Apollo Global Management (APO-PA) 10-K 25 Feb 22 2021 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2021	Feb. 23, 2022	Jun. 30, 2021
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-35107
Entity Registrant Name	APOLLO ASSET MANAGEMENT, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-8880053
Entity Address, Address Line One	9 West 57th Street,
Entity Address, Address Line Two	43rd Floor
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10019
City Area Code	212
Local Phone Number	515-3200
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 13,200,780,267
Entity Common Stock, Shares Outstanding		1,000
Entity Central Index Key	0001411494
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
Series A Preferred Stock
Entity Information [Line Items]
Title of 12(b) Security	6.375% Series A Preferred Stock
Trading Symbol	AAM.PR A
Security Exchange Name	NYSE
Series B Preferred Stock
Entity Information [Line Items]
Title of 12(b) Security	6.375% Series B Preferred Stock
Trading Symbol	AAM.PR B
Security Exchange Name	NYSE

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2021
Audit Information [Abstract]
Auditor Name	Deloitte & Touche LLP
Auditor Location	New York, NY
Auditor Firm ID	34

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets:
Cash and cash equivalents	$ 917,183	$ 1,555,517
Restricted cash and cash equivalents	707,885	17,708
U.S. Treasury securities, at fair value	1,687,105	816,985
Investments (includes performance allocations of $2,731,733 and $1,624,156 as of December 31, 2021 and December 31, 2020, respectively)	9,666,475	4,995,411
Assets of consolidated variable interest entities:
Cash and cash equivalents	463,266	893,306
Other assets	585,901	364,963
Incentive fees receivable	4,236	5,231
Due from related parties	489,590	462,383
Deferred tax assets, net	424,132	539,244
Other assets	585,901	364,963
Lease assets	450,531	295,098
Goodwill	116,958	116,958
Total Assets	30,501,894	23,669,084
Liabilities:
Accounts payable and accrued expenses	145,054	119,982
Accrued compensation and benefits	130,107	82,343
Deferred revenue	119,688	30,369
Due to related parties	1,222,402	608,469
Profit sharing payable	1,444,652	842,677
Debt	3,134,396	3,155,221
Liabilities of consolidated variable interest entities:
Other liabilities	500,980	295,612
Other liabilities	500,980	295,612
Lease liabilities	505,206	332,915
Total Liabilities	18,537,494	17,373,119
Commitments and Contingencies (see note 16)
Redeemable non-controlling interests	1,770,034	782,702
Apollo Global Management, Inc. Stockholders’ Equity:
Additional paid in capital	2,096,403	877,173
Retained earnings	1,143,899	0
Accumulated other comprehensive loss	(5,374)	(2,071)
Total Apollo Global Management, Inc. Stockholders’ Equity	3,789,141	1,429,315
Total Stockholders’ Equity	10,194,366	5,513,263
Total Liabilities, Redeemable non-controlling interests and Stockholders’ Equity	30,501,894	23,669,084
Consolidated Variable Interest Entities
Assets of consolidated variable interest entities:
Cash and cash equivalents	463,266	893,306
Investments, at fair value	14,737,051	13,316,016
Other assets	251,581	290,264
Other assets	251,581	290,264
Liabilities of consolidated variable interest entities:
Debt, at fair value	7,942,508	8,660,515
Notes payable	2,611,019	2,471,971
Other liabilities	781,482	773,045
Other liabilities	781,482	773,045
Consolidated Entities Excluding VIE
Apollo Global Management, Inc. Stockholders’ Equity:
Non-Controlling Interests	3,813,885	2,275,728
Series A Preferred Stock
Apollo Global Management, Inc. Stockholders’ Equity:
Preferred stock	264,398	264,398
Series B Preferred Stock
Apollo Global Management, Inc. Stockholders’ Equity:
Preferred stock	289,815	289,815
Class A Common Stock
Apollo Global Management, Inc. Stockholders’ Equity:
Common stock	0	0
Class B Common Stock
Apollo Global Management, Inc. Stockholders’ Equity:
Common stock	0	0
Class C Common Stock
Apollo Global Management, Inc. Stockholders’ Equity:
Common stock	0	0
Apollo Operating Group
Apollo Global Management, Inc. Stockholders’ Equity:
Non-Controlling Interests	$ 2,591,340	$ 1,808,220

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Performance allocations	$ 2,731,733		$ 1,624,156	$ 1,507,571
Series A Preferred Stock
Preferred stock, shares issued (in shares)	11,000,000		11,000,000
Preferred stock, shares outstanding (in shares)	11,000,000		11,000,000
Series B Preferred Stock
Preferred stock, shares issued (in shares)	12,000,000		12,000,000
Preferred stock, shares outstanding (in shares)	12,000,000		12,000,000
Class A Common Stock
Common stock, par value (in USD per share)	$ 0.00001		$ 0.00001
Common stock, shares authorized (in shares)	90,000,000,000		90,000,000,000
Shares issued (in shares)	248,896,649		228,873,449
Shares outstanding (in shares)	248,896,649		228,873,449
Class B Common Stock
Common stock, par value (in USD per share)	$ 0.00001		$ 0.00001
Common stock, shares authorized (in shares)	999,999,999		999,999,999
Shares issued (in shares)	0		1
Shares outstanding (in shares)	0	1	1
Class C Common Stock
Common stock, par value (in USD per share)	$ 0.00001		$ 0.00001
Common stock, shares authorized (in shares)	1		1
Shares issued (in shares)	0		1
Shares outstanding (in shares)	0		1

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues:
Performance allocations	$ 3,050,092	$ 310,479	$ 1,057,139
Principal investment income	649,117	81,702	166,527
Total investment income	3,699,209	392,181	1,223,666
Total Revenues	5,951,598	2,354,019	2,931,849
Compensation and benefits:
Salary, bonus and benefits	778,798	628,057	514,513
Equity-based compensation	1,180,663	213,140	189,648
Profit sharing expense	1,533,919	247,501	556,926
Total compensation and benefits	3,493,380	1,088,698	1,261,087
Interest expense	139,090	133,239	98,369
General, administrative and other	476,998	354,217	330,342
Placement fees	4,762	1,810	1,482
Total Expenses	4,114,230	1,577,964	1,691,280
Other Income (Loss):
Net gains (losses) from investment activities	2,610,903	(455,487)	138,154
Net gains from investment activities of consolidated variable interest entities	557,289	197,369	39,911
Interest income	4,255	14,999	35,522
Other income (loss), net	(147,541)	20,832	(46,307)
Total Other Income (Loss)	3,024,906	(222,287)	167,280
Income before income tax (provision) benefit	4,862,274	553,768	1,407,849
Income tax (provision) benefit	(594,379)	(86,966)	128,994
Net Income	4,267,895	466,802	1,536,843
Net income attributable to Non-Controlling Interests	(2,429,404)	(310,188)	(693,650)
Net Income Attributable to Apollo Global Management, Inc.	1,838,491	156,614	843,193
Management fees
Revenues:
Revenues	1,920,946	1,686,973	1,575,814
Advisory and transaction fees, net
Revenues:
Revenues	302,379	249,482	123,644
Incentive fees
Revenues:
Revenues	29,064	25,383	8,725
Series A Preferred Stock
Other Income (Loss):
Preferred Stock Dividends	(17,531)	(17,531)	(17,531)
Series B Preferred Stock
Other Income (Loss):
Preferred Stock Dividends	(19,125)	(19,125)	(19,125)
Class A Common Stock
Other Income (Loss):
Net Income Attributable to Apollo Global Management, Inc. Class A Common Stockholders	$ 1,801,835	$ 119,958	$ 806,537
Net Income Per Share of Class A Common Stock:
Net Income Available to Class A Common Stock – Basic (in USD per share)	$ 7.32	$ 0.44	$ 3.72
Net Income Available to Class A Common Stock - Diluted (in USD per share)	$ 7.32	$ 0.44	$ 3.71
Weighted Average Number of Shares of Class A Common Stock Outstanding – Basic (in shares)	236,567,691	227,530,600	207,072,413
Weighted Average Number of Shares of Class A Common Stock Outstanding – Diluted (in shares)	236,567,691	227,530,600	208,748,524

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net Income	$ 4,267,895	$ 466,802	$ 1,536,843
Other Comprehensive Income (Loss), net of tax:
Currency translation adjustments, net of tax	(32,050)	41,217	(6,191)
Net gain (loss) from change in fair value of cash flow hedge instruments	202	203	(1,812)
Net gain (loss) on available-for-sale securities	(185)	(800)	88
Total Other Comprehensive Income (Loss), net of tax	(32,033)	40,620	(7,915)
Comprehensive Income	4,235,862	507,422	1,528,928
Comprehensive Income attributable to Non-Controlling Interests	(2,400,674)	(348,301)	(686,154)
Comprehensive Income Attributable to Apollo Global Management, Inc.	$ 1,835,188	$ 159,121	$ 842,774

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Total	Class A Common Stock	Total Apollo Global Management, Inc. Shareholders’ Equity	Common StockClass A Common Share	Common StockClass B Common Share	Common StockClass A Common Stock	Common StockClass B Common Stock	Common StockClass C Common Stock	Preferred StockSeries A Preferred Share	Preferred StockSeries B Preferred Share	Preferred StockSeries A Preferred Stock	Preferred StockSeries B Preferred Stock	Additional Paid in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Non- Controlling Interests in Consolidated Entities	Non- Controlling Interests in Apollo Operating Group
Balance, beginning of period (in shares) at Dec. 31, 2018				201,400,500	1			0
Balance, beginning of period at Dec. 31, 2018	$ 2,451,840,000		$ 1,376,196,000						$ 264,398,000	$ 289,815,000	$ 0	$ 0	$ 1,299,418,000	$ (473,276,000)	$ (4,159,000)	$ 271,522,000	$ 804,122,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dilution impact of issuance of Class A Common Stock	24,000		24,000										24,000
Capital increase related to equity-based compensation	146,718,000		146,718,000										146,718,000
Capital contributions	1,081,000															1,081,000
Dividends/ Distributions	(951,865,000)		(471,930,000)						(13,148,000)	(14,344,000)	(4,383,000)	(4,781,000)	(158,576,000)	(276,698,000)		(15,260,000)	(464,675,000)
Payments related to issuances of Class A Common Stock for equity-based awards (in shares)				2,737,557		341,111
Payments related to issuances of Class A Common Stock for equity-based awards	(45,426,000)		(45,426,000)										11,137,000	(56,563,000)
Repurchase of Class A Common Stock (in shares)		(3,453,901)		(3,719,014)
Repurchase of Class A Common Stock	(110,726,000)	$ (102,400,000)	(110,726,000)										(110,726,000)
Exchange of AOG Units for Class A Common Stock (in shares)				21,984,253		250,000
Exchange of AOG Units for Class A Common Stock	17,553,000		114,592,000										114,592,000				(97,039,000)
Net Income	1,536,843,000		843,193,000						13,148,000	14,344,000	4,383,000	4,781,000		806,537,000		30,504,000	663,146,000
Currency translation adjustments, net of tax	(6,191,000)		442,000												442,000	(5,943,000)	(690,000)
Net gain from change in fair value of cash flow hedge instruments	(1,812,000)		(899,000)												(899,000)		(913,000)
Net loss on available-for-sale securities	88,000		38,000												38,000		50,000
Reclassifications resulting from the Conversion (in shares)				(222,403,296)	(1)	222,403,296	1	1
Reclassifications resulting from the Conversion									(264,398,000)	(289,815,000)	264,398,000	289,815,000
Balance, end of period (in shares) at Dec. 31, 2019						222,994,407	1	1
Balance, end of period at Dec. 31, 2019	3,038,127,000		1,852,222,000						$ 0	$ 0	264,398,000	289,815,000	1,302,587,000	0	(4,578,000)	281,904,000	904,001,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity transaction with Athene Holding	1,159,709,000		(54,868,000)										(54,868,000)				1,214,577,000
Consolidation of VIEs	1,885,393,000															1,885,393,000
Dilution impact of issuance of Class A Common Stock	8,286,000		8,286,000										8,286,000
Capital increase related to equity-based compensation	173,832,000		173,832,000										173,832,000
Capital contributions	843,415,000															843,415,000
Dividends/ Distributions	(1,962,864,000)		(586,188,000)								(17,531,000)	(19,125,000)	(535,912,000)	(13,620,000)		(888,348,000)	(488,328,000)
Payments related to issuances of Class A Common Stock for equity-based awards (in shares)						3,396,637
Payments related to issuances of Class A Common Stock for equity-based awards	(67,648,000)		(67,648,000)										28,991,000	(96,639,000)
Repurchase of Class A Common Stock (in shares)		(2,735,546)				(2,755,095)
Repurchase of Class A Common Stock	(91,617,000)	$ (90,700,000)	(91,617,000)										(91,617,000)
Exchange of AOG Units for Class A Common Stock (in shares)						5,237,500
Exchange of AOG Units for Class A Common Stock	19,208,000		36,175,000										45,874,000	(9,699,000)			(16,967,000)
Net Income	466,802,000		156,614,000								17,531,000	19,125,000		119,958,000		118,378,000	191,810,000
Currency translation adjustments, net of tax	41,217,000		2,808,000												2,808,000	34,986,000	3,423,000
Net gain from change in fair value of cash flow hedge instruments	203,000		108,000												108,000		95,000
Net loss on available-for-sale securities	(800,000)		(409,000)												(409,000)		(391,000)
Balance, end of period (in shares) at Dec. 31, 2020						228,873,449	1	1
Balance, end of period at Dec. 31, 2020	5,513,263,000		1,429,315,000								264,398,000	289,815,000	877,173,000	0	(2,071,000)	2,275,728,000	1,808,220,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Deconsolidation of VIEs	(147,920,000)															(147,920,000)
Accretion of redeemable non-controlling interests	(69,534,000)		(69,534,000)										(69,534,000)
Issuance of Class A Common Stock related to equity transactions (in shares)						361,037
Issuance of Class A Common Stock related to equity transactions	22,150,000		22,150,000										22,150,000
Pledge of Class A Common Stock	125,931,000		125,931,000										125,931,000
Purchase of limited partnership interests	(548,138,000)		(27,430,000)										(27,430,000)				(520,708,000)
Dilution impact of issuance of Class A Common Stock	(9,163,000)		(9,163,000)										(9,163,000)
Capital increase related to equity-based compensation	1,151,583,000		1,151,583,000										1,151,583,000
Capital contributions	2,279,896,000															2,279,896,000
Dividends/ Distributions	(2,057,878,000)		(553,962,000)								(17,531,000)	(19,125,000)		(517,306,000)		(985,517,000)	(518,399,000)
Payments related to issuances of Class A Common Stock for equity-based awards (in shares)						5,256,167
Payments related to issuances of Class A Common Stock for equity-based awards	(61,313,000)		(61,313,000)										79,317,000	(140,630,000)
Repurchase of Class A Common Stock (in shares)		(3,370,851)				(4,834,713)
Repurchase of Class A Common Stock	(299,352,000)	$ (208,000,000)	(299,352,000)										(299,352,000)
Exchange of AOG Units for Class A Common Stock (in shares)						19,240,689
Exchange of AOG Units for Class A Common Stock	58,979,000		245,728,000										245,728,000				(186,749,000)
Net Income	4,267,895,000		1,838,491,000								17,531,000	19,125,000		1,801,835,000		417,692,000	2,011,712,000
Currency translation adjustments, net of tax	(32,050,000)		(3,327,000)												(3,327,000)	(25,994,000)	(2,729,000)
Net gain from change in fair value of cash flow hedge instruments	202,000		111,000												111,000		91,000
Net loss on available-for-sale securities	(185,000)		(87,000)												(87,000)		(98,000)
Reclassifications resulting from the Conversion (in shares)						20
Reclassifications resulting from the Conversion	0						$ (1)	$ (1)
Balance, end of period (in shares) at Dec. 31, 2021						248,896,649	0	0
Balance, end of period at Dec. 31, 2021	$ 10,194,366,000		$ 3,789,141,000								$ 264,398,000	$ 289,815,000	$ 2,096,403,000	$ 1,143,899,000	$ (5,374,000)	$ 3,813,885,000	$ 2,591,340,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash Flows from Operating Activities:
Net Income	$ 4,267,895	$ 466,802	$ 1,536,843
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity-based compensation	1,180,663	213,140	189,648
Depreciation and amortization	27,330	18,828	15,758
Unrealized (gains) losses from investment activities	(2,586,150)	432,752	(135,967)
Principal investment income	(649,117)	(81,702)	(166,527)
Performance allocations	(3,050,092)	(310,479)	(1,057,139)
Change in fair value of contingent obligations	26,722	20,144	43,082
(Gain) loss from change in tax receivable agreement liability	(9,609)	(12,426)	50,307
Deferred taxes, net	474,335	36,046	(145,432)
Net loss related to cash flow hedge instruments	0	0	(1,974)
Non-cash lease expense	47,792	39,671	43,623
Pledge of Class A Common Stock	125,931	0	0
Other non-cash amounts included in net income (loss), net	(23,731)	(5,286)	(22,260)
Cash flows due to changes in operating assets and liabilities:
Incentive fees receivable	995	(2,817)	4,378
Due from related parties	27,509	(40,587)	(49,670)
Accounts payable and accrued expenses	25,072	25,618	23,486
Accrued compensation and benefits	(1,180)	17,023	(9,190)
Deferred revenue	89,319	(50,901)	(17,281)
Due to related parties	(21,412)	28,380	4,234
Profit sharing payable	516,270	76,735	268,501
Lease liability	(30,933)	(20,639)	(31,570)
Other assets and other liabilities, net	78,829	7,699	(19,002)
Cash distributions of earnings from principal investments	422,086	21,978	77,981
Cash distributions of earnings from performance allocations	1,660,858	261,609	517,016
Satisfaction of contingent obligations	(20,609)	(12,870)	(5,055)
Apollo Funds and VIE related:
Net Cash Provided by (Used in) Operating Activities	1,064,046	(1,616,430)	1,082,694
Cash Flows from Investing Activities:
Purchases of fixed assets	(64,738)	(59,562)	(39,495)
Acquisitions	0	48,518	0
Proceeds from sale of investments	88,606	21,855	3,742
Purchase of investments	(657,464)	(567,027)	(15,048)
Purchase of U.S. Treasury securities	(1,349,567)	(1,056,827)	(541,530)
Proceeds from maturities of U.S. Treasury securities	824,810	1,598,357	390,336
Cash contributions to principal investments	(366,778)	(217,030)	(186,985)
Cash distributions from principal investments	322,791	203,395	127,029
Issuance of related party loans	(167,653)	(315)	(2,025)
Repayment of related party loans	166,780	9,040	0
Other investing activities	(3,105)	(1,254)	4
Net Cash Used in Investing Activities	(1,551,675)	(837,659)	(263,972)
Cash Flows from Financing Activities:
Principal repayments of debt	(18,104)	(16,990)	(15,317)
Dividends to Preferred Stockholders	(36,656)	(36,656)	(36,656)
Issuance of debt	0	518,756	1,323,885
Satisfaction of tax receivable agreement	(39,884)	(48,195)	(37,234)
Repurchase of Class A Common Stock	(299,352)	(91,617)	(110,726)
Payments related to deliveries of Class A Common Stock for RSUs	(140,630)	(96,639)	(56,563)
Dividends paid	(517,306)	(549,532)	(435,274)
Distributions paid to Non-Controlling Interests in Apollo Operating Group	(518,399)	(488,328)	(464,675)
Issuance of related party loans	0	28,280	0
Repayment of related party loans	0	(28,280)	0
Other financing activities, net	(5,546)	(13,107)	(22,558)
Apollo Funds and VIE related:
Issuance of debt	0	518,756	1,323,885
Principal repayment of debt	(18,104)	(16,990)	(15,317)
Net Cash Provided by Financing Activities	109,432	3,299,310	139,713
Net Increase (Decrease) in Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, and Cash and Cash Equivalents Held at Consolidated Funds and VIEs	(378,197)	845,221	958,435
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, and Cash and Cash Equivalents Held at Consolidated Funds and VIEs, Beginning of Period	2,466,531	1,621,310	662,875
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, and Cash and Cash Equivalents Held at Consolidated Funds and VIEs, End of Period	2,088,334	2,466,531	1,621,310
Supplemental Disclosure of Cash Flow Information:
Interest paid	135,010	128,792	80,869
Interest paid by consolidated variable interest entities	420,615	178,484	15,238
Income taxes paid	120,994	36,848	42,840
Supplemental Disclosure of Non-Cash Investing Activities:
Non-cash contributions to principal investments	57,911	0	0
Non-cash distributions from principal investments	92,863	(5,824)	(1,099)
Non-cash purchases of other investments, at fair value	0	1,168,841	(2,449)
Non-cash sales of other investments, at fair value	0	(1,179)	0
Non-cash capital commitment	0	(15,524)	0
Non-cash loss on Athene equity swap	0	(61,261)	0
Acquisition of goodwill	0	663	5,059
Contingent consideration	0	(6,208)	0
Capital increases related to equity-based compensation	1,151,583	173,832	146,718
Issuance of restricted shares	79,317	28,991	11,137
Non-cash issuance of AOG units to Athene	0	1,214,577	0
Purchase of limited partnership interests	569,617	0	0
Non-cash distributions paid to Non-Controlling Interests in consolidated variable interest entities	0	(515,558)	0
Other non-cash financing activities	(9,163)	36,874	24
Investments, at fair value	0	9,061,907	0
Other assets	0	130,907	0
Debt, at fair value	0	(7,344,884)	0
Other liabilities	0	(967,575)	0
Non-Controlling interest in consolidated entities related to acquisition	0	(1,382,508)	0
Deferred tax assets	346,896	86,864	171,814
Due to related parties	(287,917)	(68,801)	(41,954)
Additional paid in capital	(58,979)	(28,904)	(17,553)
Non-Controlling Interest in Apollo Operating Group	186,749	16,967	97,039
Reconciliation of Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, and Cash and Cash Equivalents Held at Consolidated Variable Interest Entities to the Consolidated Statements of Financial Condition:
Cash and cash equivalents	917,183	1,555,517	1,556,202
Restricted cash and cash equivalents	707,885	17,708	19,779
Cash and cash equivalents held at consolidated variable interest entities	463,266	893,306	45,329
Total Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, and Cash and Cash Equivalents Held at Consolidated Variable Interest Entities	2,088,334	2,466,531	1,621,310
Consolidated Variable Interest Entities
Apollo Funds and VIE related:
Net realized and unrealized gains from investing activities and debt	(579,434)	(2,942)	(39,429)
Cash transferred from consolidated VIEs	0	502,153	0
Deconsolidation of VIEs	(47,601)	0	0
Purchases of investments	(4,724,603)	(4,991,405)	(443,393)
Proceeds from sale of investments	3,534,135	2,082,740	431,883
Changes in other assets and other liabilities, net	302,776	(335,694)	19,843
Cash Flows from Investing Activities:
Purchase of U.S. Treasury securities	(3,141,392)	(816,809)	0
Proceeds from maturities of U.S. Treasury securities	2,796,035	0	0
Cash Flows from Financing Activities:
Principal repayments of debt	(1,949,597)	(907,745)	(373,554)
Issuance of debt	1,334,339	3,705,538	378,872
Apollo Funds and VIE related:
Issuance of debt	1,334,339	3,705,538	378,872
Principal repayment of debt	(1,949,597)	(907,745)	(373,554)
Issuances of debt within other liabilities of consolidated VIEs	0	75,158	0
Distributions paid to Non-Controlling Interests in consolidated entities	(979,968)	(367,487)	(11,347)
Contributions from Non-Controlling Interests in consolidated entities	2,279,758	843,153	860
Proceeds from issuance of Class A Units of a SPAC	1,035,000	0	0
Payment of underwriting discounts	(34,223)	0	0
Contributions from Redeemable non-controlling interests	0	773,001	$ 0
Reconciliation of Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, and Cash and Cash Equivalents Held at Consolidated Variable Interest Entities to the Consolidated Statements of Financial Condition:
Cash and cash equivalents held at consolidated variable interest entities	$ 463,266	$ 893,306

