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. A Buyer’s Guide to Getting a Certified Pre-Owned Cadillac. Additionally, Leon Black served the Museum as a Trustee from 2000 to 2015. The total of the donation was $48 million and it was to help in the construction of the new facility. 20 Things You Didn’t Know About Leon Black, 10 of the Most Clever Stock Ticker Symbols of 2016, How Virtual Reality Game Entropia Universe Plans To Create 3 Million Jobs, How Online Ticket Brokers are Scamming Millions of Dollars Using Bots, 10 Potential Scenarios For Life at the New DreamWorks Animation Studios, Steven Rothberg Shares The Secret to CollegeRecruiter.com’s Business Longevity, Dissecting the Multi Billion Dollar Business of Televangelism, How Virtual Reality Game Entropia Universe Plans …, How Online Ticket Brokers are Scamming Millions …, Steven Rothberg Shares The Secret to CollegeRecruiter.com’s …, The History of and Story Behind the New Balance Logo, The History of and Story Behind the NYU Logo, 10 Things You Didn’t Know About Paul J. In 1975, it was found that Eli M. was caught bribing the Honduran President Oswaldo Lopez Arellano so that he could export bananas at reduced taxes. Jeffrey Epstein was a member of the Leon Black Family Foundation. While at the company, he was regarded as Michael Milen’s right-hand man, and he earned the nickname “junk bond king. Other than Leon, the co-founders of Apollo included John Hannan, who was also the co-director of international finance at Drexel, along with other prominent personalities such as Craig Cogut, Arthur Bilger, Antony Ressier, Marc Rowan, Josh Harris and Michael Gross. He was accepted for admission to the prestigious Dartmouth College. [8] Black was regarded as "junk bond king" Michael Milken's right-hand man at Drexel. Leon David Black is an American businessman and the son of Eli Black who was a prominent Jewish businessman. There are rumors that they plan to add more to their collection under the Apollo umbrella. After graduating from high school, Leon pursued his college education. She no doubt, had an influence on Leon because he has a very expensive art collection of his own. In the next three years, they again donated a sum of $15 million for the same cause. [3][4] Black received a BA in Philosophy and History from Dartmouth College in 1973 and a MBA from Harvard University in 1975. He became a prominent businessman within the Jewish community. Apollo has been buying up television stations left and right, and they’ve spent billions to accomplish the task. wart on the bottom of Debra Black’s foot. Not everyone who had business dealings with Mr. Epstein was guilty of the same crimes but anyone who associated with him was immediately suspects. Eli Black was a businessman who emigrated from Poland and was the owner of United Brands Company. He married his wife Debra, and the couple has four children together. They support several worthy causes and organizations. He enrolled in philosophy and history courses and graduated with his bachelor’s in both disciplines in 1973. He immigrated to USA as a child and completed his Bachelors from Yeshiva University. He was a member of the Board of Trustees of Dartmouth College during the period 2002-2011. The pair now own a total of 29 stations which extend from Spokane, Washington to Boston, Massachusetts. Drexel served as the CEO and chairman of the company and the three men all became billionaires from their venture. [30], In June 2013, it was revealed that Leon Black had purchased Head of a Young Apostle, an 11-inch-wide (28 cm) work by Raphael for £29 million after a four-party bidding war. Black began his career as a managing director at Drexel Burnham Lambert which is an investment bank. This signaled a turning point in Black’s professional career and it was time for him to do something different. Leon Black’s love of art is no big secret. He was the owner of United Brands Company. Leon Black and his partners took their Apollo firm public, opening shares for purchase to raise funds within the last decade. Leon Black is married to Debra Black, who is a Broadway producer who’s won Tony awards for her work on … He is currently one of the richest men in the United States of America. Together, they have four children. He was married to an artist named Shirley Rubell. He specializes in leveraged buyouts and private equity. Leon David Black (born 1951) is an American investor and art collector. In the late 80s, after Drexel collapsed, he co-founded Apollo Global Management, a private equity firm. She was an artist. In fact, he is well-known for owning priceless works by some of the greatest artists of all time. With over 10 years experience he's covered businesses, CEOs, and investments. He still maintains a 23% stake of ownership in the company. [32] According to a press release from the Sotheby's auction house, the sale is "a new world auction record for any piece of Judaica. After the company became crippled with debt, he sold its interest at Foster Grant Inc. for $70 million. Leon and Debra both serve on the board of the organization. He acquired a fine art book publisher called Phaidon Press in 2012 which was purchased free and clear of Apollo.Leon Black has had his share of struggles and some very bad times in his life, particularly when his father committed suicide in 1975, the suspected response to allegations of wrongdoing in business deals involving his company UnitedBrands. Leon Black and his senior partner David Sambur have invested in a group of local television stations. He co-founded the private equity firm Apollo Global Management in 1990. His mother, Shirley Lubell (sister of Tulsa oil executive Benedict I. Lubell) was an artist. Leon and Debra Black give to charities that they believe in and they’re doing their part to help make the world a better place for us all. She is a Broadway Producer as well as a sibling of Antony Ressler, co-founder of Apollo Global Management. [16] They have four children. Debra and Leon Black have been Chairman’s Council members at The Metropolitan Museum of Art