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September 11, 2026Short & citedBlog
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Money & Work • Finance

Leon Black

Leon David Black is an American private equity investor, billionaire businessman, and art collector.

Updated September 11, 20261 min readCited sources

Leon Black is an American private equity billionaire and co-founder of Apollo Global Management. He stepped down from his roles in 2021 after scrutiny over his ties to Jeffrey Epstein.

Who is Leon Black?

Leon David Black (born July 31, 1951) is a private equity investor, businessman, and art collector. He co-founded Apollo Global Management in 1990 and built it into one of the world's largest alternative asset managers. Bloomberg’s 2026 Billionaires Index estimated his net worth at about US$13.8 billion.

Apollo Global Management

Black co-founded Apollo with Marc Rowan and Josh Harris in 1990. The firm grew to manage assets across private equity, credit, real estate, and insurance. Black served as CEO until 2021, when he resigned amid revelations about his financial relationship with Jeffrey Epstein.

Controversy and resignation

In 2021, Black resigned from Apollo and the Museum of Modern Art after public scrutiny of his ties to Jeffrey Epstein. The controversy involved payments and business dealings that drew legal and media attention. He has since faced further scrutiny related to those connections.

In short

  • Co-founded Apollo Global Management in 1990.
  • Resigned as CEO in 2021 over Epstein ties.
  • Net worth estimated at US$13.8 billion (2026).
  • Married to Debra Black with four children.
Canadian angle

Leon Black is relevant to Canadian readers through global private equity and asset-management markets, where Apollo Global Management has major international investment activity. His business dealings and controversies have also been covered in Canadian business media because they affected a prominent global financier.

Quick questions

Who is Leon Black?
Leon Black is an American private equity investor and billionaire, best known as co-founder and former CEO of Apollo Global Management.
What is Leon Black's net worth?
Bloomberg’s 2026 Billionaires Index estimated his net worth at about US$13.8 billion.
Why did Leon Black resign from Apollo?
He resigned in 2021 after revelations about his financial relationship with Jeffrey Epstein.

Sources

  1. Wikipediahttps://en.wikipedia.org/wiki/Leon_Black
    Supports: Birth date, career summary, Apollo co-founding, resignation, and net worth estimate.
  2. Bloomberghttps://www.bloomberg.com/billionaires/profiles/leon-d-black/
    Supports: Net worth estimate, Apollo co-founding, and ownership stake information.
  3. Jewish Liveshttps://www.jewishlives.org/about-leon-black
    Supports: Biography, Apollo founding, and role in alternative asset management.
  4. Melanoma Research Alliancehttps://curemelanoma.org/mra-overview/board-of-directors/leon-black
    Supports: Marriage to Debra Black, philanthropy, Apollo role, and board/service information.
  5. Apple TVhttps://tv.apple.com/us/person/leon-black/umc.cpc.4ic66oanyskd66k6z87ix2li9
    Supports: Basic biography, Apollo co-founding, and resignation from Apollo and MoMA.
  6. The Guardianhttps://www.theguardian.com/us-news/ng-interactive/2026/may/06/jeffrey-epstein-leon-black
    Supports: 2026 age reference, Epstein-related scrutiny, and resignation context.