Philadelphia’s business landscape boasts an array of tycoons who have not only amassed substantial fortunes but have also made profound impacts across diverse industries. As of 2023, here are the top five business magnates who have left an indelible mark on the City of Brotherly Love.
- Gerald Kessler – $1.6 billion
Gerald Kessler, a real estate developer and entrepreneur, founded the Kessler Group in 1980. The company has overseen the development and management of over 10 million square feet of real estate in Philadelphia, and Kessler is also the proprietor of the Philadelphia Inquirer, Philadelphia Daily News, and Philly.com.
- David Blitzer – $1.5 billion
David Blitzer, a co-founder and managing partner of Blackstone Group, a global private equity firm, has played a pivotal role in numerous notable Blackstone investments, including Hilton Hotels and Zynga. Blitzer’s ownership extends to the Philadelphia 76ers and the New Jersey Devils.
- Joseph Neubauer – $1.4 billion
Joseph Neubauer is the visionary behind Aramark, a prominent food, facility, and uniform services company catering to diverse industries. Beyond business, Neubauer’s ownership extends to the Philadelphia Soul Arena Football League team.
- Norman Braman – $1.3 billion
Norman Braman, a distinguished car dealer and entrepreneur, founded the Braman Group in 1966, which stands as one of the largest automotive dealership groups in the United States. Braman is also the owner of the Philadelphia Eagles football team.
- Jeffrey Blau – $1.2 billion
Jeffrey Blau serves as the CEO of Related Companies, a global real estate development powerhouse responsible for iconic structures like the Time Warner Center and the Hudson Yards development in Manhattan. Blau’s leadership extends to the chairmanship of the Metropolitan Transportation Authority’s board.
These influential individuals not only represent immense wealth but also embody a spirit of entrepreneurship and innovation that has significantly shaped Philadelphia’s business landscape. Their remarkable journeys inspire future generations and underscore the city’s reputation as a hub for dynamic business leaders and visionary entrepreneurs.