Early Life and Education
Marc Jeffrey Rowan was born on August 19, 1962. He was raised on Long Island, New York, and later moved to Florida. Rowan's father worked in auto-leasing, while his mother was a teacher and concert pianist. His grandfather, Emanuel Stein, was an economics professor at New York University. Facing financial constraints after his father's death, Rowan was allowed by the University of Pennsylvania to complete his studies and pay whenever feasible.
Career
Rowan began his career in the mergers and acquisitions department at Drexel Burnham Lambert, working in New York City and Los Angeles. After Drexel filed for bankruptcy in 1990, Rowan, along with Leon Black and Joshua Harris, co-founded Apollo Global Management. Apollo went public in 2011. Rowan was appointed CEO in July 2021, succeeding Leon Black.
Key Business Strategies
Under Rowan's leadership, Apollo has expanded and diversified its investment strategies. Apollo is now a leading global alternative investment manager. With a focus on yield, hybrid, and equity strategies, Apollo serves institutional and individual investors. Rowan has set an ambitious goal to elevate the firm's assets under management (AUM) to an unprecedented $1 trillion, focusing on private debt and alternative assets.
Philanthropy
Rowan is an active philanthropist. He is chair of the UJA-Federation of New York, a founding member and chair of the Youth Renewal Fund, and vice chair of Darca Schools. In 2018, Rowan donated $50 million to the Wharton School. He also donated $1 million to the Western Wall Heritage Foundation in 2013.