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Ted Forstmann

Theodore Joseph "Ted" Forstmann (February 13, 1940 – November 20, 2011) was one of the founding partners of Forstmann Little & Company, a private equity firm, and chairman and CEO of IMG, a global sports and media company. A billionaire, Forstmann was a Republican and a philanthropist. He supported school choice and funded scholarship programs for the disadvantaged. Forstmann grew up in Greenwich, Connecticut, the second of six children. His father, Julius, ran a wool business that went bankrupt in 1958. Julius Forstmann had inherited Forstmann Woolen Co. from his own father, one of the world's richest men. Forstmann was a graduate of Greenwich Country Day School and Phillips Academy. He then played goalie on the ice hockey team at Yale University where he was a member of Delta Kappa Epsilon fraternity. Forstmann later attended Columbia Law School where he earned a juris doctorate, which he financed through gambling proceeds. Forstmann, an attorney, founded Forstmann Little in 1978 with his younger brother Nicholas, and Brian Little. Forstmann's second brother, J. Anthony Forstmann, founded ForstmannLeff. Under Forstmann's leadership, Forstmann Little & Company made 31 acquisitions

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