Profile Josh Harris: billionaire Apollo founder, Mets potential owner - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 127 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 54%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Meet Josh Harris, the billionaire private-equity titan who's vying to own the New York Mets. Colleagues, investors, and a star athlete reveal how the ultra-competitive businessman is building a sports empire

Brad Barket/Getty Images; Nick Wosika/Icon Sportswire via Getty Images; Al Bello/Getty Images; Ruobing Su/Business Insiderand start reading now.

Harris, who co-founded private-equity giant Apollo Global Management and owns the Philadelphia 76ers, sometimes worked out with Lasry at the gym inside Manhattan's Core Club. It was there that Harris took on the role of interrogator. , had become accustomed to his long-time friend's constant smack-talking. While Lasry stretched out with a trainer, Harris would needle, "Why don't you lift more weights? It might be helpful if you actually got some exercise.

Harris, 55, owns or co-owns the 76ers, the NHL's New Jersey Devils, and the Crystal Palace football club, a London-based soccer team. Now, he may add a baseball team to his list of assets,that his sports investing company, Harris Blitzer Sports & Entertainment, was one possible suitor of the New York Mets.

Though there are no signs Cohen has returned to the table, Harris may have other competition. This spring, former MLB star Alex Rodriguez and his fiancée, actor and musician Harris, who commutes from Apollo to 76ers home games by helicopter, has an ambitious work ethic is frequently cited by friends and colleagues.

helping Apollo earn a six-fold return after a $2 billion investment turned into $12 billion between 2008 and 2013The profit he helped turn yields him an annual salary of several hundreds of millions in annual pay and dividends — enough toThe wealth he's accumulated has also made for some thorny optics. Harris recently instituted — then quickly retracted — a 20% pay cut for staffers of the 76ers when the coronavirus suspended the NBA season.

"Since I got to Philly, he's made me feel like a partner instead of treating me like someone who works for him," he said. "He values my input — and we got it fixed."Harris' firm, Apollo, doesn't invest in sports companies because of perceived conflicts of interest Apollo's other top executives have had their own side projects. CEO Leon Black, for instance, is chairman of the Museum of Modern Art. And private-equity executives at other firms, including David Bonderman of TPG, and Tom Gores of Platinum Equity, own their own teams, too. has known Harris for a good chunk of his career, working as an operating partner at Apollo between 2006 and 2015, and before that, as CEO for former Apollo portfolio company Vail Resorts.

When NHL commissioner Gary Bettman first met Harris, it was clear he wasn't treating his ownership of the Devils as some frivolous endeavor, Bettman said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Fuck josh harris

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BUSINESS INSIDER: Starting UpDon’t miss Yieldstreet founder and CEO MilindMehere live on the next Starting Up, at 1PM ET on June 23. He joins drake_baer to talk about how he launched Yieldstreet and grew it into one of the most innovative brands today. Sign up for a reminder here
Source: BusinessInsider - 🏆 729. / 51 Read more »

NYC home of CBS founder, Iranian princess in contract at $40 million cut - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. EatTheRich
Source: BusinessInsider - 🏆 729. / 51 Read more »

Facebook drops censorship tools for Workplace - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business Insider's best investing stories of the week ended June 16 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. ......why did you use a photo of some rave... ? Day trading is for suckers These are the suckers that the 'pump and dump' big investors will use to unload their inflated stocks. That's why they are touting the 'V' shaped recovery. It's a repeat of the 2008 mortgage securities pump and dump.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Dealership owner to auction 26 cars, including one with two front ends - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. SergioR509 CurrenSy_Spitta
Source: BusinessInsider - 🏆 729. / 51 Read more »