David J. Adelman

In July 2022, it was announced that Adelman would chair 76 Devcorp, a new development company responsible for developing 76 Place at Market East, the proposed new stadium for the Philadelphia 76ers located in Center City, Philadelphia.

On October 23, 2022, Adelman acquired the majority of Michael Rubin's 10% ownership stake of the Philadelphia 76ers and New Jersey Devils. As part of the transaction, Adelman became a partner in Harris Blitzer Sports and Entertainment (HBSE), which also owns the NBA G League's Delaware Blue Coats, the AHL's Binghamton Devils and esports team Dignitas. HBSE also owns the rights to operate the Prudential Center in Newark, New Jersey.

On February 18, 2021, Adelman acquired a full ownership stake in American Harvest Vodka and Beach Whiskey as part of a newly formed Darco Spirits Company, under his Darco Capital umbrella.

Business Insider reported Adelman's net worth at $1.6 billion, as of September 25, 2021.

Adelman is also a co-founder of cred.ai, a FinTech company launched in August 2020, that uses AI to establish and improve consumers' credit. Backed by John Legend, Ben Simmons, Tim Armstrong and Michael Rubin, cred.ai has been called the "Tesla of Banking".

In October 2020 Adelman co-led an investment into VIDE Beverages, a ready-to-drink vodka soda brand, with model, actress and entrepreneur Olivia Culpo.

In 2013, Adelman, with group of Philadelphia-based investors, led a $30 Million investment into private aviation company Wheels Up, founded by serial entrepreneur Kenny Dichter. Adelman serves as the Lead Director. On December 19, 2019, Delta Air Lines announced it took a stake in Wheels Up to become its largest investor and merged it with its Delta Private Jets subsidiary. On January 5, 2021, Wheels Up announced its acquisition of Mountain Aviation, the 10th largest private jet charter operator in the U.S., bringing its total fleet to 350 aircraft. On February 1, 2021, Wheels Up announced SPAC-Based IPO Valued At $2.1 Billion. The deal brings Wheels Up together with a SPAC that counts funds associated with luxury conglomerate LVMH and its boss, Bernard Arnault. It is expected to start trading in Q2 2021.

In 2007, Adelman co-founded FS Investments, a $24 Billion alternative investment firm, with headquarters in Philadelphia.

In 1997, at age 25, Adelman was named the CEO of Campus Apartments after Horwitz became Chairman of Campus Apartments. As CEO of Campus Apartments, Adelman created a partnership between Campus Apartments and the University of Pennsylvania where off-campus apartments would be renovated. As a result, living standards improved and crime-rates dropped in University City. Adelman has worked to expand Campus Apartments outside of the realm of student housing at the University of Pennsylvania. Under his watch, Campus Apartments has built an extended-stay hotel and faculty condos on the University of Pennsylvania's campus and has built apartments at Franklin & Marshall College and Emory University. Adelman's guidance has resulted in Campus Apartments acquiring more than $2 billion in assets. In 2009, Adelman was named the MultiFamily Real Estate Executive of the Year. In October 2022, it was announced that Campus Apartments plans to construct a new 162,000 square foot headquarters on 41st and Walnut streets by 2026 featuring 136 new residential units and office space.

Adelman was born to a Jewish family and is the grandchild of Sam Wasserman, a Holocaust survivor. He was raised in Penn Valley, Pennsylvania. Starting at the age of 11, the founder of Campus Apartments, Alan Horwitz served as a mentor to Adelman. At age 13, Adelman invested $2,000 of his Bar Mitzvah money with Horwitz and Campus Apartments. Horwitz invested those $2,000 in off-campus student housing near the University of Pennsylvania. At age 17, Adelman purchased his first solely owned investment property. Adelman attended Ohio State University and graduated with a degree in Political Science in 1994. While in college, Adelman worked in the accounting office and as a leasing agent for Campus Apartments. Adelman was accepted into the Temple University Beasley School of Law, but instead opted to become a Property Manager at Campus Apartments.

David J. Adelman (born March 11, 1972) is a billionaire American businessman and entrepreneur. He is the CEO of Campus Apartments, the co-founder and Chair of FS Investments and the founder of Darco Capital Chair. In October 2022, Adelman became a co-owner of the Philadelphia 76ers and New Jersey Devils.