NFL

Billionaire Josh Harris: 5 Secrets Behind Commanders' New Owner Wealth

By SZH Desk

May 13, 2023

Billionaire investor Josh Harris makes headlines with new venture: Acquiring Washington Commanders franchise, expanding his formidable fortune.

A Fortunate Twist of Fate

Image Source - USA Today

Harris and his investment group, including Magic Johnson, make groundbreaking move, buying Washington Commanders franchise for $6 billion from Daniel Snyder . Let's explore Josh assets one by one.

The Commanders' Acquisition

Image Source - People

Apollo Global Management co-founder Josh Harris acquired immense wealth from private equity ventures solidifies his position as a financial powerhouse.

A Financial Powerhouse

Harris leaves a sports ownership legacy beyond finance. From 76ers to Devils and Crystal Palace, his expanding sports portfolio speaks volumes.

Sports Empire in the Making

Image Source - Bloomberg

Harris's fortune mainly comes from his 6% stake in Apollo Global Management, the alternative investment firm that propelled him to financial success.

Apollo: The Source of Wealth

Motivated by making a difference, Harris founded Harris Philanthropies in 2014. The nonprofit organization supports youth, sports, wellness, and other diverse causes.

Philanthropic Pursuits

Image Source - New York Times

Harris's demanding career doesn't hinder his passion for fitness. He perseveres, competing in marathons and triathlons, displaying determination and resilience.

From Wrestler to Athlete

Harris's investment group, with Magic Johnson, to acquire Washington Commanders franchise for around $6 billion, pending NFL approval.

The Commanders' New Leader

Image Source - CNBC

Harris's journey faced internal power struggles and disputes, notably a public feud with Leon Black, revealing the complexities of his career.

Power Struggles and Controversies

Image Source - CNBC

As owner of the Philadelphia 76ers, Harris implemented "the Process," sacrificing short-term success for long-term gains, altering the team's trajectory.

The Controversial "Process"

Josh Harris's journey as a billionaire, sports mogul, and philanthropist captivates with triumph and scrutiny. Commanders acquisition expands his influence in finance and sports ownership.

Conclusion

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