In addition to his fortune, he was recognized for his donations to different causes, although his legacy is marked by scandals.
Leon Black He is a prominent businessman and co-founder of Apollo Global Management. With a career started in Drexel Burnham Lambertthe American built his wealth and consolidated his influence in the financial field, becoming a key figure in the sector.
However, his legacy has been tarnished by his links to Jeffrey Epsteina case that has generated controversy and important changes in his professional career. Despite these scandals, Black remains one of the most prominent figures in the world of finance.
Who is Leon Black
Leon Black, born July 31, 1951, is an influential American investor and businessman. Co-founder of Apollo Global Management, one of the largest private investment funds in the world, the billionaire has had a career that has placed him among the most powerful men in the financial sector. Throughout his career, he has been known for both his business prowess and his strategic investments, which have contributed to the growth of Apollo, which he manages. assets of more than 650 billion dollars.
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Before founding the brilliant company in 1990 with Marc Rowan and Joshua Harris, Black spent his career at the investment bank Drexel Burnham Lambertwhere he played a key role in structuring mergers and acquisitions. Following Drexel’s bankruptcy in 1990, his ability to operate in high-risk markets led him to establish an empire in Apollo, which went public in 2011. Today, he owns approximately 15% of the company.
Leon Black and his relationship with Jeffry Epstein
In 2021, the Black’s relationship with Jeffrey Epsteinthe infamous financier accused of child sex traffickingbecame a topic of controversy that deeply affected his career. It was revealed that the businessman had paid the aforementioned advisor up to $158 million for tax advice and estate planning between 2012 and 2017. These transactions were the subject of a internal investigation at Apollo Global Managementwhich led the investor to resign as CEO and president of the firm.
The connection with the American sex offender not only altered the public image of Black, but also involved him in a series of legal scandals. In 2023, he settled a $62.5 million settlement with the US Virgin Islands to avoid lawsuits related to the estate left by the infamous financier. Despite this, the figure from the world of finance has reiterated that he deeply regrets his relationship with Epstein, although he has not admitted direct responsibility for his crimes.
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What is Leon Black’s net worth?
Despite the scandals that have marked his career, the businessman’s assets remain impressive. According to Forbes, his fortune reaches 17 billion dollarswhich places it between the most influential billionaires in the world.
With an educational background that includes a bachelor’s degree from Dartmouth College and an MBA from Harvard University, Black has managed to stay relevant in the financial sector, despite the legal challenges he faced in recent years. Additionally, his wealth continues to be supported by his significant stake in Apollo Global Management and his other investments in real estate and art, such as the acquisition of valuable works and a significant private collection.
Source: Ambito
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