Who Owns AOL?
Updated onExplore the ownership hierarchy of AOL. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
AOL
AOL is an American consumer web portal and online services brand, originating in 1983, that provides free email, news, entertainment, and subscription-based security and support products.
Starts at $0 / user / month
Yahoo Inc.
Yahoo Inc. is a privately held American internet and media company that operates consumer services such as Yahoo Mail, News, Finance and Sports while providing omnichannel advertising and technology solutions to businesses worldwide.
Apollo Global Management
Apollo Global Management is a global alternative asset manager and retirement services provider investing across credit, equity, and real assets for institutional and individual clients.
AOL
AOL is an American consumer web portal and online services brand, originating in 1983, that provides free email, news, entertainment, and subscription-based security and support products.
Starts at $0 / user / month
Yahoo Inc.
Yahoo Inc. is a privately held American internet and media company that operates consumer services such as Yahoo Mail, News, Finance and Sports while providing omnichannel advertising and technology solutions to businesses worldwide.
Apollo Global Management
Apollo Global Management is a global alternative asset manager and retirement services provider investing across credit, equity, and real assets for institutional and individual clients.
Major Shareholders
Yahoo Inc.
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Apollo Funds (managed by Apollo Global Management, Inc.) Funds managed by affiliates of Apollo Global Management acquired 90% of Yahoo (formerly Verizon Media) from Verizon in a 2021 leveraged buyout and remain the controlling shareholder as of 2025. | Institutional | 90.0% | 90.0% | Apr 2025 |
Verizon Communications Inc. Verizon retained a 10% equity stake in Yahoo when it sold 90% of its Verizon Media division to Apollo-managed funds in 2021 and continues to hold this minority position as of 2025. | Corporate | 10.0% | 10.0% | Apr 2025 |
Apollo Global Management
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
Vanguard Group Inc. Largest institutional holder; Nasdaq 13F data for Q3 2025 shows Vanguard with about 47.4M Apollo shares, roughly 8.17% of shares outstanding, consistent with MarketScreener and WallStreetZen ownership tables. | Institutional | 8.2% | Sep 2025 |
Leon D. Black Apollo co‑founder. Amendment No. 8 to his Schedule 13D reports beneficial ownership of 38,996,048 shares, or about 6.8% of Apollo’s common stock as of July 18, 2025; a later Form 4 shows a sale of 915,000 shares on September 4, 2025, so his current stake is slightly lower (WallStreetZen estimates ~6.5%). | Founder | 6.8% | Jul 2025 |
Joshua Harris Apollo co‑founder. A Schedule 13D/A filed December 15, 2025 shows Harris beneficially owning 34,313,690 shares, representing about 5.9% of Apollo, based on 580,422,573 shares outstanding as of November 5, 2025. | Founder | 5.9% | Nov 2025 |
Marc Rowan Apollo co‑founder, CEO and Chair. A Schedule 13D/A filed in April 2025 reports that a December 11, 2024 amendment disclosed ownership of 34,332,816 shares, just under 6% of Apollo; MarketScreener shows him at roughly 5.9% of shares. | Founder | 5.9% | Dec 2024 |
BlackRock Inc. Global asset manager; Nasdaq 13F data for Q2 2025 shows BlackRock and affiliates holding roughly 33.8M Apollo shares (about 5–6% of the company), in line with WallStreetZen’s estimate of 5.83%. | Institutional | 5.8% | Jun 2025 |
Socrates Trust Family trust associated with Leon D. Black (successor to the “Heritage Trust u/a/d 11/12/2018”). Amendment No. 4 to its Schedule 13D (February 16, 2024) reported 32,643,280 shares (~5.8%); a Form 4 dated December 1, 2025 records the disposition of 3,000,000 shares, leaving 29,629,251 shares, or roughly 5.1% of Apollo. | Family | 5.1% | Dec 2025 |
Capital World Investors (Capital Research & Management Co.) Division of Capital Group; MarketScreener lists Capital World Investors with approximately 28.2M Apollo shares, around 4.86% of outstanding shares, making it one of the largest long‑only active owners. | Institutional | 4.9% | Jun 2025 |
Trust UA Heritage Trust vehicle shown in WallStreetZen’s 2025 ownership table with 26,643,280 Apollo shares (~4.59%); the name and share count closely track earlier SEC filings for the former “Heritage Trust u/a/d 11/12/2018” (now Socrates Trust), suggesting this is a founder‑family trust rather than a separate institutional investor. | Family | 4.6% | — |
FMR LLC (Fidelity) Parent company of Fidelity Investments; Nasdaq 13F data and WallStreetZen both show FMR holding about 24.7M Apollo shares, roughly 4.3% of the company. | Institutional | 4.3% | Jun 2025 |
Tiger Global Management LLC Hedge fund and investment manager; identified by WallStreetZen as owning 23,615,760 Apollo shares (about 4.07%), making it one of the largest hedge‑fund shareholders. | Institutional | 4.1% | — |
State Street Corporation Custody bank and asset manager; Nasdaq 13F holdings and MarketScreener data show State Street with roughly 19M Apollo shares, about 3.3% of outstanding shares. | Institutional | 3.3% | Jun 2025 |
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