David Adelman

$2.05B

as of 10/04/24

About David Adelman

David Adelman is a real estate, alternative investments and sports mogul.

His Campus Apartments is one of the largest providers of on- and off-campus housing in America, with some $2 billion of properties across 80 schools in 23 states.

He is also cofounded FS Investments, an alternative investments firm that manages $35 billion across a dozen mutual funds, REITs and other vehicles. He's vice chairman.

He has a 7% stake in Harris Blitzer Sports & Entertainment, which owns the NHL's New Jersey Devils and the NBA's Philadelphia 76ers. He's spearheading a plan to build the Sixers a $1.3 billion arena.

A Philadelphia native, Adelman got his start using $2,000 of bar mitzvah money to invest with student housing entrepreneur and family friend Alan Horwitz.

He then went to work for Horwitz, rising to CEO at age 25, and began taking more and more of the equity as he expanded Campus Apartments nationwide.

Personal stats

Citizenship

United States of America

Source of wealth

Real estate, asset management

Residence

Haverford, Pennsylvania

Marital status

Married

Birth date

03/11/72 (age 52)

Number of children

Self-made

self-made

David Adelman’s fortune is worth

34K

troy ounces of gold

32K

median U.S. household

20K

median U.S. income

0.041%

U.S. credit card volume

0.008%

GDP of the United States

0.006%

United States debt

Net worth history

Annual ranking

Did you know?

Adelman first invested in a building at the corner of 45th and Pine streets, which he still owns today. He chose it at age 13 because it was the tallest one he saw.