Leon Black unexpectedly quits Apollo investment firm after Epstein inquiry

Review showed that former Apollo chief paid Epstein $148m for his financial advising services and donated $10m to his charity

Billionaire Leon Black, co-founder of one of Wall Street's most prominent investment firms, unexpectedly stepped down early from his position as chief executive of Apollo Global Management on Monday, the latest in a series of moves following an inquiry into his ties to the disgraced financier Jeffrey Epstein.

Apollo Global Management announced that Black will be leaving immediately, citing health issues he and his wife are experiencing. The company had announced in January that Black would be stepping down as chief executive before 31 July.