J osh Harris is an American billionaire private equity investor who is one of the three co-founders of the legendary private equity giant, Apollo Global Management. He founded the firm in 1990 with his partners, Leon Black and Marc Rowan, after they all left the investment bank Drexel Burnham Lambert. They have since built Apollo into one of the largest and most successful alternative asset management firms in the world, with a particular expertise in distressed debt investing.
In addition to his highly successful career in finance, Harris is one of the most prominent and active investors in professional sports. He is the co-founder of Harris Blitzer Sports & Entertainment (HBSE), the holding company for a valuable portfolio of teams that includes the NBA's Philadelphia 76ers and the NHL's New Jersey Devils. More recently, he led the ownership group that acquired the National Football League's Washington Commanders in 2023 for a record price. He is a central and highly powerful figure at the intersection of high finance and big-league sports ownership.
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Joshua 'Josh' J. Harris is an American businessman, the self-made billionaire Co-founder and former Senior Managing Director of Apollo Global Management, one of the world's largest private equity firms. His career is rooted in elite finance and high-stakes leveraged buyouts (LBOs). Born in Chevy Chase, Maryland, in 1964, his father was a lawyer.
Harris graduated with a B.S. in Economics from The Wharton School of the University of Pennsylvania and earned an MBA from Harvard Business School. His career began in finance, working in the M&A group at Drexel Burnham Lambert (a pioneer of junk bond trading), where he met his future co-founders, Leon Black and Marc Rowan.
Josh Harris's strategic genius was his commitment to LBOs and distressed asset investing. In 1990, he co-founded Apollo Global Management, which became a dominant force in private equity, specializing in corporate restructuring (e.g., Caesars Entertainment, LyondellBasell). He was instrumental in taking Apollo public in 2011 (raising $1.5 billion).
His diversification into sports is highly visible: he is the Managing Partner of HBSE, which owns the Philadelphia 76ers (NBA) and the New Jersey Devils (NHL). He also purchased a minority stake in the Pittsburgh Steelers (NFL) in 2020. He stepped down from his executive role at Apollo in 2021 to focus on his sports and private investment interests. His wealth is secured by the colossal, long-term, superior returns generated by Apollo's LBO strategies.
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Joins Drexel Burnham Lambert (Early Career).
Co-founds Apollo Global Management (Founding 1).
Apollo executes its $1.5 billion IPO (Financial Milestone 1).
Acquires the Philadelphia 76ers (NBA) (Sports Acquisition 1).
Acquires the New Jersey Devils (NHL) (Sports Acquisition 2).
Retires from his executive role at Apollo (Executive Transition).
Continues as Managing Partner of HBSE and principal owner of the sports teams (Executive Oversight).
Josh Harris's wealth is concentrated in his founding equity and retained stake in the publicly traded private equity giant, Apollo Global Management (NYSE: APO), and his sports empire.
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Josh Harris's social impact is structural, stemming from Apollo's role in restructuring and stabilizing major corporations globally. His ownership of the Philadelphia 76ers and New Jersey Devils provides major civic and economic assets for those cities. His Harris Philanthropies supports various educational and healthcare initiatives.
His structural contribution is tied to his role as a pioneer in private equity LBOs and his commitment to civic engagement through professional sports ownership.
Josh Harris maintains the highly professional, composed style of a financial executive. His attire is consistently bespoke, favoring dark, tailored suits. His aesthetic reflects stability and immense financial authority, typical of a leader in the global private equity sector.
Residing in New York City, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to investment strategy, sports ownership, and corporate governance.
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All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
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