Latest news with #LeonBlack
Bloomberg
02-06-2025
- Business
- Bloomberg
Leon Black's Son Reveals $219 Million of Assets in Ethics Filing
The son of private equity billionaire Leon Black has disclosed hundreds of millions of dollars of personal wealth as he awaits confirmation to lead an obscure federal agency. Ben Black, President Donald Trump's surprise pick to run the US International Development Finance Corp., reported assets worth at least $219 million, according to a disclosure with the US Office of Government Ethics. They include art, memorabilia and rare books valued at $6.5 million, as well as investments in a comic book publisher, a company that's developing a speed-dating app and Rally Labs, the maker of Blowfish hangover-relief products.
Bloomberg
22-05-2025
- Business
- Bloomberg
Leon Black's Son Looks to Prove Himself in Washington
Ben Black has no formal experience working in Washington and a limited Wall Street resume. Yet the son of billionaire Apollo Global Management Inc. co-founder Leon Black is now set to run an agency with a growing role in White House policy — the US International Development Finance Corp. The surprise pick by President Donald Trump is tasked with bringing a new approach to the DFC: bigger risks, higher returns and more ambitious deals with major Wall Street investors.
Zawya
19-05-2025
- Business
- Zawya
U.S. family offices head to Abu Dhabi following Trump's visit, strengthening cross-border investment ties
Dubai, UAE – A growing number of U.S. family offices are turning their attention to Abu Dhabi, spurred by high-level diplomatic engagement and transformative investment initiatives. This shift follows U.S. President Donald Trump's recent visit to the UAE, where he met with His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, to discuss deepening cooperation in strategic sectors such as artificial intelligence, semiconductors, energy, and advanced manufacturing. Trump's visit builds on the momentum generated by the UAE's landmark $1.4 trillion investment strategy, announced in March 2025, targeting U.S. industries over the next decade. This unprecedented capital commitment is drawing significant interest from America's ultra-high-net-worth families, who increasingly view Abu Dhabi as a gateway for long-term, cross-border investment. High-profile names like Leon Black and Ray Dalio have already established family offices in the Emirate, attracted by Abu Dhabi's ascent as a global hub for finance, innovation, and alternative investments. Family enterprises are central to the UAE's economy, contributing approximately 60% of GDP and employing 80% of the national workforce. Family offices in the region are evolving from traditional structures into powerful investment platforms—partnering with the public sector to drive growth in infrastructure, sustainability, and frontier technologies. One of the leading platforms accelerating this East-West convergence is the Family Office Summit, which has gained significant traction since launching in Abu Dhabi in 2023. The December 2024 edition marked early U.S. family office participation, including a keynote from Dillon Lawson-Johnson, a next-generation member of the Guggenheim family. Speaking during his first visit to the UAE, Lawson-Johnson shared his interest in Abu Dhabi as a strategic base for expanding his family's global business interests and highlighted their ongoing construction of their famous museum in the city. The upcoming summit, taking place on May 29, 2025, will explore the distinctions between family holdings and family offices—two often-confused structures with complementary strengths. The agenda will also delve into cross-border investment strategies and collaborative wealth platforms. 'Family holdings are common in the UAE, typically comprising multiple operating companies across diverse sectors,' said Obediah Ayton, Chairman of the Family Office Summit. 'However, they often lack the flexibility of a modern family office, which is structured around long-term capital preservation, diversification, and alternative asset strategies. The U.S. model has evolved significantly in this space—something the UAE can learn from as it modernizes its approach to wealth stewardship.' This year's summit will feature high-impact panels and closed-door sessions addressing: Next-Gen Family Office Disruptors – How rising leaders are transforming the family office model through bold bets in tech, venture capital, and emerging industries. Women and Wealth – Highlighting the growing role of female leadership in driving governance, impact investing, and legacy planning. With Abu Dhabi cementing its role as a premier destination for global wealth management, the Family Office Summit offers a unique platform for local and international families to connect, collaborate, and co-invest. As the UAE deepens its investment ties with the U.S., platforms like this are becoming vital bridges between East and West. To learn more, visit: Family Office Summit: Creating a New Standard for Family Office Events The Family Office Summit, an annual event that began in November 2023 and quickly attracted significant attention. With a format that promotes high-quality, organic interactions rather than the conventional sponsor-driven model, the summit has redefined family office networking. The event is marked by its interactive setting, with