Co-Founder of Private Equity Firm Earned $142.5 Million in 2016
Leon Black, the co-founder and Chief Executive of private equity firm Apollo Global Management LLC collected $142.5 million in dividends, gains from the firm’s investments and renumeration for 2016. The majority of his earnings came from the dividends paid on his 92.7 million shares of Apollo.
“The firm paid out $1.42 a share, an increase from $1.38 last year. This tallied to a $131.7 million payout for the CEO in 2016.”
~ Wall Street Journal
The firm paid out $1.42 a share, an increase from $1.38 last year. This tallied to a $131.7 million payout for the CEO in 2016. Firms such as KKR & Co and Blackstone Group compensates them largely on the firms’ ability to make money for their investors. Leon Black made the same $100,000 per annum salary in 2016 since its public offering in 2011.
Related Reports: Wall Street Journal
About Apollo Global Management
Apollo Global Management, LLC and its subsidiaries (“Apollo”) is a leading global alternative investment manager. We are contrarian, value-oriented investors in private equity, credit and real estate, with significant distressed expertise. We operate our businesses in an integrated manner which we believe distinguishes us from other alternative investment managers. We have applied this investment philosophy over our 26-year history, deploying capital across the balance sheet of industry leading businesses, and seeking to create value for our investors throughout economic cycles.
Visit: Apollo Global Management
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