The Philadelphia 76ers are a professional basketball team based in Philadelphia, Pennsylvania, competing in the NBA (National Basketball Association). Known as the “Sixers”, the franchise has a rich legacy, featuring stars like Allen Iverson, Julius Erving, and Joel Embiid.
The team is privately owned by Harris Blitzer Sports & Entertainment (HBSE), a sports and entertainment group co-founded by Josh Harris and David Blitzer in 2011, when they purchased the team from Comcast Spectacor for approximately $280 million.
Ownership Status of Philadelphia 76ers
The Philadelphia 76ers do not have a single individual owner. Instead, they are controlled by HBSE, led by its two principal figures — Josh Harris (Managing Partner) and David Blitzer (Co-Managing Partner).
Major Owners
| Owner / Entity | Role | Notes |
|---|---|---|
| Josh Harris | Managing Partner | Co-founder of HBSE; also owns stakes in other teams like the New Jersey Devils and Washington Commanders. |
| David Blitzer | Co-Managing Partner | Co-founder of HBSE and a senior executive at Blackstone. |
| Michael Rubin (former) | Minority Investor | Sold his 10% stake in HBSE in 2022 to focus on his company Fanatics. |
About Josh Harris
Josh Harris is an American investor and sports-team owner. He co-founded Apollo Global Management in 1990 and later helped establish Harris Blitzer Sports & Entertainment (HBSE), which owns sports teams including the Philadelphia 76ers.
Josh Harris Net Worth
As of early to mid-2025, Josh Harris’s net worth is commonly estimated in the US $10-12 billion range. For instance:
- Forbes lists it around US $11.1 billion as of January 2025.
- The Bloomberg Billionaires Index notes around US $11.7 billion in June 2025.
He has amassed this fortune through his stake in Apollo, his sports-team investments, real‐estate holdings, and other business ventures.
Note: Net worth figures are estimates and can change with market conditions and private asset valuations.
About David Blitzer
David Blitzer is an American investor and sports-team owner. He graduated from the Wharton School at the University of Pennsylvania in 1991 and later joined the Blackstone Group, where he rose to a senior role. He co-founded Harris Blitzer Sports & Entertainment (HBSE) with Josh Harris and through that owns stakes in multiple major-league sports teams, including the Philadelphia 76ers (NBA) and the New Jersey Devils (NHL).
David Blitzer Net Worth
As of 2025, David Blitzer’s net worth is estimated at about US $3.6 billion according to Forbes. This figure reflects his combined holdings in private equity, real estate, and his sports-ownership portfolio. Because much of his wealth is tied up in privately held assets, the actual value may fluctuate.
Key Shareholder Highlights
- Josh Harris, a billionaire investor and co-founder of Apollo Global Management, oversees the Sixers and other HBSE assets.
- David Blitzer, a private equity executive, manages multiple sports franchises under the HBSE umbrella.
- Michael Rubin’s exit in 2022 marked one of the most notable ownership changes in recent years.
Recent Ownership Developments
- In 2011, Harris and Blitzer officially acquired the Philadelphia 76ers from Comcast Spectacor.
- In 2022, Michael Rubin sold his minority stake in HBSE.
- HBSE continues to expand, owning multiple teams and entertainment properties, including the New Jersey Devils (NHL).
FAQs
1. Who owns the Philadelphia 76ers?
The team is owned by Harris Blitzer Sports & Entertainment (HBSE), led by Josh Harris and David Blitzer.
2. Is the 76ers a public or private team?
The 76ers are privately owned, not publicly traded.
3. When did Josh Harris and David Blitzer buy the team?
They purchased it in 2011 for about $280 million.
4. Did Michael Rubin still own a share?
No. Michael Rubin sold his 10% stake in 2022.
Philadelphia 76ers Official Site
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