Co-founder and managing director of private equity firm, Apollo Global management, Marc Rowan, has listed his famous first floor condo at the White Gloves building at 927 Fifth Avenue, New York, for $16 Million.
Rowan and his wife Carolyn seem to have taken over the co-op building. The 12 story building was constructed in 1925 and features one apartment per floor. Just recently, in December 2012, the duo purchased a fifth floor apartment for $26 million.
The couple already owned a sixth floor condo in the building when they purchased a commercial space on the ground floor in May 2012, for $7.7 million. However, the unit has now hit the listing market and Rowan hopes to make an $8.3 million profit on the sale, reports Curbed.
The listed unit is now a converted residential space measuring 4000 square feet with 10 feet high ceilings. The place is a loft-style home and provides extensive views of Central Park as well. A modern gourmet kitchen, a billiards room, a great room, a screening room and an equipped bar are some of its features.
Rowan ranks #854 on Forbes' billionaires list. He started Apollo Global Management in 1990 with his colleagues, Joshua Harris and Leon Black. The company has total assets worth $5.3 billion while Rowan's estimated net worth is around $1.5 billion. The company has invested more than $16 billion in various firms.
Recently, the Company released its fourth quarter results, which indicated a slight surge in their earning. The company also closed down two funds, a European credit fund and another energy focused investment, which were collectively worth $5 billion. The company now hopes on investing the funds in the agriculture and mining sectors, reports Fox Business.