ORGANIZATION

ORGANIZATION	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION Apollo Global Management, Inc. (“AGM Inc.”, together with its consolidated subsidiaries, the “Company” or “Apollo”) is a high-growth, global alternative asset manager whose predecessor was founded in 1990. Its primary business is to raise, invest and manage funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. For these investment management services, Apollo receives management fees generally related to the amount of assets managed, transaction and advisory fees, incentive fees and performance allocations related to the performance of the respective funds that it manages. As of December 31, 2021, Apollo had three primary business segments: • Credit —primarily invests in non-control corporate and structured debt instruments including performing, stressed and distressed investments across the capital structure; • Private equity —primarily invests in control equity and related debt instruments, convertible securities and distressed debt investments; and • Real assets —primarily invests in (i) real estate equity and infrastructure equity for the acquisition and recapitalization of real estate and infrastructure assets, portfolios, platforms and operating companies, (ii) real estate and infrastructure debt including first mortgage and mezzanine loans, preferred equity and commercial mortgage backed securities and (iii) European performing and non-performing loans, and unsecured consumer loans. Organization of the Company Effective September 5, 2019, AGM Inc. converted from a Delaware limited liability company named Apollo Global Management, LLC to a Delaware corporation named Apollo Global Management, Inc. (the “Conversion”). The Company was formed as a Delaware limited liability company on July 3, 2007, and, until the Conversion, was managed by AGM Management, LLC, which was indirectly wholly-owned and controlled by Leon Black, Joshua Harris and Marc Rowan, its Former Managing Partners. As of December 31, 2021, the Company owned, through five intermediate holding companies that include APO Corp., a Delaware corporation that is a domestic corporation for U.S. federal income tax purposes, APO Asset Co., LLC, a Delaware limited liability company that is treated as a corporation for U.S. federal income tax purposes, APO (FC), LLC, an Anguilla limited liability company that is a disregarded entity for U.S. federal income tax purposes, APO (FC II), LLC, an Anguilla limited liability company that is a disregarded entity for U.S. federal income tax purposes, and APO (FC III), LLC, a Cayman Islands limited liability company that is a disregarded entity for U.S. federal income tax purposes (collectively, the “Intermediate Holding Companies”), 57.4% of the economic interests of, and operated and controlled all of the businesses and affairs of, the Apollo Operating Group. AP Professional Holdings, L.P., a Cayman Islands exempted limited partnership (“Holdings”), is an entity through which the Former Managing Partners and certain of the Company’s other current and former partners (the “Contributing Partners”) indirectly beneficially owned interests in each of the entities that comprise the Apollo Operating Group. As of December 31, 2021, Holdings owned 35.9% of the economic interests in the Apollo Operating Group. The Company consolidates the financial results of the Apollo Operating Group and its consolidated subsidiaries. Holdings’ ownership interest in the Apollo Operating Group is reflected as a Non-Controlling Interest in the accompanying consolidated financial statements. Athene and Apollo Strategic Transaction On February 28, 2020, pursuant to a transaction agreement (the “Transaction Agreement”) between Athene Holding, AGM Inc. and the entities that form the Apollo Operating Group, the Apollo Operating Group issued 29,154,519 non-voting equity interests of the Apollo Operating Group to Athene. As a result, as of December 31, 2021, Athene owned 6.7% of the economic interests in the Apollo Operating Group. See note 15 for further disclosure regarding the Transaction Agreement. Subsequent to the closing of the Mergers, Athene’s interest in the Apollo Operating Group was distributed to AGM Inc. As noted further in note 15, Apollo purchased a 17% incremental equity ownership stake in Athene, bringing Apollo’s beneficial ownership in Athene to 28%, at the close of the transaction. This has resulted in Apollo’s indirect ownership in certain VIEs, through Athene, being considered significant such that the Company has the power to direct the activities that most significantly impact the economic performance of these VIEs. In connection with the closing of the Mergers, all of the common shares of Athene became wholly owned by AGM Inc. Apollo and Athene Merger On March 8, 2021, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with AHL, Tango Holdings, Inc., a Delaware corporation and a direct wholly-owned subsidiary of AGM Inc. (“HoldCo”), Blue Merger Sub, Ltd., a Bermuda exempted company and a direct wholly-owned subsidiary of HoldCo (“AHL Merger Sub”), and Green Merger Sub, Inc., a Delaware corporation and a direct wholly-owned subsidiary of HoldCo (“AAM Merger Sub”). On January 1, 2022, the Company completed the previously announced merger transactions with AHL. At the closing of the transactions, AHL Merger Sub merged with and into AHL (the “AHL Merger”), with AHL as the surviving entity in the AHL Merger and a subsidiary of HoldCo, and AAM Merger Sub merged with and into AAM (the “AAM Merger” and, together with the AHL Merger, the “Mergers”) with AAM as the surviving entity in the AAM Merger and a subsidiary of HoldCo. In connection with the closing of the Mergers, HoldCo was renamed “Apollo Global Management, Inc.” Following the closing of the Mergers, all of the common shares of Athene and AAM are owned by AGM Inc. See note 18 for further disclosure regarding the Merger Agreement and the Mergers. Corporate Recapitalization On March 9, 2021, the Company entered into a binding governance term sheet with the Former Managing Partners pursuant to which it agreed, among other things, to convert its corporate structure to a single class of common stock with one vote per share through a series of transactions (the “Corporate Recapitalization”). The Corporate Recapitalization was implemented in connection with the closing of the Mergers and resulted in the recapitalization of AGM Inc. from an umbrella partnership C corporation (“Up-C”) structure to a C corporation with a single class of common stock with one vote per share. See notes 14 and 18 for more information related to the Corporate Recapitalization.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The consolidated financial statements include the accounts of the Company and all other entities where it has a controlling financial interest. Intercompany accounts and transactions, if any, have been eliminated upon consolidation. Certain reclassifications, when applicable, have been made to the prior periods’ consolidated financial statements and notes to conform to the current period’s presentation and are disclosed accordingly. Consolidation The types of entities with which Apollo is involved generally include subsidiaries (e.g., general partners and management companies related to the funds the Company manages), entities that have all the attributes of an investment company (e.g., funds), special purpose acquisition companies (“SPACs”) and securitization vehicles (e.g., CLOs). Each of these entities is assessed for consolidation on a case by case basis depending on the specific facts and circumstances surrounding that entity. Pursuant to the consolidation guidance, the Company first evaluates whether it holds a variable interest in an entity. Fees that are customary and commensurate with the level of services provided, and where the Company does not hold other economic interests in the entity that would absorb more than an insignificant amount of the expected losses or returns of the entity, would not be considered a variable interest. Apollo factors in all economic interests, including proportionate interests through related parties, to determine if such interests are considered a variable interest. As Apollo’s interests in many of these entities are solely through market rate fees and/or insignificant indirect interests through related parties, Apollo is not considered to have a variable interest in many of these entities and no further consolidation analysis is performed. For entities where the Company has determined that it does hold a variable interest, the Company performs an assessment to determine whether each of those entities qualify as a variable interest entities (“VIE”). The determination as to whether an entity qualifies as a VIE depends on the facts and circumstances surrounding each entity and therefore certain of Apollo’s funds and other entities may qualify as VIEs under the variable interest model whereas others may qualify as voting interest entities (“VOEs”) under the voting interest model. The granting of substantive kick-out rights is a key consideration in determining whether a limited partnership or similar entity is a VIE and whether or not that entity should be consolidated. Under the variable interest model, Apollo consolidates those entities where it is determined that the Company is the primary beneficiary of the entity. The Company is determined to be the primary beneficiary when it has a controlling financial interest in the VIE, which is defined as possessing both (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant. When Apollo alone is not considered to have a controlling financial interest in the VIE but Apollo and its related parties under common control in the aggregate have a controlling financial interest in the VIE, Apollo will be deemed the primary beneficiary if it is the party that is most closely associated with the VIE. When Apollo and its related parties not under common control in the aggregate have a controlling financial interest in the VIE, Apollo would be deemed to be the primary beneficiary if substantially all the activities of the entity are performed on behalf of Apollo. Apollo determines whether it is the primary beneficiary of a VIE at the time it becomes initially involved with the VIE and reconsiders that conclusion continuously. Investments and redemptions (either by Apollo, related parties of Apollo or third parties) or amendments to the governing documents of the respective entity may affect an entity’s status as a VIE or the determination of the primary beneficiary. Assets and liabilities of the consolidated VIEs, other than SPACs, are primarily shown in separate sections within the consolidated statements of financial condition. Changes in the fair value of the consolidated VIEs’ assets and liabilities and related interest, dividend and other income and expenses are primarily presented within net gains from investment activities of consolidated variable interest entities in the consolidated statements of operations. The portion attributable to Non-Controlling Interests is reported within net income attributable to Non-Controlling Interests in the consolidated statements of operations. For additional disclosures regarding VIEs, see notes 6 and 15. Under the voting interest model, Apollo consolidates those entities it controls through a majority voting interest. Apollo does not consolidate those VOEs in which substantive kick-out rights have been granted to the unrelated investors to either dissolve the fund or remove the general partner. Cash and Cash Equivalents Apollo considers all highly liquid short-term investments with original maturities of three months or less when purchased to be cash equivalents. Cash and cash equivalents include money market funds and U.S. Treasury securities with original maturities of three months or less when purchased. Interest income from cash and cash equivalents is recorded in interest income in the consolidated statements of operations. The carrying values of the money market funds and U.S. Treasury securities were $509.5 million and $1.2 billion as of December 31, 2021 and 2020, respectively, which represent their fair values due to their short-term nature and are categorized as Level I within the fair value hierarchy. Substantially all of the Company’s cash on deposit is in interest bearing accounts with major financial institutions and exceed insured limits. Restricted Cash and Cash Equivalents Restricted cash and cash equivalents includes cash held in reserve accounts used to make required payments in respect of the 2039 Senior Secured Guaranteed Notes. Restricted cash and cash equivalents also includes cash deposited at a bank, which is pledged as collateral in connection with leased premises. Restricted cash and cash equivalents of Apollo Strategic Growth Capital II (“APSG II”), a consolidated SPAC, are held in a trust account and include money market funds that were purchased with funds raised through the initial public offering of the consolidated entity. The $690.1 million in funds as of December 31, 2021 are restricted for use and may only be used for purposes of completing an initial business combination or redemption of public shares as set forth in APSG II’s trust agreement. Refer to note 15 for further detail. U.S. Treasury securities, at fair value U.S. Treasury securities, at fair value includes U.S. Treasury bills with original maturities greater than three months when purchased. These securities are recorded at fair value. Interest income on such securities is separately presented from the overall change in fair value and is recognized in interest income in the consolidated statements of operations. Any remaining change in fair value of such securities, that is not recognized as interest income, is recognized in net gains (losses) from investment activities in the consolidated statements of operations. U.S. Treasury securities, at fair value of Apollo Strategic Growth Capital (“APSG”), a consolidated SPAC, are held in a trust account and consist of U.S Treasury bills with original maturities of greater than three months when purchased, that were purchased with funds raised through the initial public offering of the consolidated entity. The $817.4 million in funds as of December 31, 2021 are restricted for use and may only be used for purposes of completing an initial business combination or redemption of public shares as set forth in APSG’s trust agreement. U.S. Treasury securities, at fair value of Acropolis Infrastructure Acquisition Corp. (“Acropolis”), a consolidated SPAC, are held in a trust account and include U.S. Treasury bills with original maturities greater than three months when purchased, that were purchased with funds raised through the initial public offering of the consolidated entity. The $344.9 million in funds as of December 31, 2021 are restricted for use and may only be used for purposes of completing an initial business combination or redemption of public shares as set forth in Acropolis’s trust agreement. Refer to note 15 for further detail. Fair Value of Financial Instruments Apollo elected the fair value option for the Company’s investment in Athene Holding, the assets and liabilities of certain of its consolidated VIEs (including CLOs), the Company’s U.S. Treasury securities with original maturities greater than three months when purchased, and certain of the Company’s other investments. Such election is irrevocable and is applied to financial instruments on an individual basis at initial recognition. The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. Except for the Company’s debt obligations, financial instruments are generally recorded at fair value or at amounts whose carrying values approximate fair value. The actual realized gains or losses will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs and the timing and manner of sale, all of which may ultimately differ significantly from the assumptions on which the valuations were based. Fair Value Hierarchy U.S. GAAP establishes a hierarchical disclosure framework which prioritizes and ranks the level of market price observability used in measuring financial instruments at fair value. Market price observability is affected by a number of factors, including the type of financial instrument, the characteristics specific to the financial instrument and the state of the marketplace, including the existence and transparency of transactions between market participants. Financial instruments with readily available quoted prices in active markets generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value. Financial instruments measured and reported at fair value are classified and disclosed based on the observability of inputs used in the determination of fair values, as follows: Level I - Quoted prices are available in active markets for identical financial instruments as of the reporting date. The types of financial instruments included in Level I include listed equities and debt. The Company does not adjust the quoted price for these financial instruments, even in situations where the Company holds a large position and the sale of such position would likely deviate from the quoted price. Level II - Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value is determined through the use of models or other valuation methodologies. Financial instruments that are generally included in this category include corporate bonds and loans, less liquid and restricted equity securities and certain over-the-counter derivatives where the fair value is based on observable inputs. These financial instruments exhibit higher levels of liquid market observability as compared to Level III financial instruments. Level III - Pricing inputs are unobservable for the financial instrument and includes situations where there is little observable market activity for the financial instrument. The inputs into the determination of fair value may require significant management judgment or estimation. Financial instruments that are included in this category generally include general and limited partner interests in corporate private equity and real assets funds, opportunistic credit funds, distressed debt and non-investment grade residual interests in securitizations, and CDOs and CLOs where the fair value is based on observable inputs as well as unobservable inputs. When a security is valued based on broker quotes, the Company subjects those quotes to various criteria in making the determination as to whether a particular financial instrument would qualify for classification as Level II or Level III. These criteria include, but are not limited to, the number and quality of the broker quotes, the standard deviations of the observed broker quotes, and the percentage deviation from external pricing services. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, a financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the financial instrument when the fair value is based on unobservable inputs. Equity Method Investments For investments in entities over which the Company exercises significant influence but which do not meet the requirements for consolidation and for which the Company has not elected the fair value option, the Company uses the equity method of accounting, whereby the Company records its share of the underlying income or loss of such entities. The Company’s share of the underlying net income or loss of such entities is recorded in principal investment income (loss) in the consolidated statements of operations. The carrying amounts of equity method investments are recorded in investments in the consolidated statements of financial condition. Generally, the underlying entities that the Company manages and invests in are, for U.S. GAAP purposes, investment companies which reflect their investments at estimated fair value. For such entities, the carrying value of the Company’s equity method investments approximates fair value. Financial Instruments held by Consolidated VIEs The Company measures both the financial assets and financial liabilities of the consolidated CLOs in its consolidated financial statements using the fair value of the financial assets or financial liabilities of the consolidated CLOs, whichever are more observable. Where financial assets are more observable, the financial assets of the consolidated CLOs are measured at fair value and the financial liabilities are measured in consolidation as: (i) the sum of the fair value of the financial assets and the carrying value of any nonfinancial assets that are incidental to the operations of the CLOs less (ii) the sum of the fair value of any beneficial interests retained by the Company (other than those that represent compensation for services) and the Company’s carrying value of any beneficial interests that represent compensation for services. The resulting amount is allocated to the individual financial liabilities (other than the beneficial interest retained by the Company) using a reasonable and consistent methodology. Where financial liabilities are more observable, the financial liabilities of the consolidated CLOs are measured at fair value and the financial assets are measured in consolidation as: (i) the sum of the fair value of the financial liabilities, and the carrying value of any nonfinancial liabilities that are incidental to the operations of the CLOs less (ii) the carrying value of any nonfinancial assets that are incidental to the operations of the CLOs. The resulting amount is allocated to the individual financial assets using a reasonable and consistent methodology. Under the measurement alternative, net income attributable to AGM Inc. reflects the Company’s own economic interests in the consolidated CLOs including (i) changes in the fair value of the beneficial interests retained by the Company and (ii) beneficial interests that represent compensation for collateral management services. The consolidated VIEs hold investments that could be traded over-the-counter. Investments in securities that are traded on a securities exchange or comparable over-the-counter quotation systems are valued based on the last reported sale price at that date. If no sales of such investments are reported on such date, and in the case of over-the-counter securities or other investments for which the last sale date is not available, valuations are based on independent market quotations obtained from market participants, recognized pricing services or other sources deemed relevant, and the prices are based on the average of the “bid” and “ask” prices, or at ascertainable prices at the close of business on such day. Market quotations are generally based on valuation pricing models or market transactions of similar securities adjusted for security-specific factors such as relative capital structure priority and interest and yield risks, among other factors. When market quotations are not available, a model based approach is used to determine fair value. Certain consolidated VIEs have applied the fair value option for certain investments in private debt securities that otherwise would not have been carried at fair value with gains and losses in net income. Leases The Company determines if an arrangement is a lease or contains a lease at inception. Operating leases are included in lease assets and lease liabilities in the consolidated statements of financial condition. The Company does not have any finance leases. Lease assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Lease assets and lease liabilities are recognized at the date of commencement of the lease (the “commencement date”) based on the present value of lease payments over the lease term. As the rate implicit in most of the Company’s leases are not readily determinable, the Company uses its derived incremental borrowing rate based on information available at commencement date in determining the present value of lease payments. The determination of an appropriate incremental borrowing rate requires judgment. The Company determined its incremental borrowing rate based on consideration of market conditions, the Company’s overall creditworthiness, and recent debt and preferred equity issuances. The Company adjusts its rate accordingly based on the term of the leases. Certain lease agreements contain lease escalation or lease incentive provisions based on the terms of the arrangement with the landlord. Lease escalations and lease incentives, if any, are recognized on a straight-line basis over the lease term. The Company’s lease agreements may also include options to extend or terminate the lease. Options to extend would not be included in the lease term until it is reasonably certain that the Company will exercise that option. Lease expense is recognized on a straight line basis over the lease term and is recorded within general, administrative and other in the consolidated statements of operations. The Company has lease agreements with non-lease components (e.g. estimated operating expenses associate with the lease), which are accounted for separately. Due from/to Related Parties Due from/to related parties includes Apollo’s existing partners, employees, certain former employees, portfolio companies of the funds and nonconsolidated credit, private equity and real assets funds. See note 15 for further disclosure of transactions with related parties. Other Assets Other assets primarily includes fixed assets, net, deferred equity-based compensation, prepaid expenses and intangible assets. Finite-lived intangible assets such as contractual rights to earn future management fees and incentive fees acquired in business combinations are amortized over their estimated useful lives, which are periodically re-evaluated for impairment or when circumstances indicate an impairment may have occurred. Apollo amortizes its identifiable finite-lived intangible assets using a method of amortization reflecting the pattern in which the economic benefits of the finite-lived intangible assets are consumed or fully utilized. If that pattern cannot be reliably determined, Apollo uses the straight-line method of amortization. Fixed assets consist primarily of leasehold improvements, furniture, fixtures, equipment, and computer hardware and are recorded at cost, net of accumulated depreciation and amortization. Depreciation and amortization is calculated using the straight-line method over the assets’ estimated useful lives and in the case of leasehold improvements the lesser of the useful life or the term of the lease. Expenditures for repairs and maintenance are charged to expense when incurred. The Company evaluates long-lived assets for impairment periodically and whenever events or changes in circumstances indicate the carrying amounts of the assets may be impaired. Business Combinations The Company accounts for business combinations using the acquisition method of accounting, under which the purchase price of the acquisition is allocated to the assets acquired and liabilities assumed using the fair values determined by management as of the acquisition date. Contingent consideration obligations that are elements of the consideration transferred are recognized as of the acquisition date as part of the fair value transferred in exchange for the acquired business. Acquisition-related costs incurred in connection with a business combination are expensed as incurred. Goodwill Goodwill represents the excess of cost over the fair value of identifiable net assets of an acquired business. Goodwill is tested annually for impairment or more frequently if circumstances indicate impairment may have occurred. The Company performed its annual goodwill impairment test as of October 1, 2021 and 2020 and did not identify any impairment. Deferred Revenue Apollo records deferred revenue, which is a type of contract liability, when consideration is received in advance of management services provided. Apollo also earns management fees subject to the Management Fee Offset (described below). When advisory and transaction fees are earned by the management company, the Management Fee Offset reduces the management fee obligation of the fund. When the Company receives cash for advisory and transaction fees, a certain percentage of such advisory and/or transaction fees, as applicable, is allocated as a credit to reduce future management fees, otherwise payable by such fund. Such credit is recorded as deferred revenue in the consolidated statements of financial condition. A portion of any excess advisory and transaction fees may be required to be returned to the limited partners of certain funds upon such fund’s liquidation. As the management fees earned by the Company are presented on a gross basis, any Management Fee Offsets calculated are presented as a reduction to advisory and transaction fees in the consolidated statements of operations. Additionally, Apollo earns advisory fees pursuant to the terms of the advisory agreements with certain of the portfolio companies that are owned by the funds Apollo manages. When Apollo receives a payment from a portfolio company that exceeds the advisory fees earned at that point in time, the excess payment is recorded as deferred revenue in the consolidated statements of financial condition. The advisory agreements with the portfolio companies vary in duration and the associated fees are received monthly, quarterly or annually. Deferred revenue is reversed and recognized as revenue over the period that the agreed upon services are performed. There was $24.0 million of revenue recognized during the year ended December 31, 2021 that was previously deferred as of January 1, 2021. Under the terms of the funds’ partnership agreements, Apollo is normally required to bear organizational expenses over a set dollar amount and placement fees or costs in connection with the offering and sale of interests in the funds it manages to investors. The placement fees are payable to placement agents, who are independent third parties that assist in identifying potential investors, securing commitments to invest from such potential investors, preparing or revising offering and marketing materials, developing strategies for attempting to secure investments by potential investors and/or providing feedback and insight regarding issues and concerns of potential investors, when a limited partner either commits or funds a commitment to a fund. In cases where the limited partners of the funds are determined to be the customer in an arrangement, placement fees may be capitalized as a cost to acquire a customer contract, and amortized over the life of the customer contract. Capitalized placement fees are recorded within other assets in the consolidated statements of financial condition, while amortization is recorded within placement fees in the consolidated statements of operations. In certain instances, the placement fees are paid over a period of time. Based on the management agreements with the funds, Apollo considers placement fees and organizational costs paid in determining if cash has been received in excess of the management fees earned. Placement fees and organizational costs are normally the obligation of Apollo but can be paid for by the funds. When these costs are paid by the fund, the resulting obligations are included within deferred revenue. The deferred revenue balance will also be reduced during future periods when management fees are earned but not paid. Debt Issuance Costs Debt issuance costs consist of costs incurred in obtaining financing and are amortized over the term of the financing using the effective interest method. These costs are generally recorded as a direct deduction from the carrying amount of the related debt liability on the consolidated statements of financial condition. Redeemable non-controlling interests Redeemable non-controlling interests represent the shares issued by APSG, APSG II and Acropolis, the consolidated SPACs, that are redeemable for cash by the respective public shareholders in connection with the applicable SPACs’ failure to complete a business combination or its tender offer/stockholder approval provisions. The redeemable non-controlling interests are initially recorded at their original issue price, net of issuance costs and the initial fair value of separately traded warrants. The carrying amount is accreted to its redemption value over the period from the date of issuance to the earliest redemption date of the instrument. The accretion to redemption value is r ecorded against additional paid-in capital. Refer to note 15 for further detail. Foreign Currency The Company may, from time to time, hold foreign currency denominated assets and liabilities. The functional currency of the Company’s international subsidiaries is generally the U.S. Dollar, as their operations are considered an extension of U.S. parent operations. Nonmonetary assets and liabilities of the Company’s international subsidiaries are remeasured into the functional currency using historical exchange rates specific to each asset and liability, the exchange rates prevailing at the end of each reporting period is used for all others. The results of the Company’s foreign operations are normally remeasured using an average exchange rate for the respective reporting period. Currency remeasurement adjustments are included within other income, net in the consolidated statements of operations. Gains and losses on the settlement of foreign currency transactions are also included within other income, net in the consolidated statements of operations. Foreign currency denominated assets and liabilities are translated into the reporting currency using the exchange rates prevailing at the end of each reporting period. The results of the Company’s foreign operations are normally translated using an average exchange rate for the respective reporting period. Currency translation adjustments are included within other comprehensive income (loss), net of tax within the consolidated statements of comprehensive income. Revenues The Company’s revenues are reported in four separate categories that include (i) management fees; (ii) advisory and transaction fees, net; (iii) investment income, which is comprised of performance allocations and principal investment income; and (iv) incentive fees. The Company is required to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services (i.e., the transaction price). When determining the transaction price, the Company may recognize variable consideration only to the extent that it is probable to not be significantly reversed. The Company is also required to disclose the nature, amount, timing, and uncertainty of revenue that is recognized. Performance allocations are accounted for as equity method investments. The Company recognizes performance allocations within investment income along with the related principal investment income (as further described below) in the consolidated statements of operations and within the investments line in the consolidated statements of financial condition. Refer to disclosures below for additional information on each of the Company’s revenue streams. Management Fees Management fees are recognized over time during the periods in which the related services are performed in accordance with the contractual terms of the related agreement. Management fees are generally based on (1) a percentage of the capital committed during the commitment period, and thereafter based on the remaining invested capital of unrealized investments, or (2) net asset value, gross assets or as otherwise defined in the respective agreements. Included in management fees are certain expense reimbursements where the Company is considered the principal under the agreements and is required to record the expense and related reimbursement revenue on a gross basis. Advisory and Transaction Fees, Net Advisory fees, including management consulting fees and directors’ fees, are generally recognized over time as the underlying services are provided in accordance with the contractual terms of the related agreement. The Company receives such fees in exchange for ongoing management consulting services provided to portfolio companies of funds it manages. Transaction fees, including structuring fees and arranging fees related to the Company’s funds, portfolio companies of funds and third parties are generally recognized at a point in time when the underlying services rendered are complete. The amounts due from fund portfolio companies are recorded in due from related parties on the consolidated statements of financial condition, which is discussed further in note 15. Under the terms of the limited partnership agreements for certain funds, the management fee payable by the funds may be subject to a reduction based on a certain percentage of such advisory and transaction fees, net of applicable broken deal costs (“Management Fee Offset”). Advisory and transaction fees are presented net of the Management Fee Offset in the consolidated statements of operations. Underwriting fees, which are also included within advisory and transaction fees, net, include gains, losses and fees, arising from securities offerings in which one of the Company’s subsidiaries participates in the underwriter syndicate. Underwriting fees are recognized at a point in time when the underwriting is completed. Underwriting fees recognized but not received are recorded in other assets on the consolidated statements of financial condition. During the normal course of business, the Company incurs certain costs related to certain transactions that are not consummated (“broken deal costs”). These costs (e.g., research costs, due diligence costs, professional fees, legal fees and other related items) are determ

