How Josh Harris (businessman) built a successful career. Explore key moments that defined the journey.
Josh Harris is an American businessman primarily known for his investments and ownership stakes in various professional sports teams. He co-founded Apollo Global Management, a private equity firm, but left in 2022. His primary focus is now Harris Blitzer Sports & Entertainment, a holding company he co-founded to manage his sports properties. He is the managing partner of the Philadelphia 76ers (NBA), the New Jersey Devils (NHL), and the Washington Commanders (NFL). Additionally, he holds a stake in Crystal Palace, an English football club, and a minority stake in Joe Gibbs Racing.
During the summer vacation of 1983, Josh Harris managed operations of a lemonade stand business with locations at the National Zoo and Farragut North station in Washington, D.C.
During the summer vacation of 1984, Josh Harris managed operations of a lemonade stand business with locations at the National Zoo and Farragut North station in Washington, D.C.
In 1986, Josh Harris relocated to New York City to work as a mergers and acquisitions analyst at the Wall Street investment bank Drexel Burnham Lambert.
In 1990, Josh Harris received a Master of Business Administration degree (MBA) as a Baker Loeb Scholar from Harvard Business School and established the private equity firm Apollo Global Management with former Drexel partners Leon Black and Marc Rowan.
In 2008, Josh Harris began contemplating investing in sports after meeting senior Blackstone executive David Blitzer while working in London.
In 2008, Josh Harris led a $2 billion investment into the multinational chemical company LyondellBasell.
In 2011, Josh Harris led independent groups that acquired the Philadelphia 76ers (NBA).
In November 2013, Josh Harris sold his investment in LyondellBasell for a profit of $9.6 billion, one of the largest gains in private equity history.
During the 2013-14 season, the 76ers went 19-63.
In 2013, Josh Harris and David Blitzer bought the New Jersey Devils of the National Hockey League (NHL) for $320 million.
During the 2014-15 season, the 76ers went 18-64.
In 2014, Josh Harris and his wife founded Harris Philanthropies, a nonprofit organization based in New York City.
In December 2015, Josh Harris agreed to a suggestion by Adam Silver to hire Jerry Colangelo, former owner of the Phoenix Suns, as team chairman.
In December 2015, Josh Harris bought an 18% stake in the English football club Crystal Palace.
In 2015, Josh Harris established the $5 million Harris Center for Precision Wellness at New York's Icahn Genomics Institute.
In April 2016, Sam Hinkie stepped down as general manager of the 76ers.
In September 2016, Josh Harris and David Blitzer bought the esports organizations Dignitas and Apex Gaming through the 76ers and merged them under the Dignitas brand.
Since 2016, Josh Harris has partnered with After-School All-Stars, providing a $1 million grant for six schools in Newark, Philadelphia, and Camden.
In September 2017, Josh Harris and David Blitzer founded Harris Blitzer Sports & Entertainment (HBSE) to consolidate their sports ventures.
Starting with the 2017–18 season, the Philadelphia 76ers made five straight postseason appearances.
Throughout 2017, Josh Harris met with senior Trump administration advisor Jared Kushner to advise with infrastructure policy, with a potential White House job being discussed prior to Apollo loaning $184 million to Kushner's private real estate firm Kushner Companies.
In June 2020, Josh Harris and David Blitzer bought a combined $140 million stake in the Pittsburgh Steelers of the National Football League (NFL).
Between 2015 and 2020, Josh Harris donated a total of $3.5 million to the Philadelphia Police Athletic League chapter, $648,950 to the Republican Party, and $190,150 to the Democratic Party.
In 2020, during the COVID-19 pandemic, Josh Harris donated over $7 million worth of food and medical supplies to Philadelphia-based groups and organizations. Furthermore, through HBSE, he committed $20 million to fight racial injustice following the George Floyd protests and donated $2 million to The Bridgespan Group to expand their nonprofit programs in Philadelphia and Camden.
In May 2021, Josh Harris announced he was stepping down from his day-to-day responsibilities at Apollo after being passed over as CEO for Marc Rowan.
In August 2021, HRS Management, Josh Harris' family office, sold its stake in the American political newspaper "The Hill" to Nexstar Media Group.
In January 2022, Josh Harris stepped down as senior managing director at Apollo, remaining on their board of directors until his term ended in October.
In September 2022, Josh Harris founded the alternative asset firm 26North, hiring former Brookfield Asset Management, Lehman Brothers, and Goldman Sachs executives as partners.
In 2022, Josh Harris established the $5 million Harris Family Fund for Sports Management and Alternative Investments program at Harvard Business School. He also donated to the Reform Alliance, several Philadelphia-area homeless shelters, mobile cancer clinics at the University of Miami's Miller School of Medicine, $1 million to Fund for Health, and another million to Penn Med to promote student diversity in clinical medicine and biomedical research.
In 2022, Josh Harris founded the alternative assets firm 26North and left Apollo.
In 2022, Josh Harris headed a group that pursued a bid to purchase Chelsea of the Premier League and pursued a bid for the New York Mets of Major League Baseball (MLB).
In 2022, Josh Harris invested $10 million in the Philadelphia-based real estate company Mosaic Development Partners and formed a joint venture with Canvas Property Group through HMS Management.
In 2023, Josh Harris and David Blitzer explored buying stakes in the English football club Manchester United.
In 2023, Josh Harris and investors Mark Penn, James Tisch, and Thomas Peterffy contributed $50 million to a startup fund for The Messenger, a now defunct American news website.
In 2023, Josh Harris headed a group that purchased the NFL's Washington Commanders and Northwest Stadium from Daniel Snyder for $6.05 billion.
In 2023, the 76ers were valued at $4.13 billion by Sportico.
In March 2024, Josh Harris and David Blitzer formed Unrivaled Sports as a parent company with capital from The Chernin Group, invested in youth sports brands.
As of May 2024, Josh Harris' firm 26North holds $22 billion in total assets under management.
In 2024, Harris Blitzer Sports & Entertainment (HBSE) was valuated by Forbes at $11.86 billion.
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