Josh Harris

Net worth over time

Forbes estimates of Josh Harris's net worth each year, next to the Forbes value of the Philadelphia 76ers. From 2012 to now the net worth went from $1.6B to $11.7B, about 7 times as much.

Yearly points are from the Forbes billionaires lists, mostly the spring World's Billionaires list; the last point is the latest Forbes real-time figure, which can differ a lot from the spring list. Years without a published figure are skipped.

The businesses in detail

How the main business makes money. Apollo pools money from pension funds, insurers and wealthy investors. It uses that money to buy companies and to lend, often where ordinary bank loans are not available. It earns yearly management fees plus a share of fund profits. Its insurer, Athene, also keeps the gap between what its investments earn and what it pays policyholders. Harris has had no role at Apollo since 2022 but still holds shares.

Biggest deals.

• 2008: he led Apollo's roughly $2B investment in LyondellBasell, which returned a reported $9.6B profit by 2013.
• August 2013: the New Jersey Devils and Prudential Center operating rights for $320M.
• July 2023: the Washington Commanders for $6.05B, then the highest price paid for a sports team.
• June 2025: a Philadelphia WNBA expansion team for a $250M fee, to start in 2030.
• April 2026: 26North closed its first private equity fund at $5.9B, against a $4B target.

Career path

1. 1986

   Graduates from Wharton; analyst at Drexel Burnham Lambert

2. 1990

   Earns his Harvard MBA; co-founds Apollo with Leon Black and Marc Rowan

3. 2011

   Apollo lists in New York; he leads the 76ers purchase

4. 2013

   Buys the New Jersey Devils

5. 2015

   Buys 18% of Crystal Palace

6. 2017

   Forms HBSE with David Blitzer

7. 2021

   Marc Rowan is chosen as Apollo CEO; Harris steps back

8. 2022

   Leaves the Apollo board; founds 26North

9. 2023

   Leads the Commanders purchase

10. 2025

    Agrees a joint arena with Comcast Spectacor; wins a WNBA team

11. 2026

    Parts with 76ers basketball chief Daryl Morey in May

Teams and sports assets

Owns now 13

• teamPhiladelphia 76ersNBA · Basketball · USSince 2011 · about 41% through HBSE; managing partner · about $280M for 100%
• teamDelaware Blue CoatsNBA G League · Basketball · USthrough HBSE
• teamNew Jersey DevilsNHL · Ice hockey · USSince 2013 · through HBSE; his share not found · $320M, with Prudential Center operating rights
• teamUtica CometsAHL · Ice hockey · USthrough HBSE
• arenaPrudential Center operating rightsUSSince 2013 · through HBSE · included in the $320M Devils deal
• teamWashington CommandersNFL · American football · USSince 2023 · about 30% personally; managing partner · $6.05B
• arenaNorthwest StadiumAmerican football · USSince 2023 · with the Commanders · included in the $6.05B Commanders deal
• teamCrystal PalacePremier League · Soccer · EnglandSince 2015 · 18%, held personally
• teamJoe Gibbs RacingNASCAR · Motor racing · USSince 2023 · minority, through HBSE
• teamDignitasEsportsSince 2016 · through HBSE; bought through the 76ers · Clutch Gaming, merged in, cost a reported $30M in 2019
• sports businessElevate Sports VenturesSince 2018 · venture with the San Francisco 49ers and CAA
• sports businessUnrivaled SportsYouth sportsSince 2024 · co-founded with David Blitzer
• sports businessWollman Rink, Central ParkIce skating · USSince 2021 · run by HBSE with Related Companies and Equinox

Agreed, not yet closed 2

• teamPhiladelphia WNBA expansion teamWNBA · Basketball · USSince 2025 · through HBSE; starts play in 2030 · $250M expansion fee
• arenaSouth Philadelphia arena (planned)USSince 2025 · 50% with Comcast Spectacor; target opening May 2030 · cost undisclosed

Owned before 1

• teamPittsburgh SteelersNFL · American football · USSince 2020 to 2024 · minority · $140M combined with David Blitzer

Other investments and assets

• Companies and funds: About 6% of Apollo, worth about $4.1B at the October 2026 market value. His family office, HRS Management, was the largest investor in The Hill, sold in 2021. He and Blitzer formed youth-sports company Unrivaled Sports in 2024.
• Property: A Manhattan Upper East Side townhouse ($52M, 2017) and a Miami Beach mansion ($32M, 2021).
• Family in the business: His wife Marjorie co-founded Harris Philanthropies with him in 2014.

Giving and politics

• Harris Philanthropies backs youth, sport and education. Gifts include $10M to Wharton, $5M to Harvard Business School (2022) and $5M to The Field School (2025).
• HBSE committed $20M to racial-justice work after 2020 and more than $7M to COVID-19 relief in Philadelphia.
• He gives to both parties: $648,000 to Republicans and $190,000 to Democrats between 2015 and 2020.

How they run their teams

• He delegates basketball to executives but approves major moves. He said ownership signed off on the Jared McCain trade.
• He oversaw the Process, several seasons of deliberate losing under Sam Hinkie. The team went 10-72 in 2015-16.
• In May 2026 Daryl Morey left after a playoff sweep by the New York Knicks. In June the team hired Mike Gansey as president of basketball operations.
• In January 2025 he dropped a $1.3B downtown arena plan that Chinatown residents had opposed.

What they have said

• The front office may go into the luxury tax; the new arena and training centre cost far more.
• He shares the frustration of fans with results and brought in Bob Myers to oversee basketball.
• The biggest investment firms now ignore smaller deals, and 26North was built to work in that gap.
• Owners are stewards for their cities; media rights and overseas audiences drove team values up.
• He paid about 60 times earnings for the Commanders, which he jokes ended his name as a value investor.
• Investing is private and driven by data, while owning a team is public and tied to a community.

Little-known facts

• He spent only two months at Blackstone before co-founding Apollo.
• He wrestled for Penn and became a 76ers fan as a freshman there.
• He lost out on Chelsea and the Denver Broncos in 2022 before landing the Commanders.
• 76ers season-ticket holders rose from about 3,500 in 2011 to 14,000 by 2023.