Apollo CEO to Step Down, Paid Epstein $158M to Fund His Lifestyle

Leon Black, chief executive and chairman of Apollo Global Management, one of the world’s biggest private equity firms, is stepping down from his role as chief executive after it was revealed that he paid $158 million to convicted sex offender Jeffrey Epstein. On Monday (January 25), Black released a statement, which reads, “I have advised the Apollo board that I will retire as C.E.O. on or before my 70th birthday in July and remain as chairman.” An internal investigation ordered by the firm’s board at Mr. Black’s behest in October…

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