| Leon D. Black | |
|---|---|
| Born | 1951 |
| Nationality | United States |
| Education | Dartmouth College Harvard Business School |
| Occupation | Private equity investor |
| Employer | Apollo Management, formerly Drexel Burnham Lambert |
| Known for | Founder of Apollo Management |
| Net worth | US$3.5 billion (2011)[1] |
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 and committed suicide when caught paying bribes to the President of Honduras. Leon founded the private equity firm Apollo Management in 1990, which today manages in excess of $US20 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.[2] 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 an AB from Dartmouth College in 1973, and currently serves on the Board of Trustees of Dartmouth College. He received an MBA from Harvard University in 1975. He is married and has four children.[3]
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