Last updated on November 20th, 2018 at 09:28 am
Joshua Harris is one of the largest alternative firms who co-founded Apollo Global Management. He is also an American private equity investor. Along with it, he is also the principal owner of the National Hockey League of the New Jersey Devils and the National Basketball Association of the Philadelphia 76ers. As well as in Crystal Palace of the English Premier League he owns an 18 percent stake.
The Early Life & Education of Joshua Harris
In 1995, he was born to a Jewish family and raised in Maryland, Chevy Chase. He attended his high school in Washington DC at The Field School and then graduated from the Wharton School of the University of Pennsylvania. Later, from the Harvard Business School, he received his MBA.
The career of Joshua Harris
In 1990, before co-founding Apollo Global Management, he worked with fellow Drexel Alumni Leon Black and Marc Rowan at Drexel Burnham Lambert. Subsequently, a group led by Harris and his partner David S. Blitzer purchased a majority stake in the New Jersey Devils of the NHL which was announced on August 15, 2013. It includes the rights to operate the Prudential Centre arena in Newark, New Jersey where the transaction was over $320 million. Randy Lerner announced that the club is up for sale and both the partners, Harris and Blitzer were rumored to be interested in purchasing Premier League team Aston Villa. Later, he was connected in gaining South London Club Crystal Palace, currently of the Premier League.
Including it, he was also interested to buy the 1st NFL team to be based out of London. At current, including Rowan and Black, he is one of three managing partners of Apollo. Along with it, he is also the managing partner of an investment group. That investment group won a $280 million bid for the purchase of the Philadelphia 76ers from Comcast Spectacor in 2011.
Relation of Joshua Harris with Trump administration
On infrastructure policy, he advised the Donald Trump Administration where he and Jared Kushner, White House Advisor discussed offering a job to Harris in the Trump Administration. After that, to Kushner Companies, his Apollo Global Management loaned $184 million by raising allegations of a conflict of interest. But according to Charles V. Zehren, spokesman of the Apollo, Harris was not involved in the decision to loan to Kushner.
Joshua Harris Net Worth
His net worth is estimated to be $3.6 billion. He owns 4 luxurious cars. Recently for about 153 million, he sold a fraction of his stake in the alternative asset giant. According to a filing with the US Securities and Exchange Commission, on February 5, he sold $4.5 million shares for $34 per share. Also in partnership with David Blitzer, a top executive at Apollo rival Blackstone Group LP, he has invested heavily in ventures outside Apollo, notably sports team.
In the Personal Life of Joshua Harris
While studying MBA at Harvard, he met Marjorie Rubin, daughter of Albert Rubin and then married her. With his wife Rubin, he has overall 5 children, 3 sons Bridget Harris, Hannah Harris, Stuart Harris, and 2 daughters Thomas Harris and Pierce Harris. Being a loyal husband, he never had and neither has any rumors of his affairs. At present, he is living a happy and luxurious life with his wife and children.
Facts about Joshua Harris
He was also a former wrestler who ran the 2010 New York City Marathon consuming 3 hours, 53 minutes and 41 seconds and also competes for marathons and triathlons. Along with it, he is also the owner of a sports team.