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Forstmann was born and raised in Greenwich, Connecticut, the second of six children. He was the son of Dorothy (née Mercadante) and Julius Forstmann, who ran a wool business that went bankrupt in 1958. [4] Julius had inherited Forstmann Woolen Co. from his own father, one of the richest American businessmen. [5]
Forstmann and the late John Walton met as donors to the Washington Scholarship Fund (WSF), founded in 1993 to provide scholarships for low-income families in Washington D.C. When more than 8,000 applications applied to WSF for the 1998-99 school year the two men realized there was substantial demand among poorer families for alternatives to the ...
Ruttenberg arranged funding for Forstmann, who launched Forstmann Little & Company in 1978. [3] The company was founded by brothers Ted and Nick Forstmann, and Brian Little. [4] With the deaths of Brian Little and Nicholas Forstmann in 2000 and 2001, [5] respectively, Ted Forstmann was the chief partner. A third brother, J. Anthony Forstmann ...
Forstmann was an original investor in Forstmann Little & Company in 1975 with his two brothers, Theodore J Forstmann (Ted) and Nicholas C Forstmann (Nick).At its peak, the company was one of the largest private equity firms globally and specialized in leveraged buyouts.
In 1998, as part of the Philanthropy Roundtable, Walton and friend Ted Forstmann established the Children's Scholarship Fund to provide tuition assistance for low-income families to send their children to private schools. [4] He was an advocate of school vouchers.
Forstmann is a German surname. Notable people with the surname include: Arnold Forstmann (1842-1914), German artist; Gustav Forstmann (1908-1985), German naval commander; Judith Forstmann (died 2009), Argentinian politician; Julius Anthony (Tony) Forstmann, businessman; Nicholas C. Forstmann aka "Nick" (1947-2001), businessman
On Monday, global sports and media behemoth IMG announced the death of its chairman and CEO, Theodore J. "Ted" Forstmann, from brain cancer. Forstmann, born in 1940, was a former investment banker ...
Ted Forstmann (B.A. 1961 (TC)), co-founder and senior partner of Forstmann Little & Company, member of the Forbes 400 Roberto Goizueta (B.A., 1953), CEO and Chairman of the Board, The Coca-Cola Company