Leon Black - Net Worth, Age, Height, Birthday, Bio, Wiki!

Explore Leon Black net worth, age, height, bio, birthday, wiki, and salary! In this article, we will discover how old is Leon Black? Who is Leon Black dating now & how much money does Leon Black have?

Leon Black Biography

Leon Black is one of the most popular and richest Financier who was born on July 31, 1951 in Manhattan, New York, United States.

Leon David Black (born 1951) is an American investor and art collector. He specializes in leveraged buyouts and private equity. He founded the private equity firm Apollo Global Management in 1990. He is the chairman of MoMa.

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. Black was regarded as “junk bond king” Michael Milken’s right-hand man at Drexel. 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; 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 a son of Eli M. Black (1921–1975), a prominent Jewish businessman who emigrated from Poland and was best known for owning the United Brands Company. His mother, Shirley Lubell (sister of Tulsa oil executive Benedict I. Lubell) was an artist. In 1975, his father committed suicide by jumping out of the 44th floor of the Pan Am Building in New York City. It was later made public that, at the time, federal regulators were investigating allegations that United Brands was bribing Honduran government officials. Black received a BA in Philosophy and History from Dartmouth College in 1973 and a MBA from Harvard University in 1975. He served on the Board of Trustees of Dartmouth College from 2002 to 2011. In 2012 Black gave US$48 million toward a new visual arts center at Dartmouth College.

Leon Black Net Worth

Net Worth: As of 2021, Leon Black has an estimated net worth of 9.8 billion USD. His wealth comes primarily from his successful career in the private equity investment sector. He is the co-founder of Apollo Global Management, an organization known for its high-profile acquisitions and investments. Black’s wealth is invested in various sectors including real estate, art, and publishing– having acquired Phaidon Press, a well-respected fine art books publishing house. When compared to similar profiles in the financier sector, Black is near the top echelon of the wealthiest individuals.

Career and Financial Growth: Black’s career and financial milestones show an impressive trajectory, rising from an accountant, to the managing director of Drexel Burnham Lambert, to co-founding Apollo Global Management in 1990. Over the years, Apollo Global Management played a crucial role in wealth accumulation, managing billions of dollars in assets and making prominent investments in companies across various sectors. Black’s reputation as a prominent financier was also bolstered by his savvy personal investments including acquisition of high profile art pieces.

Source of net worth: The principal source of Leon Black’s net worth has been his role as a leading financier. A major part of his wealth came from Apollo Global Management, the private equity firm he co-founded which grew to manage assets worth hundreds of billions of dollars. Also, Black has been involved in real estate investments, the purchase of a major publishing house, and has an impressive art collection. There is no notable record of endorsements and sponsorships linked to Black.

Personal Projects and Ventures: Outside of his primary profession as a financier, Leon Black has made his mark in the art world. Not simply as a collector, but he served as the chairman of the Museum of Modern Art from 2018 to 2021. He has also ventured into book publishing with the acquisition of Phaidon Press in 2012.

Philanthropy: Leon Black and his wife Debra have made significant contributions to The Melanoma Research Alliance. They founded the alliance in 2007 following Mrs. Black’s victorious battle with melanoma. That, coupled with Black’s significant donations towards educational and art institutions such as Dartmouth College and The Museum of Modern Art, are testament to his philanthropic efforts.

Recent Developments: Black stepped down as CEO and Chairman of Apollo Global Management in 2021, following an internal investigation into his professional relationship with Jeffrey Epstein. Although his net worth remains substantial, the overall value of his assets may be affected by potential legal and reputational repercussions arising from both this relationship and subsequent litigation. The current economic trends, especially COVID-19 pandemics, may also influence his future net worth.

In June 2013, it was revealed that Leon Black had purchased Head of a Young Apostle, an 11-inch-wide (28 cm) work by Raphael for £29 million after a four-party bidding war.

On December 22, 2015, it was reported that Leon Black purchased at auction a complete set of the Daniel Bomberg Babylonian Talmud for $9.3 million. According to a press release from the Sotheby’s auction house, the sale is “a new world auction record for any piece of Judaica.”

Ethnicity, religion & political views

Many peoples want to know what is Leon Black ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, Leon Black's ethnicity is Not Known. We will update Leon Black's religion & political views in this article. Please check the article again after few days.

Two months after the May 2012 anonymous purchase of one of four versions of Edvard Munch’s The Scream, The Wall Street Journal reported that Black had been the one who had paid $119.9 million for the pastel, the highest price ever paid for a work of art at auction as of that time. In September 2012, The Museum of Modern Art announced the painting would go on view for a six-month period starting in October.

Who is Leon Black Dating?

According to our records, Leon Black married to Debra Black. As of January 13, 2024, Leon Black’s is not dating anyone.

In June 2016, a lawsuit over the Picasso sculpture Bust of a Woman (Marie-Thérèse) between the advisory firm Pelham Europe and art gallery owner Larry Gagosian was settled. Pelham Europe, an agent for a member of Qatar’s royal family, and Gagosian, who had resold the bust to Leon Black, both claimed ownership. The case was settled by Maya Widmaier-Picasso, the owner of the sculpture. The settlement included Leon Black getting the sculpture and Widmaier Picasso paying Pelham an undisclosed amount.

Height, Weight & Body Measurements

Leon Black height Not available right now. Leon weight Not Known & body measurements will update soon.

Black is married to Debra Ressler, a Broadway producer and sister of Ares 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 donating another $15 million over the next three years. Leon and Debra both serve on the board of the organization. In 2012 he acquired Phaidon Press, a fine art books publisher. Apollo Global Management had no role in the purchase. It was an investment Black made privately.

Facts & Trivia

Leon Ranked on the list of most popular Financier. Also ranked in the elit list of famous people born in United States. Leon Black celebrates birthday on July 31 of every year.

Is Leon Black still at Apollo?

It was a year when longtime CEO and chairman Leon Black stepped down from Apollo after an investigation into his payment of more than $150 million to Jeffrey Epstein during the 2010s. Black’s departure sparked a scramble for power between fellow cofounders Marc Rowan and Josh Harris.

What is Leon Black salary?

Who is Leon Black children?

The Blacks have three sons, Benjamin, Joshua, and Alexander (’11), and a daughter, Victoria. Benjamin, who attended Dartmouth for a year and received his BA from the University of Pennsylvania in 2007, worked as an analyst at Goldman Sachs before enrolling in the joint JD/MBA program at Harvard University.

How old is Leon Black?

70 years (July 31, 1951)

Who is Leon Black's wife?

Debra Black

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