Josh Harris net worth is a hot topic for many. As one of America’s wealthiest persons, his financial journey is intriguing. WorldofCEOs brings you closer to understanding his wealth.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Joshua Jordan Harris |
| Popular Name | Josh Harris |
| Gender | Male |
| Birth Date | December 1964 |
| Age | 59 |
| Parents | Jacob Harris, Sylvia Harris |
| Siblings | Gabe Harris |
| Birthplace | Chevy Chase, Maryland |
| Nationality | United States |
| Ethnicity | Jewish |
| Education | University of Pennsylvania (Wharton School), Harvard University (MBA) |
| Marital Status | Married |
| Sexual Orientation | Straight |
| Wife/Spouse | Marjorie Harris |
| Children | 5 (Hannah, Stuart, Thomas, Pierce, Bridget) |
| Dating | N/A |
| Net Worth | $8.8 billion |
| Source of Wealth | Private equity |
| Height | N/A |
What is the Net Worth Of Josh Harris in 2024?
As of 2024, the estimated net worth of Josh Harris is $8.8 billion. This positions him among the elite wealthiest financial industry icons.
His vast wealth can be attributed to his successful ventures in private equity and sports team ownership. To provide context, here are some other notable figures in the financial sector:
- Leon Black
- Marc Rowan
- David Blitzer
- Magic Johnson
- Mitchell Rales
- Daniel Snyder
- Steve Cohen
- Todd Boehly
- Larry Fink
- Stephen Schwarzman
Josh Harris Finance Overview
Apollo Global Management: The Foundation of Wealth
Josh Harris co-founded Apollo Global Management with Leon Black and Marc Rowan in 1990. This private equity firm became a cornerstone of his financial empire.
The trio left Drexel Burnham Lambert and ventured out on their own after the firm’s bankruptcy. Under their leadership, Apollo grew significantly, making key investments and acquisitions.
Harris announced his departure from day-to-day operations in 2021 but remained a significant figure in the company.
Major Investments and Financial Ventures
Ownership Stakes in Professional Sports Teams
Philadelphia 76ers
In 2011, Harris acquired the Philadelphia 76ers for $290 million. The team’s value has since more than quadrupled, making it a major contributor to his wealth. His management and strategic investments have played a crucial role in the team’s financial success.
New Jersey Devils
Two years later, in 2013, Harris purchased the New Jersey Devils for $320 million. This acquisition included the Prudential Center, further expanding his portfolio in the sports industry.
Washington Commanders
In 2023, Harris led a group to purchase the Washington Commanders for a record-breaking $6.05 billion. This acquisition stands as the highest price ever paid for a sports team, showcasing his significant influence in the sports business.
Crystal Palace Football Club
Harris also holds an 18% stake in Crystal Palace, a Premier League football club. His investment in the club demonstrates his interest in expanding his sports investments internationally.
Other Significant Investments
26North: Alternative Asset Firm
In 2022, Harris founded 26North, an alternative asset management firm. By May 2024, the firm managed approximately $22 billion in assets, indicating its rapid growth and success under Harris’s leadership.
Real Estate Investments
Harris’s real estate investments include notable properties such as the Dommerich Mansion in New York City and a mansion in Miami Beach. These high-value properties reflect his strategy to diversify his wealth through real estate.
Philanthropy and Its Impact on Wealth
Harris is also known for his philanthropic efforts. He established Harris Philanthropies in 2014, focusing on education, health, and socioeconomic programs.
Significant contributions include donations to the University of Pennsylvania, the Police Athletic League, and various COVID-19 relief efforts.
His philanthropy not only enhances his public image but also aligns with his values of giving back to the community.
Personal and Financial Profile
Personal Background and Education
Harris was born in December 1964 in Chevy Chase, Maryland. He graduated summa cum laude with a Bachelor of Science in Economics from the University of Pennsylvania’s Wharton School.
He later earned an MBA from Harvard Business School, where he was a Baker Loeb Scholar. His academic background laid a strong foundation for his successful career in finance.
Financial Milestones and Current Status
Harris’s financial journey is marked by several milestones. Co-founding Apollo Global Management was a pivotal moment.
His strategic investments in sports teams and alternative assets have significantly contributed to his wealth. As of mid-2024, Harris’s net worth is estimated at $8.8 billion, making him one of the wealthiest financial industry icons.
Future Prospects and Potential Investments
Looking ahead, Harris’s strategic vision includes further investments in sports, real estate, and alternative assets.
His focus areas for future investments involve sectors with high growth potential. Harris’s long-term financial plans include maintaining and growing his wealth through diversified investments and philanthropic endeavors.
FAQs about Josh Harris
Who is Josh Harris?
He is an American businessman and investor, co-founder of Apollo Global Management. He owns stakes in the Philadelphia 76ers and the New Jersey Devils.
What is Apollo Global Management?
Apollo Global Management, co-founded by him, is a top alternative investment firm managing over $400 billion in assets.
What sports teams does Harris own?
He owns the Philadelphia 76ers in the NBA and the New Jersey Devils in the NHL.
What is Harris’s educational background?
He holds a Bachelor of Science in Economics from Wharton and an MBA from Harvard Business School.
How did Harris start his career?
He started at Drexel Burnham Lambert. After its collapse, he co-founded Apollo Global Management.
What philanthropic activities is he involved in?
He focuses on education, healthcare, and veterans’ services through the Harris Family Charitable Foundation.
What awards and recognitions has Harris received?
He has been recognized for his contributions to business and philanthropy by various organizations.
What is the Harris Family Charitable Foundation?
It is his family’s foundation supporting education, healthcare, and veterans’ services initiatives.
What is Josh Harris’s role in the Philadelphia 76ers?
He is a principal owner involved in strategic decisions, team operations, and community outreach.
Conclusion
Josh Harris’s financial empire is a testament to strategic investments and visionary leadership. We invite you to leave comments, share your thoughts, or explore more insightful content on worldofceos.com.
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