Leon Black
New York, New York
Bachelor of Arts/Science, Dartmouth College | Master of Business Administration, Harvard University
United States
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private equity, Self Made
$7,000,000,000
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#252 Billionaires 2019
#76 Forbes 400 2018
Leon Black is the cofounder, chairman and CEO of private equity behemoth Apollo Global Management, which manages $269 billion in assets.He 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 21% of the company. The firm set a record when it raised $24.6 billion for a new fund in 2017, the biggest ever for a private equity fund.
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 to the Melanoma Research Alliance.
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