Leon Black Net Worth is$5.2 Billion
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Profession: Businessperson | Financier
Date of Birth: 1951
Nicknames: Leon D Black
Leon Black Net Worth: Leon Black is an American entrepreneur who has a net worth of $5.2 billion. Born Leon David Black in 1951, he serves as the Chairman of the Board, CEO and Director of Apollo Global Management, a private equity firm. Son of a prominent Jewish businessman Eli M. Black who owned the United Brand Company, Black started his career as Managing Director, Head of the Mergers & Acquisitions Group, and co-head of the Corporate Finance Department at Drexel Burnham Lambert Incorporated, a famous investment bank, from 1977 to its collapse in 1990. The same year, together with several colleagues, he founded Apollo Global Management, a company that specializes in leveraged buyout transactions and purchases of distressed securities involving corporate restructuring, industry consolidations, and special situations. A graduate of Dartmouth College, who also holds an MBA from Harvard University, Black has doubled the value of the company's shares in the past year, and the company paid out a record $1.32 dividend. He is also a trustee of Mt. Sinai Hospital, The Asia Society, The Museum of Modern Art, and The Metropolitan Museum of Art.
Leon David Black (born 1951) is an American businessman. He specializes in leveraged buyouts and private equity. He founded the private equity firm Apollo Global Management in 1990.

Black is a son of Eli M. Black (1921???1975), a prominent Jewish businessman who owned the United Brands Company who emigrated from Poland. His mother, Shirley Lubell, was an artist. In 1975, his father committed suicide by jumping from the 44th floor of the Pan Am Building in New York City. It was later made public that federal regulators were investigating allegations of bribery of Honduran government officials by United Brands.
Black received a BA in Philosophy and History from Dartmouth College in 1973, and served on the Board of Trustees of Dartmouth College from 2002 to 2011. He received an MBA from Harvard University in 1975.
From 1977 to 1990 Leon Black was employed by investment bank Drexel Burnham Lambert, where he served as managing director, head of the Mergers & Acquisitions Group, and co-head of the Corporate Finance Department. In 1990, he co-founded, on the heels of the collapse of Drexel Burnham Lambert, the private equity firm Apollo Global Management. Notable founders included: John Hannan, Drexel's former co-director of international finance; Craig Cogut, a lawyer who worked with Drexel's high-yield division in Los Angeles; and Arthur Bilger, the former head of the Drexel's corporate finance department; Antony Ressler, who worked as a senior vice president in Drexel's high yield department with responsibility for the new issue/syndicate desk; and Marc Rowan, Josh Harris and Michael Gross, who all worked under Black in the mergers and acquisitions department.
Black is married to Debra Ressler, a Broadway producer and sister of Apollo Global Management co-founder Antony Ressler. They have four children. Black's wife is a melanoma survivor. In 2007, the couple donated $25 million to form the new Melanoma Research Alliance. They have committed to donat

Leon Black Latest News

Billionaire Leon Black Is The Short Seller Killer Of 2016

As the stock market soared three years ago, Leon Black announced that his private equity firm, Apollo Global Management, was “selling everything that’s not nailed down.” But with the U.S. stock market hitting new highs in 2016, the buyout billionaire ...
Posted: September 8, 2016, 6:20 am

Leon Black’s Sell-Everything Call Has Been Heard by His Rivals

They sold $57 billion of assets in 284 sales in the second quarter, compared with $39 billion for stock sales, according to data compiled by Bloomberg. In an echo of Leon Black, Frank Maturo, vice chairman of equity capital markets at UBS AG, said ...
Posted: June 30, 2015, 9:17 pm

Picasso Sculpture in Dispute Goes to Leon Black; Rival Owner to Receive Compensation

The collector Leon Black is the legal victor in a dispute over the ownership of a famed Picasso sculpture and will take possession of it. On Wednesday, the parties who had been fighting over the plaster bust of the artist’s muse (and mistress) Marie ...
Posted: June 15, 2016, 7:46 am
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