|Born||1965 (age 56–57)|
|Other names||Joshua Harris, Joshua J. Harris, Josh Harris|
|Alma mater||Wharton School of the University of Pennsylvania (BS)|
Harvard Business School (MBA)
|Occupation||Investor, sports team owner|
|Known for||Owner of the New Jersey Devils|
Managing partner of the Philadelphia 76ers
Co–founder of Apollo Global Management
Shareholder of Crystal Palace
Joshua Harris (born 1965) 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.
Bloomberg estimated his net worth to be around US$7.05 billion in July 2021.
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 cum 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.
He began working in the mergers-and-acquisitions department at Drexel Burnham Lambert in 1986 and worked there for two years before leaving to get his MBA at Harvard. After graduating, he initially worked at Blackstone for two months before co-founding Apollo Global Management with Leon Black and Marc Rowan in 1990.
Harris and Rowan were named Buyout Pros of the Year for 2004 by BuyoutsInsider.com.
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.
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.
Harris and David S. Blitzer of the private equity firm Blackstone Group are the co-founders and managing partners of an investment group, Harris Blitzer Sports & Entertainment that won a $280 million bid for the purchase of the Philadelphia 76ers from Comcast Spectacor in 2011. The other members of the investment group were portfolio manager Art Wrubel, a fellow Wharton School of the University of Pennsylvania graduate, as well as former NBA agent and Sacramento Kings executive Jason Levien, former Vail Resorts CEO Adam Aron, Martin J. Geller, David B. Heller, Travis Hennings, James Lassiter, Marc Leder, Michael Rubin, Will Smith & Jada Pinkett Smith, and Indonesian businessmen Handy Soetedjo & Erick Thohir. Comcast Spectacor and Harris began talks in the summer of 2011. The deal was announced on July 13, 2011. The NBA formally approved the deal on October 13, 2011.
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.
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. 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.
Harris and Blitzer, through Harris Blitzer Sports and Entertainment, also own the NBA G League's Delaware Blue Coats, the AHL's Binghamton Devils, esports team Dignitas of New Meta Entertainment, sports tech venture capital firm HBSE Ventures, and marketing, hospitality, and event ticketing company Elevate Sports Ventures.
Harris has also expressed interest in buying the first NFL team to be based out of London. In June 2020, Bloomberg reported that Harris & Blitzer acquired a stake of less than 5% in the NFL's Pittsburgh Steelers. As part of this transaction, the two joined the ownership group as passive investors. The stake was not part of their holding company, Harris Blitzer Sports & Entertainment.
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."
Harris has supported After-School All-Stars and America SCORES which help low-income youth to combine their love of athletics with academic success.
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 February 2019, Harris and his wife gave $10 million to his alma mater, Penn’s Wharton School, to establish the Joshua J. Harris Alternative Investments Program. Previously, Harris established the school’s Harris Family Endowed Scholarship. In July 2018, the family’s foundation also donated $1 million to support Penn’s wrestling program.
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.
Harris is married to Marjorie Harris (née Rubin), they have five children, and live in New York City. In 2020, the family moved to Miami, Florida. 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.