Leslie Alexander

Leslie L. Alexander is an American attorney, businessman and financier. He is a former bond trader from New Jersey. He formerly owned the National Basketball Association team Houston Rockets for 24 years, from 1993 to 2017.

In September 2017 Leslie Alexander agreed to sell the Houston Rockets NBA team to Tilman Fertitta for $2.2 billion, 25 times what he bought it for.

Alexander paid $85 million for the Rockets in 1993, just before Hakeem Olajuwon led the team to NBA titles in the next two seasons.

He debuted on the Forbes 400 in 2006 due to his stake in student loans securitizer First Marblehead, though the Rockets proved a better investment.

Alexander started building his fortune by trading bonds after getting a degree at Brooklyn Law School.