Leon David Black ( born July 31, 1951 )
The life cycle 9
Important years of life
From 1977 to 1990, Leon Black was employed by investment bank Drexel Burnham Lambert, where he served as managing director, head of the Mergers & Acquisitions Group, and co-head of the Corporate Finance Department. In 1990, he co-founded, on the heels of the collapse of Drexel Burnham Lambert, the private equity firm Apollo Global Management. Notable founders included: John Hannan, Drexel’s former co-director of international finance; Craig Cogut, a lawyer who worked with Drexel’s high-yield division in Los Angeles; Arthur Bilger, the former head of the Drexel’s corporate finance department; Antony Ressler, who worked as a senior vice president in Drexel’s high yield department with responsibility for the new issue/syndicate desk; and Marc Rowan, Josh Harris and Michael Gross, who all worked under Black in the mergers and acquisitions department.
11.Jump up ^ Drexel’s Uncertain Future. New York Times, October 15, 1989
Black is married to Debra Ressler, a Broadway producer and sister of Apollo Global Management co-founder Antony Ressler.They have four children. Black’s wife is a melanoma survivor. In 2007, the couple donated $25 million to form the new Melanoma Research Alliance. They have committed to donating another $15 million over the next three years
In June 2016, a lawsuit over the Picasso sculpture Bust of a Woman between the advisory firm Pelham Europe and art gallery owner Larry Gagosian was settled. Pelham Europe, an agent for a member of Qatar’s royal family, and Gagosian, who had resold the bust to Leon Black, both claimed ownership. The case was settled by Maya Widmaier Picasso, the owner of the sculpture. The settlement included Leon Black getting the sculpture and Widmaier Picasso paying Pelham an undisclosed amount