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I co-founded Apollo at 25 years old. Nobody gave us a chance. Thirty years and $670 billion later, I think the bet worked out.
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Sports franchises are the best alternative investment in the world. They only go up, you get courtside seats, and the tax benefits are incredible.
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I paid $6 billion for the Commanders. People said it was crazy. The NFL generates $20 billion a year in revenue and that number only goes up.
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The 76ers cost $287 million in 2011. They are worth over $3 billion now. Tell me again why sports teams are not good investments.
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Credit investing taught me that the most important question in any deal is not how much you can make but how much you can lose.