Who is Leon Black, the billionaire who bankrolled Jeffrey Epstein's second act? by lisettevoytko
CEO and chairman Leslie Wexner. But after Epstein was convicted of soliciting prostitution from an underage girl in 2008, however, thereported he was all but deserted by the elite scions of business and academia—including the loss of income he had earned as a financial advisor, despite having no college degree and only a few years of Wall Street experience. Black appears to be one of the few who continued to do business with Epstein.
It remains unclear how qualified Epstein was to provide financial services for Black, the 69-year-old chief executive and chairman of Apollo Global Management , a private equity colossus that manages over $400 billion in assets. He also serves as chairman of a variety of institutions, most notably the Museum of Modern Art. Black ranked #55 on this year’s400 in September, with a net worth of $8.7 billion. He’s been a mainstay on the list since 1999, when he was worth an estimated $500 million.
Since 1999, Black has increased his net worth a stunning 1,540%. Through his 23% stake in Apollo, he’s invested in a variety of industries, including retail , casinos and consumer packaged goods . Black’s personality in business was “politely” described by insiders as “aggressive,” according to afrom 2004, which concluded that “probably means he's just more shameless about some of the unsavory aspects of [investing].
Black has been facing questions about his dealings with Epstein ever since Epstein’s July 2019 arrest on federal sex trafficking charges. Less than two weeks before Epstein died by suicide, Black sentto Apollo employees saying that the firm has never done business with Epstein.
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