Bruce Levenson’s journey with the Atlanta Hawks has come to an end increasing his net worth by substantial amount. Billionaire investment funds and equity management specialist Antony Ressler bought the top-earning NBA team for an estimated $850 million according to media reports. Bruce and partnering co-founder Michael Gearon Jr. combined efforts with Atlanta Hawks key investors to make the sale a success. NBA products generate substantial profit these days and Levenson is without regret. It’s rumored that he gained 27% extra profit since his bankers commissioned to sell the team set the price extremely higher given the market climate.
Levenson has had measurable success in business throughout his career. Alongside business partner Ed Peskowitz, he co-founded the publishing industry empire UCG (United-Communications-Group) in 1977. The company has since led enormous global expansions and product updates. Earlier this year he sought a buyer for his long-standing investment the professional NBA team Atlanta Hawks. He decided to auction the prosperous NBA team and products for sale back in September last year. Levenson is a key decision in UCG operations and business transactions. This includes acquisitions, mergers, and other development efforts.
Incorporated as a wholly private business, UCG specializes in a variety of products and publishing services. UCG service portfolio includes telecommunications, mortgage banking, news/analysis, technology, health care, data and energy solutions. The company’s GasBuddy app has been creating a buzz in the automotive industry as well. The app assists drivers to discover nearby gas stations that charge the lowest fuel rates. Bruce’s journey is only beginning. Bruce served the world-renowned Publishing house Washington Star in an earlier life. It wasn’t until 2004, Levenson secured ownership of celebrated NBA team Atlanta Hawks along with the prominent Philips Arena.
The young, vibrant business-minded professional undertook managerial roles at prominent U.S. companies, including TechTarget where he held a director position. Levenson held a seat on NEPA (Newsletter-and-Electronic-Publishers-Association) board-of-directors for a fairly reasonable term. As a philanthropist, he’s helped the future generations of youngsters in underdeveloped communities and immobilized by poverty to avail invaluable resources to better education. He’s organized and pursued notable projects as the world-renowned “I-Have-A-Dream-Foundation) president during his term. Bruce served the Washington chapter and he’s still committed to making a positive impact on tomorrow’s children.
Levenson earned received a BA degree from Washington University and a law degree from American University. He has multiple affiliations with several other philanthropic projects for organizations such as the Seeds-of-Peace, the world-renowned SEED foundation, BBYO, Birthright Israel, and others. His contributions to the U.S.-Holocaust museum and ” Bringing-the-Lessons-Home youth program has gone unnoticed. With his mother-in-law being a Holocaust survivor, her story was his source of inspiration. Now 65, Levenson shares his home with wife Karen and his three sons. With homes in Potomac and Atlanta, he leads a comfortable life with his family.