Marc Rowan Biography and Net Worth
Jessica Wood Who is Marc Rowan?
Marc Jeffrey Rowan is an American billionaire and a prominent private equity investor. He is best known as one of the co-founders of Apollo Global Management.
Bio Data
| Name | Marc Rowan |
| Gender | Male |
| Date of Birth | Aug 1962 |
| Age | 61 years old |
| Place of Birth | United States |
| Profession | Investor, Entrepreneur |
| Nationality | American |
| Net worth | $6.5 Billion |
Biography
Rowan was born in 1962 to a Jewish family, and his mother, Barbara, was both a teacher and a talented concert pianist. He has a sister named Andrea as well.
Rowan excelled in his studies, graduating with honors from the University of Pennsylvania’s Wharton School, and obtaining both a B.S. and an MBA.
Career
Marc co-founded Apollo Global Management with former colleagues Joshua Harris, Antony Ressler, and Leon Black in 1990. Apollo now manages assets totaling more than $500 billion. Marc takes over as CEO in June 2021, succeeding Leon Black.
Apollo makes investments in a variety of asset sectors, including private equity, credit, real estate, and infrastructure. ADT Security Services, Barnes & Noble, and the University of Phoenix are among the significant purchases.
Assets of the firm have increased from $10 billion in 1999 to $512.8 billion in 2022, owing to outstanding performance and development into new fields. Apollo went public in 2011 and is now trading on the NYSE under the ticker symbol “APO.”
Apollo’s strategy entails buying bankrupt firms, reviving them, and then selling them for a profit, a strategy called “distressed-to-control” or “loan-to-own.” Its business is divided into three divisions: credit, private equity, and real assets.
Apollo has made important acquisitions and transactions over the years, notably Innkeepers USA Trust in 2008 and McGraw-Hill Education in 2013. They purchased ADT in 2016, expanding their home security reach.
Net Worth
Marc Rowan is an American businessman and has an estimated net worth of $6.5 billion. He is a co-founder of Apollo Global Management, which manages $500 billion in assets.
Personal Life and Marital Status
Rowan is married to Carolyn Pleva. They live in New York City. He was a founding member of the Youth Renewal Fund and is now a member of its executive team.
Rowan also contributes to organizations such as the National Jewish Outreach Program and the New York Police Foundation. He is affiliated with the University of Pennsylvania and the Wharton School.
FAQs
Q: Who is Marc Jeffrey Rowan?
A: Marc Jeffrey Rowan is an American billionaire and a prominent private equity investor. He is best known as one of the co-founders of Apollo Global Management.
Q: When was Apollo Global Management Founded?
A: Apollo Global Management was founded in the year 1990 by Marc Rowan, along with his colleagues Joshua Harris and Leon Black.
Q: When did Marc Rowan become CEO of Apollo Global Management?
A: Marc Rowan took over as the CEO of Apollo Global Management in the year 2021. He succeeded Leon Black in this role.
