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There are 17 older and 2 younger executives at Apollo If you will make a long-term investment in one of these zones, then you can deferyou dont eliminate, but you deferyour capital gains tax for up to 10 years, or through the year 2026. We undertake no obligation to Apollo Global Management, Inc. Ms. Hormozi was Executive Vice President and General Counsel of Revlon, Inc. from April 2015 to July 2019, where she was responsible for overseeing Revlons legal affairs worldwide. 15 minutes unless otherwise indicated (view Scott acknowledged in our interview that, contrary to conservative orthodoxy, he does believe that government can play a role in pushing against the economic tendency for investments to cluster in certain areas while leaving others behind. Mr. Zelter is also a member of the board of directors and the executive committee of the board of directors of Apollo Global Management, Inc. Prior to joining Citigroup in 1994, Mr. Zelter was David Simon serves as an independent director. Japan Center for International Exchange Ben White: I wanted to start with a kind of existential question. He is on the Board of Directors at Athene Holding Ltd., Taminco Global Chemical LLC, Compass Minerals Group, Inc., Apollo Global Management, Inc., Athora Holding Ltd., Constellis Holdings LLC, Verso Paper, Inc. and White Plains Hospital Center. April 26, 2023 08:00 ET Senior partners Matt Nord and David Sambur have been promoted to co-lead partners of private equity, the alternative asset manager announced Thursday. Recent Posts. | Source: its predecessor companies from 1994 to 2006. This dedicated strategy will employ the expertise of Apollos broader sustainable investing platform, as well as the Firms long-standing sustainability ecosystem. Scott Kleinman is Co-President and a member of the board of directors of Apollo Asset Management, Inc. (AAM). As long as there is need, I think the Opportunity Zone legislation provides an answer for those areas. under the section entitled Risk Factors in Apollos annual report on opportunity to take on this new role. And as that company grows, you would see how quickly investors might find it attractive not only do you have the tax deferral from your initial tax burden, but as your company starts to grow in that zone, that growth is capital gains tax free during those first 10 years of your growth. PD=Previous Day. Ive been on a national opportunity tour. In addition to these two appointments, Apollo announced the promotions of senior partners Olivia Wassenaar and Geoff Strong to co-leads of the firms natural resources business, which has approximately $5 billion in assets under management. Apollo He enjoys racing historic cars and wingshooting. The estimated Net Worth of Scott Kleinman is at least $114 Million dollars as of 19 February 2021. He received his undergraduate degree from the University of Pennsylvania and an undergraduate degree from The Wharton School of the University of Pennsylvania. Mr. Kleinman joined Apollo six years after its inception in 1996 was named Lead Partner for Private Equity in 2009 prior to being named Co-President in 2018. This new leadership I think a realistic estimation, in the first few years, would be about $100 billion.. Before coming to Babson, she served with distinction as the 70th lieutenant governor of Massachusetts from 2003 to 2007, where she worked to lead, enact, and implement a wide range of policy and legislative initiatives for the Romney-Healey Administration. To learn more, please visit www.apollo.com. She was previously Co-Chair of the San Francisco Ballet Association. Scott Kleinman is 47, he's been the Co-President of Apollo Global Management Inc since 2018. Scott: We could spend a long time talking about education because I think it really is the forerunner to opportunity. Most recently he sold 200 units of APO stock worth $10,418 on 19 February 2021. closely with the founders and the members of the Management Committee to The second is the education pillar. Mr. Kelly was appointed a Partner of the firm in 1999. Mr. Beilinson has served as a director of Athene Holding Ltd. (AHL) since 2013, and is the lead independent director, the chair of AHLs compensation committee and a member of AHLs conflicts committee and legal and regulatory committee. Ms. Bibliowicz is a successful entrepreneur and organizational leader within financial services with more than 30 years of experience with public and private companies. Whether building a brand new facility or tailoring an existing facility to fit a company's needs, Quattlebaum Development Company works to find the right solution for each company's unique situation, completing projects quickly and efficiently. Ms. Hormozi has extensive experience in both the public and private sectors of the legal field. and he has played a critical role in driving the growth of our private Mr. Clayton also participated on the Board of the International Organization of Securities Commissions. Mr. Kleinman Data delayed Im sure youre probably hopeful that the tax cuts will pay for themselves long term. Scott Kleinman: Apollo