Bruce Levenson

Bruce Levenson is a philanthropist, former owner of the Atlanta Hawks basketball team, as well as part of many other reputable organizations. His humble beginnings start in Washington D.C where he was born but he was raised in Chevy Chase, Maryland. Later on in life he went back to Washington to go to college at the Washington University in St. Louis and he later went to law school at a local private university in Washington D.C. In 1997, he and some of his business partners created the company called United Communications Group (UCG). United Communications Group is a private held business, by him and his colleagues, that specializes in analyzing data collected of various companies in most industries. The company then makes a portfolio of these companies for the companies to get a better understanding of what they need to focus on next. This company also owns GasBuddy which is an app that helps drivers find the lowest gas prices possible. From these ventures Levenson and his colleagues refined their craft of networking with other businessmen alike to achieve greater things. In 2004, Levenson and his posse of investors purchase the Atlanta Hawks professional basketball team as well as the Atlanta Thrashers, which was a National Hockey League (NHL) team. The team struggled its first season under new ownership but the following decayed proved to be fruitful as the Atlanta Hawks had respectable showings in the Eastern Conference with numerous streaks of advancing to the NBA playoffs as well as advancing moving on to the second round three years in a row. In 2014, Levenson was looking to sell the team. Previously, the team would only be worth in the range of 400 million to 500 million. But, due to the sale of the Clippers and Bucks the value of NBA teams rose because of deals with television networks as well as an endless amount of sponsors. According to PR Newswire Levenson himself valued the team at around 825 million, while other advised him to look more into the 1 billion range, but in the end Levenson sold the Atlanta Hawks professional basketball team for 850 million. After his ventures with owning a basketball franchise, Levenson pursued philanthropy. He participates in a countless amount of organizations focusing on making the dreams of those less fortunate come true. He is an active supporter of organizations such as Hoops Dreams Foundation, I Have a Dream Foundations, the Jewish foundation and many more. Ultimately, Levenson’s journey from growing up in Chevy Chase, Michigan, to supporting dozens of charitable organizations, has been an eventful and fruitful one. He is not done yet. To this day, his list of charities and foundations he supports is growing as well as slowly getting involved with Israeli leadership.

Leave a Reply