Theodore "Ted" Joseph Forstmann (1940 - November 11, 2011) was one of the founding partners of Forstmann Little, a private equity firm, and chairman and CEO of IMG, a leading global sports and media company. Forstmann was a graduate of Phillips Academy, Yale University and Columbia University Law School. At Yale, he was a member of Delta Kappa Epsilon fraternity.
Forstmann, an attorney, founded Forstmann Little in 1978 with his brother Nicholas C. Forstmann, who later died of lung cancer, and William Brian Little. Forstmann Little leveraged buyouts of companies including Yankee Candle, Dr. Pepper and Community Health Systems.
Forstmann was also a philanthropist and co-founder of the Children's Scholarship Fund, and had a key focus on helping disadvantaged children throughout the world.
Forstmann had a net worth of $1.6 billion as of 2011.
He is survived by his two sons, Siya and Everest, brothers Anthony and John, and sisters Marina Forstmann Day and Elissa Forstmann Moran.
(Sources: NPR, Wiki, People)
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