Josh Harris, Co-Founder of Apollo Global Management, HBSE + MP of the 76ers & New Jersey Devils
Jun 16, 2021
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Josh Harris, Co-Founder of Apollo Global Management and Managing Partner of the Philadelphia 76ers and New Jersey Devils, shares his remarkable journey from competitive wrestling to finance. He discusses how his early experiences shaped his work ethic and led to pivotal career moves, including launching his firm during a financial crisis. Harris also reveals the challenges of becoming a sports franchise owner, emphasizing community impact and innovative management. He offers aspiring entrepreneurs practical advice on passion and building a supportive network.
Aligning work with personal passion is crucial for long-term success, as it fosters both professional and personal growth.
Early experiences in competitive wrestling taught Josh Harris discipline and resilience, which became foundational to his achievements in business.
Deep dives
Pursuing Passion and Values
Choosing to engage in work that aligns with personal passion is vital for long-term success. Individuals should surround themselves with like-minded people who share similar values, as these relationships will support both professional and personal growth. The concept of life being treated as an investment encourages individuals to assess their decisions carefully and commit to goals they genuinely care about. Emphasizing this approach can create a meaningful and fulfilling career path, despite the inevitable challenges along the way.
The Influence of Wrestling
Josh Harris shares how his early experiences as a competitive wrestler instilled a strong work ethic and discipline that shaped his later success in business. Through wrestling, he learned to prepare thoroughly and embrace hard work, which later translated into better performance in academics and his career. This rigorous training not only built physical strength but also taught him about determination and resilience in facing challenges. These lessons in discipline have been foundational to his achievements in the business world, serving as a driving force throughout his endeavors.
The Transition to Investments
Josh's transition into the world of finance began during his time at the Wharton School, where he discovered his passion for economics and investment. Ultimately, he chose to pursue opportunities on Wall Street, attracted by the prospect of working with the best minds in the industry and the hands-on experience it offered. He engaged in rigorous early careers, working long hours as a financial analyst and honing his skills in investment strategies. This experience laid the groundwork for his later ventures, including the founding of Apollo Global Management, which significantly impacted his trajectory in private equity.
Commitment to Community and Justice
In light of recent societal issues surrounding racial justice, Josh Harris emphasizes the responsibility sports organizations have to their communities. Using their platform, he illustrates how the Philadelphia 76ers have taken proactive steps to address inequalities by investing in black-owned businesses and supporting community initiatives. This commitment has resulted in financial contributions and programs aimed at uplifting underserved communities, showcasing a transformational approach to ownership in professional sports. These actions not only demonstrate corporate responsibility but also create a lasting impact, fostering a sense of unity and progress within the city.
Josh Harris is a Co-Founder of Apollo Global Management, the second-largest alternatives and largest alternative credit manager. He is also the Founder of Harris Blitzer Sports & Entertainment, a company created to accelerate community growth and explore strategic investment opportunities in sports, entertainment, and media. Within the HBSE portfolio, Josh is the Managing Partner of the Philadelphia 76ers and the New Jersey Devils.