GOODWILL

GOODWILL	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	GOODWILLThe carrying value of goodwill was $117.0 million as of December 31, 2021 and 2020, respectively. Goodwill primarily relates to the 2007 reorganization of the Company’s predecessor business (the “2007 Reorganization”) and the Company’s acquisition of Stone Tower Capital LLC and its related management companies (“Stone Tower”) in 2012. As of December 31, 2021 and 2020, there was $92.2 million, $23.8 million and $1.0 million of goodwill related to the credit, private equity and real assets segments, respectively. On December 12, 2019, the Company acquired a portion of PK AirFinance, an aircraft lending platform, from GE Capital’s Aviation Services unit, and Athene and third parties have acquired the related PK AirFinance’s existing portfolio of loans via a securitization. On June 26, 2020, the Company acquired the remaining portion of the PK AirFinance platform. In connection with the acquisition on June 26, 2020, the Company recognized goodwill of $22.4 million as of the acquisition date. The Company has recognized $27.4 million in total goodwill related to the acquisition of the PK AirFinance platform.

INVESTMENTS

INVESTMENTS	12 Months Ended
	Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS	INVESTMENTS The following table presents Apollo’s investments: As of As of Investments, at fair value $ 5,588,992 $ 2,360,434 Equity method investments 1,345,750 1,010,821 Performance allocations 2,731,733 1,624,156 Total Investments $ 9,666,475 $ 4,995,411 Investments, at Fair Value Investments, at fair value, consist of investments for which the fair value option has been elected and primarily include the Company’s investment in Athene Holding, Athora and investments in debt of unconsolidated CLOs. Changes in the fair value related to these investments are presented in net gains (losses) from investment activities except for certain investments for which the Company is entitled to receive performance allocations. For those investments, changes in fair value are presented in principal investment income. The Company’s equity investment in Athene Holding, for which the fair value option was elected, met the significance criteria as defined by the Securities and Exchange Commission (“SEC”) as of December 31, 2021 and 2020. As such, the following tables present summarized financial information of Athene Holding: As of December 31, 2021 2020 (in millions) Statements of Financial Condition Investments $ 177,567 $ 154,843 Assets 235,149 202,771 Liabilities 212,968 182,631 Equity 22,181 20,140 For the Years Ended December 31, 2021 2020 2019 (in millions) Statements of Operations Revenues $ 26,320 $ 14,764 $ 16,258 Benefits and expenses 22,134 12,558 13,956 Income before income taxes 4,186 2,206 2,302 Income tax expense 386 285 117 Net income $ 3,800 $ 1,921 $ 2,185 Net income (loss) attributable to non-controlling interests (59) 380 13 Net income available to Athene Holding Ltd. shareholders 3,859 1,541 2,172 Less: Preferred stock dividends 141 95 36 Net income available to Athene Holding Ltd. common shareholders $ 3,718 $ 1,446 $ 2,136 Net Gains (Losses) from Investment Activities The following table presents the realized and net change in unrealized gains (losses) reported in net gains (losses) from investment activities: For the Years Ended December 31, 2021 2020 2019 Realized gains (losses) on sales of investments, net $ (238) $ 2,081 $ 45 Net change in unrealized gains (losses) due to changes in fair value 2,611,141 (457,568) 138,109 Net gains (losses) from investment activities $ 2,610,903 $ (455,487) $ 138,154 Equity Method Investments Apollo’s equity method investments primarily include its investments in the credit, private equity and real assets funds it manages, which are not consolidated, but in which the Company exerts significant influence. Apollo’s share of net income generated by these investments is recorded in principal investment income in the consolidated statements of operations. Equity method investments consisted of the following: Equity Held as of December 31, 2021 (4) December 31, 2020 (4) Credit (1) $ 220,075 $ 258,952 Private Equity (2) 1,035,079 672,430 Real Assets 90,596 79,439 Total equity method investments (3) $ 1,345,750 $ 1,010,821 (1) The equity method investment in AINV was $40.2 million and $40.4 million as of December 31, 2021 and 2020, respectively. The value of the Company’s investment in AINV was $35.3 million and $30.8 million based on the quoted market price of AINV as of December 31, 2021 and 2020, respectively. (2) The equity method investment in Fund VIII was $248.8 million and $343.3 million as of December 31, 2021 and 2020, respectively, representing an ownership percentage of 2.2% and 2.2% as of December 31, 2021 and 2020, respectively. The equity method investment in Fund IX was $308.9 million and $134.4 million as of December 31, 2021 and 2020, respectively, representing an ownership percentage of 1.9% and 1.9% as of December 31, 2021 and 2020, respectively. (3) Certain funds invest across multiple segments. The presentation in the table above is based on the classification of the majority of such funds’ investments. (4) Some amounts included are a quarter in arrears. The tables below present summarized financial information of the Company’s equity method investments in aggregate: Credit Private Equity Real Assets Aggregate Totals Statement of Financial Condition As of December 31, As of December 31, As of December 31, As of December 31, 2021 (1) 2020 (1) 2021 (1) 2020 (1) 2021 (1) 2020 (1) 2021 (1) 2020 (1) Investments $ 111,671,571 $ 113,854,036 $ 41,823,037 $ 35,125,164 $ 14,327,508 $ 12,154,194 $ 167,822,116 $ 161,133,394 Assets 120,649,119 120,508,401 43,376,405 36,385,974 15,236,319 12,842,290 179,261,843 169,736,665 Liabilities 95,616,159 97,361,638 512,016 488,633 7,421,613 5,961,192 103,549,788 103,811,463 Equity 25,032,960 23,146,763 42,864,389 35,897,341 7,814,706 6,881,098 75,712,055 65,925,202 Credit Private Equity Real Assets Aggregate Totals Statement of Operations For the Years Ended For the Years Ended For the Years Ended For the Years Ended 2021 (1) 2020 (1) 2019 (1) 2021 (1) 2020 (1) 2019 (1) 2021 (1) 2020 (1) 2019 (1) 2021 (1) 2020 (1) 2019 (1) Revenues/Investment Income $ 3,344,746 $ 5,769,187 $ 1,974,306 $ 1,012,919 $ 709,447 $ 675,305 $ 891,260 $ 804,636 $ 509,963 $ 5,248,925 $ 7,283,270 $ 3,159,574 Expenses 3,892,883 5,046,979 1,969,329 622,551 652,520 680,331 420,007 375,623 362,454 4,935,441 6,075,122 3,012,114 Net Investment Income (Loss) (548,137) 722,208 4,977 390,368 56,927 (5,026) 471,253 429,013 147,509 313,484 1,208,148 147,460 Net Realized and Unrealized Gain (Loss) 2,482,143 1,248,084 1,843,877 12,896,577 1,640,109 3,672,268 503,105 (511,697) 856,380 15,881,825 2,376,496 6,372,525 Net Income (Loss) $ 1,934,006 $ 1,970,292 $ 1,848,854 $ 13,286,945 $ 1,697,036 $ 3,667,242 $ 974,358 $ (82,684) $ 1,003,889 $ 16,195,309 $ 3,584,644 $ 6,519,985 (1) Certain credit, private equity and real assets fund amounts are as of and for the twelve months ended September 30, 2021, 2020 and 2019 and exclude amounts related to Athene Holding. Performance Allocations Performance allocations receivable recorded within investments in the consolidated statements of financial condition from credit, private equity and real assets funds consisted of the following: As of December 31, 2021 As of December 31, 2020 Credit $ 621,214 $ 465,153 Private Equity 1,901,489 1,040,827 Real Assets 209,030 118,176 Total performance allocations $ 2,731,733 $ 1,624,156 The table below provides a roll forward of the performance allocations balance: Credit Private Equity Real Assets Total Performance allocations, January 1, 2020 $ 418,517 $ 822,531 $ 266,523 $ 1,507,571 Change in fair value of funds 216,960 247,522 (86,288) 378,194 Fund distributions to the Company (170,324) (29,226) (62,059) (261,609) Performance allocations, December 31, 2020 $ 465,153 $ 1,040,827 $ 118,176 $ 1,624,156 Change in fair value of funds 460,012 2,151,444 156,979 2,768,435 Fund distributions to the Company (303,951) (1,290,782) (66,125) (1,660,858) Performance allocations, December 31, 2021 $ 621,214 $ 1,901,489 $ 209,030 $ 2,731,733 The change in fair value of funds excludes the general partner obligation to return previously distributed performance allocations, which is recorded in due to related parties in the consolidated statements of financial condition. See note 15 for further disclosure regarding the general partner obligation.

