Billionaire Profile
David Blitzer
Global Rank
#1039

Image: Unknown Author | Public domain | via Wikimedia Commons

David Blitzer

CEO, Sports
UNITED STATES
Real-Time Net Worth
$4.042B
Estimated based on Sports stock value as of March 6, 2026
0% (24h)
Age
56
Source
Sports
Industry
Sports
Citizenship
UNITED STATES

Biography

David Blitzer is an American investor and sports team owner with an estimated net worth of $2.2 billion as of 2024. A senior executive at Blackstone, he is also the co-managing partner of the Philadelphia 76ers (NBA) and the New Jersey Devils (NHL). His career, starting with Blackstone in 1991, has seen him accumulate wealth through strategic investments and a keen eye for opportunities within sports and finance. Blitzer is known for his diverse portfolio, owning stakes in multiple professional sports teams across different leagues, making him one of the most influential figures in the sports industry.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

David Scott Blitzer was born on September 7, 1969, in Scotch Plains, New Jersey. He graduated from Scotch Plains-Fanwood High School in 1987.

Rise to Success

Blitzer's path to success began with his education at the Wharton School of the University of Pennsylvania, where he graduated magna cum laude in 1991. He joined Blackstone in 1991, where he is now the chairman of the Tactical Opportunities group. In 2011, he partnered with Josh Harris to acquire the Philadelphia 76ers. They later formed Harris Blitzer Sports & Entertainment (HBSE) in 2017. Blitzer is the first person to own team equity in the five major professional sports leagues of North America: the NBA, NHL, NFL, MLS, and MLB.

Key Business Strategies

Blitzer's investment strategy focuses on identifying and capitalizing on opportunities in the sports and entertainment industries. He is known for his strategic partnerships, particularly with Josh Harris, to acquire and manage sports franchises. This includes a focus on youth development through education and athletics. Blitzer's approach also involves data analytics to improve fan experience.

Philanthropy

Blitzer, along with his wife Allison, founded the Blitzer Family Foundation, which supports youth development through education, athletics, and health. He also serves on the boards of various organizations focused on community and youth development, and is a donor to Hillel International.

Career Milestones

1991

Graduated from The Wharton School

Graduated magna cum laude from the University of Pennsylvania's Wharton School

1991

Joined Blackstone

Began career at Blackstone after graduating from Wharton

2011

Purchased Philadelphia 76ers

Joined investment group to purchase the Philadelphia 76ers

2013

Purchased New Jersey Devils

Purchased the New Jersey Devils and Prudential Center

2015

Purchased stake in Crystal Palace

Purchased an 18% stake in Crystal Palace

2017

Co-founded Harris Blitzer Sports & Entertainment

Co-founded Harris Blitzer Sports & Entertainment with Josh Harris

2020

Bought stake in Pittsburgh Steelers

Bought a stake in the Pittsburgh Steelers

2022

Purchased stake in the Cleveland Guardians

Purchased a 25% stake in the MLB’s Cleveland Guardians

2023

Part of group that purchased the Washington Commanders

Part of the group that purchased the NFL's Washington Commanders

2024

Transitioned to chairman of Blackstone

Transitioned to chairman of Blackstone's Tactical Opportunities group

2026

Invested in MotoGP team Red Bull KTM Tech3

Joined a $50m consortium investment into MotoGP team Red Bull KTM Tech3

Philanthropy & Social Impact

Youth Development

Blitzer Family Foundation

Undisclosed

Promotes youth development through education, athletics, and health

Youth Development

Devils Youth Foundation

Undisclosed

Invests in organizations that positively impact community and youth development

Youth Development

Sixers Youth Foundation

Undisclosed

Invests in organizations that positively impact community and youth development

Education

Hillel International

Undisclosed

Supports programs that assist Jewish students in higher education

Business Philosophy & Leadership

Notable Quotes

"“You sit there as a fan your entire life — I'm a huge sports fan — and you see X, Y, Z owner and think, 'Wouldn't it be really cool to own a sports team,'”"

Leadership Principles

Strategic Investment

Focus on identifying and capitalizing on opportunities in the sports and entertainment industries.

Partnership

Collaborating with partners, such as Josh Harris, to acquire and manage sports franchises.

Community Engagement

Investing in youth development through education and athletics.

Data Analytics

Utilizing data analytics to improve the fan experience and make informed decisions.

Controversies & Challenges

2010

Extortion attempt by father-in-law

Blitzer's father-in-law, Stuart Ross, was convicted of extortion in 2010 and sentenced to probation after attempting to extort $11 million from Blitzer