David Blitzer, born in 1961, began his professional journey in the early 1980s, fresh out of the University of Pennsylvania’s Wharton School with a degree in economics. He started at Lehman Brothers, a prominent investment bank at the time, as an analyst in their fixed income division. It was here that Blitzer’s analytical skills and passion for numbers began to shape his career.

Blitzer’s rise to prominence started in the mid-1990s when he co-founded Blackstone Group’s private equity division, known today as Blackstone Private Equity. This move catapulted him into the limelight, as he played a pivotal role in transforming Blackstone into one of the world’s leading alternative asset management firms.

David Blitzer’s Net Worth in 2025

As of 2025, David Blitzer’s net worth is estimated to be around $3.5 billion, according to Forbes. This places him among the wealthiest individuals in the world.

Career

David Blitzer is a renowned American businessman and co-founder of Blackstone Group, a global investment firm. He co-founded the firm in 1985 with Stephen A. Schwarzman and has since served as a senior executive, contributing significantly to its growth and success.

Other Ventures

Blitzer is also known for his involvement in various other ventures. He is a part-owner of the NBA’s Philadelphia 76ers and the NHL’s New Jersey Devils. Additionally, he serves on the board of several prominent companies, including The Madison Square Garden Company.

Assets

Blitzer’s assets include a significant stake in Blackstone Group, as well as real estate holdings across the United States. He also owns a private jet and has investments in various financial markets.

Annual Income

As of 2025, David Blitzer’s annual income is estimated to be around $100 million, primarily from his stake in Blackstone Group and other business ventures. This figure can vary from year to year based on the performance of his investments and businesses.

Frequently Asked Questions about  David Blitzer

David Blitzer Net Worth FAQs

1. What is David Blitzer’s net worth?

David Blitzer’s net worth is estimated to be around $2.5 billion.

2. How did David Blitzer make his fortune?

David Blitzer made his fortune through his successful career in finance and investments. He is a co-founder of Blackstone Group, a global investment firm.

3. What is David Blitzer’s role at Blackstone Group?

David Blitzer is a co-founder and a senior managing director at Blackstone Group. He is also the head of the firm’s Tactical Opportunities group.

4. When was Blackstone Group founded?

Blackstone Group was founded in 1985 by David Blitzer, along with Stephen Schwarzman and Peter Peterson.

5. What other investments has David Blitzer been involved in?

David Blitzer has been involved in various investments outside of Blackstone Group, including real estate and sports teams. He is a part-owner of the New Jersey Devils hockey team and the Philadelphia 76ers basketball team.

6. How old is David Blitzer?

David Blitzer was born on January 1, 1951, making him 71 years old as of 2022.

7. Where did David Blitzer grow up?

David Blitzer grew up in New York City, where he still resides today.

8. Did David Blitzer attend college?

Yes, David Blitzer attended Harvard College and graduated with a Bachelor of Arts degree in 1973. He then went on to receive a Master of Business Administration degree from Harvard Business School in 1979.

9. Is David Blitzer married?

Yes, David Blitzer is married. He has kept his personal life relatively private, so not much is known about his wife or any children he may have.

10. What are David Blitzer’s political affiliations?

David Blitzer is a registered Democrat and has been a significant donor to Democratic political campaigns and causes. He has also served on the board of the Council on Foreign Relations.