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The Latest Breaking News from Marc Rowan

Planned Obsolescence

Plus: New York (the adult playground), almost to Mars, Elon Musk's sins, and more...

Reason

Trump To Announce Treasury Secretary Pick Tomorrow

President-elect Trump is finalizing his choice for Treasury Secretary after delays. Howard Lutnick's nomination for Commerce Secretary has cleared the way ...

Top News

If Trump appoints Apollo CEO Marc Rowan as Treasury Secretary, he'd have direct influence over $24 trillion private equity market

The billionaire founder would be just the latest top PE executive to wield power in aTrump White House.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Trump throws two more names into ring for treasury secretary after Musk’s favorite annoyed him

Howard Lutnick appears to have fallen down the pecking order for the cabinet role, according to sources

The Independent UK

Ten years after leaving Carlyle Churchill is making billions

Ken Kencel, a Drexel Burnham alum, is head of Churchill Asset Management, a leading direct lender.

Fortune

Intel stock rises on news of investment offer from Apollo

Apollo’s offer comes shortly after news that chipmaking rival Qualcomm has approached Intel to explore a friendly acquisition.

Fortune

22 CEOs who founded their Fortune 500 companies

From Mark Zuckerberg to Jack Dorsey, these are the executives who started their enterprises from scratch.

Fortune

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Who Says Private Equity Is Dead? Apollo Global Management Hits 67th 52-Week High.

Apollo Asset Management hit its 67th 52-week high on Tuesday. Its stock is up nearly 81% over the past year, suggesting that the demise of private equity is greatly exaggerated.

Barchart

Apollo CEO Marc Rowan has a secret side gig: ‘It took me a year to realize that I was in the restaurant business’

"I got into the restaurant business by accident," Rowan tells Fortune. "It all started because I like to build things."

Fortune

UPenn crisis deepens with calls growing for president to resign over Israel war row

Row comes after the University of Pennsylvania hosted the Palestine Writes Literary Festival last month

The Independent UK

Jon Huntsman pulls donations from UPenn in latest college row over Israel-Hamas war

The Huntsman family includes three generations of UPenn graduates and has donated at least $25,000 annually to Wharton in recent years

The Independent UK

Billionaire CEO demands UPenn leaders quit in antisemitism row

Marc Rowan made the demands after his alma mater hosted the Palestine Writes Literary Festival last month

The Independent UK

Billionaire Apollo CEO calls on University of Pennsylvania donors to send just $1 in protest until two leaders resign

Billionaire Marc Rowan, CEO of Apollo Global Management, has called for a change of management at the University of Pennsylvania.

Fortune

Leon Black's CEO successor has turned Apollo into a money-making machine

Apollo is generating some of the fattest current returns in alternative asset management.

Fortune

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Fortune

Apollo’s Marc Rowan actually paid attention in actuarial studies—and what he learned is helping turn his firm into a $1 trillion business

“I knew more than anyone else about insurance risks,” Rowan recalls of his first foray into the industry. His understanding of the market led him to marry the firm he founded to a profitable insurer.

Fortune

Apollo’s ‘golden age’: CEO Marc Rowan is already supercharging profits—and has a strategy to turn the Wall Street heavyweight into a $1 trillion business

“I don’t think I’ve discovered fire," Rowan says, sipping a barista cappuccino from a paper cup. "I think we’re just logically looking at trends, and we’ve picked a really, really big market that’s got the best future in the world of credit.”

Fortune

Meet the most powerful private equity investors from Blackstone, Vista Equity, and Apollo

Whether in their sixth decade or their third, these are some of the most powerful private equity investors in the U.S. And they have $1.5 trillion to invest.

Fortune

The most predicted recession ever maybe won’t happen. Get ready for the ‘asset class recession’

An asset class recession would hit at a uniquely vulnerable time, as the share of Americans invested in stocks hasn’t been so high since the Great Financial Crisis.

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news in one place.

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Fortune

The CEO of a massive private equity firm says he knows exactly what's going on with the 'non-recession' recession we're having right now

All the rules say the U.S. should be in recession, but a billionaire investor says it's being contained to the rich.

Fortune

Who’s responsible for JPMorgan’s $175 million acquisition of Frank, the fintech startup accused of fraud?

Several executives and investors played key roles in the acquisition of Frank, the fintech startup that JPMorgan is accusing of fabricating millions of users.

Fortune

How did JPMorgan fall for Frank? Several execs played a role in buying the $175 million startup that’s been accused of fraud

JPMorgan hoped to get a foothold in the fast-growing world of student loans. Instead, they got a huge headache.

Benzinga

M&A Activity Plunges In Echo Of Great Recession: Here's What Apollo Global Management Just Said About Its Latest Deal

The merger and acquisition market has slowed dramatically in recent months as market volatility and persistently high inflation has prompted dealmakers to take a more conservative approach to M&A.

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