Josh Harris is not a name that goes unnoticed in the sports, business, and philanthropic arenas. Born Joshua Jordan Harris in December 1964, he has carved out a significant place for himself on the global stage. From co-founding Apollo Global Management to making waves in the world of professional sports, Harris has consistently showcased his ability to lead and innovate. But who exactly is Josh Harris, and what drives his success?
Who Is Josh Harris?
Josh Harris is a Maryland-born philanthropist and private equity investor, a formidable figure in the finance sector. His educational journey took him from the Wharton School for economics to the prestigious Harvard Business School for an MBA, cementing his strong academic foundation. This academic prowess seamlessly translated to professional success when he co-founded Apollo Global Management in 1990 alongside Leon Black and Marc Rowan. The company’s assets under management, as of June 2022, surpassed an astonishing $515 billion.
What is Harris’ Connection to the World of Sports?
During the 2010s, Harris embarked on a new venture, entering the professional sports realm. His investment expertise facilitated the acquisition of the Philadelphia 76ers (NBA) and the New Jersey Devils (NHL). Not stopping there, Harris expanded his portfolio in 2017 by joining forces with David Blitzer to establish Harris Blitzer Sports & Entertainment, responsible for several sports franchises and brands. One of his most recent notable feats was his 2023 acquisition bid for the NFL’s Washington Commanders, a deal valued at a record-breaking $6.05 billion.
How Does Philanthropy Fit into Harris’ Worldview?
While his commercial enterprise acumen is marvelous, Harris’ heart appears as big as his bank balance. In 2014, he mounted the Harris Family Charitable Foundation, now referred to as Harris Philanthropies. The foundation’s donations, just like the $3.Five million pledge to the Philadelphia Police Athletic League or the $10 million gift to the University of Pennsylvania, emphasize Harris’ commitment to making improvements to society.
What is Josh Harris’ Net Worth?
With a net worth hovering between $6 and $7.6 billion, Harris undoubtedly belongs to the global billionaire club. His primary income source remains his stake in Apollo Global Management, where he retains 6% ownership. Other notable individuals, like Mitchell Rales and basketball legend Magic Johnson, accompany Harris in his vast business ventures, further highlighting his influential business network.
Who Comprises Harris’ Close-Knit Circle?
Speaking of influential networks, at the heart of Harris’ world is his family. His wife, Marjorie Harris, is not just a partner in life but also in philanthropy. A graduate from the University of Michigan, Marjorie sits on the board of the Sixers Youth Foundation and, in 2020, was appointed as its Chair. Together, they founded Harris Philanthropies and have five children. Interestingly, Harris’ childhood memories are linked to Washington-based sports teams, echoing his father’s passion as a Washington Bullets season ticket holder.
What Lies Ahead for Harris and the Washington Commanders?
Harris’ potential acquisition of the Washington Commanders has created quite a stir. If the deal comes to fruition, he would own 30% of the franchise, meeting the NFL’s requirement to be a team’s managing partner. With the NFL currently reviewing the term sheet to ensure compliance, the future looks promising. However, the final details, including the debt limit considerations, need ironing out.
Josh Harris is a powerhouse in the spheres of business, sports, and philanthropy. With a keen eye for investments and a beneficiant coronary heart, he maintains to make giant strides in every challenge he undertakes. As his story unfolds, the arena watches with bated breath, keen to look wherein this billionaire’s adventure will take him subsequent.
