David Blitzer Net Worth: Deeper Look Into His Luxury Lifestyle in 2022!

David S. Blitzer is a minority owner of the New Jersey Devils of the NHL, the Philadelphia 76ers of the NBA, Crystal Palace F.C. of the English Premier League, FC Augsburg of the Bundesliga, Waasland-Beveren of the Belgian Jupiler Pro League, the Scranton Wilkes/Barre RailRiders of the Triple-A International League, and the esports company Dignitas.

Biography

david blitzer net worth

Blitzer is Jewish and grew up in Scotch Plains, New Jersey. He received his diploma from Scotch Plains-Fanwood High School in 1987. In 1991, he received a magna cum laude from the University of Pennsylvania. He is married to Allison Ross, a Penn alumna. In 1991, he accepted a position as Senior Managing Director and Head of Tactical Opportunities at the Blackstone Group in New York City.

Blitzer is a member of the investment group that purchased the Philadelphia 76ers for $280 million. Joshua Harris of Apollo Global Management, portfolio manager Art Wrubel, and former NBA agent and Sacramento Kings executive Jason Levien, all Wharton School of the University of Pennsylvania graduates, are among the other members of the investment group, as are former Vail Resorts CEO Adam Aron, Martin J. Geller, David B. Heller, Travis Hennings, James Lassiter, Marc Leder, Michael Rubin, Will Smith & Jada Pinkett Smith, and Indonesian businessman Michael Rubin. Harris and Comcast-Spectacor began talking in the summer of 2011. On July 13, 2011, the deal was announced. On October 13, the NBA formally approved the contract. The Sixers’ market worth has risen to $1.7 billion as of August 2019.

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On August 15, 2013, it was revealed that a company led by Joshua Harris and David Blitzer had purchased controlling ownership in the NHL’s New Jersey Devils, including the rights to run the Prudential Center in Newark, New Jersey.

[requires citation] According to reports, the deal was for more than $320 million. Harris will serve as Owner/Chairman, and Blitzer will serve as Owner/Vice-Chairman, of Harris Blitzer Sports & Entertainment (HBSE), which will house all of their sports investments. The Devils’ market worth has risen to $455 million as of August 2019.

David Blitzer’s Net Worth for The Year 2022

david blitzer net worth

David Blitzer has arrived on the scene. Because he invests in equities, he has a high net worth of $1.3 billion as of 2022. Investing in equities has helped me grow my wealth over time. David Blitzer is a well-known private equity investor, which is what he makes his career doing. When you look at a number of sports teams, you’ll notice that David Blitzer is a minority shareholder or co-partner in several of them. When it comes to stock investing, he has occasionally invested in sports teams.

David Blitzer: Parents and Family

David Blitzer was born on September 7, 1969, and grew up in Scotch Plains, New Jersey. He graduated from Scotch Plains-Fanwood High School in 1987. He graduated with honors from the University of Pennsylvania in 1991. He has made no mention of his family or parents.

Details on David Blitzer’s Personal Life

Allison (née Ross) Blitzer, who is also Jewish, is Blitzer’s wife. The couple is the parents of five children.

Stuart Ross, his father-in-law, used to own the Smurfs franchise in North America. He was found guilty in 2010 of attempting to extort $5.5 million from Blitzer’s family, as well as another $5.5 million from Blitzer and Blackstone.

He was convicted of extortion and sentenced to five years of probation, with the condition that he seek psychiatric and alcohol therapy and avoid contact with his daughter Allison, Blitzer, their children, or the Blackstone Group.

Is David Blitzer Planning to Purchase the Cleveland Guardians?

david blitzer net worth

David Blitzer, according to what I’ve heard, purchased the Cleveland Guardian. John Sherman is alleged to have placed his shares in escrow in order to purchase the Kansas City Royals in 2019. The team’s owner, according to reports, is looking for a minor investor. According to Forbes, the team is valued at $1.16 billion. The current owner’s family made $323 million in 1999. If David invests 35 percent, he will most likely make a lot of money. On the other side, the investor has remained silent regarding the rumors.

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David Blitzer’s Professional Background

Blitzer is a member of the investor group that won the $280 million offer to buy the Philadelphia 76ers. The investing group also includes Joshua Harris of Apollo Global Management, portfolio manager Art Wrubel, former NBA agent Jason Levien, and Sacramento Kings CEO Jason Levien, all of whom attended Wharton.

The group also includes Adam Aron, Martin J. Geller, David B. Heller, Travis Hennings, James Lassiter, Marc Leder, Michael Rubin, Will Smith, and Jada Pinkett Smith, as well as an Indonesian businessman. Comcast-Spectacor and Harris began talking to each other in the summer of 2011. The agreement was made public on July 13, 2011. The NBA officially approved the contract on October 13th. The Sixers are now worth $1.7 billion more than they were in August 2018.

On August 15, 2013, it was revealed that a company led by Joshua Harris and David Blitzer had purchased controlling ownership in the NHL’s New Jersey Devils, as well as the right to operate the Prudential Center arena in Newark, New Jersey.

The deal was estimated to be valued at more than $320 million. Blitzer and Harris formed Harris Blitzer Sports & Entertainment (HBSE) in 2017 to hold all of their sports investments. Blitzer will be the Owner/Vice-Chairman and Harris will be the Owner/Chairman. The Devils are valued at $455 million as of August 2019.

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