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The Economic Times
The Economic Times

Jeffrey Epstein files: Who is Leon Black? Why is billionaire investor in trouble?

House Oversight Committee served subpoenas to billionaire investor Leon Black on Friday after lawmakers say he refused to answer some questions about his yearslong relationship with Jeffrey Epstein, a time in which he paid the disgraced financier at least $158 million. Black is the co-founder and former chief executive of the private equity firm Apollo Global Management who stepped down in 2021 amid fallout over his ties to Epstein. He became the 16th person to appear before the committee as part of their broader investigation into the web of wealth and influence around Epstein.

Lawmakers emerged from the closed-door voluntary interview with Black saying he refused to answer questions about non-disclosure agreements, prompting the committee to issue a subpoena about the NDAs. A second subpoena was issued for Black to testify under oath on July 16.

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