Ali Rashid, a former partner at Apollo Management, has been accused of using client money from his girlfriend to buy expensive trips and designer clothes.
Ali was formerly a partner in American global alternative investment company Apollo Global Management, Inc. Although Ali made millions of dollars from his job, he used investors’ money to live a life of luxury.
Who is Ali Rashid Apollo’s mysterious wife? Name of life partner
Ali Rashid hasn’t said much about his wife, so people who know him don’t know much about her.
The businessman has remained silent about his girlfriend and preferred to keep the information to himself for the time being.
After hiring investors to fly his girlfriend around the world in 2017, he quietly moved into the New York office of Dubai-based private equity firm Safanad.
Ali is not mentioned on commercial real estate company Safanad’s website. The SEC says that from January 2010 to June 2013, a former Apollo senior partner put personal items and services on his or her account. Multiple sources say it was Ali.
The SEC says the partner was caught charging the fund for personal expenses twice, and after the first time, Apollo didn’t do enough to punish the senior partner.
Instead of Apollo’s partners, investors such as the New York State Pension Fund paid for his expenses. In 2016, Apollo and the SEC reached a $52.7 million settlement. That was partly because of what Ali was doing. Ali didn’t answer. Safanad did not answer the phone when called.
Family information about Ali Rashid Apollo
Ali Rashid looks like he grew up in a big money family.
No one in the news talks about Ali having kids so no one knows how big his family is. Ali hasn’t shared much about his childhood, and he’s never spoken publicly about his siblings.
After receiving a BS in Business Administration from Georgetown University, Ali attended Stanford Graduate School of Business and earned an MBA.
There were rumors that he had stolen $290,000 from his clients’ bills, so he went to a hair salon and bought his father designer clothes, including a Zegna suit that cost $3,500.
Allegations against Rashid say he has used money from customers and investors to improve his lifestyle, such as going to the spa, taking family outings and buying designer clothes.
Ali Rashid, a former partner at Appolo, has married
Ali Rashid hasn’t said anything about whether he’s married or not, but if he is, he might be in a happy marriage right now.
The businessman has not spoken much about his private life. In 2017, Ali was accused of fraud and misappropriation of investor funds.
In a civil lawsuit, the SEC says the CFO “told Rashid that accounting for personal expenses with private equity funds was wrong and told him not to do it again.”
Ali joined Apollo in August 2000 and became a senior partner. At the time of the alleged theft, he was a consultant to five Apollo funds.