Financier Theodore Forstmann dies
AP
FILE - In this Sept. 8, 2010 file photo, New York City Mayor Michael Bloomberg, right, IMG CEO Ted Forstmann, left, and designer Diane von Furstenberg help to unveil a sign to temporarily rename the No. 1 subway line as "The Fashion Line" for the duration of Fashion Week at a news conference at Lincoln Center in New York. Forstmann, a longtime financier who counted the iconic baseball card company Topps and business jet company Gulfstream Aerospace among his buyouts, died Sunday, Nov. 20, 2011, at the age of 71. The cause was brain cancer, according to a statement from sports agency IMG. Forstmann was the chairman and CEO of IMG and was the senior founding partner of the investment firm Forstmann Little & Co. Forstmann Little bought IMG in 2004. (AP Photo/Seth Wenig, File)
FILE - In this Sept. 8, 2010 file photo, New York City Mayor Michael Bloomberg, right, IMG CEO Ted Forstmann, left, and designer Diane von Furstenberg help to unveil a sign to temporarily rename the No. 1 subway line as "The Fashion Line" for the duration of Fashion Week at a news conference at Lincoln Center in New York. Forstmann, a longtime financier who counted the iconic baseball card company Topps and business jet company Gulfstream Aerospace among his buyouts, died Sunday, Nov. 20, 2011, at the age of 71. The cause was brain cancer, according to a statement from sports agency IMG. Forstmann was the chairman and CEO of IMG and was the senior founding partner of the investment firm Forstmann Little & Co. Forstmann Little bought IMG in 2004. (AP Photo/Seth Wenig, File)
FILE - In this Feb. 7, 2008 file photo, Natalie Gulbis, with golf clubs, left, who plays on the LPGA Tour, watches as amateur Ted Forstmann, right, hits up to the 14th green of the Pebble Beach Golf Links during the first round of the AT&T Pebble Beach National Pro-Am golf tournament in Pebble Beach, Calif. Gulbis was working as Forstmann's caddie. Forstmann, a longtime financier who counted the iconic baseball card company Topps and business jet company Gulfstream Aerospace among his buyouts, died Sunday, Nov. 20, 2011, at the age of 71. The cause was brain cancer, according to a statement from sports agency IMG. Forstmann was the chairman and CEO of IMG and was the senior founding partner of the investment firm Forstmann Little & Co. Forstmann Little bought IMG in 2004. (AP Photo/Eric Risberg, File)
FILE - In this Feb. 29, 1996 file photo, takeover artist Ted Forstmann poses in his office in New York. Forstmann, a longtime financier who counted the iconic baseball card company Topps and business jet company Gulfstream Aerospace among his buyouts, died Sunday, Nov. 20, 2011, at the age of 71. The cause was brain cancer, according to a statement from sports agency IMG. Forstmann was the chairman and CEO of IMG and was the senior founding partner of the investment firm Forstmann Little & Co. Forstmann Little bought IMG in 2004. (AP Photo/Mark Lennihan, File)
NEW YORK (AP) ? Theodore J. Forstmann, a longtime financier who counted the iconic baseball card company Topps and business jet company Gulfstream Aerospace among his buyouts, died Sunday at the age of 71.
The cause was brain cancer, according to a statement from sports agency IMG. Forstmann was the chairman and CEO of IMG and was the senior founding partner of the investment firm Forstmann Little & Co. Forstmann Little bought IMG in 2004.
Forstmann was also a philanthropist with a focus on helping disadvantaged children throughout the world.
Associated Press
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