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About
Joshua B. 'Josh' Harris is an American businessman, private equity investor, and sports team owner. Born on December 29, 1964, in Washington, D.C., Harris grew up in Chevy Chase, Maryland, and developed an early interest in finance and sports. He co-founded Apollo Global Management in 1990 with Leon Black and Marc Rowan, where he served as a senior partner and played a key role in building the firm into one of the world's largest alternative asset managers, overseeing investments in private equity, credit, and real estate. His relationship with Black later became adversarial; Black sued Harris in 2022 alleging he orchestrated a coup, a lawsuit that was dismissed for lack of evidence. Harris left Apollo in 2022 to focus on his sports and entertainment ventures.
His career began after earning a bachelor's degree in economics from Harvard College in 1986 and an MBA from Harvard Business School in 1990. Prior to Apollo, he worked as an investment analyst at Lazard Frères & Co. In 2011, he led the acquisition of the Philadelphia 76ers NBA franchise, becoming the managing partner, and has since expanded his portfolio through Harris Blitzer Sports & Entertainment (HBSE), co-founded with David Blitzer in 2017. HBSE manages multiple sports properties, including the New Jersey Devils (NHL), the Washington Commanders (NFL, acquired in 2023 as the lead investor of the group that purchased the team from Dan Snyder), and a general partnership in Crystal Palace Football Club (English Premier League), along with a minority stake in Joe Gibbs Racing (NASCAR).
Harris's business acumen has extended beyond sports into philanthropy and media; he is involved with the Wharton School at the University of Pennsylvania and supports various educational initiatives. He is known for his strategic investments and partnerships, particularly with David Blitzer, blending financial expertise with a passion for sports. As of 2023, his net worth is estimated at around $7 billion, primarily from Apollo and sports holdings, though he has faced scrutiny over team management decisions and labor disputes in the sports industry.
Throughout his career, Harris has navigated high-profile deals and controversies, including the leveraged buyout of the Washington Commanders, which involved allegations of workplace misconduct under previous ownership. He remains an influential figure in both Wall Street and professional sports, leveraging his networks to expand HBSE's global footprint.