since 1999 and have made numerous gifts to the Museum’s curatorial and conservation departments in addition to supporting its programming. He is so passionate about his art collection that he once spent $120 million to own one of teh Edvarch Much paintings in the four versions of “The Scream” painting. He’s particularly skilled in private equity and leveraged buyouts. Leon Black was born in July 1951 to Eli M. Black and Shirley Lubell. He cares about his local community and is committed to sharing his time with organizations that benefit from his wisdom and advisement on running their operations. Here are 20 things we discovered that you probably didn’t know about Leon Black. In 2012 he acquired Phaidon Press, a fine art books publisher. He is also a member of the board of Faster Cures as well as serving the Port Authority Task Force. The Five Best Tag Heuer Diamond Watches Money Can Buy, Why You Should Consider Getting a Used Tag Heuer Watch, How Dua Lipa Achieved a Net Worth of $16 Million, How Blac Chyna Achieved a Net Worth of $4.3 Million, How Ree Drummond Achieved a Net Worth of $50 Million, How Russell Simmons Achieved a Net Worth of $340 Million. Debra Ressler. In 2007, the couple donated $25 million to form the new Melanoma Research Alliance. He then renamed the company to AMK and made it into a vehicle meant for acquisitions. [34], This article is about the businessman. He is also the co-founder of the private equity giant Apollo Global Management. He went on to attend college and graduate from some of the most prestigious institutions in the United States, then go out and build a successful career for himself at Drexel, learn some very important things about investment and equities, then establish his own company with partners. [20] In 2018, he was elected as the chairman of The Museum of Modern Art (MoMA) in New York City. Leon Black, the bigwig American investor and art collector, is the latest high profile figure to be dragged into the Jeffrey Epstein debacle. Debra is also a melanoma survivor. Who is Leon Black's wife, Debra Black? [25] In October 2020, Black requested that the Apollo board conduct an independent review of his relationship with Epstein, and it retained the law firm Dechert LLP to do so. They have made donations of support to a variety of medical, cultural and scholastic institutions. [7] From 1977 to 1990, 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. [7][21], Black said that he maintained a "limited relationship" relationship with Jeffrey Epstein. After completing his MBA from Harvard University, he went to work on the Wall Street in Drexel Burnham Lambert, an investment bank, as a managing director in mergers and acquisition. He joined them in 1977 and remained employed with the firm until 1990. Leon was born to Eli M. and Shirley Lubell Black. EIN: 13-3947890; Classification Private Grantmaking Foundations (Philanthropy, Voluntarism and Grantmaking Foundations) Nonprofit Tax Code ... or the prevention of cruelty to children … He is listed on the Forbes 400 list as number 63 for 2019. The closest that Leon Black has come to the scandal from what we were able to tell, is that he was associated in business with the late Jeffrey Epstein. His wife Debra was diagnosed with melanoma in 2007. Leon completed his BA in Philosophy and History from Dartmouth College in 1973. Due to this reason, the couple has also donated $25 million for the formation of Melanoma Research Alliance. Since that time the company’s stock has gone up 69.4 percent. He then went to Harvard University to complete his MBA in 1975. His business revolves around private equity and leveraged buyouts. For the basketball coach, see, the highest price ever paid for a work of art, History of private equity and venture capital, "The Museum of Modern Art Elects Leon D. Black Chairman of Board of Trustees; Ronnie Heyman is Elected President", "In Private Equity, the Limits of Apollo's Power", St. Petersburg Times: "Violent Death Contradicted Executives' Quiet Life" by Peter T. Kilbourne, "Apollo's Leon Black Donates $48 Million to Dartmouth", "Nobody Makes Money Like Apollo's Ruthless Founder Leon Black", "Bernard Arnault Receives MoMa's David Rockefeller Award", Ex-Drexel Executives Arrange Aid for Fruit of the Loom, New York Times: "Paid Notice: Deaths RESSLER, IRA RICHARD", Bloomberg: "Leon Black Loses to Carl Icahn as Apollo Sets New Credit Terms" By Anthony Effinger & Cristina Alesci, The 400 Richest Americans #160 Leon Black, Wall Street Journal: "Melanoma Survivor Seeks Cure" By LAURA LANDRO, "Billionaire Financier Leon Black Buys Art Publisher Phaidon", "Leon Black, Who Reportedly Wired Jeffrey Epstein Millions of Dollars, Says He Regrets "Any Involvement, "The Billionaire Who Stood by Jeffrey Epstein", "Wall Street billionaire Leon Black to investors: "I deeply regret" Epstein involvement", "WSJ News Exclusive | Apollo Board Panel to Review Leon Black's Ties With Jeffrey Epstein", "Apollo Board Will Review Leon Black's Ties to Jeffrey Epstein", "Leon Black Says 'I Deeply Regret' Involvement With Epstein", "Munch's "The Scream" Sold to Financier Leon Black", "Edvard Munch's The Scream to go on show in New York", "New York billionaire Leon Black's bid to take £29m Raphael from UK blocked by Ed Vaizey", "Daniel Bomberg's 16th-century printing of the Talmud sells for $9.3 mill", "Leon Black Wins Picasso's 'Bust of a Woman' as Legal Drama Ends", Billionaire Leon Black a tough negiotiator, https://en.wikipedia.org/w/index.php?title=Leon_Black&oldid=986651552, American chief executives of financial services companies, Private equity and venture capital investors, All Wikipedia articles written in American English, Short description is different from Wikidata, Wikipedia introduction cleanup from October 2020, Articles covered by WikiProject Wikify from October 2020, All articles covered by WikiProject Wikify, Creative Commons Attribution-ShareAlike License, Private equity investor and art collector, This page was last edited on 2 November 2020, at 04:55.

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