⬅ # 430 Terry Pegula|# 432 Carl Douglas

# 431 Marc Rowan 


Real Time Net Worth
as of 5/21/2024
$60.8M (0.91%)

# 431 Marc Rowan 


Real Time Net Worth
as of 5/21/2024
$60.8M (0.91%)
OccupationCofounder and CEO, Apollo Global Management
Source of WealthPrivate Equity
ResidenceNew York, New York
Marital StatusMarried
EducationBS, University of Pennsylvania; MBA, University of Pennsylvania, The Wharton School
Age-Adjusted Net Worth$6.21B
Marc Rowan
Marc Rowan
United States
Net worth: $6.64B

Self-Made Score 

Wealth History

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Early Life and Education

Marc Jeffrey Rowan was born on August 19, 1962, and raised in Long Island, New York.
He moved to Hollywood, Florida, where he attended high school.
Rowan's father worked in auto-leasing, while his mother was a teacher and concert pianist.
His grandfather, Emanuel Stein, was an economics professor at New York University.
Rowan pursued his education at the University of Pennsylvania, graduating summa cum laude from the Wharton School with both a B.S. and an MBA.
Facing financial constraints after his father's death, Rowan was allowed by the university to complete his studies and pay whenever feasible.


Rowan began his career at Drexel Burnham Lambert's mergers and acquisitions department, working in New York City and Los Angeles.
He co-founded Apollo Global Management in 1990 with Leon Black and Joshua Harris, former colleagues from Drexel Burnham Lambert.
After the collapse of Drexel Burnham Lambert in 1990, Rowan, Black, and Harris launched Apollo Global Management.
In July 2021, Rowan was appointed CEO of Apollo Global Management, succeeding Leon Black.
Under Rowan's leadership, Apollo Global Management went public in 2011.

Apollo Global Management Overview

Apollo Global Management, Inc. is an American asset management firm specializing in alternative assets.
Founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, former investment bankers at Drexel Burnham Lambert.
The company is headquartered in the Solow Building in New York City and operates offices globally.
As of 2022, Apollo managed $548 billion in assets, including investments in credit, private equity, and real assets.
Investment categories include mezzanine capital, hedge funds, non-performing loans, collateralized loan obligations, real estate, and infrastructure.
Apollo's clientele includes pension funds, financial endowments, sovereign wealth funds, and other institutional and individual investors.

Investment Portfolio and Notable Companies

Apollo's investment portfolio includes notable companies such as ADT Inc., CareerBuilder, Legendary Entertainment, Rackspace Technology, Sirius Satellite Radio, University of Phoenix, and Yahoo Inc.
The company invests across various sectors, including technology, media, telecommunications, and education.
Apollo has a diverse investment strategy, targeting middle-market companies with growth potential.

Apollo Investment Corporation (AIC)

In addition to private funds, Apollo operates Apollo Investment Corporation (AIC), a publicly traded, closed-end fund and Business Development Company.
AIC provides mezzanine debt, senior secured loans, and equity investments to middle-market companies.
While historically not investing in companies controlled by Apollo's private-equity funds, AIC targets a range of middle-market opportunities.

Personal Life and Philanthropy

Marc Rowan is married to Carolyn Pleva and resides in New York City.
He serves as the Chair of the Board of UJA-Federation of New York and is involved with various philanthropic endeavors.
Rowan is a founding member and Chair of the Youth Renewal Fund and Vice Chair of Darca schools.
He holds positions on the board of trustees of the University of Pennsylvania and the board of advisors of the Wharton School.
Rowan made significant donations, including a $50 million contribution to the Wharton School in October 2018.
In December 2023, Rowan led a campaign among University of Pennsylvania donors for the removal of then-President Liz Magill and Board of Trustees Chair Scott Bok, citing the university's response to antisemitism following the 2023 Hamas-led attack on Israel.

Political Affiliations and Contributions

Marc Rowan and his spouse contributed $1 million to Donald Trump's 2020 presidential campaign.
In December 2023, Rowan hosted a fundraiser for right-wing politician Virginia Foxx.

How long would it take you to become as rich as Marc Rowan?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Marc Rowan's net worth of $6.64B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Marc Rowan is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Marc Rowan, Private Equity is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey