Early Life and Education
David Scott Blitzer was born on September 7, 1969, in Scotch Plains, New Jersey. He graduated from Scotch Plains-Fanwood High School in 1987 and went on to graduate magna cum laude from the Wharton School of the University of Pennsylvania in 1991. His education at Wharton laid the foundation for his successful career in finance and investment.
Rise to Success and Career
After graduating from Wharton, Blitzer joined the private equity firm Blackstone in 1991. He rose through the ranks and became the Chairman of Blackstone's Tactical Opportunities group. Blitzer's career took off in 2011 when he partnered with Josh Harris to purchase the Philadelphia 76ers, marking the beginning of his extensive involvement in professional sports ownership. Blitzer's portfolio includes the New Jersey Devils, several association football clubs, and minority stakes in the Cleveland Guardians baseball team and the Washington Commanders.
Key Business Strategies and Achievements
Blitzer's key strategies involve identifying and investing in opportunities across various asset classes and industries. His partnership with Josh Harris led to the formation of Harris Blitzer Sports & Entertainment (HBSE), which expanded to include multiple sports franchises and ventures. Blitzer's foresight and strategic investments have helped him build a diverse portfolio. Blitzer is the first person to own team equity in all five major professional sports leagues of the U.S.. He was named to the NHL's Executive Committee in 2023.
Philanthropy
Blitzer and his wife Allison, founded the Blitzer Family Foundation, which supports youth development and other philanthropic organizations. Blitzer also serves on the boards of several organizations, including the U.S. Olympic & Paralympic Foundation.