Rick Schnall is a businessman and minority owner of the NBA’s Atlanta Hawks. He is a native of the United States and works as a co-president at the private equity company Clayton, Dubilier & Rice. In 2015, Richard was a part of the group that paid $850 million for the ownership of the Atlanta Hawks. The other members of the group included Grant Hill, Sarah Blakely, Jesse Itzler, and Steven Price. Schnall and Gabe Plotkin bought the Charlotte Hornets from Michael Jordan, who was the team’s principal owner, in June 2023.
Rick was born in 1970 and he is a New York resident. Schnall attended the University of Pennsylvania and the Harvard Business School. He got jobs at Smith Barney and Donaldson, Lufkin & Jenrette after graduating from college. Starting as an associate in 1996, he is now a partner at Clayton, Dubilier & Rice, where he is responsible for the firm’s healthcare, technology, and financial services practices.
Rick Schnall Career
He got his start in the business world at Smith Barney and Donaldson Lufkin & Jenrette. His career at the $526 million Clayton, Dubilier & Rice began in 1996, and he is now a partner there. For the past 27 years, this businessman has been a part of the company. Previously, he oversaw the company’s acquisition and sales efforts.
The Hornets’ new deal with the NBA has been authorized by the league’s board of governors. Schnall presently holds the position of minority owner for the NBA’s Atlanta Hawks.
Plotkin and Schnall have stated their mutual interest in purchasing a stake in the Hornets and are taking all necessary steps to make this happen. With this arrangement, Jordan walks away with almost $1.5 billion while the new owners are responsible for the team’s rebuilding.
The Charlotte Hornets have been a part of the NBA since 1988, and their record since then has been erratic. In the beginning, Jordan only owned a minor portion of the Hornets, but by 2010, he had purchased complete control of the Charlotte Bobcats.
Rick Schnall Biography
|Richard J. Schnall
|Age (as of 2023)
|University of Pennsylvania
|in feet inches – 5’ 7” – in Centimeters – 170 cm
|in Kilograms – 80 kg – in Pounds – 176 lbs
|Who is his wife?
Schnall’s personal life is not disclosed anywhere as of now, but it is certain that he should be a married man. He has managed to keep it a secret because there is nothing on his social media profiles to suggest that he is in a relationship with anyone at the moment. If we find any update on his personal life then we will update here.
Rick Schnall Net Worth
Rick has been handling the investment and technology of Clayton, Dubilier & Rice for the past 27 years. Whatever he earned surely comes from his business and some part in the form of salary. Before that, he has also worked with some financial institutions as well. His net worth is unknown as of now but he has surely gathered a huge sum of money thanks to his business.