Quick Facts
PiscesBiography
James Joseph Pallotta (born March 13, 1958) is an American billionaire businessman. In 2009, he founded Raptor Group, a private investment company. Prior to forming Raptor, Pallotta was vice chairman at Tudor Investment Corporation. He is co-owner andchairman of the Italian football club A.S. Roma; co-owner and executive board member of the National Basketball Association's Boston Celtics, and co-owner of esports franchise Fnatic.
Early life
Pallotta was born in 1958 in Boston to a mother from Canosa di Puglia, Apulia and a father from Calabria, Italy. 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. Pallotta earned an BA at University of Massachusetts Amherst and an MBA at Northeastern University.
Professional background
Raptor Group
Pallotta founded Raptor Group, a private investment company with offices in Boston, New York City, Miami, London, and Abu Dhabi. Raptor focuses on various industries includingsports, 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.
In August 2012, Pallotta became the chairman of club, succeeding Thomas R. DiBenedetto, and becoming the 23rd in the club's history.
In December 2019, Pallotta was in final negotiations to sell the team for $872 million, to US businessman Dan Friedkin.
Tudor Investment Corporation
Prior to Raptor Group, Pallotta was a vice chairman and partner at Tudor Investment Corporation.
Initiatives
Pallotta is a member of the board of trustees for the Santa Fe Institute and the Board of Trustees for Northeastern University. Pallotta serves on the Board of Directors for New Profit Inc. as well as the Board of Advisors for Tulco, LLC. He is also a member of the Advisory Council for the MIT Media Lab and the External Advisory Committee for the Center for Brains, Minds and Machines (CBMM) at MIT.