Modules
Biography
David Blitzer runs the tactical opportunities group at alternative investment giant Blackstone.
In 2011, he joined forces with then Apollo colleague Josh Harris to buy the NBA's Philadelphia 76ers. They later added the NHL's New Jersey Devils and English soccer club Crystal Palace to their holdings.
Blitzer also owns stakes in MLB's Cleveland Guardians, MLS' Real Salt Lake and the NWSL's Utah Royals.
Blitzer joined Harris' ownership group that purchased the NFL's Washington Commanders for $6.05 billion in 2023.
Blitzer graduated magna cum laude from the University of Pennsylvania's Wharton School.
Financial Assets
Financial assets information not available.
The Great Lie of Mega-Fortunes: The Case of David Blitzer
Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.
The immense fortune of David Blitzer, linked to Sports and 'Sports', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 29 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 1.8 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.