Leon David Black (born 1951) is an American businessman and money manager, with a focus on leveraged buyouts and private equity. He is a son of Eli M. Black (1921–1975), a prominent businessman who controlled the United Brands Company. Leon founded the private equity firm Apollo Global Management in 1990, which today manages an estimated US$100 billion.
From 1977 to 1990 Leon Black was employed by investment bank Drexel Burnham Lambert, where he ...
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Leon David Black (born 1951) is an American businessman and money manager, with a focus on leveraged buyouts and private equity. He is a son of Eli M. Black (1921–1975), a prominent businessman who controlled the United Brands Company. Leon founded the private equity firm Apollo Global Management in 1990, which today manages an estimated US$100 billion.
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. His estimated net worth as of 2011 of $3.5 billion, after rebounding from its drop to $1 billion in the market crash of 2008, as Apollo shares and other holdings plummeted in value.
Black received a AB 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. He is married and has four children.
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