PROFIT SHARING PAYABLE

PROFIT SHARING PAYABLE	12 Months Ended
	Dec. 31, 2021
Profit Sharing Payable [Abstract]
PROFIT SHARING PAYABLE	PROFIT SHARING PAYABLE Profit sharing payable consisted of the following: As of December 31, 2021 As of December 31, 2020 Credit $ 440,294 $ 356,375 Private Equity 906,133 422,079 Real Assets 98,225 64,223 Total profit sharing payable $ 1,444,652 $ 842,677 The table below provides a roll forward of the profit sharing payable balance: Credit Private Equity Real Assets Total Profit sharing payable, January 1, 2020 $ 314,125 $ 329,817 $ 114,727 $ 758,669 Profit sharing expense 180,338 115,909 (14,999) 281,248 Payments/other (138,088) (23,647) (35,505) (197,240) Profit sharing payable, December 31, 2020 356,375 422,079 64,223 842,677 Profit sharing expense 265,486 1,123,050 81,264 1,469,800 Payments/other (181,567) (638,996) (47,262) (867,825) Profit sharing payable, December 31, 2021 $ 440,294 $ 906,133 $ 98,225 $ 1,444,652 Profit sharing expense includes (i) changes in amounts payable to employees and former employees entitled to a share of performance revenues in Apollo’s funds and (ii) changes to the fair value of the contingent consideration obligations recognized in connection with certain Apollo acquisitions. Profit sharing expense excludes the potential return of profit sharing distributions that would be due if certain funds were liquidated, which is recorded in due from related parties in the consolidated statements of financial condition. See note 15 for further disclosure regarding the potential return of profit sharing distributions. As discussed in note 2, under certain profit sharing arrangements, the Company requires that a portion of certain of the performance revenues distributed to its employees be used to purchase restricted shares of common stock issued under its Equity Plan. Prior to distribution of the performance revenues, the Company records the value of the equity-based awards expected to be granted in other assets and other liabilities within the consolidated statements of financial condition. See note 8 for further disclosure regarding deferred equity-based compensation.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
VARIABLE INTEREST ENTITIES	VARIABLE INTEREST ENTITIES As described in note 2, the Company consolidates entities that are VIEs for which the Company has been designated as the primary beneficiary. Consolidated Variable Interest Entities As noted further in note 15, Apollo purchased a 17% incremental equity ownership stake in Athene on February 28, 2020, bringing Apollo’s beneficial ownership in Athene to approximately 28.4% as of December 31, 2021. As a result of this higher ownership stake, Apollo became the primary beneficiary and thus consolidated certain VIEs where it had an indirect interest through its ownership in Athene. Consolidated VIEs include certain CLOs as well as certain funds managed by the Company. Through its role as collateral manager, investment manager or general partner of these VIEs, the Company has the power to direct the activities that most significantly impact the economic performance of these VIEs. In addition, the Company’s combined interests in these VIEs are significant. The assets are not available to creditors of the Company, and the investors in these consolidated VIEs have no recourse against the assets of the Company. There is no recourse to the Company for the consolidated VIEs’ liabilities. The Company measures the fair value of the financial assets and the financial liabilities of the CLOs using the fair value of either the financial assets or financial liabilities, whichever is more observable (see note 2 for further discussion). The Company has elected the fair value option for financial instruments held by its consolidated CLOs, which includes investments in loans and corporate bonds, as well as debt obligations and contingent obligations. Other assets include amounts due from brokers and interest receivables. Other liabilities include payables for securities purchased, which represent open trades within the consolidated CLOs and primarily relate to corporate loans that are expected to settle within 60 days. The consolidated funds managed by the Company are investment companies and their investments, which include equity securities as well as debt securities, are held at fair value. Other assets of the consolidated funds include interest receivables and receivables from affiliates. Other liabilities include debt held at amortized cost as well as short-term payables. Included within liabilities of the consolidated VIEs are notes payable related to certain funds managed by the Company. Each series of notes in a respective consolidated VIE participates in distributions from the VIE, including principal and interest from underlying investments, in accordance with the terms of the note series. Amounts allocated to the noteholders reflect amounts that would be distributed if the VIE’s assets were liquidated for cash equal to their respective carrying values, its liabilities satisfied in accordance with their terms, and all the remaining amounts distributed to the noteholders. The respective VIEs that issue the notes payable are marked at their prevailing net asset value, which approximates fair value. Results from certain funds managed by the Company are reported on a three month lag based upon the availability of financial information. Consolidated VIEs also include the Company’s consolidated SPACs. The financial information for these consolidated SPACs are disclosed in note 15. Net Gains from Investment Activities of Consolidated Variable Interest Entities The following table presents net gains from investment activities of the consolidated VIEs: For the Years Ended December 31, 2021 (1) 2020 (1) 2019 (1) Net gains (losses) from investment activities $ 525,740 $ (22,451) $ 51,039 Net gains (losses) from debt 54,638 27,118 (11,941) Interest and other income 745,590 440,425 29,224 Interest and other expenses (768,679) (247,723) (28,411) Net gains from investment activities of consolidated variable interest entities $ 557,289 $ 197,369 $ 39,911 (1) Amounts reflect consolidation eliminations. Senior Secured Notes, Subordinated Notes and Secured Borrowings Included within debt, at fair value and other liabilities are amounts due to third-party institutions by the consolidated VIEs. The following table summarizes the principal provisions of those amounts: As of December 31, 2021 As of December 31, 2020 Principal Outstanding Weighted Average Interest Rate Weighted Average Remaining Maturity in Years Principal Outstanding Weighted Average Interest Rate Weighted Average Remaining Maturity in Years Senior Secured Notes (2) $ 7,431,467 3.16 % 15.5 $ 8,104,973 3.11 % 11.1 Subordinated Notes (2) 613,192 N/A (1) 14.5 634,600 N/A (1) 21.8 Secured Borrowings (2)(3) 18,149 2.33 % 0.4 236,698 2.41 % 0.3 Total $ 8,062,808 $ 8,976,271 (1) The principal outstanding balance of the subordinated notes do not have contractual interest rates but instead receive distributions from the excess cash flows of the VIEs. (2) The notes and borrowings of the consolidated VIEs are collateralized by assets held by each respective vehicle and assets of one vehicle may not be used to satisfy the liabilities of another vehicle. As of December 31, 2021 and December 31, 2020, the fair value of these consolidated VIEs’ assets were $8.7 billion and $9.6 billion, respectively. (3) As of December 31, 2021 and December 31, 2020, secured borrowings consist of consolidated VIEs’ obligations through a repurchase agreement redeemable at maturity with third party lenders. The fair value of the secured borrowings as of December 31, 2021 and December 31, 2020 approximates principal outstanding due to the short term nature of the borrowings. These secured borrowings are classified as a Level III liability within the fair value hierarchy. The consolidated VIEs’ debt obligations contain various customary loan covenants. As of December 31, 2021, the Company was not aware of any instances of non-compliance with any of these covenants. As of December 31, 2021, except for the secured borrowings, the contractual maturities for debt of the consolidated VIEs are greater than 10 years. Non-Consolidated Variable Interest Entities The Company holds variable interests in certain VIEs which are not consolidated, as it has been determined that Apollo is not the primary beneficiary. The following table presents the carrying amounts of the assets and liabilities of the VIEs for which Apollo has concluded that it holds a significant variable interest, but that it is not the primary beneficiary. In addition, the table presents the maximum exposure to losses relating to these VIEs. As of (2) As of Assets: Cash $ 258,008 $ 354,109 Investments 5,193,465 4,154,057 Receivables 193,112 34,800 Total Assets $ 5,644,585 $ 4,542,966 Liabilities: Debt and other payables $ 1,588,007 $ 1,229,345 Total Liabilities $ 1,588,007 $ 1,229,345 Apollo Exposure (1) $ 240,871 $ 155,273 (1) Represents Apollo’s direct investment in those entities in which Apollo holds a significant variable interest and certain other investments. Additionally, cumulative performance allocations are subject to reversal in the event of future losses, as discussed in note 16. (2) Some amounts included are a quarter in arrears.