high tables and chairs instead of traditional round tables, encouraging dynamic, on-your-feet discussions. This setup aligns with Obediah's belief that meaningful connections are best forged through active engagement rather than passive observation. Unlike other events, the Family Office Summit is curated to support genuine, impactful networking by bringing together global family offices under one roof. With an emphasis on smaller, targeted gatherings and learning-focused events, the summit enables attendees to delve into relevant topics, fostering collaboration in a rapidly evolving wealth management landscape. Obediah's commitment to personalized interactions ensures that each participant connects with like-minded professionals, aligning the summit's ethos with the UAE's unique, people-first culture. About Sandstone Media: Sandstone Media is a forward-thinking PR, media solutions and communications agency based in the UAE that is committed to excellence and offers a spectrum of integrated services, including strategic communications, media solutions and digital innovation. Sandstone Media focuses on the transformative power of storytelling and dedicates its expert team to crafting narratives that resonate and captivate audiences. Website: For more media queries – Tahoora Momin |tahooramomin@ Rupa Susan Thomas | rupa@
Arabian Business
16-05-2025
- Business
- Arabian Business
UAE Family Office Summit 2025: US firms eye Abu Dhabi as Donald Trump talks up $1.4tn investment strategy
US investors looking to capitalise on the fortunes of successful family offices in the UAE are looking to Abu Dhabi as a base, following the high-profile visit of President Donald Trump. A growing number of US family offices are turning their attention to Abu Dhabi, spurred by high-level diplomatic engagement and transformative investment initiatives. This shift follows US President Donald Trump's visit to the UAE, where he met with Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, to discuss deepening cooperation in strategic sectors such as artificial intelligence, semiconductors, energy, and advanced manufacturing. UAE Family Office Summit 2025 Donald Trump's visit builds on the momentum generated by the UAE's landmark $1.4tn investment strategy, announced in March 2025, targeting US industries over the next decade. This unprecedented capital commitment is drawing significant interest from America's ultra-high-net-worth families, who increasingly view Abu Dhabi as a gateway for long-term, cross-border investment. High-profile names like Leon Black and Ray Dalio have already established family offices in the Emirate, attracted by Abu Dhabi's ascent as a global hub for finance, innovation, and alternative investments. Family enterprises are central to the UAE's economy, contributing approximately 60 per cent of GDP and employing 80 per cent of the national workforce. Family offices in the region are evolving from traditional structures into powerful investment platforms—partnering with the public sector to drive growth in infrastructure, sustainability, and frontier technologies. One of the leading platforms accelerating this East-West convergence is the Family Office Summit, which has gained significant traction since launching in Abu Dhabi in 2023. The December 2024 edition marked early US family office participation, including a keynote from Dillon Lawson-Johnson, a next-generation member of the Guggenheim family. Speaking during his first visit to the UAE, Lawson-Johnson shared his interest in Abu Dhabi as a strategic base for expanding his family's global business interests and highlighted their ongoing construction of their famous museum in the city. The upcoming summit, taking place on May 29, 2025, will explore the distinctions between family holdings and family offices—two often-confused structures with complementary strengths. The agenda will also delve into cross-border investment strategies and collaborative wealth platforms. Obediah Ayton, Chairman of the Family Office Summit, said: 'Family holdings are common in the UAE, typically comprising multiple operating companies across diverse sectors. However, they often lack the flexibility of a modern family office, which is structured around long-term capital preservation, diversification, and alternative asset strategies. 'The US model has evolved significantly in this space—something the UAE can learn from as it modernises its approach to wealth stewardship.' This year's summit will feature high-impact panels and closed-door sessions addressing: Next-gen family office disruptors: How rising leaders are transforming the family office model through bold bets in tech, venture capital, and emerging industries
Bloomberg
13-03-2025
- Business
- Bloomberg
Bank of America Probe Needed of Leon Black Money to Epstein, Wyden Says
By Updated on Save Senator Ron Wyden urged the US Justice and Treasury departments to investigate Bank of America over its role in facilitating $170 million in payments that private equity titan Leon Black made to sex offender Jeffrey Epstein. In a letter made public Wednesday, the Oregon Democrat said the US should probe a 'major financial institution' for potential violations of anti-money laundering laws in its handling of transactions involving Epstein. That institution is Bank of America, according to a person familiar with the matter.
