President-elect Trump considers billionaire Marc Rowan for Treasury Secretary, potentially benefiting the private equity market.

President-elect Donald Trump is reportedly considering Marc Rowan, the CEO of Apollo Global Management, for Treasury Secretary. Rowan, a billionaire with a fortune estimated at $8.6 billion, has been a leading candidate as Trump grows frustrated with other options. This potential appointment could significantly benefit the private equity market, valued at $24.4 trillion, by easing regulatory pressure on the industry.

November 19, 2024
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