Marc Rowan
Born (1962-08-19) August 19, 1962 (age 61)
EducationUniversity of Pennsylvania (BS, MBA)
Occupations
Known forCo-founder and CEO, Apollo Global Management
SpouseCarolyn Pleva

Marc Jeffrey Rowan (born August 19, 1962)[1] is an American billionaire private equity investor. He co-founded Apollo Global Management in 1990 with Josh Harris and Leon Black and took over as CEO in 2021.

Early life and education

Rowan was born in 1962.[2] He is Jewish.[2] He was raised in Long Island, New York.[3] He moved with his family to Hollywood, Florida where he attended high school.[3] His father worked in auto-leasing.[3] His mother Barbara was a teacher and a trained concert pianist.[4] He has one sister, Andrea.[5] His grandfather, Emanuel Stein, was an economics professor at New York University.[3]

Rowan studied at the University of Pennsylvania. When his father passed away and the family could not afford to pay tuition, the university allowed Rowan to complete his studies and pay whenever he was able.[3] Rowan graduated summa cum laude with a B.S. and an MBA from the Wharton School of the University of Pennsylvania.[6]

Career

Rowan joined the mergers and acquisitions department of Drexel Burnham Lambert[3] where he worked in New York City and Los Angeles.[7] The firm collapsed in 1990.[3]

In 1990, Rowan co-founded the private equity firm Apollo Global Management with former Drexel colleagues Leon Black and Josh Harris.[6] He was promoted as CEO in July 2021 after Black stepped down from the role after it was discovered he had paid convicted sex offender Jeffrey Epstein $158 million for advice on tax and estate planning between 2012 and 2017.[8]

Personal life

Rowan is married to Carolyn Pleva[9][10] and lives in New York City.[6] Rowan is Chair of the Board of UJA-Federation of New York.[11] He is a founding member and Chair of the Youth Renewal Fund[12] and is Vice Chair of Darca.[13]

Rowan is on the board of trustees of the University of Pennsylvania and the board of advisors of the Wharton School.[14] In October 2018, he donated $50 million to the Wharton School.[15] In December 2023, Rowan led a campaign among University of Pennsylvania donors to have University of Pennsylvania President Liz Magill fired over what he saw as the university's insufficient response to anti-semitism.[16][3] That same month, Rowan hosted a fundraiser for right-wing politician Virginia Foxx.[16][17]

References

  1. ^ U.S. Public Records Index, Vols. 1 & 2 (Provo, UT: Ancestry.com Operations, Inc.), 2010.
  2. ^ a b Jewish Enrichment Center: Marc Rowan Guest Speaker May 19, 2009 - minute 57:40| "I go to the non-Israel part of the Middle East around six times a year..it is evident to all that I am Jewish...and my Palestinian friends all know that I am Jewish and a supporter of Israel"
  3. ^ a b c d e f g h Ensign, Rachel Louise (2023-12-23). "The Billionaire Donor Taking On His Alma Mater Over Antisemitism". WSJ.
  4. ^ Miami Herald: "Barbara J. Rowan Obituary June 20, 2014
  5. ^ New York Times: "BARBARA ROWAN Obituary" June 22, 2014
  6. ^ a b c "Forbes Profile: Marc Rowan". Forbes. Retrieved 2021-07-01.
  7. ^ Jewish Enrichment Center: Marc Rowan Guest Speaker May 19, 2009 - minute 55:30 | "I worked directly for Dennis Levine, who went to jail...and then went to work for Marty Siegel who also went to jail...I then moved out to California to work for Mike Milken who also went to jail.. There are so many ethical dilemmas you are presented with over your career...the choices you make just determine who you are over time...I read these stories...the Morgan Stanley analysts who did this...did they not understand they are destroying their lives."
  8. ^ Oguh, Chibuike. "Apollo's Rowan says accepted CEO role 'for the opportunity'". Reuters. Retrieved 28 June 2023.
  9. ^ New York Observer: "A Brutal Buy: Billionaire Marc Rowan Pays $26 M. for Brutalist Masterpiece at 927 Fifth" By Kim Velsey January 2, 2013
  10. ^ New York Times: "Paid Notice: Deaths PLEVA, EUGENE May 17, 2011
  11. ^ "Our Leadership". UJA-Federation of New York. Retrieved 2023-10-26.
  12. ^ "Youth Renewal Fund Board". Youth Renewal Fund. Retrieved 2023-10-26.
  13. ^ "Board of Directors". Darca. Retrieved 2023-10-26.
  14. ^ Apollo Global Management website: Our Team - Marc Rowan retrieved July 7, 2013
  15. ^ "Apollo's Marc Rowan Gives Wharton $50 Million for Professorships". Bloomberg. 2 October 2018. Retrieved 2019-02-01.
  16. ^ a b Bunch, Jesse (2023-12-21). "Penn donors are hosting a fundraiser for the representative who called on Magill to testify". Philadelphia Inquirer.
  17. ^ Mitovich, Jared (2023-12-23). "Critical Penn donors to host fundraiser for House Republican who brought Magill before Congress". www.thedp.com.

External links

Apollo Global Management
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