Josh Harris, the billionaire owner of the Philadelphia 76ers and the New Jersey Devils

Thedailycourierng

Josh Harris, the billionaire owner of the Philadelphia 76ers and the New Jersey Devils, has made significant waves in the sports world following his acquisition of the Washington Commanders for an NFL record $6 billion from Daniel Snyder. With an illustrious career in private equity and a strong philanthropic presence, Harris has emerged as a notable figure within the ultra-elite club of NFL team owners. Let’s delve into the details of Josh Harris’s life, career, and sports ownership ventures.

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Early Life and Career

Born in Chevy Chase, Maryland, Harris attended the Wharton School at the University of Pennsylvania. He later co-founded Apollo Global Management, a renowned investment firm, with Leon Black and Marc Rowan in 1990. His expertise and successful ventures within the private equity landscape have solidified his position as one of the most accomplished investors in the field. Harris’s extensive business acumen is reflected in his impressive net worth, currently estimated at $8.1 billion.

Entrepreneurship and Philanthropy

Harris’s entrepreneurial pursuits extended beyond Apollo Global Management. He also established the alternative asset firm 26North, which has accumulated over $12 billion in assets. In 2017, he partnered with David Blitzer, a senior executive at Blackstone Group, to establish Harris Blitzer Sports & Entertainment (HBSE). Under HBSE, Harris has acquired ownership of the Philadelphia 76ers and the New Jersey Devils, among other notable sports entities.

Sports Ownership Ventures

Harris and his group are deeply involved in multiple real estate ventures, including the operation of the Prudential Center in New Jersey and the Wollman Rink in Central Park. The ambitious plan to construct a $1.3 billion arena for the Philadelphia 76ers reflects Harris’s commitment to the expansion and development of his sports ventures.

Ownership of the Washington Commanders

Josh Harris acquisition of the Washington Commanders for a record $6 billion in a partnership that includes Mitchell Rales, Magic Johnson, and David Blitzer, among other notable figures, showcases his influence within the sports ownership landscape. The addition of the Commanders to Harris’s extensive portfolio underscores his dedication to broadening his sports empire.

As an influential figure in the worlds of finance and sports, Josh Harris’s impact continues to reverberate throughout the industry. His commitment to philanthropy, as evidenced by the establishment of Harris Philanthropies, further solidifies his role as a prominent business leader with a passion for community development and social impact. Source thedailycourierng news

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