David Blitzer : Family, Net Worth, Parents, Wife, Children and Salary

David S. Blitzer is a co-managing partner and minority owner of the New Jersey Devils has an Net Worth of $1.3 billion know all about him as like his Family, Parents, Wife, Children and Salary

David Blitzer Biography

David Blitzer Biography
  Bio
Name David S. Blitzer
Birthdate   7 September 1969
Age (as of 2021) 52 years
Place of Birth New Jersey, United States
Nationality American
Marital Status  Married
Spouse/Partner Allison Ross
Children Five
Parents Name not Known
Education B.S. University of Pennsylvania
Profession Businessman
Last Update December 2021

David S. Blitzer is a co-managing partner and minority owner of the New Jersey Devils of the National Hockey League, Philadelphia 76ers of the National Basketball Association, 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, esport company Dignitas, and a senior executive at the private equity firm Blackstone Group.

David Blitzer Parents and Family

David Blitzer was Born on 7 Setember 1969 and grew up in Scotch Plains, New Jersey.In 1987, he graduated from Scotch Plains-Fanwood High School.He graduated magna cum laude from the University of Pennsylvania in 1991.He has not Reveal anything about his parents and Family.

David Blitzer Wife, Is David Blitzer Married

David Blitzer Wife, Is David Blitzer Married

David Blitzer is happily marries with wife Allison Ross.The couple have five children together.

David Blitzer Net Worth

David Blitzer is a rich equity investor with a massive Net Worth of $1.3 billion. David is a private equity investor by profession. He is a co-managing partner and minority owner of several sports teams.

  Worth
Name  David Blitzer
Net Worth ( 2021 ) $1.3 billion
Income Source Businessman
Income / Salary $5 Million Per Year
Last Update  2021

David Blitzer Salary , How Much David Blitzer Earns?

As per Some sources he takes good amount of money as an annual salary is $5 million . However, there is no confirmation about it.His primary income is from his investments. Moreover, the net worth includes the value of every team he has stakes in. 

David Blitzer Net Worth Forbes

Steve Cohen eventually purchased the Mets for roughly $2.4 billion. The New York Post reported at the time that Blitzer had a net worth of $1.3 billion and Forbes reported at the time that Harris had a net worth of $5 billion.

Professional Career

Blitzer is a member of the investment group that won a $280 million bid for the purchase of the Philadelphia 76ers. The other members of the investment group are: Joshua Harris of the private equity firm Apollo Global Management, portfolio manager Art Wrubel, and former NBA agent and Sacramento Kings executive Jason Levien, all fellow Wharton School of the University of Pennsylvania graduates,as well as 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 businessmen Handy Soetedjo & Erick Thohir.Comcast-Spectacor and Harris began talks in the summer of 2011. The deal was announced on July 13, 2011.The NBA formally approved the deal on October 13.As of August 2019, the value of the Sixers has increased to $1.7 billion.

On August 15, 2013, it was announced that a group led by Joshua Harris and partner David Blitzer have purchased a majority stake in the New Jersey Devils of the NHL, which includes the rights to operate Prudential Center arena in Newark, New Jersey. The transaction was reportedly for over $320 million.In 2017, Blitzer and Harris formed Harris Blitzer Sports & Entertainment (HBSE) which will hold all their sports investments; Harris will serve as Owner/Chairman and Blitzer as Owner/Vice-Chairman.As of August 2019, the value of the Devils has increased to $455 million.

In September 2014, he partnered with David Abrams and lead a local investment group that purchased a 50% interest the New York Yankees Triple-A affiliate, the Scranton/Wilkes-Barre RailRiders Blitzer and Abrams will serve as co-managing owners.In December 2015, Blizer and Harris joined with Steve Parish to a take a controlling stake in Crystal Palace F.C.In September 2016, Blizer and Harris purchased Dignitas, a professional esports organization based in the United Kingdom formed when Battlefield 1942 clans Legion Condor and Sweden Kompanix merged. It best known for its former League of Legends and Counter-Strike: Global Offensive squads.

Is David Blitzer Buying Cleveland Guardians?

As per sources David Blitzer reported to buy the Cleveland Guardian. In 2019, John Sherman is said to have put his shares of the team in escrow so that he can buy Kansas City Royals. The owner of the team is said to be looking for a small shareholder. A Forbes report says that the team has a value of $1.16 billion. In 1999, the current owner's family brought in $323 million. If David invests 35%, he will probably make a lot of money. However, the investor hasn't said anything about the rumours himself.