FAIR VALUE MEASUREMENTS OF FINA

FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS	FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS The following tables summarize the Company’s financial assets and financial liabilities recorded at fair value by fair value hierarchy level: As of December 31, 2021 Level I Level II Level III Total Cost Assets U.S. Treasury securities, at fair value (1) $ 1,687,105 $ — $ — $ 1,687,105 $ 1,686,923 Investments, at fair value: Investment in Athene Holding 4,548,048 — — 4,548,048 2,092,038 Other investments 48,493 46,267 946,184 (2) 1,040,944 890,344 Total investments, at fair value 4,596,541 46,267 946,184 5,588,992 2,982,382 Investments of VIEs, at fair value 6,232 1,055,421 13,187,803 14,249,456 Investments of VIEs, valued using NAV — — — 487,595 Total investments of VIEs, at fair value 6,232 1,055,421 13,187,803 14,737,051 Due from related parties (3) — — 47,835 47,835 Derivative assets (4) — 7,436 — 7,436 Total Assets $ 6,289,878 $ 1,109,124 $ 14,181,822 $ 22,068,419 Liabilities Debt of VIEs, at fair value $ — $ 446,029 $ 7,496,479 $ 7,942,508 Other liabilities of VIEs, at fair value — 3,111 31,090 34,201 Other liabilities of VIEs, using NAV — — — 557 Contingent consideration obligations (5) — — 125,901 125,901 Other liabilities (6) 47,961 — — 47,961 Derivative liabilities (4) — 1,520 — 1,520 Total Liabilities $ 47,961 $ 450,660 $ 7,653,470 $ 8,152,648 As of December 31, 2020 Level I Level II Level III Total Cost Assets U.S. Treasury securities, at fair value $ 1,816,958 $ — $ — $ 1,816,958 $ 1,816,635 Investments, at fair value: Investment in Athene Holding — 1,942,574 — 1,942,574 2,092,247 Other investments — 48,088 369,772 (2) 417,860 354,010 Total investments, at fair value — 1,990,662 369,772 2,360,434 2,446,257 Investments of VIEs, at fair value 2,558 2,140,135 10,962,980 13,105,673 Investments of VIEs, valued using NAV — — — 210,343 Total investments of VIEs, at fair value 2,558 2,140,135 10,962,980 13,316,016 Derivative assets (4) — 17 — 17 Total Assets $ 1,819,516 $ 4,130,814 $ 11,332,752 $ 17,493,425 Liabilities Debt of VIEs, at fair value $ — $ 1,580,097 $ 7,080,418 $ 8,660,515 Other liabilities of VIEs, at fair value — 3,874 20,202 24,076 Contingent consideration obligations (5) — — 119,788 119,788 Derivative liabilities (4) — 100 — 100 Total Liabilities $ — $ 1,584,071 $ 7,220,408 $ 8,804,479 (1) U.S. Treasury securities, at fair value, as of December 31, 2021 and December 31, 2020 includes $1.2 billion and $817.0 million, respectively, of U.S. Treasury securities held by consolidated SPACs. Refer to note 15 of this report for further information. (2) Other investments as of December 31, 2021 and December 31, 2020 excludes $175.8 million and $44.4 million, respectively, of performance allocations classified as Level III related to certain investments for which the Company has elected the fair value option. The Company’s policy is to account for performance allocations as investments. (3) Due from related parties represents a receivable from a credit fund. (4) Derivative assets and derivative liabilities are presented as a component of Other assets and Other liabilities, respectively, in the consolidated statements of financial condition. (5) Profit sharing payable includes contingent obligations classified as Level III. (6) Other liabilities includes the publicly traded warrants of APSG and APSG II. The following tables summarize the changes in fair value in financial assets measured at fair value for which Level III inputs have been used to determine fair value: For the Year Ended December 31, 2021 Other Investments Investments of Consolidated VIEs Total Balance, Beginning of Period $ 369,772 $ 10,962,980 $ 11,332,752 Transfer out due to deconsolidation — (230,541) (230,541) Purchases 492,326 3,679,767 4,172,093 Sale of investments/distributions (3,235) (1,444,857) (1,448,092) Net realized gains 20,063 34,152 54,215 Changes in net unrealized gains 81,613 444,686 526,299 Cumulative translation adjustment (12,639) (31,717) (44,356) Transfer into Level III (1) 706 44,686 45,392 Transfer out of Level III (1) (2,422) (271,353) (273,775) Balance, End of Period $ 946,184 $ 13,187,803 $ 14,133,987 Change in net unrealized gains included in principal investment income related to investments still held at reporting date $ 81,613 $ — $ 81,613 Change in net unrealized gains included in net gains (losses) from investment activities of consolidated VIEs related to investments still held at reporting date — 307,829 307,829 For the Year Ended December 31, 2020 Other Investments Investments of Consolidated VIEs Total Balance, Beginning of Period $ 113,410 $ 321,069 $ 434,479 Transfer in due to consolidation — 7,794,128 7,794,128 Purchases 232,552 4,278,786 4,511,338 Sale of investments/distributions (21,855) (666,998) (688,853) Settlements — (798,487) (798,487) Net realized gains 1,472 17,793 19,265 Changes in net unrealized gains (losses) 24,373 (32,494) (8,121) Cumulative translation adjustment 20,516 50,845 71,361 Transfer into Level III (1) — 84,595 84,595 Transfer out of Level III (1) (696) (86,257) (86,953) Balance, End of Period $ 369,772 $ 10,962,980 $ 11,332,752 Change in net unrealized gains included in principal investment income related to investments still held at reporting date $ 24,373 $ — $ 24,373 Change in net unrealized losses included in net gains (losses) from investment activities of consolidated VIEs related to investments still held at reporting date — (23,534) (23,534) (1) Transfers between Level II and III were a result of subjecting the broker quotes on these financial assets to various criteria which include the number and quality of broker quotes, the standard deviation of obtained broker quotes and the percentage deviation from external pricing services. The following tables summarize the changes in fair value in financial liabilities measured at fair value for which Level III inputs have been used to determine fair value: For the Year Ended December 31, 2021 Contingent Consideration Obligations Debt and Other Liabilities of Consolidated VIEs Total Balance, Beginning of Period $ 119,788 $ 7,100,620 $ 7,220,408 Issuances — 705,726 705,726 Repayments (20,609) (320,529) (341,138) Net realized losses — 6,713 6,713 Changes in net unrealized losses (1) 26,722 66,212 92,934 Cumulative translation adjustment — (31,626) (31,626) Transfer into Level III (2) — 453 453 Balance, End of Period $ 125,901 $ 7,527,569 $ 7,653,470 Change in net unrealized losses included in net gains (losses) from investment activities of consolidated VIEs related to debt and other liabilities still held at reporting date $ — $ 44,895 $ 44,895 For the Year Ended December 31, 2020 Contingent Consideration Obligations Debt and Other Liabilities of Consolidated VIEs Total Balance, Beginning of Period $ 112,514 $ — $ 112,514 Transfer in due to consolidation — 4,291,286 4,291,286 Issuances — 3,198,863 3,198,863 Repayments (12,870) (284,001) (296,871) Net realized losses — 2,311 2,311 Changes in net unrealized (gains) losses (1) 20,144 (153,612) (133,468) Cumulative translation adjustment — 45,773 45,773 Balance, End of Period $ 119,788 $ 7,100,620 $ 7,220,408 Change in net unrealized gains included in net gains (losses) from investment activities of consolidated VIEs related to debt and other liabilities still held at reporting date $ — $ (219,645) $ (219,645) (1) Changes in fair value of contingent consideration obligations are recorded in profit sharing expense in the consolidated statements of operations. (2) Transfers between Level II and III were a result of subjecting the broker quotes on these financial assets to various criteria which include the number and quality of broker quotes, the standard deviation of obtained broker quotes and the percentage deviation from independent pricing services. The following tables summarize the quantitative inputs and assumptions used for financial assets and liabilities categorized as Level III under the fair value hierarchy: As of December 31, 2021 Fair Value Valuation Techniques Unobservable Inputs Ranges Weighted Average (1) Financial Assets Other investments $ 516,221 Embedded value N/A N/A N/A 169,625 Discounted cash flow Discount rate 14.0% - 52.8% 26.4% 260,338 Adjusted transaction value N/A N/A N/A Due from related parties 47,835 Discounted cash flow Discount rate 16.0% 16.0% Investments of consolidated VIEs: Equity securities 4,144,661 Discounted cash flow Discount rate 3.0% - 19.0% 10.4% Dividend discount model Discount rate 13.7% 13.7% Market comparable companies NTAV multiple 1.25x 1.25x Adjusted transaction value Purchase multiple 1.25x 1.25x Adjusted transaction value N/A N/A N/A Bank loans 4,569,873 Discounted cash flow Discount rate 1.8% - 15.6% 4.3% Adjusted transaction value N/A N/A N/A Profit participating notes 2,849,150 Discounted cash flow Discount rate 8.7% - 12.5% 12.4% Adjusted transaction value N/A N/A N/A Real estate 511,648 Discounted cash flow Capitalization rate 4.0% - 5.8% 5.3% Discounted cash flow Discount rate 5.0% - 12.5% 7.3% Discounted cash flow Terminal capitalization rate 8.3% 8.3% Direct capitalization Capitalization rate 5.5% - 8.5% 6.2% Direct capitalization Terminal capitalization rate 6.0% - 12.0% 6.9% Bonds 50,885 Discounted cash flow Discount rate 4.0% - 7.0% 6.1% Third party pricing N/A N/A N/A Other equity investments 1,061,586 Discounted cash flow Discount rate 11.8% -12.5% 12.1% Adjusted transaction value N/A N/A N/A Total Investments of Consolidated VIEs 13,187,803 Total Financial Assets $ 14,181,822 Financial Liabilities Liabilities of Consolidated VIEs: Secured loans $ 4,311,348 Discounted cash flow Discount rate 1.4% - 10.0% 2.8% Subordinated notes 3,164,491 Discounted cash flow Discount rate 4.5% - 11.9% 5.8% Participating equity 20,640 Discounted cash flow Discount rate 15.0% 15.0% Other liabilities 31,090 Discounted cash flow Discount rate 3.7% - 9.3% 6.3% Total Liabilities of Consolidated VIEs 7,527,569 Contingent Consideration Obligation 125,901 Discounted cash flow Discount rate 18.5% 18.5% Total Financial Liabilities $ 7,653,470 As of December 31, 2020 Fair Value Valuation Techniques Unobservable Inputs Ranges Weighted Average (1) Financial Assets Other investments $ 254,655 Embedded value N/A N/A N/A 107,652 Discounted cash flow Discount rate 16% - 47.5% 23.4% 7,465 Third party pricing N/A N/A N/A Investments of consolidated VIEs: Equity securities 4,339,244 Discounted cash flow Discount rate 4.4% - 15.6% 7.2% Discounted cash flow Disposition timeline 8 - 52 months 28.8 Discounted cash flow 2 year home price index forecast (14%) - 9.6% (2.5%) Dividend discount model Discount rate 9.7% - 13.8% 11.2% Market comparable companies NTAV multiple 1.2x 1.2x Market comparable companies P/E multiple 9.8x 9.8x Market comparable companies TBV multiple 0.56x 0.56x Adjusted transaction value Purchase multiple 1.1x 1.1x Adjusted transaction value N/A N/A N/A Bank loans 3,501,384 Discounted cash flow Discount rate 1.8% - 27.0% 3.4% Recoverability Recoverability rate 14.0% - 75.0% 57.8% Third party pricing N/A N/A N/A Profit participating notes 2,577,596 Discounted cash flow Discount rate 7.5% - 15.0% 14.6% Real estate 422,123 Discounted cash flow Capitalization rate 5.8% - 6.0% 5.8% Discounted cash flow Discount rate 6.3% - 12.5% 8.4% Discounted cash flow Terminal capitalization rate 8.3% 8.3% Direct capitalization Capitalization rate 5.5% - 8.5% 6.6% Direct capitalization Terminal capitalization rate 5.8% - 12% 7.6% Bonds 97,209 Discounted cash flow Discount rate 5.5% - 7.0% 6.5% Third party pricing N/A N/A N/A Convertible securities 16,581 Discounted cash flow Discount rate 12.4% 12.4% Dividend discount model Discount rate 13.8% 13.8% Market comparable companies P/E multiple 9.8x 9.8x Market comparable companies TBV multiple 0.56x 0.56x Warrants 2,676 Option model Volatility 50.0% - 64.4% 53.1% Other equity investments 6,167 Third party pricing N/A N/A N/A Total Investments of Consolidated VIEs 10,962,980 Total Financial Assets $ 11,332,752 Financial Liabilities Liabilities of Consolidated VIEs: Secured loans $ 3,822,475 Discounted cash flow Discount rate 1.8% - 9.3% 2.7% Subordinated notes 3,044,437 Discounted cash flow Discount rate 7.7% - 14.0% 9.9% Adjusted transaction value N/A N/A N/A Preferred equity 213,506 Discounted cash flow Discount rate 15% 15% Other liabilities 20,202 Discounted cash flow Discount rate 1.8% - 7.9% 5.7% Adjusted transaction value N/A N/A N/A Third party pricing N/A N/A N/A Total Liabilities of Consolidated VIEs 7,100,620 Contingent Consideration Obligation 119,788 Discounted cash flow Discount rate 17.5% 17.5% Total Financial Liabilities $ 7,220,408 N/A Not applicable EBITDA Earnings before interest, taxes, depreciation, and amortization NTAV Net tangible asset value P/E Price-to-Earnings TBV Total book value (1) Unobservable inputs were weighted based on the fair value of the investments included in the range. Fair Value Measurement of Investment in Athene Holding As of December 31, 2021, the fair value of Apollo’s Level I investment in Athene Holding was estimated using the closing market price of Athene Holding shares of $83.33. Previously, Apollo’s investment in Athene Holding was subject to a discount for a lack of marketability (“DLOM”). The DLOM was derived based on the average remaining lock up restrictions on the shares of Athene Holding held by Apollo (36 months from the closing date of the transactions contemplated by the Transaction Agreement) and the estimated volatility in such shares of Athene Holding. The historical share price volatility of a representative set of Athene Holding’s publicly traded insurance peers was calculated over the remaining restriction period equivalent to the lock up on the shares of Athene Holding held by Apollo and used as a proxy to estimate the projected volatility in Athene Holding’s shares. The DLOM was adjusted to zero as of December 31, 2021 due to the expected merger with Athene Holding on January 1, 2022. As of December 31, 2020, the fair value of Apollo’s Level II investment in Athene Holding was estimated using the closing market price of Athene Holding shares of $43.14 less a DLOM of 17.5%. Discounted Cash Flow Model When a discounted cash flow model is used to determine fair value, the significant input used in the valuation model is the discount rate applied to present value the projected cash flows. Increases in the discount rate can significantly lower the fair value of an investment and the contingent consideration obligations; conversely decreases in the discount rate can significantly increase the fair value of an investment and the contingent consideration obligations. Consolidated VIEs Investments The significant unobservable inputs used in the fair value measurement of the equity securities include the discount rate applied, purchase multiple, price-to-earnings multiple, total book value multiple and net tangible asset value in the valuation models. These unobservable inputs in isolation can cause significant increases or decreases in fair value. The discount rate is determined based on the market rates an investor would expect for a similar investment with similar risks. The significant unobservable inputs used in the fair value measurement of bank loans are discount rates and recoverability percentage. Significant increases (decreases) in any discount rates would result in a significantly lower (higher) fair value measurement. Significant increases (decreases) in any recoverability percentage would result in a significantly higher (lower) fair value measurement. The significant unobservable inputs used in the fair value measurement of bonds, profit participating notes, and other equity investments are discount rates. Significant increases (decreases) in discount rates would result in a significantly lower (higher) fair value measurements. The significant unobservable inputs used in the fair value measurement of real estate are discount rates and capitalization rates. Significant increases (decreases) in any discount rates or capitalization rates in isolation would result in a significantly lower (higher) fair value measurement. The significant unobservable inputs used in the fair value measurement of convertible securities are discount rates, price-to-earnings multiple and total book value multiple. Significant increases (decreases) in any discount rates would result in a significantly lower (higher) fair value measurement. Significant increases (decreases) in any price-to-earnings multiple or total book value multiple in isolation would result in a significantly higher (lower) fair value measurement. The significant unobservable inputs used in the fair value measurement of warrants are volatility rates. Significant increases (decreases) in volatility rates would result in a significantly higher (lower) fair value measurement. Certain investments are valued using the NAV per share equivalent calculated by the investment manager as a practical expedient to determining an independent fair value. Liabilities The debt obligations of certain consolidated VIEs, that are CLOs, were measured on the basis of the fair value of the financial assets of those CLOs as the financial assets were determined to be more observable and, as a result, categorized as Level II in the fair value hierarchy. The significant unobservable inputs used in the fair value measurement of the Company’s liabilities of consolidated VIEs are discount rates. Significant increases (decreases) in discount rates would result in a significantly lower (higher) fair value measurement. Certain liabilities are valued using the NAV per share equivalent calculated by the investment manager as a practical expedient to determining an independent fair value. Contingent Consideration Obligations The significant unobservable input used in the fair value measurement of the contingent consideration obligations is the discount rate applied in the valuation models. This input in isolation can cause significant increases or decreases in fair value. The discount rate was based on the hypothetical cost of equity in connection with the acquisition of Stone Tower. See note 16 for further discussion of the contingent consideration obligations. Valuation of Underlying Investments of Equity Method Investees As discussed previously, the underlying entities that the Company manages and invests in are primarily investment companies which account for their investments at estimated fair value. On a quarterly basis, Apollo utilizes valuation committees consisting of members from senior management, to review and approve the valuation results related to the investments of the funds it manages. For certain publicly traded vehicles managed by the Company, a review is performed by an independent board of directors. The Company also retains external valuation firms to provide third-party valuation consulting services to Apollo, which consist of certain limited procedures that management identifies and requests them to perform. The limited procedures provided by the external valuation firms assist management with validating their valuation results or determining fair value. The Company performs various back-testing procedures to validate their valuation approaches, including comparisons between expected and observed outcomes, forecast evaluations and variance analyses. However, because of the inherent uncertainty of valuation, those estimated values may differ significantly from the values that would have been used had a ready market for the investments existed, and the differences could be material. Credit Investments The majority of investments in Apollo’s credit funds are valued based on third party vendor prices and/or quoted market prices and valuation models. Quoted market prices are valued based on the average of the “bid” and the “ask” quotes provided by multiple brokers wherever possible without any adjustments. Apollo will designate certain brokers to use to value specific securities. In order to determine the designated brokers, Apollo considers the following: (i) brokers with which Apollo has previously transacted, (ii) the underwriter of the security and (iii) active brokers indicating executable quotes. In addition, when valuing a security based on broker quotes wherever possible Apollo tests the standard deviation amongst the quotes received and the variance between the concluded fair value and the value provided by a pricing service. When broker quotes are not available Apollo considers the use of pricing service quotes or other sources to mark a position. When relying on a pricing service as a primary source, Apollo (i) analyzes how the price has moved over the measurement period, (ii) reviews the number of brokers included in the pricing service’s population, if available, and (iii) validates the valuation levels with Apollo’s pricing team and traders. Debt and equity securities that are not publicly traded or whose market prices are not readily available are valued at fair value utilizing a model based approach to determine fair value. Valuation approaches used to estimate the fair value of illiquid credit investments also may include the market approach and the income approach, as described below. The valuation approaches used consider, as applicable, market risks, credit risks, counterparty risks and foreign currency risks. Private Equity Investments The majority of the illiquid investments within our private equity funds are valued using the market approach, which provides an indication of fair value based on a comparison of the subject company to comparable publicly traded companies and transactions in the industry. The income approach is also used when cash flows can be reasonably estimated. Market Approach The market approach is driven by current market conditions, including actual trading levels of similar companies and, to the extent available, actual transaction data of similar companies. Judgment is required by management when assessing which companies are similar to the subject company being valued. Consideration may also be given to any of the following factors: (1) the subject company’s historical and projected financial data; (2) valuations given to comparable companies; (3) the size and scope of the subject company’s operations; (4) the subject company’s individual strengths and weaknesses; (5) expectations relating to the market’s receptivity to an offering of the subject company’s securities; (6) applicable restrictions on transfer; (7) industry and market information; (8) general economic and market conditions; and (9) other factors deemed relevant. Market approach valuation models typically employ a multiple that is based on one or more of the factors described above. Enterprise value as a multiple of EBITDA is common and relevant for most companies and industries, however, other industry specific multiples are employed where available and appropriate. Sources for gaining additional knowledge related to comparable companies include public filings, annual reports, analyst research reports, and press releases. Once a comparable company set is determined, Apollo reviews certain aspects of the subject company’s performance and determines how its performance compares to the group and to certain individuals in the group. Apollo compares certain measurements such as EBITDA margins, revenue growth over certain time periods, leverage ratios and growth opportunities. In addition, Apollo compares the entry multiple and its relation to the comparable set at the time of acquisition to understand its relation to the comparable set on each measurement date. Income Approach The income approach provides an indication of fair value based on the present value of cash flows that a business or security is expected to generate in the future. The most widely used methodology for the income approach is a discounted cash flow method. Inherent in the discounted cash flow method are significant assumptions related to the subject company’s expected results, the determination of a terminal value and a calculated discount rate, which is normally based on the subject company’s weighted average cost of capital, or “WACC.” The WACC represents the required rate of return on total capitalization, which is comprised of a required rate of return on equity, plus the current tax-effected rate of return on debt, weighted by the relative percentages of equity and debt that are typical in the industry. The most critical step in determining the appropriate WACC for each subject company is to select companies that are comparable in nature to the subject company and the credit quality of the subject company. Sources for gaining additional knowledge about the comparable companies include public filings, annual reports, analyst research reports, and press releases. The general formula then used for calculating the WACC considers the after-tax rate of return on debt capital and the rate of return on common equity capital, which further considers the risk-free rate of return, market beta, market risk premium and small stock premium, if applicable. The variables used in the WACC formula are inferred from the comparable market data obtained. The Company evaluates the comparable companies selected and concludes on WACC inputs based on the most comparable company or analyzes the range of data for the investment. Debt securities that are not publicly traded or whose market prices are not readily available are valued at fair value utilizing a model based approach to determine fair value. Valuation approaches used to estimate the fair value of hybrid capital investments also may include the market approach and the income approach, as previously described above. The valuation approaches used consider, as applicable, market risks, credit risks, counterparty risks and foreign currency risks. The value of liquid investments, where the primary market is an exchange (whether foreign or domestic), is determined using period end market prices. Such prices are generally based on the close price on the date of determination. Real Assets Investments The estimated fair value of commercial mortgage-backed securities (“CMBS”) in Apollo’s real assets funds is determined by reference to market prices provided by certain dealers who make a market in these financial instruments. Broker quotes are only indicative of fair value and may not necessarily represent what the funds would receive in an actual trade for the applicable instrument. Additionally, the loans held-for-investment are stated at the principal amount outstanding, net of deferred loan fees and costs for certain investments. The loans in Apollo’s real assets funds are evaluated for possible impairment on a quarterly basis. For Apollo’s real assets funds, valuations of non-marketable underlying investments are determined using methods that include, but are not limited to (i) discounted cash flow estimates or comparable analysis prepared internally, (ii) third party appraisals or valuations by qualified real estate appraisers and (iii) contractual sales value of investments/properties subject to bona fide purchase contracts. Methods (i) and (ii) also incorporate consideration of the use of the income, cost, or sales comparison approaches of estimating property values. Certain of the credit, private equity, and real assets funds may also enter into foreign currency exchange contracts, total return swap contracts, credit default swap contracts, and other derivative contracts, which may include options, caps, collars and floors. Foreign currency exchange contracts are marked-to-market by recognizing the difference between the contract exchange rate and the current market rate as unrealized appreciation or depreciation. If securities are held at the end of the period, the changes in value are recorded in income as unrealized. Realized gains or losses are recognized when contracts are settled. Total return swap and credit default swap contracts are recorded at fair value as an asset or liability with changes in fair value recorded as unrealized appreciation or depreciation. Realized gains or losses are recognized at the termination of the contract based on the difference between the close-out price of the total return or credit default swap contract and the original contract price. Forward contracts are valued based on market rates obtained from counterparties or prices obtained from recognized financial data service providers.

OTHER ASSETS

OTHER ASSETS	12 Months Ended
	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	OTHER ASSETS Other assets consisted of the following: As of As of Fixed assets $ 256,252 $ 191,853 Less: Accumulated depreciation and amortization (130,072) (111,821) Fixed assets, net 126,180 80,032 Deferred equity-based compensation (1) 282,900 137,777 Prepaid expenses 57,765 46,639 Intangible assets, net 14,846 23,586 Tax receivables 30,334 42,979 Other 73,876 33,950 Total Other Assets $ 585,901 $ 364,963 (1) Deferred equity-based compensation relates to the value of equity-based awards that have been or are expected to be granted in connection with the settlement of certain profit sharing arrangements. A corresponding amount for awards expected to be granted of $210.6 million and $114.6 million, as of December 31, 2021 and 2020, respectively, is included in other liabilities on the consolidated statements of financial condition. Depreciation expense was $18.6 million, $11.4 million and $9.6 million for the years ended December 31, 2021, 2020 and 2019, respectively, and is presented as a component of general, administrative and other expense in the consolidated statements of operations. Intangible assets, net consists of the following: As of December 31, 2021 2020 Intangible assets/management contracts $ 272,542 $ 272,572 Accumulated amortization (257,696) (248,986) Intangible assets, net $ 14,846 $ 23,586 The changes in intangible assets, net consist of the following and includes approximately $1.8 million of indefinite-lived intangible assets as of December 31, 2021 and 2020, respectively. For the Years Ended December 31, 2021 2020 2019 Balance, beginning of year $ 23,586 $ 20,615 $ 18,899 Amortization expense (8,740) (7,431) (6,159) Acquisitions / additions — 10,402 7,875 Balance, end of year $ 14,846 $ 23,586 $ 20,615 Expected amortization of these intangible assets for each of the next 5 years and thereafter is as follows: 2022 2023 2024 2025 2026 Thereafter Total Amortization of intangible assets $ 6,610 $ 4,818 $ 1,388 $ 20 $ 20 $ 230 $ 13,086 There was no impairment of indefinite lived intangible assets as of December 31, 2021 and 2020.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
LEASES	LEASES Apollo has operating leases for office space, data centers, and certain equipment under various lease agreements. The table below presents operating lease expenses recorded in general, administrative and other in the consolidated statements of operations. For the Years Ended December 31, 2021 2020 2019 Operating lease cost $ 48,661 $ 46,483 42,680 The following table presents supplemental cash flow information related to operating leases: For the Years Ended December 31, 2021 2020 2019 Operating cash flows for operating leases $ 31,802 $ 27,452 30,626 As of December 31, 2021, the Company’s total lease payments by maturity are presented in the following table: Operating Lease Payments 2022 $ 54,420 2023 56,633 2024 53,975 2025 52,044 2026 47,284 Thereafter 329,964 Total lease payments $ 594,320 Less imputed interest (89,114) Present value of lease payments $ 505,206 The Company has undiscounted future operating lease payments of $177.2 million related to leases that have not commenced that were entered into as of December 31, 2021. Such lease payments are not yet included in the table above or the Company’s consolidated statements of financial condition as lease assets and lease liabilities. These operating leases are anticipated to commence in 2022 with lease terms of approximately 16 years. Supplemental information related to leases is as follows: As of As of Weighted average remaining lease term (in years) 12.3 13.6 Weighted average discount rate 2.7 % 3.1 %

