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Billionaire investor Leon Black steps down from Apollo Global Management after investigation

Billionaire investor Leon Black who was accused of paying Jeffrey Epstein $75million for 'professional services' has stepped down from his position as the chief executive officer of Apollo Global Management after an internal investigation

By VALERIE EDWARDS

FOR DAILYMAIL.COM

Billionaire investor Leon Black, who was accused of paying Jeffrey Epstein $75million for ‘professional services’ said Thursday that he’s stepping down as CEO of Apollo Global Management after an internal investigation found that he paid the financier $148million in advisory fees.

The company announced Monday that Black had informed the board of directors that ‘he will retire as CEO effective on or before July 31, 2021 consistent with best-in-class governance practices’. Black will be succeeded by Marc Rowan.

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https://www.dailymail.co.uk/news/article-9186269/Billionaire-investor-Leon-Black-stepping-CEO-Apollo-Global-Management.html

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