Josh Harris, the prominent figure behind the Washington Commanders, Philadelphia 76ers, and New Jersey Devils, has amassed a considerable fortune. This article delves into Harris’s estimated net worth, tracing his journey from the world of private equity to his significant impact on the professional sports landscape.
The Harris Fortune: Decoding the Billions
As of April 28, 2025, Forbes estimated Josh Harris’s net worth at $10 billion. This substantial sum reflects his multifaceted career, primarily rooted in private equity and amplified by his strategic investments in professional sports teams. While Bloomberg placed his net worth closer to $11 billion, discrepancies in valuations are common, often arising from the complexities of assessing privately held assets. The core of Harris’s wealth stems from his co-founding of Apollo Global Management.
Apollo Global Management: A Foundation of Fortune
In 1990, Harris, along with Leon Black and Marc Rowan, co-founded Apollo Global Management. This private equity behemoth became a cornerstone of Harris’s financial success. One of Apollo’s most notable triumphs was the LyondellBasell investment, transforming a $2 billion stake into a staggering $9.6 billion profit. While Harris stepped down from Apollo in 2022, his prior stake constitutes a significant portion of his wealth.
Building a Sports Empire: More Than a Game
Harris’s passion for sports is evident in his ownership of several professional teams: the Washington Commanders, the Philadelphia 76ers, and the New Jersey Devils. His $6.05 billion acquisition of the Commanders in 2023 set a record for the highest price ever paid for a sports franchise. This, coupled with his ownership of the 76ers (marked by the controversial “The Process” strategy) and the Devils, showcases his significant influence in the sports world. He also holds stakes in Crystal Palace F.C. and Joe Gibbs Racing, further diversifying his sports portfolio.
Charting the Course: A Career Timeline
| Year | Event |
|---|---|
| 1964 | Born December 29 |
| 1990 | Co-founds Apollo Global Management |
| 2011 | Acquires Philadelphia 76ers |
| 2013 | Acquires New Jersey Devils |
| 2022 | Leaves Apollo, founds 26North |
| 2023 | Acquires Washington Commanders |
26North: The Next Chapter
Following his departure from Apollo, Harris founded 26North, a new investment platform. This venture suggests his continued ambition and drive to explore new opportunities, leaving the future of his investments and impact open to speculation.
Harris’s Holdings: A Diverse Portfolio
| Asset | Type | Notes |
|---|---|---|
| Apollo Global Management | Private Equity | Co-founder, formerly held a significant stake |
| Philadelphia 76ers | Sports Team | NBA franchise |
| New Jersey Devils | Sports Team | NHL franchise |
| Crystal Palace Football Club | Sports Team | Premier League football club |
| Washington Commanders | Sports Team | NFL Franchise, record-breaking acquisition |
| Joe Gibbs Racing | Motorsports | NASCAR team ownership |
| 26North | Investment Platform | Founded post-Apollo |
| Other Investments | Varies | Likely includes real estate, other private companies, etc. |
Note: Valuations of these assets can fluctuate based on market dynamics and other factors.
Looking Ahead: The Future of the Harris Fortune
Predicting the future of Harris’s net worth is subject to market volatility and investment performance. While his sports teams and 26North certainly suggest growth potential, the overall economic climate and his management of these ventures will play crucial roles. His entrepreneurial journey and evolving investment strategies remain a subject of ongoing observation and analysis.
