Rick Schnall
American businessman (born 1969)
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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]
Harvard University (MBA)
Minority owner of the Atlanta Hawks
Majority owner of the Charlotte Hornets
Rick Schnall | |
|---|---|
| Born | 1969 or 1970 (age 55–56)[1] United States |
| Education | University of Pennsylvania (BA) Harvard University (MBA) |
| Known for | Co-President of Clayton, Dubilier & Rice Minority owner of the Atlanta Hawks Majority owner of the Charlotte Hornets |
| Relatives | Carl Icahn (uncle) |
| Basketball career | |
| Charlotte Hornets | |
| Positions | Majority Owner, Co-Chairman |
| League | NBA |
Biography
Schnall is a graduate of the University of Pennsylvania and the Harvard Business School. After school, he worked for Smith Barney and Donaldson Lufkin & Jenrette. In 1996, he joined Clayton, Dubilier & Rice eventually reaching partner 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]