Bruce Levenson is much more than just an NBA team owner and successful businessman. He is also a caring husband and father and a long-time philanthropist. Many in the general public first became aware of Bruce Levenson when he was announced as a majority partner of the Atlanta Spirit LLC group that purchased the Atlanta Hawks basketball team in 2004. But the Chevy Chase, Maryland native had already had decades worth of success and good deeds before taking on that task. An attorney and journalist, Levenson’s first major move was co-founding the United Communications Group (UCG) with Ed Peskowitz in 1977. Since then, he has made a number of amazing moves that have left people in awe of him.
The United Communications Group started as a newsletter, Oil Express, which reported on the latest news in the energy industry. A man before his time, Levenson and UCG used the early iteration of the internet to deliver the information industry leaders needed in a timely manner. Soon UCG bought up a number of other newsletters and was providing critical information to companies in the healthcare, technology, telecommunications, mortgage banking, and a number of other industries. To bolster its position, UCG also founded a number of databases including Oil Price Information Service. The company also created and managed GasBuddy, an application which gives drivers information on the lowest gas prices in their region.
Levenson is also involved in the information technology and financial services industries. He was director and founding board member of the publicly traded IT industry media firm TechTarget. Levenson also served as an advisor to the private equity firm BIA Digital Partners, and was on the Newsletter and Electronic Publishers Association board of directors. Bruce Levenson had made such a major contribution to the publishing industry that in 1997 he was induced into the Hall of Fame of the Software and Information Industry Association.
Forbes billionaire Bruce Levenson has also been a philanthropist for decades. He has been involved with the Community Foundation of Washington, D.C., and the I Have a Dream and Hoop Dreams Foundation. He was one of the U.S. Holocaust Museum’s founding donors, and has long supported the Seeds of Peace, the SEED Foundation, and the Jewish Youth Philanthropy Institute. Levenson and his wife started and support the Center for Philanthropy and Nonprofit Leadership. Started in 2010 and housed on the campus of the University of Maryland, the organization teaches students the skills necessary to run nonprofit organizations.
Levenson came into the consciousness of the general public in 2004 when he became a majority partner of the Atlanta Spirit group that purchased the Atlanta Hawks basketball team, Atlanta Thrashers ice hockey team, and operating rights to Phillips Arena for $250 million. Together with his business partners, Levenson hired a new coach and general manager and in the 2014-15 season the Atlanta Hawks won 60 games, the most in their history. Levenson and the Atlanta Spirit LLC sold the team for $850 million at the end of the season.