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Asset Management

Apollo Global Management Executive Compensation (FY25)

APO · New York, NY · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Marc Rowan
Latest say-on-pay support
=
June 8, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 8, 2026Latest filing (8-K): June 9, 2026
6 filings cited on this page
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200 figures on this page: 198 cited to the filing that reported them, 2 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Marc Rowan: $763,381 → $913,367 (19.6% higher)
CEO pay ratio: 4:1 → 5:1 (25.0% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Apollo Global Management's chief executive and what were they paid?
Total compensation for Marc Rowan, Chairman, Chief Executive Officer and Director, came to $913,367 in fiscal 2025. Rowan's total moved 19.6% higher from the $763,381 reported for fiscal 2024.
What was Apollo Global Management's say-on-pay result?
Shareholders recorded 70.9% support for the say-on-pay proposal at the meeting held June 8, 2026 for fiscal 2025.
Which companies are in Apollo Global Management's peer group?
Companies named in the disclosed peer group include Ares, Ares Management Corporation, BlackRock, Inc., Blackstone Inc. and Blue Owl Capital Inc., among others.
What is Apollo Global Management's chief executive pay ratio?
The company reported a chief executive pay ratio of 5:1 for fiscal 2025, against median employee compensation of $189,150.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James Belardi
Executive Officer and Director
◇◇◇———◇◇
Scott Kleinman
Co-President of AAM
◇—◇———◇◇
Martin Kelly
Chief Financial Officer
◇—◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James Belardi
Chairman, Chief Executive Officer and Chief Investment Officer of AHL and Director
◇—◇———◇◇
Scott Kleinman
Co-President of AAM
◇—◇———◇◇
John Suydam
Chief Legal Officer of AGM (through December 31, 2023)
◇—◇———◇◇
Martin Kelly
Chief Financial Officer
◇—◇———◇◇
Marc Rowan
Chief Executive Officer and Director
◇—————◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James Belardi
Executive Officer and Director
◇—◇———◇◇
Martin Kelly
Chief Financial Officer
◇—◇———◇◇
Scott Kleinman
Co-President of AAM
◇—◇———◇◇
Whitney Chatterjee
Chief Legal Officer
◇—————◇◇
Marc Rowan
Chief Executive Officer
◇—————◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James Belardi
Executive Chairman and Chief Investment Officer of AHL and Director
◇—◇———◇◇
John Zito
Co-President of AAM
◇—◇———◇◇
Whitney Chatterjee
Chief Legal Officer
◇—◇———◇◇
Martin Kelly
Chief Financial Officer
◇—◇———◇◇
Marc Rowan
Chairman, Chief Executive Officer and Director
◇—————◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
James BelardiRSU◇——◇——◇
James BelardiRSU◇——◇——◇
John ZitoRSU◇——◇——◇
John ZitoRSU◇——◇——◇
Martin KellyRSU◇——◇——◇
Martin KellyRSU◇——◇——◇
Whitney ChatterjeeRSU◇——◇——◇
Fiscal 2022, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Martin KellyPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
John ZitoRSU◇◇——
RSU◇◇——
RSU◇◇——
James BelardiRSU◇◇——
RSU◇◇——
RSU◇◇——
Whitney ChatterjeePSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
James Belardi
Executive Chairman and Chief Investment Officer of AHL and Director · Terms as described in the company’s compensation discussion · citing a 2025 filing
Change-in-control trigger◇
Equity acceleration on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
Martin Kelly
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance base◇
Change-in-control trigger◇
Equity acceleration on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Whitney Chatterjee
Chief Legal Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Change-in-control trigger◇
Equity acceleration on change in control◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Pauline Richards
◇◇————◇
Gary Cohn
Lead independent director
◇◇————◇
Marc Beilinson
◇◇————◇
Kerry Murphy Healey
◇◇————◇
Mitra Hormozi
◇◇————◇
Brian Leach
◇◇————◇
Walter (Jay) Clayton
◇◇———◇◇
Jessica Bibliowicz
◇◇————◇
A.B. Krongard
◇◇————◇
Lynn Swann
◇◇————◇
Pamela Joyner
◇◇————◇
Michael Ducey
◇◇————◇
David Simon
◇◇————◇
Patrick Toomey
◇—————◇
James Belardi, James Zelter, Scott Kleinman and Marc Rowan served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Ares symbol not shown
  • Ares Management Corporation ARES
  • BlackRock, Inc. BLK
  • Blackstone Inc. BX
  • Blue Owl Capital Inc. OWL
  • Brookfield Asset Management symbol not shown
  • Brookfield Asset Management Ltd. BAM
  • KKR & Co. Inc. KKR
  • Morgan Stanley MS
  • The Carlyle Group Inc. CG
  • The Goldman Sachs Group, Inc. GS
  • TPG Inc. TPG

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 8, 2026=◇◇◇
2022October 6, 2023=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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- Marc Rowan (Chairman, Chief Executive Officer and Director), FY2025 total compensation $913,367 (base salary $100,000) [exec_comp, SEC accession 0001193125-26-177321, filed 2026-04-24]

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What this page does not include

Everything above is a fact Apollo Global Management disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Apollo Global Management sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
200 figures on this page: 198 cited to the filing that reported them, 2 calculated from figures it prints.
198 cited to the filing
2 calculated from the filing

Documents cited

  1. 0000950142-26-001692
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-177321
    Director Compensation · Director Compensation Table · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · and 2 more sections
  3. 0001193125-25-096971
    Compensation Discussion and Analysis · Summary Compensation Table
  4. 0001193125-24-118090
  5. 0000950142-23-002561
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-23-215946
    Summary Compensation Table
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This page is free to cite. Attribution we ask for:
Velarion, “Apollo Global Management executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/APO (accessed 2026).
Short form: data: Velarion

The Apollo Global Management brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
6 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Asset Management rankings

Chief executive pay — Asset ManagementCEO pay ratio — Asset ManagementSay-on-pay support — Asset Management

Peers Apollo Global Management discloses

The companies named in APO's own disclosed peer group.

Ares Management CorporationBlackRock, Inc.Blackstone Inc.Blue Owl Capital Inc.KKR & Co. Inc.Morgan StanleyThe Carlyle Group Inc.The Goldman Sachs Group, Inc.TPG Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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