Bruce Levenson on time.com is best known for being co-owner of the NBA team Atlanta Hawks, but Levenson has accomplished so much more in his life before his days as a basketball team owner. Levenson began his career as a journalist and wrote for the Washington Star and Observer Publishing. Levenson’s first business endeavor began in 1977 when he co-founded United Communications Group (UCG) with business partner Ed Peskowitz. UCG began publishing newsletters in regards to the oil industry. UCG was a small company that was managed out of Levenson’s apartment. As UCG began growing, the company turned into a data information company that focuses on everything from healthcare to technology to mortgage banking.
In 2004 Levenson and his business partner from UCG, Ed Peskowitz, became majority owners of the NBA team Atlanta Hawks, Phillips Arena and former NHL team Atlanta Thrashers. The purchase for all three entities totaled $250 million. Levenson and his business partners sold the Thrashers in 2011 for $170 million. Levenson sold the Atlanta Hawks to billionaire, Anthony Ressler, and his team of investors which include retired NBA player Grant Hill. Ressler and his group purchased the team from Levenson in 2015 for $850 million.
Levenson is currently the director of TechTarget, which is a trading company that acts as a crossing for technology investors. Levenson is also a co-owner of GasBuddy, which is an app to assist people with finding the lowest gas prices in their area. GasBuddy was developed by Levenson’s United Communications Group. Currently the mobile app is being used by over 45 million people. Levenson is obviously a big fan of technology that focuses on making people’s daily tasks more cost and time efficient, which led him to co-found DOT. DOT is a state-of-the-art cooking device that conveniently toasts bread in three seconds.
It is clear that Levenson is a successful businessman and entrepreneur, but that should not overshadow the philanthropy work he has incorporated in his life for the past 40 years. Just to name a few of Levenson’s philanthropic organizations which include; Bringing Lessons Home, “I Have A Dream,” PeacePlayers and the Seed School. Aside from Levenson’s personal organizations, Levenson along with his wife, Karen, also started the Center for Philanthropy and Non- Profit Management at the University of Maryland. The Center is focused on giving the next generation the knowledge they need to carry out philanthropic lives, which is a passion of Levenson’s.
Bruce Levenson is a successful businessman and philanthropist who has put hard work and dedication into the technology field and non-profit organizations for the past 40 years, and he does not show any signs of slowing down in the near future.