Ted "Teddy" Forstmann has passed away at the age of 71, reports People.com. The business leader and philanthropist reportedly lost his battle with brain cancer and died Sunday. Forstmann was well known for his business endeavors, and also his personal life. He was romantically linked to Princess Diana briefly and apparently even planned to marry in the weeks before her death. And, he was also linked to Top Chef host Padma Lakshmi. It was widely speculated that Forstmann was the father of her...Read Full Story
Theodore J. Forstmann (born 1940) is one of the founding partners of Forstmann Little & Company, a private equity firm, and chairman and CEO of IMG, a leading global sports and media company.