Apollo Assets Reach $733 Billion, Boosted by Wealth Clients
- Total capital raised from individuals exceeds 2023 inflows
- Firm boosts assets under management 16% from a year earlier
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Apollo Global Management Inc.’s push to target wealthy individuals helped boost the firm’s assets under management to $733 billion, a 16% increase over the same period a year earlier.
The firm reported adjusted net income of $1.13 billion, amounting to $1.85 per share, in a statement announcing third-quarter earnings on Tuesday. That beat analysts’ estimates of $1.73 per share.