Marc J. Rowan (born August 19, 1962) is an American billionaire

private equity investor In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a typ ...

. He is co-founder and CEO of Apollo Global Management.

Early life and education

Rowan was born to a

Jewish Jews ( he, יְהוּדִים, , ) or Jewish people are an ethnoreligious group and nation originating from the Israelites Israelite origins and kingdom: "The first act in the long drama of Jewish history is the age of the Israelites""The ...

family in 1962. His mother Barbara was a teacher and a trained concert pianist. He has one sister, Andrea. Rowan graduated ''

summa cum laude Latin honors are a system of Latin phrases used in some colleges and universities to indicate the level of distinction with which an academic degree has been earned. The system is primarily used in the United States. It is also used in some So ...

'' with a B.S. and an M.B.A. from the

Wharton School The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a private Ivy League research university in ...

of the

University of Pennsylvania The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universit ...

Career

Rowan joined the Mergers & Acquisitions Group of

Drexel Burnham Lambert Drexel Burnham Lambert was an American multinational investment bank that was forced into bankruptcy in 1990 due to its involvement in illegal activities in the junk bond market, driven by senior executive Michael Milken. At its height, it was ...

Apollo Global Management website: Our Team - Marc Rowan
retrieved July 7, 2013 where he worked in

New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the U ...

and

Los Angeles Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the wor ...

. In 1990, Rowan co-founded the private equity firm Apollo Global Management with former Drexel Burnham colleagues

Leon Black Leon David Black (born July 31, 1951) is an American investor and the co-founder and former-CEO of the private equity firm Apollo Global Management. Black also served as the chairman of The Museum of Modern Art (MoMA) in New York City from J ...

and Joshua Harris. The firm went public in March 2011.

Philanthropy

He is a founding member and serves on the executive committee of the

Youth Renewal Fund Youth is the time of life when one is young. The word, youth, can also mean the time between childhood and adulthood ( maturity), but it can also refer to one's peak, in terms of health or the period of life known as being a young adult. Yout ...

and is a member of the board of directors for the National Jewish Outreach Program, the

New York Police Foundation The New York City Police Foundation was established in 1971 by business and civic leaders as a nonprofit tax-exempt charity that could raise money to spend on projects supporting NYPD reform and modernization efforts as well as helping improve its ...

and serves on the board of trustees of the

and the board of advisors of the

of the University of Pennsylvania. In October 2018, he donated $50 million to the Wharton School, 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.

Personal life

Rowan is married to Carolyn G. PlevaNew York Times: "Paid Notice: Deaths PLEVA, EUGENE
May 17, 2011 and lives in

References

{{DEFAULTSORT:Rowan, Marc American investors 20th-century American Jews Living people American billionaires Wharton School of the University of Pennsylvania alumni Drexel Burnham Lambert Apollo Global Management people 1962 births 21st-century American Jews