Leon Black, 71, the billionaire co-founder of Apollo Global Management Inc, has been cleared of defamation allegations in a lawsuit filed against him by Guzel Ganieva, who had accused Black of r*pe, but vehemently denied the allegations and any inappropriate behavior towards her. Ganieva had made allegations of s*xual harassment and abuse by Black on Twitter. Forbes estimates Leon Black's net worth to be around $8.8 billionLeon Black, the co-founder of Apollo Global Management, a leading private equity firm managing over $500 billion in assets, made headlines when he resigned as CEO and chairman in March 2021. Following Drexel's bankruptcy in 1990, he, along with fellow billionaires Joshua Harris and Marc Rowan established Apollo Global Management. After Apollo Global Management went public in 2011, Leon Black continued to hold a 23% stake in the company.

Source: Forbes May 28, 2023 01:41 UTC