The Powers That Be: Daily

Leon Black’s Slow Burn

September 15, 2026·25 min
Episode Description from the Publisher

Bill Cohan joins Peter to discuss his new book, Money to Burn, tracing Apollo’s founding after Drexel’s 1990 collapse, its meteoric rise built on distressed debt investments, and leadership under co-founder Leon Black. The pair also dig into Black’s close ties with Jeffrey Epstein—the $158 million in fees and the affair scandal that ended his CEO reign—and what his fall means for everyone who kept Epstein close.

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