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company’s income tax (provision) benef it totaled $(594.4) million, $(87.0) million and $129.0 million for the years ended December 31, 2021, 2020 and 2019, respectively. The Company’s effective income tax rate was 12.2%, 15.7% and (9.2)% for t he years ended December 31, 2021, 2020 and 2019, respectively. The Company had significant movement in its effective income tax rate from December 31, 2019 to December 31, 2020 primarily due to the Conversion that occurred on September 5, 2019. Prior to the Conversion, a portion of the investment income, performance allocations and principal investment income earned by the Company was not subject to corporate-level tax in the United States. Subsequent to the Conversion generally all of the income it earns from the AOG entities is subject to U.S. corporate income tax. The Company’s effective tax rates for December 31, 2020 and December 31, 2021 reflect a corporate structure with income allocated to Non-Controlling Interests. The provision for income taxes is presented in the following table: For the Years Ended December 31, 2021 2020 2019 Current: Federal income tax $ 83,201 $ 21,039 $ 1,973 Foreign income tax (1) 32,530 24,926 10,792 State and local income tax 3,562 5,389 3,408 Subtotal 119,293 51,354 16,173 Deferred: Federal income tax 422,561 9,109 (120,457) Foreign income tax (1) (946) 42 128 State and local income tax 53,471 26,461 (24,838) Subtotal 475,086 35,612 (145,167) Total Income Tax Provision (Benefit) $ 594,379 $ 86,966 $ (128,994) (1) The foreign income tax provision was derived from $211.7 million, $115.9 million and $44.7 million of pre-tax income generated in foreign jurisdictions for the years ended December 31, 2021, 2020 and 2019, respectively. The following table reconciles the U.S. Federal statutory tax rate to the effective income tax rate: For the Years Ended December 31, 2021 2020 2019 U.S. Federal Statutory Tax Rate 21.0 % 21.0 % 21.0 % Income Passed Through to Non-Controlling Interests (10.4) (12.2) (10.7) Income Passed Through to Class A Shareholders — — (2.7) State and Local Income Taxes (net of Federal Benefit) 0.8 3.8 1.1 Impact of Corporate Conversion — 0.9 (16.7) Impact of Foreign Taxes (net of Foreign Tax Credit) 0.3 2.3 0.5 Impact of Equity-Based Compensation 0.5 (1.2) (0.9) Other — 1.1 (0.8) Effective Income Tax Rate 12.2 % 15.7 % (9.2) % Deferred income taxes are provided for the effects of temporary differences between the tax basis of an asset or liability and its reported amount in the consolidated statements of financial condition. Temporary differences result in taxable or deductible amounts in future years. The Company’s deferred tax assets and liabilities in the consolidated statements of financial condition consist of the following: As of December 31, 2021 2020 Deferred Tax Assets: Depreciation and amortization $ 507,594 $ 273,545 Net operating loss carryforwards 1,414 4,026 Deferred Revenue 5,981 3,329 Equity-based compensation 62,618 14,243 Foreign tax credit — 5,854 Basis difference in investments — 204,653 Other 39,805 33,894 Total Deferred Tax Assets 617,412 539,544 Deferred Tax Liabilities: Basis difference in investments 192,538 — Other 742 300 Total Deferred Tax Liabilities 193,280 300 Total Deferred Tax Assets, Net $ 424,132 $ 539,244 As of December 31, 2021, the Company had no federal net operating loss (“NOL”) carryforward and $24.6 million of state and local net operating loss carryforwards, any unused portion of which will expire in 2035. The Company had no foreign tax credit carryforwards as of December 31, 2021. The Company considered its historic and current year earnings, business forecasts, enacted tax law, and other sources of income in evaluating whether a valuation allowance should be established on deferred tax assets. The Company concluded that it is more likely than not that its deferred tax assets will be realized, and no valuation allowance was needed as of December 31, 2021. Under U.S. GAAP, a tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. Based upon the Company’s review of its federal, state, local and foreign income tax returns and tax filing positions, the Company determined that no material unrecognized tax benefits for uncertain tax positions were required to be recorded. In addition, the Company does not believe that it has any tax positions for which it is reasonably possible that it will be required to record significant amounts of unrecognized tax benefits within the next twelve months. The primary jurisdictions in which the Company operates and incurs income taxes are the United States and the United Kingdom. There are no unremitted earnings with respect to the United Kingdom and other foreign entities. In the normal course of business, the Company is subject to examination by federal, state, local and foreign tax authorities. As of December 31, 2021, the Company’s U.S. federal, state, local and foreign income tax returns for the years 2018 through 2020 are open under the general statute of limitations provisions and therefore subject to examination. Currently, the Internal Revenue Service is examining the tax returns of the Company and certain subsidiaries for the 2019 tax year. The State and City of New York are examining certain subsidiaries’ tax returns for tax years 2011 to 2018. The United Kingdom and India tax authorities are currently examining certain subsidiaries’ tax returns for tax year 2017. No provisions with respect to these examinations have been recorded. The Company records deferred tax assets as a result of the step-up in the tax basis of assets, including intangibles resulting from exchanges of AOG Units for Class A Common Stock by the Former Managing Partners and Contributing Partners. A related liability is recorded in “Due to Related Parties” in the consolidated statements of financial condition for the expected payments under the tax receivable agreement entered into by and among AGM Inc & subsidiaries, the Former Managing Partners, the Contributing Partners, and other parties thereto (as amended, the “tax receivable agreement”) (see note 15). The benefit the Company obtains from the difference in the tax asset recognized and the related liability results in an increase to additional paid in capital. The amortization period for the portion of the increase in tax basis related to intangibles is 15 years. The realization of the remaining portion of the increase in tax basis relates to the disposition of the underlying assets to which the step-up is attributed. The associated deferred tax assets reverse at the time of the corresponding asset disposition. The table below presents the impact to the deferred tax asset, tax receivable agreement liability and additional paid in capital related to the exchange of AOG Units for Class A shares. Exchange of AOG Units Increase in Deferred Tax Asset Increase in Tax Receivable Agreement Liability Increase to Additional Paid In Capital For the Year Ended December 31, 2021 $ 346,896 $ 287,917 $ 58,979 For the Year Ended December 31, 2020 $ 86,864 $ 68,801 $ 28,904 On March 27, 2020, the U.S. federal government enacted the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). The CARES Act is an emergency economic stimulus package in response to the coronavirus outbreak which, among other things, contains numerous income tax provisions. The provisions of the CARES Act have not had a material impact on the Company’s consolidated financial statements or related disclosures.

DEBT

DEBT	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
DEBT	DEBT Debt consisted of the following: As of December 31, 2021 As of December 31, 2020 Outstanding Fair Value Annualized Outstanding Fair Value Annualized 2024 Senior Notes (1) $ 498,469 $ 530,052 (4) 4.00 % $ 497,817 $ 553,633 (4) 4.00 % 2026 Senior Notes (1) 497,730 553,055 (4) 4.40 497,217 581,898 (4) 4.40 2029 Senior Notes (1) 674,786 777,703 (4) 4.87 674,757 804,768 (4) 4.87 2030 Senior Notes (1) 494,928 506,094 (4) 2.65 494,375 513,362 (4) 2.65 2039 Senior Secured Guaranteed Notes (1) 317,985 369,041 (5) 4.77 317,042 376,472 (5) 4.77 2048 Senior Notes (1) 296,757 397,191 (4) 5.00 296,633 379,953 (4) 5.00 2050 Subordinated Notes (1) 296,675 308,687 (4) 4.95 296,557 307,500 (4) 4.95 Secured Borrowing I (2) — — — 19,526 19,527 (3) 1.84 Secured Borrowing II (2) 19,334 19,239 (3) 1.70 20,767 20,773 (3) 1.71 2016 AMI Term Facility I (2) 19,186 19,186 (3) 1.30 20,608 20,608 (3) 1.30 2016 AMI Term Facility II (2) 18,546 18,546 (3) 1.40 19,922 19,922 (3) 1.40 Total Debt $ 3,134,396 $ 3,498,794 $ 3,155,221 $ 3,598,416 (1) Includes amortization of note discount, as applicable. Outstanding balance is presented net of unamortized debt issuance costs: As of December 31, 2021 As of December 31, 2020 2024 Senior Notes $ 1,289 $ 1,841 2026 Senior Notes 2,076 2,545 2029 Senior Notes 4,635 5,282 2030 Senior Notes 3,824 4,231 2039 Senior Secured Guaranteed Notes 7,015 7,958 2048 Senior Notes 2,960 3,073 2050 Subordinated Notes 3,325 3,443 Total $ 25,124 $ 28,373 (2) Apollo Management International LLP (“AMI”), a subsidiary of the Company, entered into several credit facilities (collectively referred to as the “AMI Facilities”) to fund the Company’s investment in certain European CLOs it manages: Facility Date Loan Amount Secured Borrowing I December 19, 2019 € 15,984 Secured Borrowing II March 5, 2020 € 17,000 2016 AMI Term Facility I January 18, 2016 € 16,870 2016 AMI Term Facility II June 22, 2016 € 16,308 The Secured Borrowings consist of obligations through repurchase agreements redeemable at maturity with third party lenders. The Secured Borrowing I facility was fully repaid as of December 31, 2021. The remaining maturity of Secured Borrowing II is 10.3 years. (3) Fair value is based on obtained broker quotes. These notes are classified as a Level III liability within the fair value hierarchy based on the number and quality of broker quotes obtained, the standard deviations of the observed broker quotes and the percentage deviation from external pricing services. For instances where broker quotes are not available, a discounted cash flow method is used to obtain a fair value. (4) Fair value is based on obtained broker quotes. These notes are classified as a Level II liability within the fair value hierarchy based on the number and quality of broker quotes obtained, the standard deviations of the observed broker quotes and the percentage deviation from external pricing services. (5) Fair value is based on a discounted cash flow method. These notes are classified as a Level III liability within the fair value hierarchy. AMH Credit Facility —On November 23, 2020, AMH as the Borrower entered into a new credit agreement (the “AMH Credit Facility”) with the lenders and issuing banks party thereto and Citibank, N.A., as administrative agent for the lenders. The AMH Credit Facility refinanced the 2018 AMH Credit Facility listed below. The AMH Credit Facility provides for a $750 million revolving credit facility to the Borrower with a final maturity date of November 23, 2025. The AMH Credit Facility is to remain available until its maturity, and any undrawn revolving commitments bear a commitment fee. The interest rate on the AMH Credit Facility is based on various reference interest rates, including USD London Inter-Bank Offered Rate (“LIBOR”), and the applicable margin for USD LIBOR as of December 31, 2021 was 1.00%. The commitment fee on the $750 million undrawn AMH Credit Facility as of December 31, 2021 was 0.09%. Borrowings under the AMH Credit Facility may be used for working capital and general corporate purposes, including, without limitation, permitted acquisitions. The Borrower may incur incremental facilities in respect of the AMH Credit Facility in an aggregate amount not to exceed $250 million plus additional amounts so long as the Borrower is in compliance with a net leverage ratio not to exceed 4.00 to 1.00. As of December 31, 2021, the AMH Credit Facility was undrawn. 2018 AMH Credit Facility —On July 11, 2018, AMH as borrower (the “Borrower”) entered into a credit agreement (the “2018 AMH Credit Facility”) with the lenders and issuing banks party thereto and Citibank, N.A., as administrative agent for the lenders. The AMH Credit Facility refinanced the 2018 AMH Credit Facility at substantially the same terms. The 2018 AMH Credit Facility and all related loan documents were terminated as of November 23, 2020. 2024 Senior Notes —On May 30, 2014, AMH issued $500 million in aggregate principal amount of its 4.000% Senior Notes due 2024 (the “2024 Senior Notes”), at an issue price of 99.722% of par. Interest on the 2024 Senior Notes is payable semi-annually in arrears on May 30 and November 30 of each year. The 2024 Senior Notes will mature on May 30, 2024. The discount is amortized into interest expense on the consolidated statements of operations over the term of the 2024 Senior Notes. The Company is obligated to settle the 2024 Senior Notes for the face amount of $500 million. 2026 Senior Notes —On May 27, 2016, AMH issued $500 million in aggregate principal amount of its 4.400% Senior Notes due 2026 (the “2026 Senior Notes”), at an issue price of 99.912% of par. Interest on the 2026 Senior Notes is payable semi-annually in arrears on May 27 and November 27 of each year. The 2026 Senior Notes will mature on May 27, 2026. The discount is amortized into interest expense on the consolidated statements of operations over the term of the 2026 Senior Notes. The Company is obligated to settle the 2026 Senior Notes for the face amount of $500 million. 2029 Senior Notes —On February 7, 2019, AMH issued $550 million in aggregate principal amount of its 4.872% Senior Notes due 2029, at an issue price of 99.999% of par. On June 11, 2019, AMH issued an additional $125 million in aggregate principal amount of its 4.872% Senior Notes due 2029 (the “Additional Notes”), at an issue price of 104.812% of par. The Additional Notes constitute a single class of securities with the previously issued senior notes due 2029 (collectively, the “2029 Senior Notes”). Interest on the 2029 Senior Notes is payable semi-annually in arrears on February 15 and August 15 of each year. The 2029 Senior Notes will mature on February 15, 2029. The discount is amortized into interest expense on the consolidated statements of operations over the term of the 2029 Senior Notes. The Company is obligated to settle the 2029 Senior Notes for the face amount of $675 million. 2030 Senior Notes —On June 5, 2020, AMH issued $500 million in aggregate principal amount of its 2.65% Senior Notes due 2030 (the “2030 Senior Notes”), at an issue price of 99.704% of par. Interest on the 2030 Senior Notes is payable semi-annually in arrears on June 5 and December 5 of each year. The 2030 Senior Notes will mature on June 5, 2030. The discount is amortized into interest expense on the consolidated statements of operations over the term of the 2030 Senior Notes. The Company is obligated to settle the 2030 Senior Notes for the face amount of $500 million. 2039 Senior Secured Guaranteed Notes —On June 10, 2019, APH Finance 1, LLC (the “Issuer”), a subsidiary of the Company, issued $325 million in aggregate principal amount of its 4.77% Series A Senior Secured Guaranteed Notes due 2039 (the “2039 Senior Secured Guaranteed Notes”). The 2039 Senior Secured Guaranteed Notes are secured by a lien on the Issuer’s and the guarantors’ participation interests in the rights to distributions in relation to a portfolio of equity investments owned by affiliates of the Company in certain existing and future funds managed or advised by subsidiaries of the Company. Interest on the 2039 Senior Secured Guaranteed Notes is payable on a quarterly basis. The 2039 Senior Secured Guaranteed Notes will mature in July 2039, but, unless prepaid to the extent permitted under the indenture governing the 2039 Senior Secured Guaranteed Notes, the anticipated repayment date will be in July 2029. If the Issuer has not repaid or refinanced the 2039 Senior Secured Guaranteed Notes prior to the anticipated repayment date an additional 5.0% per annum will accrue on the 2039 Senior Secured Guaranteed Notes. The issuance costs are amortized into interest expense on the consolidated statements of operations over the expected term of the 2039 Senior Secured Guaranteed Notes. 2048 Senior Notes —On March 15, 2018, AMH issued $300 million in aggregate principal amount of its 5.000% Senior Notes due 2048 (the “2048 Senior Notes”), at an issue price of 99.892% of par. Interest on the 2048 Senior Notes is payable semi-annually in arrears on March 15 and September 15 of each year. The 2048 Senior Notes will mature on March 15, 2048. The discount is amortized into interest expense on the consolidated statements of operations over the term of the 2048 Senior Notes. The Company is obligated to settle the 2048 Senior Notes for the face amount of $300 million. 2050 Subordinated Notes —On December 17, 2019, AMH issued $300 million in aggregate principal amount of its 4.950% Fixed-Rate Resettable Subordinated Notes due 2050 (the “2050 Subordinated Notes”), at an issue price of 100.000% of par. Interest on the 2050 Subordinated Notes is payable semi-annually in arrears on June 17 and December 17 of each year. The 2050 Subordinated Notes will mature on January 14, 2050. The discount is amortized into interest expense on the consolidated statements of operations over the term of the 2050 Subordinated Notes. The Company is obligated to settle the 2050 Subordinated Notes for the face amount of $300 million. As of December 31, 2021, the indentures governing the 2024 Senior Notes, the 2026 Senior Notes, the 2029 Senior Notes, the 2030 Senior Notes, the 2048 Senior Notes and the 2050 Subordinated Notes (the “Indentures”) include covenants that restrict the ability of AMH and, as applicable, the guarantors of the notes under the Indentures to incur indebtedness secured by liens on voting stock or profit participating equity interests of their respective subsidiaries, or merge, consolidate or sell, transfer or lease assets. The Indentures also provide for customary events of default. As of December 31, 2021, the indenture governing the 2039 Senior Secured Guaranteed Notes includes a series of covenants and restrictions customary for transactions of this type, including covenants that (i) require the Issuer to maintain specified reserve accounts to be used to make required payments in respect of the 2039 Senior Secured Guaranteed Notes, (ii) relate to prepayments and related payments of specified amounts, including specified make-whole payments under certain circumstances and (iii) relate to recordkeeping, access to information and similar matters. The following table presents the interest expense incurred related to the Company’s debt: For the Years Ended December 31, 2021 2020 2019 Interest Expense: (1) 2018 AMH Credit Facility $ — $ 1,215 $ 1,277 AMH Credit Facility 1,301 73 — 2024 Senior Notes 20,652 20,652 20,652 2026 Senior Notes 22,513 22,513 22,513 2029 Senior Notes 32,916 32,916 27,743 2030 Senior Notes 13,845 7,888 — 2039 Senior Secured Guaranteed Notes 16,445 16,445 9,182 2048 Senior Notes 15,124 15,124 15,124 2050 Subordinated Notes 14,968 14,970 586 AMI Term Facilities/ Secured Borrowings 1,326 1,443 1,292 Total Interest Expense $ 139,090 $ 133,239 $ 98,369 (1) Debt issuance costs incurred are amortized into interest expense over the term of the debt arrangement, as applicable. The table below presents the contractual maturities for the Company's debt arrangements as of December 31, 2021: 2022 2023 2024 2025 2026 Thereafter Total 2024 Senior Notes $ — $ — $ 500,000 $ — $ — $ — $ 500,000 2026 Senior Notes — — — — 500,000 — 500,000 2029 Senior Notes — — — — — 675,000 675,000 2030 Senior Notes — — — — — 500,000 500,000 2039 Senior Secured Guaranteed Notes — — — — — 325,000 325,000 2048 Senior Notes — — — — — 300,000 300,000 2050 Subordinated Notes — — — — — 300,000 300,000 Secured Borrowing II — — — — — 19,334 19,334 2016 AMI Term Facility I — — — 19,186 — — 19,186 2016 AMI Term Facility II — 18,546 — — — — 18,546 Total Obligations as of December 31, 2021 $ — $ 18,546 $ 500,000 $ 19,186 $ 500,000 $ 2,119,334 $ 3,157,066

NET INCOME PER SHARE OF CLASS A

NET INCOME PER SHARE OF CLASS A COMMON STOCK	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
NET INCOME PER SHARE OF CLASS A COMMON STOCK	NET INCOME PER SHARE OF CLASS A COMMON STOCK The table below presents basic and diluted net income per share of Class A Common Stock using the two-class method: Basic and Diluted For the Years Ended December 31, 2021 2020 2019 Numerator: Net Income Attributable to Apollo Global Management, Inc. Class A Common Stockholders $ 1,801,835 $ 119,958 $ 806,537 Dividends declared on Class A Common Stock (1) (500,286) (530,576) (417,386) Dividends on participating securities (2) (16,851) (18,956) (17,888) Earnings allocable to participating securities (54,283) — (3) (17,343) Undistributed income (loss) attributable to Class A Common Stockholders: Basic 1,230,415 (429,574) 353,920 Dilution effect on distributable income attributable to unvested RSUs — — 3,173 Undistributed income (loss) attributable to Class A Common Stockholders: Diluted $ 1,230,415 $ (429,574) $ 357,093 Denominator: Weighted average number of shares of Class A Common Stock outstanding: Basic 236,567,691 227,530,600 207,072,413 Dilution effect of unvested RSUs — — 1,676,111 Weighted average number of shares of Class A Common Stock outstanding: Diluted 236,567,691 227,530,600 208,748,524 Net Income per share of Class A Common Stock: Basic Distributed Income $ 2.10 $ 2.31 $ 2.02 Undistributed Income (Loss) 5.22 (1.87) 1.70 Net Income per share of Class A Common Stock: Basic $ 7.32 $ 0.44 $ 3.72 Net Income per share of Class A Common Stock: Diluted (4) Distributed Income $ 2.10 $ 2.31 $ 2.01 Undistributed Income (Loss) 5.22 (1.87) 1.70 Net Income per share of Class A Common Stock: Diluted $ 7.32 $ 0.44 $ 3.71 (1) See note 14 for information regarding the quarterly dividends declared and paid during 2021 , 2020 and 2019. (2) Participating securities consist of vested and unvested RSUs that have rights to dividends and unvested restricted shares. (3) No allocation of undistributed losses was made to the participating securities as the holders do not have a contractual obligation to share in the losses of the Company with Class A Common Stockholders. (4) For the years ended December 31, 2021 and 2020, all of the classes of securities were determined to be anti-dilutive. For the year ended December 31, 2019, unvested RSUs were determined to be dilutive, and were accordingly included in the diluted earnings per share calculation. For the year ended December 31, 2019, the share options, AOG Units and participating securities were determined to be anti-dilutive and were accordingly excluded from the diluted earnings per share calculation. The Company has granted RSUs that provide the right to receive, subject to vesting during continued employment, shares of Class A Common Stock pursuant to the Equity Plan. The Company has three types of RSU grants, which we refer to as Plan Grants, Bonus Grants and Performance Grants. “Plan Grants” vest over time (generally one three Any dividend equivalent paid to an employee will not be returned to the Company upon forfeiture of the award by the employee. Vested and unvested RSUs that are entitled to non-forfeitable dividend equivalents qualify as participating securities and are included in the Company’s basic and diluted earnings per share computations using the two-class method. The holder of an RSU participating security would have a contractual obligation to share in the losses of the entity if the holder is obligated to fund the losses of the issuing entity or if the contractual principal or mandatory redemption amount of the participating security is reduced as a result of losses incurred by the issuing entity. The RSU participating securities do not have a mandatory redemption amount and the holders of the participating securities are not obligated to fund losses; therefore, neither the vested RSUs nor the unvested RSUs are subject to any contractual obligation to share in losses of the Company. Certain holders of AOG Units were subject to the transfer restrictions set forth in the agreements with the respective holders and could, upon notice (subject to the terms of an exchange agreement), exchange their AOG Units for shares of Class A Common Stock on a one-for-one basis. Such AOG Unit holders were required to exchange one unit in each of the Apollo Operating Group partnerships or limited liability companies to effectuate an exchange for one share of Class A Common Stock. Concurrently with the closing of the Mergers, each outstanding AOG Unit, other than those held indirectly by AAM and those held indirectly by Athene, was exchanged for one AGM Share. Prior to December 31, 2021 , Apollo Global Management, Inc. had one share of Class B Common Stock outstanding, which was held by BRH Holdings GP, Ltd. (“BRH”). The voting power of the share of Class B Common Stock was reduced on a one vote per one AOG Unit basis in the event of an exchange of AOG Units for shares of Class A Common Stock, subject to the terms of the AGM Inc. Certificate of Incorporation. The Class B Common Stock had no net income (loss) per share as it did not participate in Apollo’s earnings (losses) or dividends. The Class B Common Stock had no dividend rights and only a de minimis liquidation right. The Class B Common Stock represented 0.0%, 47.2% and 44.7% of the total voting power of the Company’s Class A Common Stock and Class B Common Stock with respect to the limited matters upon which they were entitled to vote together as a single class pursuant to the Company’s governing documents as of December 31, 2021, 2020 and 2019, respectively. On December 31, 2021, the sole outstanding Class B share was exchanged for 10 Class A shares, which were subsequently exchanged into 10 AGM Shares in the AAM Merger on January 1, 2022. The following table summarizes the anti-dilutive securities. For the Years Ended December 31, 2021 2020 2019 Weighted average vested RSUs 1,725,294 479,603 430,748 Weighted average unvested RSUs 7,783,549 7,882,039 N/A Weighted average unexercised options — — 152,084 Weighted average AOG Units outstanding (1) 166,601,194 175,303,111 195,124,877 Weighted average unvested restricted shares 927,991 1,129,452 959,069 (1) Excludes AOG Units owned by Athene. Athene could only redeem their AOG Units by selling to Apollo or to a different buyer with Apollo’s agreement as detailed in the Liquidity Agreement (see note 15). As these AOG Units were not convertible into shares of Class A Common Stock, they were excluded when calculating diluted net income per share.

