Rank #222
Leon Black
Net worth $13.4B
Private equity · United States
- Born
- Jul 31, 1951
- Age
- 74
- Source
- Private equity
- Residence
- New York, New York
- Citizenship
- United States
- Marital status
- Married
- Children
- 4
- Education
- Bachelor of Arts/Science, Dartmouth College; Master of Business Administration, Harvard University
Net worth over time
Biography
- Leon Black is the cofounder of private equity behemoth Apollo Global Management, which manages $785 billion in assets.
- Black stepped down as Apollo's CEO and chairman in 2021 after a board investigation found that he paid $158 million in fees to Jeffrey Epstein. A further investigation upped the sum to $170 million.
- Black spent much of his early career at investment bank Drexel Burnham Lambert, where he eventually headed the mergers and acquisitions group.
- After Drexel filed for bankruptcy in 1990, Black founded Apollo with colleagues Joshua Harris and Marc Rowan, both of whom are billionaires.
- Apollo went public in 2011; Black still owns roughly 7% of the company's shares.
- An avid art collector, Black spent $120 million in 2012 for one of four versions of Edvard Munch's painting "The Scream."
- Black and his wife, Debra, a melanoma survivor, have given millions of dollars to the Melanoma Research Alliance.
Financial assets
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