Table: Marc Rowan Net Worth
| Category | Information |
|---|---|
| Net Worth | $6.5 billion |
| Salary | N/A |
| Birthdate | August 19, 1962 |
| Birthplace | N/A |
| Gender | Male |
| Height | N/A |
| Profession | American businessman, co-founder of Apollo Global Management |
| Nationality | American |
What is Marc Rowan’s Net Worth?
Marc Rowan, an American businessman, has a net worth of $6.5 billion. He earned his fortune as a co-founder of Apollo Global Management, a private equity firm that currently controls over $500 billion in assets under management. Marc owns 6.1% of Apollo’s common equity and has received at least $1.5 billion in cash distributions from share sales, dividends, and profit participation.
Highlights
– Marc Rowan has a net worth of $6.5 billion.
– He co-founded Apollo Global Management, a private equity firm with over $500 billion in assets under management.
– Marc owns 6.1% of Apollo’s common equity.
– He has received at least $1.5 billion in cash distributions from share sales, dividends, and profit participation.
Early Life
Marc Rowan was born on August 19, 1962. He graduated summa cum laude with a BS and MBA in business administration from the University of Pennsylvania’s Wharton School.
Career
After completing his education, Marc started his career working for the Mergers & Acquisitions Group of Drexel Burnham Lambert in New York City and Los Angeles. However, Drexel Burnham collapsed in 1990, leading to several people from the firm going to jail, including its infamous leader, Michael Milken.
Following the collapse, Marc teamed up with his former Drexel colleagues Joshua Harris, Antony Ressler, and Leon Black to found Apollo Global Management. The firm specializes in acquiring distressed businesses, fixing them, and selling them for a profit. Over the years, Apollo has made significant acquisitions and generated substantial growth in assets under management.
In June 2021, Marc succeeded Leon Black as CEO of Apollo Global Management.
Personal Life
Marc Rowan is married to Carolyn Pieva. They sold an oceanfront mansion in Southampton for $28.5 million and purchased a Manhattan co-op for $26 million. In 2018, Marc donated $50 million to his alma mater, the Wharton School.
Net Worth Over Time
Marc Rowan’s net worth has experienced significant growth throughout his career. As a co-founder and key executive of Apollo Global Management, he has amassed a fortune of $6.5 billion. His ownership stake in Apollo, combined with cash distributions from share sales, dividends, and profit participation, has contributed to his substantial net worth.
Components of Net Worth
Marc Rowan’s net worth primarily consists of his ownership stake in Apollo Global Management, which currently controls over $500 billion in assets under management. Additionally, he has received significant cash distributions from share sales, dividends, and profit participation. These components, combined with other investments and assets, contribute to his overall net worth of $6.5 billion.