Marc Rowan
Overview
- Source of Wealth
- Private equity
- Industry
- Finance & Investments
- Residence
- New York, New York
- Education
- University of Pennsylvania (Bachelor of Arts/Science)University of Pennsylvania, The Wharton School (Master of Business Administration)
- Marital Status
- Separated
Assets
- Apollo Global Management34,333,000 shares @ --APO-US
Biography
Marc Rowan is the CEO and a cofounder of Apollo Global Management, one of the biggest U.S. private equity firms, with $785 billion in assets.
Rowan met Apollo cofounders Leon Black and Joshua Harris while working at investment bank Drexel Burnham Lambert's M&A division.
The trio founded Apollo in 1990, after Drexel filed for bankruptcy following a cash shortage caused by turmoil in the junk bond market.
Rowan and his cofounders took Apollo Global public in 2011.
Rowan replaced Black as Apollo's CEO in 2021, after the latter stepped amid controversy surrounding his longtime relationship with sexual predator Jeffrey Epstein.
About
Rowan owns several restaurants in the Hamptons, including Lulu Kitchen and Bar in Sag Harbor
Rowan was an investor in headphones firm Beats Electronics, which was acquired by Apple in a $3 billion deal in 2014.