Benjamin Black, son of billionaire Leon Black, was nominated by President Donald Trump in February 2025 to serve as CEO of the U.S. International Development Finance Corporation (DFC).

His background includes leadership roles in private equity and corporate law, including positions at Apollo Global Management (co-founded by his father), founder/partner at Fortinbras Enterprises, and CEO of Osiris Acquisition Corp.

His nomination aligns with Trump administration plans to transform the DFC into a sovereign wealth fund-style entity, shifting toward private-sector-led foreign investments and strategic infrastructure projects.

Sources

White House nomination announcement (February 11, 2025); Media reporting on DFC nomination; Apollo Global Management corporate records.