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Josh Harris Net Worth

Josh Harris net worth

Glusea brings to you Josh Harris net worth 2022.

Joshua Harris is a billionaire American private equity investor and philanthropist who co-founded Apollo Global Management, one of the world’s largest alternative investment firms. Harris is the principal owner and managing partner of the New Jersey Devils of the National Hockey League and the Philadelphia 76ers of the National Basketball Association, and is a general partner in Crystal Palace of the English Premier League. Josh Harris net worth net worth is $6.2 billion.

Early life and education

Harris was born to a Jewish family in 1965 and raised in Chevy Chase, Maryland. He attended high school in Washington D.C at The Field School. Harris graduated summa com laude with a B.S. in economics from the Wharton School of the University of Pennsylvania in 1986, and then received his MBA from the Harvard Business School as a Baker Loeb Scholar. He wrestled in college.

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Financial career

He began working in the mergers-and-acquisitions department at Drexel Burnham Lambert in 1986 and worked there for 2 years before leaving to get his MBA at Harvard. After graduating, he initially worked at Blackstone for 2 months before co-founding Apollo Global Management with Leon Black and Marc Rowan in 1990.

Read Top Richest Football Club Owners in the world

Harris and Rowan were named Buyout Pros of the Year for 2004 by BuyoutsInsider.com.

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In 2008, Harris and his Apollo partners invested $2 billion into LyondellBasell before it filed for bankruptcy in 2009. When Apollo eventually sold their shares in the company in 2013, they realized a paper profit of $9.6 billion, the biggest profit ever from a private equity investment according to Bloomberg.

He is currently one of three managing partners of Apollo, along with Black and Rowan. Harris’ role includes oversight of the firm’s day-to-day operations. As of July 2020, his estimated net worth was $4.7 billion.

In 2017 Harris met with Trump officials to discuss infrastructure issues. In November of that year, Apollo Global Management loaned $184 million to Kushner Companies. Apollo spokesman Charles V. Zehren stated that Harris was not involved in the decision to loan to Kushner.

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As of the end of the third quarter of 2020, Harris and his Apollo partners reported that the firm had $433 billion in assets under management.

Personal life

Harris is married to Marjorie Harris they have five children, and live in New York City. Harris sits on the board of Mount Sinai Medical Center, Harvard Business School, and Wharton’s Board of Overseers. In 2013, he was honored by the National Wrestling Hall of Fame with the Outstanding American Award.

 Harris regularly supports the teams he is involved with by attending games and he trains and runs in marathons.

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Josh Harris Net Worth

Josh Harris net worth net worth is $6.2 billion. He is one of the richest sports investors in the world.

Harris and his wife Marjorie co-founded Harris Philanthropies, formerly known as the Harris Family Charitable Foundation, in 2014. The foundation’s stated goals are “to uplift communities in need, pioneer solutions and promote education and leadership development.”

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In August 2020, Harris and his wife gave a $2 million grant to the Bridgespan Group to launch Leading for Impact, a leadership program to serve Philadelphia area nonprofits.

In 2015, Harris committed to donate $3.5 million over 5 years to the Philadelphia Police Athletic League, a cause committed to helping Philadelphia children. This was the largest gift in the organization’s history.

Sports

Harris and Blitzer were rumored to be interested in purchasing Premier League team Aston Villa, following the announcement by Randy Lerner that the club is up for sale.

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 Harris was then further linked in acquiring South London club Crystal Palace, currently of the Premier League.

 After more than a year of talks, Harris and Blitzer each bought an 18% stake in Crystal Palace in December 2015, matching the stake owned by team chairman Steve Parish and giving the three control of the club.

On August 15, 2013, it was announced that HBSE, led by Harris and partner Blitzer purchased a majority stake in the New Jersey Devils of the NHL, which includes the rights to operate Prudential Center in Newark, New Jersey. The transaction was reportedly for over $320 million.

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