... earned:
This session: ...
Per second: ...
← Back to list
Josh Harris
#307

Josh Harris

Source of wealth: Private equity

Net Worth

...

Earnings per second

...

Modules

Biography

Josh Harris cofounded alternative investment firm Apollo Global Management in 1990 with fellow billionaires Leon Black and Marc Rowan.

The trio met at investment bank Drexel Burnham Lambert, and struck out on their own after the troubled firm filed for bankruptcy.

After stepping down from Apollo in 2022, Harris founded 26North, another investment firm which now has $28 billion in assets under management.

Harris led a group that bought the NFL's Washington Commanders for $6.05 billion in 2023 and serves as the team's managing partner.

He and David Blitzer also founded Harris Bltizer Sports & Entertainment, which owns the Philadelphia 76ers, New Jersey Devils and other sports assets.

Financial Assets

Exchange
NYSE
Ticker
APO-US
Company
Apollo Global Management
Exchange
NYSE
Ticker
BERY-US
Company
Berry Plastics
Exchange
NYSE
Ticker
LYB-US
Company
LyondellBasell

The Great Lie of Mega-Fortunes: The Case of Josh Harris

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 Josh Harris, linked to Finance & Investments and 'Private equity', 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 80 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 5.0 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.

Share

𝕏 Share on X 💬 Send via WhatsApp ✈️ Send via Telegram f Share on Facebook