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