Leon Black

$5.3 Billion
private equity, Self Made
New York, NY
Marital Status
United States
Bachelor of Arts / Science, Dartmouth College; Master of Business Administration, Harvard University
Self Made Score
Description :

Dividends are offering a thick cushion for Leon Black, founder of Apollo Global Management. The stock may be sliding--the first large drop since its 2011 IPO--but Black regularly collects nine-digit sums from the company's payouts. He collected more than $200 million alone in 2014. (The year before he brought in a half billion plus.) At Apollo Black has helped attract more than $50 billion in fresh assets since June 2013, which the company put into some high-profile buyouts. That includes joining up with billionaire Dean Metropoulos to resuscitate bankrupt Hostess, the Twinkie maker. Black's first crack at investing came when his father died and left him $75,000 in life insurance, which he used to trade commodities while he was at Harvard Business School. His career took off at Drexel Burnham Lambert, where he became the M&A chief. When Drexel folded in scandal, he struck out with Harris and Rowan to start Apollo. True to his family background (mom was an artist, aunt a gallery owner), he has an immense art collection and paid $120 million for Edvard Munch's "The Scream" and $48 million for a Raphael drawing in 2012. He and his wife Debra, a Broadway producer and Melanoma survivor, have also given millions to the Melanoma Research Alliance.

Be the first to comment.
Give your details
reload captcha

Enter valid Captcha

All Rights Reserved (Terms of Use)   Developed & Managed By (BizBilla.com)