Official statement from Apollo Global Management

Apollo CEO Marc Rowan Considered for Treasury Secretary, Impacting $24 Trillion Market

Nov 20, 2024, 04:55 AM

Apollo CEO Marc Rowan is being considered for the position of Treasury Secretary in the Trump administration. Rowan, who owns 6% of Apollo and has a net worth of approximately $10 billion, has been a significant figure in the private equity market, particularly in private-credit investments. If appointed, Rowan would have direct influence over regulations affecting the private equity industry, which could benefit the $24 trillion market. His potential appointment raises questions about his continued role at Apollo and the impact on the company's strategic direction. The news was reported by Fortune Magazine, and Yahoo Finance recently interviewed Rowan about his views on the Trump economy and the business of retirement.