Joshua Harris Net Worth
Table of Contents
Net Worth
According to public sources, Joshua Harris has a net worth of $8.5 billion.
Highlights
- Joshua Harris is an American private equity investor.
- He co-founded Apollo Global Management, one of the largest private equity firms.
- He owns 6.7% of Apollo’s outstanding equity.
- Harris is the majority owner of the Philadelphia 76ers, the New Jersey Devils, and the Washington Commanders.
- He stepped down from Apollo in 2022 and subsequently founded the firm 26North.
Early Life
Joshua Harris was born in December 1964 in Chevy Chase, Maryland. His father was an orthodontist and his mother was a schoolteacher. He completed his high school education at the Field School in Washington, D.C., before attending the University of Pennsylvania. At Penn, he received a Bachelor of Science degree from the Wharton School and a Bachelor of Arts degree from the College of Arts and Sciences in 1986. He later earned his MBA from Harvard Business School.
Career
After graduating from Wharton, Joshua Harris worked in the mergers & acquisitions division at investment bank Drexel Burnham Lambert. He then spent two months at private equity firm Blackstone Inc. before co-founding Apollo Global Management.
Apollo Global Management is a global alternative investment firm with over $512 billion in assets under management. The firm invests in various asset classes, including private equity, credit, real estate, and infrastructure.
Aside from his private equity ventures, Joshua Harris gained recognition for his ownership of several sports teams. He is the majority owner of the Philadelphia 76ers, the New Jersey Devils, and the Washington Commanders. He manages his sports investments through Harris Blitzer Sports & Entertainment.
Personal Life
Joshua Harris met his wife Marjorie while attending Harvard Business School. They have three sons and two daughters. The Harrises have acquired multi-million dollar mansions in New York City and Miami.
Net Worth Over Time
Joshua Harris’ net worth has grown significantly over the years. As a co-founder of Apollo Global Management, his stake in the firm contributed greatly to his wealth. Additionally, his ownership of sports teams and other investments have further increased his net worth.
Components of Net Worth
Joshua Harris’ net worth is primarily derived from his ownership in Apollo Global Management. As a co-founder, his stake in the firm’s outstanding equity represents a significant portion of his wealth. His ownership of the Philadelphia 76ers, the New Jersey Devils, and the Washington Commanders also adds to his net worth.
Furthermore, his other business ventures and investments contribute to his overall net worth. These can include real estate properties, private holdings, and other financial assets.
It’s important to note that these components may change over time as Harris continues to engage in new business ventures and investment opportunities.
