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Flickr/Dow Jones Events
Leon Black is the co-founder of Apollo Global Management, which has $12B worth of real estate in its portfolio.
Black got his start in the industry working on mergers and acquisitions for Drexel Burnham Lambert. When the firm went bankrupt in 1990, he co-founded Apollo, which faced its own M&A trials and tribulations in 2015. After more than a year arranging terms for a takeover of AR Global, a real estate asset manager, the deal fell through.
Black serves as a co-chairman at the Museum of Modern Art, though he does not have to make a trip there to view stunning works of art. In 2012, he made headlines for paying a reported $120M for Edvard Munch’s “The Scream,” the highest price for a painting at auction at that time. — Scott Klocksin
Next Richest in Real Estate
$3.9B
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Tishman Speyer Co-Founder and Former Senior Managing Director
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