EQUITY-BASED COMPENSATION

EQUITY-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
EQUITY-BASED COMPENSATION	EQUITY-BASED COMPENSATION Equity-based awards granted to employees and non-employees as compensation are measured based on the grant date fair value of the award. Equity-based awards that do not require future service (i.e., vested awards) are expensed immediately. Equity-based employee awards that require future service are expensed over the relevant service period. Equity-based awards that require performance metrics to be met are expensed only when the performance metric is met or deemed probable. RSUs The Company has granted RSUs under the Equity Plan. The fair value of all grants is based on the grant date fair value, which considers the public share price of the Company’s Class A Common Stock subject to certain discounts, as applicable. The following table summarizes the weighted average discounts for Plan Grants, Bonus Grants and Performance Grants. For the Years Ended December 31, 2021 2020 2019 Plan Grants: Discount for the lack of distributions until vested (1) — % 0.1 % 18.7 % Marketability discount for transfer restrictions (2) 12.7 % 9.4 % 4.9 % Bonus Grants: Marketability discount for transfer restrictions (2) 3.5 % 3.0 % 4.1 % Performance Grants: Discount for the lack of distributions until vested (1) 7.3 % 8.7 % 14.0 % Marketability discount for transfer restrictions (2) 5.6 % 9.2 % 5.9 % (1) Based on the present value of a growing annuity calculation. (2) Based on the Finnerty Model calculation. The estimated total grant date fair value for Plan Grants and Bonus Grants is charged to compensation expense on a straight-line basis over the vesting period, which for Plan Grants is generally one During the year ended December 31, 2021 and December 31, 2020, the Company awarded Performance Grants of 2.7 million and 2.2 million RSUs to certain employees with a grant date fair value of $142.7 and $86.6 million, respectively, which vest subject to continued employment and the Company’s receipt of performance revenues, within prescribed periods, sufficient to cover the associated equity-based compensation. During the year ended December 31, 2020, the Company modified Plan Grants of 0.5 million RSUs with a grant date fair value of $15.6 million to Performance Grants of 0.5 million RSUs. The modification did not result in a change to the grant date fair value of the awards, as performance conditions that impact vesting are not considered in the determination of the fair value of an award and the award is otherwise expected to vest under the original terms. During the year ended December 31, 2021, there were no modifications of Plan Grants. In accordance with U.S. GAAP, equity-based compensation expense for these types of Performance Grants will be recognized on an accelerated recognition method over the requisite service period to the extent the performance revenue metrics are met or deemed probable. The Company also awarded certain Performance Grants based on whether year-over-year growth in certain discretionary earnings metrics were attained prior to grant and they remained e mployed at the grant date. Once granted, the awards vest subject to continued employment and the Company’s receipt of performance revenues sufficient to cover the associated equity-based compensation expense. In connection with these agreements, the Company granted 0.2 million RSUs with a grant date fair value of $7.5 million that fully vested and were expensed during the year ended December 31, 2021, and granted 0.3 million RSUs with a grant date fair value of $11.7 million that were fully vested and were expensed during the year ended December 31, 2020. Additionally, the Company awarded the Co-Presidents Performance Grants of 2.0 million RSUs with a grant date fair value of $125.5 million which vest on a cliff basis subject to continued employment over five years and the Company’s achievement of fee related earnings and spread related earnings per share targets. The following table summarizes the equity-based compensation expense recognized relating to Performance Grants: For the Years Ended December 31, 2021 2020 2019 Equity-based compensation $ 103,694 $ 96,750 $ 71,438 The grant date fair value of all RSU grants made during the years ended December 31, 2021, 2020 and 2019 wa s $1.6 billion, $192.5 million and $121.4 million, respectively. Included in the December 31, 2021 grant date fair value is $906.5 million related to fully-vested one-time grants in connection with the Company’s compensation reset and were expensed immediately as they did not require future service. The following table presents the actual forfeiture rates and equity-based compensation expense recognized: For the Years Ended December 31, 2021 2020 2019 Actual forfeiture rate 0.7 % 6.9 % 2.1 % Equity-based compensation 1,130,797 173,199 146,096 The following table summarizes RSU activity: Unvested Weighted Average Grant Date Fair Value Vested Total Number of RSUs Outstanding Balance at January 1, 2021 8,978,393 $ 31.89 1,833,332 10,811,725 (1) Granted 11,406,160 60.82 14,822,465 26,228,625 Forfeited (224,195) 44.03 (12,134) (236,329) Vested (4,731,942) 36.57 4,731,942 — Issued — — (5,399,054) (5,399,054) Balance at December 31, 2021 15,428,416 (2) $ 51.67 15,976,551 31,404,967 (1) (1) Amount excludes RSUs which have vested and have been issued in the form of Class A Common Stock. (2) Includes 6,534,295 Performance Grant RSUs, 1,971,086 Bonus Grant RSUs and 6,923,035 Plan Grant RSUs. As of December 31, 2021, there was of $640.9 million total unrecognized equity-based compensation expense related to unvested RSUs, which is expected to be recognized over a weighted-average term of 3.4 years. Restricted Share Awards The Company has granted restricted share awards under the Equity Plan primarily in connection with certain profit sharing arrangements. The fair value of restricted share grants is the public share price of the Company’s Class A Common Stock on the grant date. The grant date fair value of these awards is recognized as equity-based compensation expense on a straight-line basis over the vesting period. T he fair value of restricted share award grants made during the years ended December 31, 2021, 2020 and 2019 was $152.1 million, $30.7 million and $11.1 million, respectively. The following table presents the actual forfeiture rates and equity-based compensation expense recognized: For the Years Ended December 31, 2021 2020 2019 Actual forfeiture rate — % 3.6 % 0.8 % Equity-based compensation $ 30,240 $ 25,846 $ 17,095 The following table summarizes the restricted share award activity: Unvested Weighted Average Grant Date Fair Value Vested Total Number of Restricted Share Awards Outstanding Balance at January 1, 2021 759,252 $ 41.52 — 759,252 Granted 1,188,207 68.34 1,037,738 2,225,945 Forfeited — — — — Vested (477,458) 39.89 477,458 — Issued — 60.62 (477,458) (477,458) Balance at December 31, 2021 1,470,001 $ 63.73 1,037,738 2,507,739 As of December 31, 2021, there was $72.0 million of total unrecognized equity-based compensation expense related to unvested restricted share awards, which is expected to be recognized over a weighted-average term of 2.2 years. Restricted Stock and Restricted Stock Unit Awards—ARI and AINV The Company has granted ARI and AINV restricted share units to certain employees of the Company. Separately, ARI granted restricted stock awards and restricted stock unit awards ("ARI Awards") to certain employees of the Company. These awards generally vest over three years, either quarterly or annually. The awards granted to the Company are recorded as investments under the equity method of accounting and deferred revenue in the consolidated statements of financial condition. As these awards vest, the deferred revenue is recognized as management fees. The awards granted to the Company’s employees are recorded in other assets and other liabilities in the consolidated statements of financial condition. The grant date fair value of the asset is amortized through equity-based compensation on a straight-line basis over the vesting period. The fair value of the liability is remeasured each period with any changes in fair value recorded in compensation expense in the consolidated statements of operations. Compensation expense is offset by related management fees earned by the Company from ARI and AINV, respectively. The grant date fair value of the employees’ awards is based on the then public share price of ARI and AINV at grant, less discounts for transfer restrictions, and has been categorized as Level II within the fair value hierarchy as a result. The following table summarizes the management fees, equity-based compensation expense, and actual forfeiture rates for the ARI Awards: For the Years Ended December 31, 2021 2020 2019 Management fees $ 14,726 $ 10,134 $ 16,697 Equity-based compensation $ 14,726 $ 10,134 $ 16,697 Actual forfeiture rate 1.2 % 1.0 % 1.2 % The following table summarizes activity for the ARI Awards that were granted to certain of the Company’s employees: ARI Awards Unvested Weighted Average Grant Date Fair Value ARI Awards Vested Total Number of ARI Awards Outstanding Balance at January 1, 2021 2,529,025 $ 13.81 952,751 3,481,776 Granted 1,323,487 13.20 — 1,323,487 Forfeited (44,891) 13.69 — (44,891) Delivered — 11.03 (1,023,308) (1,023,308) Vested (1,206,452) 14.97 1,206,452 — Balance at December 31, 2021 2,601,169 (1) $ 12.98 1,135,895 3,737,064 (1) ARI Awards are expected to vest over the next 2.4 years. The following table summarizes activity for the AINV Awards that were granted to certain of the Company’s employees: AINV Unvested RSUs Weighted Average Grant Date Fair Value AINV RSUs Total Number of AINV Awards Outstanding Balance at January 1, 2021 298,601 11.32 134,189 432,790 Granted 145,190 12.71 — 145,190 Forfeited — — — — Delivered — 13.83 (206,784) (206,784) Vested (209,679) 11.98 209,679 — Balance at December 31, 2021 234,112 (1) 11.60 137,084 371,196 (1) AINV Awards are expected to vest ov er the next 2.2 years. Equity-Based Compensation Allocation Equity-based compensation is allocated based on ownership interests. Therefore, the amortization of equity-based compensation is allocated to stockholders’ equity attributable to AGM Inc. and the Non-Controlling Interests, which results in a difference in the amounts charged to equity-based compensation expense and the amounts credited to stockholders’ equity attributable to AGM Inc. in the Company’s consolidated financial statements. Below is a reconciliation of the equity-based compensation allocated to AGM Inc.: For the Year Ended December 31, 2021 Total Amount Non-Controlling Interest % in Apollo Operating Group Allocated to Non-Controlling Interest in Apollo Operating Group (1) Allocated to Apollo Global Management, Inc. RSUs, share options and restricted share awards $ 1,160,235 — % $ — $ 1,160,235 Other equity-based compensation awards 20,428 42.6 8,704 11,724 Total equity-based compensation $ 1,180,663 8,704 1,171,959 Less other equity-based compensation awards (2) (8,704) (20,376) Capital increase related to equity-based compensation $ — $ 1,151,583 For the Year Ended December 31, 2020 Total Amount Non-Controlling Interest % in Apollo Operating Group Allocated to Non-Controlling Interest in Apollo Operating Group (1) Allocated to Apollo Global Management, Inc. RSUs, share options and restricted share awards $ 197,072 — % $ — $ 197,072 Other equity-based compensation awards 16,068 47.1 7,575 8,493 Total equity-based compensation $ 213,140 7,575 205,565 Less other equity-based compensation awards (2) (7,575) (31,733) Capital increase related to equity-based compensation $ — $ 173,832 For the Year Ended December 31, 2019 Total Amount Non-Controlling Interest % in Apollo Operating Group Allocated to Non-Controlling Interest in Apollo Operating Group (1) Allocated to Apollo Global Management, Inc. RSUs, share options and restricted share awards $ 161,995 — % $ — $ 161,995 Other equity-based compensation awards 27,653 44.7 12,355 15,298 Total equity-based compensation $ 189,648 12,355 177,293 Less other equity-based compensation awards (2) (12,355) (30,575) Capital increase related to equity-based compensation $ — $ 146,718 (1) Calculated based on average ownership percentage for the period considering issuances of Class A shares or Class A Common Stock, as applicable, during the period. (2) Includes equity-based compensation reimbursable by certain funds.

