Leon Black Net Worth
Leon Black Net Worth: Leon Black is an American entrepreneur who has a net worth of $5.4 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.