Great Business Stories

Leon Black: Master of the Universe Undone


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Black made billions with junk bonds, complex financial engineering, buying bankrupt companies and turning them around- he was aggressive, ruthless and very good at what he did.

He was Michael Milken’s right hand man. After Milken went to jail, Black built Apollo - an asset manager overseeing $850 billion. He bought the painting The Scream for $120 million. And now he’s forced to explain why he paid Jeffrey Epstein $158 million —after Epstein had served jail time.

It’s a cracking episode—enjoy.


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Great Business StoriesBy Caemin