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

Virtually all comes from dividends as Black skips bonus, carry
Median employee total compensation was $249,750, filing shows

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By Devin Banerjee and Melissa Mittelman

February 12, 2018 at 10:31 PM UTC

Updated on

February 12, 2018 at 11:58 PM UTC

This article is for subscribers only.

Apollo Global Management LLC’s Leon Black pocketed $191.3 million in 2017, 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, according to a regulatory filing Monday. The billionaire got $191 million in stock dividends from the New York-based alternative asset manager.