He was born on 26 October 1952, in Ravno Selo village, part of Vrbas, SR Serbia, FPR Yugoslavia (modern Serbia), into a family of Yugoslav colonists, his father being born in Macedonia and his mother in Montenegro. He graduated from the Faculty of Dramatic Arts of the University of Belgrade as an actor.

In 1999-“The White Suit” an auteur film by Ristovski (director, writer, lead actor, and producer) Opening night of “The White Suit” was at the Cannes Film Festival in the Critics Week program. “The White Suit” was the Yugoslav entry for the Oscar Awards in the U.S. Lazar Ristovski is the sole owner of Zillion Film Company - www.zillionfilm.com.

In 2006, he made a cameo appearance in the James Bond film Casino Royale. He played Caruso in the 2004 movie King of Thieves. He starred as Đorđe in the award winning 2009 film St. George Shoots the Dragon". Lazar has achieved his "Hollywood dream" by acting in the acclaimed indie movie Along the Roadside."