Marc Rowan is a prominent figure in the world of finance and investment. As the co-founder and CEO of Apollo Global Management, one of the largest private equity firms in the United States, Rowan has made a significant impact on the industry.
In this article, we will delve into Marc Rowan Net Worth in 2023, his early life, career achievements, personal life, and answer some frequently asked questions about him.
Quick Facts
| Full Name | Marc Rowan |
| Popular Name | Marc Rowan |
| Gender | Male |
| Birth Date | August 19, 1962 |
| Age | 60 years |
| Parents | Barbara (Mother) |
| Siblings | N/A |
| Birth Place | Long Beach, New York |
| Nationality | American |
| Ethnicity | Jewish |
| Education | Wharton School of the University of Pennsylvania |
| Marital Status | Married |
| Sexual Orientation | N/A |
| Wife/Spouse | Carolyn Pleva |
| Children | N/A |
| Dating | N/A |
| Net Worth | At least $428 million dollars |
| Source of Wealth | Apollo Global Management Inc. |
What is Marc Rowan Net Worth and Salary in 2023?
As of 2023, Marc Rowan’s estimated net worth is at least $428 million dollars. He is the Senior Managing Director and 10% owner of Apollo Global Management Inc. Additionally, Rowan owns approximately 4,550,853 shares of Apollo Global Management Inc (APO) stock, which is worth over $371 million.
Why is Marc Rowan Famous?
Marc Rowan gained fame and recognition through his role as the CEO and co-founder of Apollo Global Management. Under his leadership, the firm has experienced tremendous success and growth, becoming one of the most influential players in the private equity industry. Rowan’s expertise and strategic vision have contributed to the firm’s profitability and reputation.
Marc Rowan Overview
Early Life
Born on August 19, 1962, in Long Beach, New York, Marc Rowan grew up in a Jewish family. His mother, Barbara, was a teacher and trained concert pianist. Rowan graduated summa cum laude from the Wharton School of the University of Pennsylvania, where he earned both a B.S. and an MBA degree.
Career
Marc Rowan is a renowned figure in the world of finance, known for his significant contributions as a private equity investor. Rowan co-founded Apollo Global Management in 1990 alongside Josh Harris and Leon Black. He took over as CEO in 2021, marking a new era for the company.
Rowan’s career began at Drexel Burnham Lambert, where he worked in the mergers and acquisitions department. After Drexel went under, he branched out to create Apollo Global Management. He owns approximately 4,550,853 shares of Apollo Global Management Inc (APO) stock, valued at over $371 million.
Under Rowan’s leadership, Apollo Global Management has seen significant growth and diversification. The firm has expanded beyond its private equity roots into high-growth arenas like private credit and insurance. This shift in focus has led to Apollo being viewed more as an alternative asset management company rather than just a private equity firm.
Rowan’s influence extends beyond Apollo Global Management. He also serves on the boards of directors of Athene Holding Ltd. and Athora Holding Ltd. In addition to his corporate roles, Rowan is a property owner, with holdings in surf-friendly Montauk and Sag Harbor, acquired for about $30 million.
Throughout its history, Apollo has been involved in a number of notable acquisitions and sales. It paid $1.5 billion for the real estate investment trust (REIT) Innkeepers USA Trust in 2008.
In 2013, the corporation paid $2.5 billion for the education company McGraw-Hill Education, which it eventually sold to private equity firm Platinum Equity in 2020.
In 2016, Apollo also purchased ADT, a home security firm, and integrated it with another security company named Protection 1, expanding its security reach.
In recent news, Rowan has been working to change Apollo’s image from a ruthless private equity firm to a more diversified and inclusive company. This transformation has been dubbed the Marc Rowan Era and has seen the firm venture into new areas such as direct lending and structured credit.
Despite the challenges posed by higher interest rates and an uncertain US economy, Rowan remains optimistic about Apollo’s future.
Personal Life
Marc Rowan is married to Carolyn Pleva and resides in New York City. He is actively involved in philanthropy and has supported various causes, including undergraduate and MBA programs at Wharton School. Rowan is also a founding member of the Youth Renewal Fund and serves on the executive committee.
Additionally, he is a member of the board of directors for the National Jewish Outreach Program and the New York Police Foundation. Rowan’s dedication to giving back to the community is evident through his generous donations and involvement in charitable organizations.
FAQs about Marc Rowan
Is Marc Rowan successful?
Yes, Marc Rowan is considered one of the most successful individuals in the finance industry. He has been listed on the Forbes 400 list and has made significant contributions to Apollo Global Management’s growth and profitability.
What is Marc Rowan’s role at Apollo Global Management?
Marc Rowan is the CEO and co-founder of Apollo Global Management. He took over as CEO in 2021, following the departure of Leon Black.
How much did Marc Rowan donate to the Wharton School?
In October 2018, Marc Rowan donated $50 million to the Wharton School, demonstrating his commitment to education and supporting future business leaders.
What is Joshua Harris (businessman) net worth?
As of 2023, He had a net worth of 6.6 billion USD
Conclusion
As the CEO and co-founder of Apollo Global Management, Rowan has played a pivotal role in shaping the financial landscape. His strategic vision, leadership, and philanthropic efforts have made him a respected figure in the industry. Through his achievements and contributions, Marc Rowan continues to leave a lasting impact on the world of finance. Thank you for reading.
Read more: Mike Vranos net worth
