A Brawl Between Billionaire Founders at Apollo Sidelines One of Its Own
Related Stories
May 26, 2021
May 20, 2021
May 4, 2021
Josh Harris made his failed pitch to take
Leon Black’s crown atop a $455 billion investing juggernaut, Black’s chosen heir is in charge and Harris is on the outs.
Josh Harris, Leon Black, and Marc Rowan Source: Patrick T. Fallon/Bloomberg
The behind-the-scenes drama between
Apollo Global Management Inc.’s billionaire co-founders keeps brewing, with ramifications for investors as the company reconfigures its governance this year. Publicly, Harris has endorsed the decision to elevate co-founder
Marc Rowan to chief executive officer. Privately, he’s being sidelined, even as he remains a “key man” in Apollo’s flagship fund meaning investments could stall without him.