Who Is Josh Harris and What Is His Net Worth?
Josh Harris is an American private equity executive and sports team owner who co-founded Apollo Global Management, one of the largest alternative asset managers in the world. As of the latest Forbes real-time billionaires list, his net worth exceeds $7 billion, driven by his stake in Apollo and other investments.
Before Apollo, Harris worked at Goldman Sachs and then co-founded Apollo in 1990 with Leon Black. Apollo manages hundreds of billions in assets across private equity, credit, and real estate. Harris remains a key figure in the firm's strategic direction and deal-making.
Josh Harris and the Philadelphia Sixers
Josh Harris purchased the Philadelphia Sixers in 2011 as part of a group that included David Blitzer. The investment group also owns the New Jersey Devils of the NHL and the Crystal Palace soccer club in England.
The Sixers operate under Harris's broader sports and entertainment portfolio managed through Harris Blitzer Sports & Entertainment. The franchise has remained competitive in the NBA, making multiple playoff runs since the acquisition.
Josh Harris Business Empire and Investments
Apollo Global Management and Alternative Assets
Apollo Global Management, co-founded by Harris, is one of the largest alternative asset managers globally, overseeing hundreds of billions in assets across private equity, credit, and real estate strategies. The firm's public listing and deal flow have been central to Harris's wealth accumulation.
Major Investments and Portfolio Companies
Under Harris's leadership, Apollo has invested in major companies across industries including defense, technology, and energy. The firm's portfolio includes stakes in companies like Rackable Systems and ADT, with a focus on operational improvements and long-term value creation.
Real Estate and Other Ventures
Harris has also expanded into real estate through Apollo's credit and direct investment platforms. His sports ownership group, Harris Blitzer Sports & Entertainment, also includes investments in esports and sports management, reflecting a diversified approach to asset allocation.