Apollo's Leon Black Takes Home $191.3 Million Payout in 2017

• February 12 2018
• Devin Banerjee

Apollo Global Management LLC’s Leon Black took home $191.3 million last year, up 45 percent from the previous year.

Apollo Global Management LLC’s Leon Black took home $191.3 million last year, up 45 percent from the previous year.

Black, Apollo’s co-founder and chief executive officer, received $251,888 in salary and other compensation such as personal use of company-provided cars in 2017, according to a regulatory filing Monday. The billionaire got $191 million in stock dividends from the New York-based alternative asset manager.

Unlike executives at peers Blackstone Group LP and Carlyle Group LP, Black collects the same per-share dividend as public shareholders. He takes a $100,000 salary, no bonus and no carried interest, which is a cut of deal profits.

Black’s payout compares with $131.9 million in 2016 and $128.2 million the previous year. The 66-year-old has a net worth of about $5.9 billion, according to the Bloomberg Billionaires Index.