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The Economic Times
The Economic Times
Trending Desk

He earned $3.10 an hour as a valet parker. Now he’s worth $11.1 billion and runs a trillion-dollar firm

Marc Rowan once spent his working days parking cars, driving vehicles between New York and Florida and working at a party goods store. He was earning the kind of wages associated with ordinary service jobs. Today, Rowan has an estimated net worth of $11.1 billion and leads Apollo, one of the world’s biggest alternative asset management firms, whose assets crossed $1 trillion earlier this year.

“I’ve had a lot of different jobs,” Rowan recently told iCapital CEO Lawrence Calcano during a podcast. “I was a valet parker at the Diplomat Hotel, now, the Shell Bay Golf Club. I would drive cars between New York and Florida for snowbirds, transporting their cars for the winter.”

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