Marc Rowan

Marc J. Rowan (born August 19, 1962)[2] is an American billionaire businessman and co-founder of the private equity firm Apollo Global Management.[3]

Marc Rowan
Born
Marc Rowan

1962 (age 58–59)
NationalityUnited States
Alma materWharton School of the University of Pennsylvania (BS & MBA)
OccupationInvestor, Philanthropist
Known forco-founder of private equity firm Apollo Global Management
Net worthUS$ 3.8 billion (January 2021)[1]
Spouse(s)Carolyn G. Pleva

Early life and education

Rowan was born to a Jewish family in 1962.[4] His mother Barbara was a teacher and a trained concert pianist.[5] He has one sister, Andrea.[6] Rowan graduated summa cum laude with a B.S. and an M.B.A. from the Wharton School of the University of Pennsylvania.[1]

Career

Rowan joined the Mergers & Acquisitions Group of Drexel Burnham Lambert[7] where he worked in New York City and Los Angeles.[8] In 1990, Rowan co-founded the private equity firm Apollo Global Management with former Drexel Burnham colleagues Leon Black and Joshua Harris.[1] The firm went public in March 2011.[9]

Philanthropy

He is a founding member and serves on the executive committee of the Youth Renewal Fund and is a member of the board of directors for the National Jewish Outreach Program, the New York Police Foundation and serves on the Board of Overseers of the University of Pennsylvania’s Wharton School of Business.[7] In October 2018, he donated $50 million to the Wharton School at the University of Pennsylvania, the largest single gift in Wharton’s history. The funds would be used to recruit three Rowan Distinguished Professors, appoint Rowan Fellows and support the Penn Wharton Budget Model.[10]

Personal life

Rowan is married to Carolyn G. Pleva[11][12] and lives in New York City.[1]

References
  1. "Marc Rowan". Forbes. Retrieved 2021-01-23.
  2. U.S. Public Records Index, Vols. 1 & 2 (Provo, UT: Ancestry.com Operations, Inc.), 2010.
  3. "Apollo's Marc Rowan Gives Wharton $50 Million for Professorships". Bloomberg. Retrieved 10 September 2019.
  4. 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"
  5. Miami Herald: "Barbara J. Rowan Obituary June 20, 2014
  6. New York Times: "BARBARA ROWAN Obituary" June 22, 2014
  7. Apollo Global Management website: Our Team - Marc Rowan retrieved July 7, 2013
  8. 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."
  9. Village Voice: "Mitt Loves N.Y.: Marc Rowan" By John Surico June 30, 2012
  10. "Apollo's Marc Rowan Gives Wharton $50 Million for Professorships". www.bloomberg.com. Retrieved 2019-02-01.
  11. New York Observer: "A Brutal Buy: Billionaire Marc Rowan Pays $26 M. for Brutalist Masterpiece at 927 Fifth" By Kim Velsey January 2, 2013
  12. New York Times: "Paid Notice: Deaths PLEVA, EUGENE May 17, 2011
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