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Leon Black

Former CEO, Apollo Global

Search every verified Leon Black interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Leon Black, the chairman and CEO of Apollo Global Management, has discussed the firm’s investment strategy and market outlook in several public appearances. Black described Apollo’s approach as value-oriented, stating that the firm aims to buy good companies at low multiples and goes to “extraordinary extent not to lose money.” He noted that about 80% of Apollo’s capital is permanent or long-duration, which he said removes pressure to sell. Black also commented on the economic cycle, saying in 2019 that the U.S. was “10 years into an upcycle” and that “at some point, the music’s going to stop,” adding that a downturn might not occur until after the next election. He credited the Trump administration with extending economic growth and keeping inflation down. Black has also spoken about his philanthropic activities, which he said were inspired by his father, a former clergyman, and his mother, an artist. He said he supports cancer research, the arts, and a series of biographies on Jewish lives published with Yale University Press. Black described philanthropy as “very much here to stay” and said that a more robust economy would help it grow. He added that his training in private equity, which he described as a “portfolio approach,” influences his giving.

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