Leon Black

Leon Black is the cofounder of private equity behemoth Apollo Global Management, which manages over $470 billion in assets.Black stepped down as Apollo's CEO and chairman in March 2021 after a board investigation found that he paid $158 million in fees to Jeffrey Epstein.He spent much of his early career at investment bank Drexel Burnham Lambert, where he eventually headed the mergers and acquisitions group.After Drexel filed for bankruptcy in 1990, Black founded Apollo with colleagues Joshua Harris and Marc Rowan, both of whom are billionaires.Apollo went public in 2011; Black still owns roughly 23% of the company.