding The Alexander Group. In 2024, his net worth is estimated at $1.9 billion, reflecting his success in sports and investments.
Leslie Lee Alexander was born on June 30, 1943, in New York City, to a Jewish family. He graduated from New York University in 1965 with a bachelor's degree in economics. After his father's death, he dropped out of Brooklyn Law School to support his mother. He later earned a Juris Doctor from Thomas Jefferson School of Law.
Alexander began his career trading options and bonds. In 1980, he founded The Alexander Group, his own investment company. His significant wealth came from owning the Houston Rockets, which he bought in 1993 for $85 million. Under his ownership, the Rockets won back-to-back NBA championships in 1994 and 1995. He sold the team in 2017 for $2.2 billion.
Alexander's business strategies involved identifying undervalued assets and making strategic investments. His acquisition of the Houston Rockets and his ability to build a championship team exemplified his savvy business acumen. Furthermore, his early understanding of the potential in sports franchises and his willingness to invest significantly contributed to his financial success.
Alexander has been involved in philanthropy, donating to various causes. In 2017, he pledged $10 million to 20 Houston charities and another $10 million for Hurricane Harvey relief efforts. He is also a supporter of an animal rescue center.
Established his own investment company.
Bought the NBA team for $85 million.
The Houston Rockets won back-to-back championships.
Received recognition for his ownership of the Rockets.
Sold the team for $2.2 billion.
Pledged to 20 Houston charities.
Pledged for relief efforts.
