James Pallotta

James Pallotta
Born James Joseph Pallotta[1]
(1958-03-13) March 13, 1958
Stoneham, Massachusetts, United States
Nationality American
Alma mater University Of Massachusetts
(B.B.A.),
Northeastern University
(M.B.A.).
Occupation
  • businessman
  • entrepreneur
  • private investor
Known for Chairman and Managing Director at Raptor Group[2]
Partner at Tudor Investment Corporation[3]
Chairman & Major Shareholder of A.S. Roma
Shareholder of Boston Basketball Partners[4]
Net worth US$1 billion (2018)[5]
Spouse(s) Kimberly Pallotta
Children Christopher Pallotta
Michael Pallotta
Parent(s) James R. Pallotta
Angelina Pallotta

James Joseph Pallotta (born March 13, 1958) is a billionaire American businessman and entrepreneur.[6] In 2009, he founded Raptor Group, a private investment company.[7] Prior to forming Raptor, Pallotta served as Vice Chairman at Tudor Investment Corporation. Additionally, Pallotta is co-owner and the chairman of the Italian football club A.S. Roma; co-owner and executive board member of the National Basketball Association's Boston Celtics,[8] and Co-owner of esports franchise Fnatic.[9]

Early life

Pallotta was born in 1958 in Boston to Angela Maria Di Giacomo from Canosa di Puglia, Apulia and her husband James Pallotta from Calabria. Along with sisters Carla and Christine Pallotta, he was raised in Boston’s Italian North End Neighborhood. His sisters own and operate NEBO Cucina & Enoteca in Boston’s Financial District.[10] Jim Pallotta received his B.A. at University of Massachusetts – Amherst and received his M.B.A. at Northeastern University.

Professional background

Raptor Group

Pallotta founded Raptor Group, a private investment company with offices in Boston, MA; New York, NY; Miami, FL; London, England; and Abu Dhabi, UAE. Raptor focuses on various industries including, but not limited to: Sports, Consumer, Technology, Media, Entertainment, and Financial Services.

A.S. Roma

Pallotta, along with three other American investors (Thomas R. DiBenedetto, Michael Ruane and Richard D'Amore) acquired Serie A football club A.S. Roma in 2011.[11]

On August 27, 2012 Pallotta became the chairman of club, succeeding Thomas R. DiBenedetto, and becoming the 23rd in the club's history.[12]

Tudor Investment Corporation

Prior to Raptor Group Pallotta served as a Vice Chairman and Partner at Tudor Investment Corporation.

Initiatives

Pallotta is a member of the Board of Trustees for the Santa Fe Institute[13] and the Board of Trustees for Northeastern University[14]. Pallotta serves on the Board of Directors for New Profit Inc.[15] as well as the Board of Advisors for Tulco, LLC.[16] He is also a member of the Advisory Council for the MIT Media Lab[17] and the External Advisory Committee for the Center for Brains, Minds and Machines (CBMM) at MIT.[18]

In addition to these roles as well as other boards and charitable organizations, Pallotta is involved with initiatives in both the digital currency and Artificial Intelligence space. Pallotta contributed to MIT’s Bitcoin Developer Fund which is a part of its Digital Currency Initiative (DCI), as well as the recently created Ethics and Governance of Artificial Intelligence Fund.[19] Other notable contributors to the Ethics and Governance of Artificial Intelligence Fund include LinkedIn Founder Reid Hoffman and Ebay founder Pierre Omidyar.[20]

References

  1. ↑ "ASSEMBLEA STRAORDINARIA DEGLI AZIONISTI" (PDF) (Press release). A.S. Roma. March 1, 2014. Archived from the original (PDF) on August 20, 2014. Retrieved September 20, 2014.
  2. ↑ https://www.crunchbase.com/organization/raptorgroup
  3. ↑ https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=92002
  4. ↑ http://publogix.com/e/1617-bcyb/#/ Boston Celtics 2016–17 Year Book
  5. ↑ https://www.affluenceiq.com/50richest.php
  6. ↑ "The 50 Wealthiest Bostonians". Boston Magazine. May 15, 2006. Retrieved November 11, 2016.
  7. ↑ "James Pallotta - Founder @ Raptor Ventures | crunchbase". www.crunchbase.com. Retrieved November 11, 2016.
  8. ↑ Straus, Brian. "Brian Straus: American Pallotta out to turn AS Roma into a 21st-century empire". SI.com. Retrieved November 11, 2016.
  9. ↑ Heitner, Darren (April 10, 2017). "Fnatic Esports Brand Receives Over $7 Million In Financing". Forbes. Retrieved December 8, 2017.
  10. ↑ Blumenthal, Rachel Leah (January 18, 2013). "Nebo Owners Carla and Christine Pallotta". Eater Boston. Retrieved November 3, 2016.
  11. ↑ "Roma's new owner reveals broad plans".
  12. ↑ GAZZETTA DELLO SPORT Pallotta, è tua! Tra basket e soccer. La scalata di mister James per fare grande la Roma | gazzettagiallorossa.it
  13. ↑ Marshall, Jenna. "Manager of Communications". Santa Fe Institute.
  14. ↑ "Members of the Board of Trustees". Northeastern University. Retrieved January 22, 2018.
  15. ↑ "New Profit Leadership Team". New Profit. Retrieved January 22, 2018.
  16. ↑ "Team". Tulco. Retrieved January 22, 2018.
  17. ↑ "Advisory Council". MIT Media Lab.
  18. ↑ "External Advisory Committee". CBMM External Advisory Committee.
  19. ↑ Camdir, John (March 29, 2016). "MIT's Digital Currency Initiative Receives a Boost With $900,000 Raised for Bitcoin Development Fund". Bitcoin Magazine. Retrieved January 13, 2017.
  20. ↑ Hern, Alex (January 11, 2017). "Tech billionaires donate $20m to fund set up to protect society from AI". The Guardian. ISSN 0261-3077. Retrieved January 13, 2017.
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