⬅ # 231 Goh Cheng Liang|# 233 Lee Jae-yong ➡

# 232 Josh Harris 

$9.83B

Real Time Net Worth
as of 4/23/2024
$134.2M (1.37%)

# 232 Josh Harris 

$9.83B

Real Time Net Worth
as of 4/23/2024
$134.2M (1.37%)
OccupationCofounder, Apollo Global Management
Source of WealthPrivate Equity
Age59
ResidenceMiami, Florida
Marital StatusMarried
Children5
EducationMBA, Harvard University; BS, University of Pennsylvania, The Wharton School
Age-Adjusted Net Worth$10.5B
Josh Harris
Josh Harris
United States
Net worth: $9.83B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Joshua Jordan Harris was born in December 1964 in Chevy Chase, Maryland to a Jewish family
Attended The Field School in Washington, D.C.
Earned a Bachelor of Science degree in economics from the Wharton School of the University of Pennsylvania in 1986, graduating summa cum laude
Received an MBA from Harvard Business School (HBS) as a Baker Loeb Scholar in 1990, graduating with honors

Career Highlights

Began career at Drexel Burnham Lambert as a financial analyst in mergers and acquisitions department in 1986
Co-founded Apollo Global Management with Leon Black and Marc Rowan in 1990
Led a $2 billion investment into LyondellBasell in 2008, sold for a profit of $9.6 billion in 2013
Stepped down from day-to-day responsibilities at Apollo in May 2021 to focus on sports investments
Founded Harris Philanthropies in 2014 with wife Marjorie
Co-founded Harris Blitzer Sports & Entertainment with David Blitzer in 2017
Founded alternative asset firm 26North in 2022
Led a group to purchase the Washington Commanders and Commanders Field in 2023 for $6.05 billion, the highest price ever paid for a sports team

Sports Investments

Bought the Philadelphia 76ers in 2011, which quadrupled in value by 2021
Acquired the New Jersey Devils and Prudential Center in 2013
Purchased an 18% stake in Crystal Palace Football Club in 2015
Founded Harris Blitzer Sports & Entertainment in 2017
Explored investments in various sports teams including the Pittsburgh Steelers and Chelsea FC
Bought a minority stake in Joe Gibbs Racing in 2023

Properties

Owns properties including the Dommerich Mansion in NYC and a mansion in Miami Beach

How long would it take you to become as rich as Josh Harris?

If you started with $10,000 and invested an additional $500 each month at a 43.95% CAGR, it would take you 5 years to reach Josh Harris's net worth of $9.83B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 34.07% compared to 5.08% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Josh Harris is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Josh Harris, Private Equity is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey