Early Life
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.
Read more about this topic: Theodore J. Forstmann
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