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The Latest Breaking News from Marc Rowan

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 went from earning $3.10 an hour as a valet parker and taking other ordinary jobs to becoming the CEO of Apollo, a trillion-dollar asset management firm, with an estimated net worth of $11.1 billion.

The Economic Times

Apollo CEO has a $11.1 billion net worth today—but he started out with a series of hospitality jobs, from valet parking to working in a party store

Just like other CEOs, Marc Rowan, the cofounder of Apollo Global Management, says “you have to take something away from” ordinary jobs.

Fortune

Apollo: Private Markets' Next Growth Phase Just Beginning as AI, Retirement, Investment-Grade Credit Expand Market

Apollo Global Management (NYSE:APO) says the private markets industry is entering a new phase of growth that extends well beyond traditional private equity and direct lending, as demand for artificial intelligence infrastructure financing, investment-grade private credit and retirement products reshapes the sector.

Benzinga

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Apollo Global debt deal fees and insurance earnings rise, asset sales drag

Apollo Global Management has posted unprecedented fees from its lending and insurance sectors, though asset sales fell short, resulting in a stock price decline. The company wisely postponed certain divestitures in response to market conditions, while notching up quarterly records in both fee-related and spread earnings. With an upcoming focus…

The Economic Times

A Wharton alumnus gave $50 million to support the teachers behind tomorrow’s business leaders

In 2018, Marc and Carolyn Rowan donated $50 million to Wharton, focusing on enhancing teaching, research, and leadership development rather than physical expansion. This significant investment aimed to strengthen the school's intellectual resources and attract distinguished faculty, underscoring a commitment to long-term academic influence and the core of its institutional…

The Times of India

Who has joined Trump’s board of peace – and what power will it have?

Trump seems to envision the ‘board of peace’ with a far broader scope beyond Gaza

The Independent UK

Netanyahu, Putin and the Pope: Who has been invited to Trump’s Gaza ‘Board of Peace’?

Russian president Vladimir Putin and the Pope considering invitations to join

The Independent UK

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White House releases names of board members tasked with temporary governance of Gaza

The White House has released the names of some of members of various boards who will play a role in guiding Gaza through the next steps of the ceasefire deal between Hamas and Israel, brokered by Trump in October.

Euronews

Students and faculty at over 100 US universities protest against Trump’s attacks

Student, national and local groups across US organized day of action to condemn Trump’s assault on academic freedom

The Guardian - US

The 5 biggest global business rivalries to watch, and how their outcomes will shape the future

Breaking down the competition in AI, energy, EVs, and more.

Fortune

KKR ranks as top alternative asset manager in Fortune 500

Blackstone, the biggest alternative asset manager, ranks 321th in the Fortune 500.

Fortune

Jury rules startup founder Charlie Javice guilty of defrauding JPMorgan Chase

Javice deceived the bank about how many customers her startup had. She will be sentenced in coming weeks.

Fortune

Planned Obsolescence

Plus: New York (the adult playground), almost to Mars, Elon Musk's sins, and more...

Reason

Trump To Announce Treasury Secretary Pick Tomorrow

President-elect Trump is finalizing his choice for Treasury Secretary after delays. Howard Lutnick's nomination for Commerce Secretary has cleared the way ...

Top News

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Fortune

If Trump appoints Apollo CEO Marc Rowan as Treasury Secretary, he'd have direct influence over $24 trillion private equity market

The billionaire founder would be just the latest top PE executive to wield power in aTrump White House.

The Independent UK

Trump throws two more names into ring for treasury secretary after Musk’s favorite annoyed him

Howard Lutnick appears to have fallen down the pecking order for the cabinet role, according to sources

Fortune

Ten years after leaving Carlyle Churchill is making billions

Ken Kencel, a Drexel Burnham alum, is head of Churchill Asset Management, a leading direct lender.

Fortune

Intel stock rises on news of investment offer from Apollo

Apollo’s offer comes shortly after news that chipmaking rival Qualcomm has approached Intel to explore a friendly acquisition.

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Fortune

22 CEOs who founded their Fortune 500 companies

From Mark Zuckerberg to Jack Dorsey, these are the executives who started their enterprises from scratch.

Barchart

Who Says Private Equity Is Dead? Apollo Global Management Hits 67th 52-Week High.

Apollo Asset Management hit its 67th 52-week high on Tuesday. Its stock is up nearly 81% over the past year, suggesting that the demise of private equity is greatly exaggerated.

Fortune

Apollo CEO Marc Rowan has a secret side gig: ‘It took me a year to realize that I was in the restaurant business’

"I got into the restaurant business by accident," Rowan tells Fortune. "It all started because I like to build things."

The Independent UK

UPenn crisis deepens with calls growing for president to resign over Israel war row

Row comes after the University of Pennsylvania hosted the Palestine Writes Literary Festival last month

The Independent UK

Jon Huntsman pulls donations from UPenn in latest college row over Israel-Hamas war

The Huntsman family includes three generations of UPenn graduates and has donated at least $25,000 annually to Wharton in recent years

The Independent UK

Billionaire CEO demands UPenn leaders quit in antisemitism row

Marc Rowan made the demands after his alma mater hosted the Palestine Writes Literary Festival last month

Fortune

Billionaire Apollo CEO calls on University of Pennsylvania donors to send just $1 in protest until two leaders resign

Billionaire Marc Rowan, CEO of Apollo Global Management, has called for a change of management at the University of Pennsylvania.

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