From the bestselling author of House of Cards and Power Feeler, comes the sweeping story of a powerful and controversial financial empire, set against the turbulent backdrop of a rapidly changing Wall Street.On March 22, 2021, Leon Black, the flamboyant and venerable billionaire founder of Apollo Global Management, resigned. For more than three decades, Apollo has embodied the new Wall Street, pioneering private equity and private credit, delivering impressive returns through bold acquisitions and smart, off-the-beaten-path bets. But her strongest character would eventually be brought down by his misjudgments, including his friendship and business relationship with accused child molester Jeffrey Epstein.And his love affair with a Russian woman who was trying to blackmail him.
The path to this disaster began much earlier. When Drexel Burnham Lambert collapsed amid the junk bond crisis of the late 1980s, Apollo rose from its ashes, led by Leon Black, a protégé of Michael Milken, a young dealmaker. His financial genius and relentless determination were a reflection of his father, the famous Wall Street tycoon whose life ended in horrific scandal and unbelievable tragedy. Black's inherited appetite was drivenTo risk it to take Apollo to great heights, leading to his resounding fall from power.
With exclusive access to Apollo's top dealmakers and those who know them best, *Money to Burn* delivers a gripping saga of extreme wealth, fierce rivalries, and public scandal. In an engaging narrative style and accurate reporting, William D. Cohan on the power struggles, betrayals, and court battles that fueled Apollo's meteoric rise, and how one man's arrogance and extravagance changed the course of...Global financial major.
