David Adelman

Net worth over time

Biography

• 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 Future Standard, an alternative investments firm that manages $86 billion across 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.
• 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.
• Through his Darco Capital, Adelman has invested in everything from soccer club Crystal Palace F.C. to private jet charter company WheelsUp, where he's on the board.