Rank #492
Marc Rowan
Net worth $7.7B
Private equity · United States
- Born
- Aug 19, 1962
- Age
- 63
- Source
- Private equity
- Residence
- New York, New York
- Citizenship
- United States
- Marital status
- Separated
- Children
- 0
- Education
- Bachelor of Arts/Science, University of Pennsylvania; Master of Business Administration, University of Pennsylvania, The Wharton School
Net worth over time
Biography
- Marc Rowan is the CEO and a cofounder of Apollo Global Management, one of the biggest U.S. private equity firms, with $785 billion in assets.
- Rowan met Apollo cofounders Leon Black and Joshua Harris while working at investment bank Drexel Burnham Lambert's M&A division.
- The trio founded Apollo in 1990, after Drexel filed for bankruptcy following a cash shortage caused by turmoil in the junk bond market.
- Rowan and his cofounders took Apollo Global public in 2011.
- Rowan replaced Black as Apollo's CEO in 2021, after the latter stepped amid controversy surrounding his longtime relationship with sexual predator Jeffrey Epstein.
- Rowan owns several restaurants in the Hamptons, including Lulu Kitchen and Bar in Sag Harbor
- Rowan was an investor in headphones firm Beats Electronics, which was acquired by Apple in a $3 billion deal in 2014.
Financial assets
| Exchange | Ticker | Shares | Price |
|---|