Rick Schnall

Rick Schnall (born 1969/1970) is an American businessman, co-president of private equity firm Clayton, Dubilier & Rice, minority owner of the Atlanta Hawks, and among the majority owners of the Charlotte Hornets.^[1]

Rick Schnall
Born	1969 or 1970 (age 55–56)[1] United States
Education	University of Pennsylvania (BA) Harvard University (MBA)
Known for	Co-President of Clayton, Dubilier & Rice Minority owner of the Atlanta Hawks majority owner of the Charlotte Hornets
Relatives	Carl Icahn (uncle)
Basketball career
Charlotte Hornets
Positions	Majority Owner, Co-Chairman
League	NBA

Biography

Schnall is a graduate of the University of Pennsylvania and the Harvard Business School. After school, he worked for Smith Barney and Donaldson Lufkin & Jenrette. In 1996, he joined Clayton, Dubilier & Rice eventually reaching partner where he started and oversees the healthcare, tech and financial services verticals.^[2]

Atlanta Hawks

In 2015, Schnall was part of a group led by Tony Ressler along with Grant Hill, Sarah Blakely, Jesse Itzler, and Steven Price, that successfully purchased the Atlanta Hawks for $850 million.^[3][4][5] He was selling his stake in the Hawks as of July 2023.^[6]

Charlotte Hornets

In June 2023, Schnall along with Gabe Plotkin successfully purchased the Charlotte Hornets from majority owner, Michael Jordan.^[7]

Personal life

Schnall is of Jewish descent^[8] and lives in New York City.^[9] He is the nephew of billionaire investor Carl Icahn.^[10]