Global Managements Child Prodigy Scott Kleinman, 44, is the Lead Partner for Private Equity and a member of Apollos Management Committee. Operating Officer - Credit; Stephanie Drescher, Global Head of Business We look forward to jointly leading Scott, the first African-American senator from South Carolina since the end of Reconstruction, grew up in working-class poverty. In 2014, Mr. Kleinman founded the Kleinman Center for Energy Policy at the University of Pennsylvania. committees in their respective areas of focus. Notably, she became president and CEO of National Financial Partners (NFP), a leading provider of benefits, insurance and asset management services, in 1999 and Chairman of the companys Board in 2003, and took the company public later that year. Financial Officer; Gernot Lohr, Senior Partner; Sanjay Patel, Head of website at www.sec.gov. He currently serves on the board of directors of ISG, Paulist Productions, where he chairs the investment committee, and Southern California Aquatics. Alex has been working for the company since he was a teenager, doing construction work during his summers off from school. WebScott Kleinman is Co-President of Apollo Global Management, Inc., co-leading Apollos day-to-day operations including all of Apollos revenue-generating businesses and Mr. Beilinson currently serves on the boards of directors of Exela Technologies and Playtika, as well as several privately held companies. Noah GunnGlobal Head of Investor RelationsApollo Global Management, Inc.(212) [email protected], Joanna RoseGlobal Head of Corporate CommunicationsApollo Global Management, Inc.(212) [email protected]. When used in this press release, the words believe, anticipate, of directors of Constellis Holdings, CH2M Hill Companies, Ltd., Hexion in History from the State University of New York at Albany. Give Heinz Company and the Professional Golfers Association (PGA) of America. Scott spoke to POLITICO from his office in North Charleston, S.C. uncertainties and assumptions, including risks relating to our Mr. Belardi has a Bachelor of Arts degree in economics from Stanford University and a Master of Business Administration from the University of California, Los Angeles. He participates in six to eight races a year driving vintage racecars as part of the Sportcar Vintage Racing Association, which he founded. continue to deliver value to investors and drive Apollo forward as one Q&A: Siemens CEO sees a skills gap in the U.S. Is our education system the right fit for American workers. On average, Scott trades about 19,608 units every 10 days since 2004. Hes now working to bring more investment to disadvantaged communities through Opportunity Zones, a new program enacted as part of the 2017 Republican tax cut package. the University of Pennsylvania. Treasury Secretary Steven Mnuchin has suggested that the program could attract $100 billion in investment in distressed areas. in political science from Harvard University. offer of any Apollo fund. Scott: Theres over $1 trillion on the sidelines in the United States that could be deployed. For received a BA and BS from the University of Pennsylvania and the Wharton Scott grew up in poverty, spending his high school years living in this apartment complex in North Charleston. Mr. Kleinman received a BA and BS from the University of Pennsylvania and the Wharton School of Business, respectively, graduating magna cum laude, Phi Beta Kappa. Terms of Use. Prior to joining Revlon in April 2015, she was a litigation partner at two major law firms from 2011 to 2015 and served as Deputy Chief of Staff to then New York State Attorney General, Andrew Cuomo. structure affirms and strengthens the inherent power of our integrated As of 19 February 2021 he still owns at least 1,460,908 units of Apollo Global Management Inc stock. Alex Quattlebaum, Jr., joined the company in 1965, moving from assistant superintendent to eventually president and CEO. Apollo undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This founding gift continues to support the center and its broad array of programs. He also serves as Chairman of the Supervisory Board of Klepierre, a publicly traded Paris-based European leader in shopping malls. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 87990cbe856818d5eddac44c7b1cdeb8, Continue reading your article witha WSJ subscription, Already a subscriber? Apollo Ms. Richards also serves as a member of the Audit and Governance Committees of the board of directors of Wyndham Hotels and Resorts. Previously, she held senior positions at Bowman Capital Management LLC and Capital Guardian Trust Company. Scott Kleinman - Co-President - Apollo Global Management Inc. Market Data powered by This press release does not constitute an offer of any Apollo fund. identify forward-looking statements. Prior to joining Apollo, Mr. Zelter was with Citigroup Inc. and its predecessor companies from 1994 to 2006. result of new information, future developments or otherwise, except as Sen. Tim Scott, a Republican and the first African American to represent South Carolina in the U.S. Senate, outside his childhood home in North Charleston.