Rick Schnall is a businessman and minority owner of the NBA’s Atlanta Hawks. He is a native US citizen and serves as Co-President of the private equity firm Clayton, Dubilier & Rice. In 2015, Richard was among the group that paid $850 million to own the Atlanta Hawks. Other members of the group included Grant Hill, Sarah Blakely, Jesse Itzler, and Steven Price. Schnall and Gabe Plotkin bought the Charlotte Hornets in June 2023 from Michael Jordan, the team’s primary owner.
Early life
Rick was born in 1969-1970 and lives in New York. Schnall attended the University of Pennsylvania and Harvard Business School. After graduating from college, he got jobs at Smith Barney and Donaldson, Lufkin & Jenrette. He began as an associate in 1996 and is now a partner at Clayton, Dubilier & Rice, where he is responsible for the firm’s healthcare, technology, and financial services businesses.
Rick Schnall Career
He got his start in the business world at Smith Barney and Donaldson Lufkin & Jenrette. He began his career at $526 million Clayton, Dubilier & Rice in 1996 and is now a partner. The entrepreneur has been part of the company for 27 years. Previously, he led the company’s acquisitions and sales efforts.
The Hornets’ new contract with the NBA was approved by the league’s Board of Governors. Schnall is currently a minority owner of the NBA’s Atlanta Hawks.
Plotkin and Schnall have expressed mutual interest in acquiring an interest in the Hornets and are taking whatever steps are necessary to achieve this. The deal gives Jordan nearly $1.5 billion while the new owners are responsible for rebuilding the team.
The Charlotte Hornets have been part of the NBA since 1988 and their record has been erratic ever since. Initially, Jordan only owned a small portion of the Hornets, but by 2010 he had gained complete control of the Charlotte Bobcats.
Rick Schnall biography | |
|---|---|
| Real name | Richard J. Schnall |
| birth date | 1970 |
| Age | 54 years |
| Place of birth | United States |
| Profession | businessman |
| University | University of Pennsylvania |
| qualification | graduate |
Physical Statistics | |
| Height | in feet inches – 5 feet 7 inches – in centimeters – 170 cm |
| Weight | in kilograms – 80kg – in pounds – 176 pounds |
| Hair color | Brown |
| eye color | Brown |
Rick Schnall Family | |
| Father | – |
| Mother | – |
| Sister | – |
| Brother | – |
relationship status | |
| Marital status | Married |
| who is Rick Schnall’s wife? | – |
| Children | – |
Personal life
Schnall’s private life is currently unknown, but he may certainly be married. He has managed to keep it a secret as there is no evidence on his social media profiles that he is in a relationship with anyone at the moment. If we find an update on his personal life, we’ll update it here.
Rick Schnall Net Worth
Rick has overseen the investments and technology of Clayton, Dubilier & Rice for 27 years. What he earned certainly came from his business and in part from his salary. Previously, he also worked with some financial institutions. His net worth is currently unknown but he has certainly amassed a huge sum of money thanks to his business.