EQUITY

EQUITY	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
EQUITY	EQUITY Common Stock As a result of the Conversion, (i) each Class A share converted into one share of Class A Common Stock (ii) the Class B share converted into one share of Class B Common Stock and (iii) the Former Manager was granted one issued and outstanding, fully paid and nonassessable share of Class C Common Stock, which bestowed to its holder certain management rights over the Company. Prior to the merger with Athene, on December 31, 2021, the one share of Class B Common Stock and the one share of Class C Common Stock were exchanged for 10 shares each of Class A Common Stock, which were subsequently exchanged into 10 AGM shares each in the AAM Merger on January 1, 2022. Both the Class B Common Stock and Class C Common Stock were subsequently cancelled. The Company had no Class B or Class C Common Stock outstanding as of December 31, 2021. Holders of Class A Common Stock are entitled to participate in dividends from the Company on a pro rata basis. During the years ended December 31, 2021, 2020 and 2019, the Company issued shares of Class A Common Stock in settlement of vested RSUs. The Company has generally allowed holders of vested RSUs and exercised share options to settle their tax liabilities by reducing the number of shares of Class A Common Stock issued to them, which the Company refers to as “net share settlement.” Additionally, the Company has generally allowed holders of share options to settle their exercise price by reducing the number of shares of Class A Common Stock issued to them at the time of exercise by an amount sufficient to cover the exercise price. The net share settlement results in a liability for the Company and a corresponding accumulated deficit adjustment. In January 2019, Apollo increased its authorized share repurchase amount by $250 million, bringing the total authorized repurchase amount to $500 million. On March 12, 2020, Apollo announced that the executive committee of the Company’s board of directors approved a new share repurchase authorization that allows the Company to repurchase up to $500 million of its Class A common stock. This new authorization increased the Company’s capacity to repurchase shares from $80 million of unused capacity under the Company’s previously approved share repurchase plan authorization. The share repurchase plan authorization could be used to repurchase outstanding shares of Class A Common Stock as well as to reduce the number of shares of Class A Common Stock to be issued to employees to satisfy associated tax obligations in connection with the settlement of equity-based awards granted under the Equity Plan (or any successor equity plan thereto). The table below summarizes the issuance of shares of Class A Common Stock for equity-based awards: For the Years Ended December 31, 2021 2020 2019 Shares of Class A Common Stock issued in settlement of vested RSUs and share options exercised (1) 5,399,054 4,897,743 4,640,072 Reduction of shares of Class A Common Stock issued (2) (2,368,832) (2,082,934) (1,854,313) Shares of Class A Common Stock purchased related to share issuances and forfeitures (3) (275,655) 581,828 14,051 Issuance of shares of Class A Common Stock for equity-based awards 2,754,567 3,396,637 2,799,810 (1) The gross value of shares issued was $316.0 million, $226.6 million and $148.2 million for the years ended December 31, 2021, 2020 and 2019, respectively, based on the closing price of a Class A Common Stock at the time of issuance. (2) Cash paid for tax liabilities associated with net share settlement w as $140.6 million, $96.6 million and $56.6 million for t he years ended December 31, 2021, 2020 and 2019, respectively. (3) Certain Apollo employees receive a portion of the profit sharing proceeds of certain funds in the form of (a) restricted Class A Common Stock of AGM Inc. that they are required to purchase with such proceeds or (b) RSUs, in each case which equity-based awards generally vest over three years. These equity-based awards are granted under the Company's 2007 Equity Plan. To prevent dilution on account of these awards, Apollo may, in its discretion, repurchase Class A Common Stock on the open market and retire them. During the years ended December 31, 2021, 2020 and 2019, we issued 1,188,207, 636,425 and 289,714 of such restricted shares and 275,655 , 168,591 and 102,089 of such RSUs under the 2007 Equity Plan, respectively, and r epurchased 1,463,862, 19,549 and 265,113 Class A Common Stock in open-market transactions not pursuant to a publicly-announced repurchase plan or program, respectively. In addition, there w ere 0, 54,597 and 10,550 restricted shares forfeited during the years ended December 31, 2021, 2020 and 2019 , respectively. Addit ionally, during the years ended December 31, 2021, 2020 and 2019, 3,370,851, 2,735,546 and 3,453,901 shares of Class A Common Stock were repurchased in open market transactions as part of the publicly announced share repurchase program discussed above, respectively, and such shares were subsequently canceled by the Company. The Company paid $208.0 million, $90.7 million and $102.4 million for these open market share repurchases during the years ended December 31, 2021, 2020 and 2019, respectively. Preferred Stock Issuance On March 7, 2017, Apollo issued 11,000,000 6.375% Series A Preferred shares (the “Series A Preferred shares”) for gross proceeds of $275.0 million, or $264.4 million net of issuance costs and on March 19, 2018, Apollo issued 12,000,000 6.375% Series B Preferred shares (the “Series B Preferred shares” and collectively with the Series A Preferred shares, the “Preferred shares”) for gross proceeds of $300.0 million, or $289.8 million net of issuance costs. As a result of the Conversion, (i) each Series A Preferred share representing limited liability company interests of AGM LLC outstanding immediately prior to 12:01 a.m. Eastern Time on September 5, 2019 (the “Effective Time”) converted into one issued and outstanding, fully paid and nonassessable share of Series A Preferred Stock, having a liquidation preference of $25.00 per share, of the Company and (ii) each Series B Preferred share representing limited liability company interests of AGM LLC outstanding immediately prior to the Effective Time converted into one issued and outstanding, fully paid and nonassessable share of Series B Preferred Stock, having a liquidation preference of $25.00 per share, of the Company (the Series A Preferred Stock and the Series B Preferred Stock collectively, the “Preferred Stock”). When, as and if declared by the executive committee of the board of directors of AGM Inc., dividends on the Preferred Stock will be payable quarterly on March 15, June 15, September 15 and December 15 of each year, beginning on June 15, 2018 for the Series B Preferred Stock, at a rate per annum equal to 6.375%. Dividends on the Preferred Stock are discretionary and non-cumulative. During 2021, quarterly cash dividends were $0.398438 per share of Series A Preferred Stock and Series B Preferred Stock. Subject to certain exceptions, unless dividends have been declared and paid or declared and set apart for payment on the Preferred Stock for a quarterly dividend period, during the remainder of that dividend period Apollo may not declare or pay or set apart payment for dividends on any shares of Class A Common Stock or any other equity securities that the Company may issue in the future ranking as to the payment of dividends, junior to the Preferred Stock (“Junior Stock”) and Apollo may not repurchase any Junior Stock. These restrictions were not applicable during the initial dividend period, which was the period from March 19, 2018 to but excluding June 15, 2018 for the Series B Preferred Stock. The Series A Preferred Stock and the Series B Preferred Stock may be redeemed at Apollo’s option, in whole or in part, at any time on or after March 15, 2022 and March 15, 2023, respectively, at a price of $25.00 per share of Preferred Stock, plus declared and unpaid dividends to, but excluding, the redemption date, without payment of any undeclared dividends. Holders of the Preferred Stock will have no right to require the redemption of the Preferred Stock and there is no maturity date. If a certain change of control event or a certain tax redemption event occurs prior to March 15, 2022 and March 15, 2023 for the Series A Preferred Stock and the Series B Preferred Stock, respectively, the Preferred Stock may be redeemed at Apollo’s option, in whole but not in part, upon at least 30 days’ notice, within 60 days of the occurrence of such change of control event or such tax redemption event, as applicable, at a price of $25.25 per share of Preferred Stock, plus declared and unpaid dividends to, but excluding, the redemption date, without payment of any undeclared dividends. If a certain rating agency event occurs prior to March 15, 2023, the Series B Preferred Stock may be redeemed at Apollo’s option, in whole but not in part, upon at least 30 days’ notice, within 60 days of the occurrence of such rating agency event, at a price of $25.50 per share of Series B Preferred Stock, plus declared and unpaid dividends to, but excluding, the redemption date, without payment of any undeclared dividends. If (i) a change of control event occurs (whether before, on or after March 15, 2022 and March 15, 2023 for the Series A Preferred Stock and the Series B Preferred Stock, respectively) and (ii) Apollo does not give notice prior to the 31st day following the change of control event to redeem all the outstanding Preferred Stock, the dividend rate per annum on the Preferred Stock will increase by 5.00%, beginning on the 31st day following such change of control event. The Preferred Stock are not convertible into Class A Common Stock and have no voting rights, except in limited circumstances as provided in the Company’s certificate of incorporation. In connection with the issuance of the Preferred Stock, certain Apollo Operating Group entities issued for the benefit of Apollo a series of preferred units with economic terms that mirror those of the Preferred Stock. Dividends and Distributions The table below presents information regarding the quarterly dividends and distributions which were made at the sole discretion of the Former Manager of the Company prior to the Conversion and at the sole discretion of the executive committee of the board of directors subsequent to the Conversion (in millions, except per share data). Subsequent to the Conversion, distributions from AGM Inc. are referred to as dividends. Dividend Declaration Date Dividend per share of Class A Common Stock Payment Date Dividend to Class A Common Stockholders Distribution to Non-Controlling Interest Holders in the Apollo Operating Group Total Distributions from Apollo Operating Group Distribution Equivalents on Participating Securities January 31, 2019 $ 0.56 February 28, 2019 $ 113.3 $ 113.3 $ 226.6 $ 5.0 N/A — April 12, 2019 — 45.4 (1) (2) 45.4 — May 2, 2019 0.46 May 31, 2019 92.2 93.0 185.2 4.1 July 31, 2019 0.50 August 30, 2019 100.4 101.0 201.4 4.4 N/A — August 15, 2019 — 4.1 (2) 4.1 — N/A — September 26, 2019 — 17.8 (2) 17.8 — October 31, 2019 0.50 November 29,2019 111.5 90.1 201.6 4.4 For the Year Ended December 31, 2019 $ 2.02 $ 417.4 $ 464.7 $ 882.1 $ 17.9 January 30, 2020 $ 0.89 February 28, 2020 $ 205.6 $ 155.6 $ 361.2 $ 7.2 N/A — April 15, 2020 — 43.0 (1) 43.0 — May 1, 2020 0.42 May 29, 2020 96.2 85.7 181.9 3.6 July 30, 2020 0.49 August 31, 2020 112.1 100.0 212.1 4.0 October 29, 2020 0.51 November 30, 2020 116.7 104.0 220.7 4.1 For the Year Ended December 31, 2020 $ 2.31 $ 530.6 $ 488.3 $ 1,018.9 $ 18.9 February 3, 2021 $ 0.60 February 26, 2021 $ 139.2 $ 121.4 $ 260.6 $ 5.1 N/A — April 14, 2021 — 41.8 (1) (2) 41.8 — May 4, 2021 0.50 May 28, 2021 115.5 100.9 216.4 4.0 N/A — June 15, 2021 — 19.5 (2) 19.5 — August 4, 2021 0.50 August 31, 2021 122.0 94.4 216.4 3.9 N/A — September 15, 2021 — 24.1 (2) 24.1 — November 2, 2021 0.50 November 30, 2021 123.6 93.1 216.7 3.9 N/A — December 15, 2021 — 23.2 (2) 23.2 — For the Year Ended December 31, 2021 $ 2.10 $ 500.3 $ 518.4 $ 1,018.7 $ 16.9 (1) On April 12, 2019, April 15, 2020 and April 14, 2021 the Company made $0.18, $0.21 and $0.15 per AOG Unit pro rata distribution, respectively, to the Non-Controlling Interest holders in the Apollo Operating Group, in connection with taxes and payments made under the tax receivable agreement. See note 15 for more information regarding the tax receivable agreement. (2) On April 12, 2019, August 15, 2019 and September 26, 2019, the Company made a $0.04, $0.02 and $0.10 per AOG Unit pro rata distribution, respectively, to the Non-Controlling Interest holders in the Apollo Operating Group, in connection with U.S. corporate tax payments. On April 14, 2021, June 15, 2021, September 15, 2021, and December 15, 2021, the Company made a $0.03, $0.08, $0.10, and $0.13 per AOG Unit pro rata distribution, respectively, to the Non-Controlling Interest holders in the Apollo Operating Group, in connection with U.S. corporate tax payments. Non-Controlling Interests As discussed in note 1, in 2020, Athene Holding acquired 29,154,519 non-voting equity interests of the Apollo Operating Group, which as of December 31, 2021 represented a 6.7% economic interest in the Apollo Operating Group. The table below presents equity interests in Apollo’s consolidated, but not wholly-owned, subsidiaries and funds. Net income and comprehensive income attributable to Non-Controlling Interests consisted of the following: For the Years Ended December 31, 2021 2020 2019 Net income attributable to Non-Controlling Interests in consolidated entities: Interest in management companies and a co-investment vehicle (1) $ 6,138 $ 3,386 $ 4,755 Other consolidated entities 411,554 114,992 25,749 Net income attributable to Non-Controlling Interests in consolidated entities $ 417,692 $ 118,378 $ 30,504 Net income attributable to Non-Controlling Interests in the Apollo Operating Group: Net income $ 4,267,895 $ 466,802 $ 1,536,843 Net income attributable to Non-Controlling Interests in consolidated entities (417,692) (118,378) (30,504) Net income after Non-Controlling Interests in consolidated entities 3,850,203 348,424 1,506,339 Adjustments: Income tax provision (benefit) (2) 594,379 86,966 (128,994) NYC UBT and foreign tax benefit (3) (32,516) (26,549) (15,890) Net income (loss) in non-Apollo Operating Group entities (5,385) (13,571) 51,030 Series A Preferred Stock Dividends (17,531) (17,531) (17,531) Series B Preferred Stock Dividends (19,125) (19,125) (19,125) Total adjustments 519,822 10,190 (130,510) Net income after adjustments 4,370,025 358,614 1,375,829 Weighted average ownership percentage of Apollo Operating Group 45.1 % 47.1 % 48.4 % Net income attributable to Non-Controlling Interests in Apollo Operating Group $ 2,011,712 $ 191,810 $ 663,146 Net income attributable to Non-Controlling Interests $ 2,429,404 $ 310,188 $ 693,650 Other comprehensive income (loss) attributable to Non-Controlling Interests (28,730) 38,113 (7,496) Comprehensive Income Attributable to Non-Controlling Interests $ 2,400,674 $ 348,301 $ 686,154 (1) Reflects the remaining interest held by certain individuals who receive an allocation of income from certain of the credit funds managed by Apollo. (2) Reflects all taxes recorded in our consolidated statements of operations. Of this amount, U.S. federal, state, and local corporate income taxes attributable to AGM Inc. and its subsidiaries are added back to income of the Apollo Operating Group before calculating Non-Controlling Interests as the income allocable to the Apollo Operating Group is not subject to such taxes. (3) Reflects New York City Unincorporated Business Tax (“NYC UBT”) and foreign taxes that are attributable to the Apollo Operating Group and its subsidiaries related to its operations in the U.S. as partnerships and in non-U.S. jurisdictions as corporations. As such, these amounts are considered in the income attributable to the Apollo Operating Group. Redeemable Non-Controlling Interests As discussed in note 2, redeemable non-controlling interests represent the shares issued by APSG, APSG II and Acropolis, the consolidated SPACs. The table below presents the activities associated with the redeemable non-controlling interests. For the Years Ended December 31, 2021 2020 Balance at beginning of period $ 782,702 $ — Net issuances of redeemable non-controlling interests 950,103 735,486 Accretion of redeemable non-controlling interests 37,229 47,216 Balance at end of period $ 1,770,034 $ 782,702

RELATED PARTY TRANSACTIONS AND

RELATED PARTY TRANSACTIONS AND INTERESTS IN CONSOLIDATED ENTITIES	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS AND INTERESTS IN CONSOLIDATED ENTITIES	RELATED PARTY TRANSACTIONS AND INTERESTS IN CONSOLIDATED ENTITIESManagement fees, transaction and advisory fees and reimbursable expenses from the funds the Company manages and their portfolio companies are included in due from related parties in the consolidated statements of financial condition. The Company also typically facilitates the payment of certain operating costs incurred by the funds that it manages as well as their related parties. These costs are normally reimbursed by such funds and are included in due from related parties. Other related party transactions include loans to employees and periodic sales of ownership interests in Apollo funds to employees. Due from related parties and due to related parties are comprised of the following: As of As of Due from Related Parties: Due from credit funds (1) $ 248,886 $ 183,992 Due from private equity funds 20,157 21,169 Due from real assets funds 46,832 28,231 Due from portfolio companies 66,960 80,122 Due from Contributing Partners, employees and former employees 106,755 148,869 Total Due from Related Parties $ 489,590 $ 462,383 Due to Related Parties: Due to Former Managing Partners and Contributing Partners (2) $ 1,118,272 $ 310,230 Due to credit funds 22,042 34,280 Due to private equity funds 54,436 216,899 Due to real assets funds 27,652 47,060 Total Due to Related Parties $ 1,222,402 $ 608,469 (1) Due from credit funds includes $47.8 million related to a receivable from a credit fund in connection with the Company’s sale of a platform investment to such fund during the year ended December 31, 2021. The amount is payable to the Company over five years and is held at fair value. (2) Due to Former Managing Partners and Contributing Partners includes $569.6 million related to the purchase of limited partnership interests, payable over 13 equal quarterly installments beginning on January 1, 2022. Tax Receivable Agreement Subject to certain restrictions, prior to the Corporate Recapitalization, each of the Former Managing Partners and Contributing Partners had the right to exchange his vested AOG Units for the Company’s Class A Common Stock. The Apollo Operating Group entities have made, or will make, an election under Section 754 of the U.S. Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), which will result in an adjustment to the tax basis of the assets owned by the Apollo Operating Group at the time of the exchange. These exchanges resulted in increases in the basis of underlying assets that will reduce the amount of taxable gain or increase the amount of taxable loss that AGM Inc. and its subsidiaries will otherwise recognize in the future. The tax receivable agreement (“TRA”) provides for the payment to the Former Managing Partners and Contributing Partners of 85% of the amount of cash savings, if any, in U.S. federal, state, local and foreign income taxes that AGM Inc. and its subsidiaries realizes as a result of the increases in tax basis of assets that resulted from the 2007 Reorganization, the Conversion, and other exchanges of AOG Units for Class A Common Stock that have occurred in prior years. AGM Inc. and its subsidiaries retain the benefit from the remaining 15% of actual cash tax savings. If the Company does not make the required annual payment on a timely basis as outlined in the TRA, interest is accrued on the balance until the payment date. As a result of the exchanges of AOG Units for Class A Common Stock during the years ended December 31, 2021 and 2020 a $287.9 million and $68.8 million liability was recorded respectively, to estimate the amount of the future payments to be made by AGM Inc. and its subsidiaries to the Former Managing Partners and Contributing Partners pursuant to the TRA. In April 2021, Apollo made a $39.9 million cash payment pursuant to the TRA resulting from the realized tax benefit for the 2020 tax year. In connection with this payment, the Company made a corresponding pro rata distribution of $34.7 million ($0.15 per AOG Unit) to the Non-Controlling Interest holders in the Apollo Operating Group. In April 2020, Apollo made a $48.2 million cash payment pursuant to the TRA resulting from the realized tax benefit for the 2019 tax year. In connection with this payment, the Company made a corresponding pro rata distribution of $43.0 million ($0.21 per AOG Unit) to the Non-Controlling Interest holders in the Apollo Operating Group. During the years ended December 31, 2021, 2020 and 2019, the Company remeasured the TRA liability and recorded other income (loss), net of $9.6 million, $12.4 million, and $(50.3) million respectively, in the consolidated statements of operations. The remeasurement of the TRA liability for the years ended December 31, 2021 and 2020 primarily relates to changes in estimated state and local tax rates. The remeasurement of the TRA liability for the year ended December 31, 2019 is primarily due to recognition of the tax receivable agreement in connection with the Conversion for prior exchanges of AOG Units for Class A Common Stock as well as changes in estimated state and local tax rates. On March 9, 2021, the Company entered into a binding governance term sheet with the Former Managing Partners pursuant to which it agreed, among other things, to convert its corporate structure to a single class of common stock with one vote per share through a series of transactions (the “Corporate Recapitalization”). Pursuant to the governance term sheet, all AOG Units beneficially owned by each holder of AOG Units (other than the Company and Athene) would be transferred to a wholly-owned subsidiary of HoldCo and one or more of its affiliates in a series of transactions in exchange for (i) such number of shares of Class A common stock of HoldCo equal to the aggregate number of AOG Units beneficially owned by such AOG Unit owners as of immediately prior to the mandatory exchange (such AOG Units, the “Outstanding AOG Units”) and (ii) an aggregate amount in cash equal to the product of (a) number of Outstanding AOG Units multiplied by (b) $3.66, payable over a period of four years in equal quarterly installments (the “AOG Unit Payment”); provided, however, that in the event that the Company were to consummate the transactions contemplated by the Merger Agreement simultaneously with the mandatory exchange, the AOG Unit Payment would be payable over the period between the date on which the transactions contemplated by the Merger Agreement were consummated and the third anniversary of the Mandatory Exchange Date in equal quarterly installments (such transactions collectively, the “mandatory exchange”). The term sheet also provided that the tax receivable agreement would not be applicable for the mandatory exchange, but would remain in effect for any exchanges occurring prior to the mandatory exchange date. AOG Unit Payment On December 31, 2021, holders of AOG Units (other than Athene and the Company) sold and transferred a portion of such AOG Units to APO Corp., a wholly-owned consolidated subsidiary of the Company, in exchange for an amount equal to $3.66 multiplied by the total number of AOG Units held by such holders immediately prior to such transaction (such payment, the “AOG Unit Payment”). The remainder of the AOG Units held by such holders were exchanged for shares of HoldCo common stock concurrently with the consummation of the Mergers on January 1, 2022. As of December 31, 2021, the outstanding payable amount was $569.6 million, which is payable over 13 equal quarterly installments beginning on January 1, 2022. See note 18 for more information. Due from Contributing Partners, Employees and Former Employees As of December 31, 2021 and December 31, 2020, due from Contributing Partners, Employees and Former Employees includes various amounts due to the Company including employee loans and return of profit sharing distributions. As of December 31, 2021 and December 31, 2020, the balance included interest-bearing employee loans receivable of $17.5 million. The outstanding principal amount of the loans as well as all accrued and unpaid interest is required to be repaid at the earlier of the eighth anniversary of the date of the relevant loan or at the date of the relevant employee’s resignation from the Company. The Company recorded a receivable from the Contributing Partners and certain employees and former employees for the potential return of profit sharing distributions that would be due if certain funds were liquidated as of December 31, 2021 and December 31, 2020 of $64.5 million and $124.1 million, respectively. Indemnity Performance revenues from certain funds can be distributed to the Company on a current basis, but are subject to repayment by the subsidiaries of the Apollo Operating Group that act as general partners of the funds in the event that certain specified return thresholds are not ultimately achieved. The Former Managing Partners, Contributing Partners and certain other investment professionals have personally guaranteed, subject to certain limitations, the obligations of these subsidiaries in respect of this general partner obligation. Such guarantees are several and not joint and are limited to a particular Former Managing Partners’ or Contributing Partner’s distributions. Pursuant to an existing shareholders agreement, the Company has agreed to indemnify each of the Company’s Former Managing Partners and certain Contributing Partners against all amounts that they pay pursuant to any of these personal guarantees in favor of certain funds that the Company manages (including costs and expenses related to investigating the basis for or objecting to any claims made in respect of the guarantees) for all interests that the Company’s Former Managing Partners and Contributing Partners have contributed or sold to the Apollo Operating Group. Accordingly, in the event that the Company’s Former Managing Partners, Contributing Partners and certain investment professionals are required to pay amounts in connection with a general partner obligation for the return of previously made distributions with respect to Fund IV, Fund V and Fund VI, the Company will be obligated to reimburse the Company’s Former Managing Partners and certain Contributing Partners for the indemnifiable percentage of amounts that they are required to pay even though the Company did not receive the certain distribution to which that general partner obligation related. The Company recorded an indemnification liability of $13.2 million and $12.8 million as of December 31, 2021 and December 31, 2020, respectively. Due to Credit, Private Equity and Real Assets Funds Based upon an assumed liquidation of certain of the credit, private equity and real assets funds the Company manages, the Company has recorded a general partner obligation to return previously distributed performance allocations, which represents amounts due to these funds. The general partner obligation is recognized based upon an assumed liquidation of a fund’s net assets as of the reporting date. The actual determination and any required payment of any such general partner obligation would not take place until the final disposition of a fund’s investments based on the contractual termination of the fund or as otherwise set forth in the respective limited partnership agreement or other governing document of the fund. The following table presents the general partner obligation to return previously distributed performance allocations related to certain funds by segment: As of As of Credit $ — $ — Private Equity 53,722 215,011 Real Assets 27,454 46,860 Total general partner obligation $ 81,176 $ 261,871 Athene Athene Holding, through its subsidiaries, is a leading retirement services company that issues, reinsures and acquires retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. The products and services offered by Athene include fixed and fixed indexed annuity products, reinsurance services offered to third-party annuity providers; and institutional products, such as funding agreements. The Company provides asset management and advisory services to Athene, including asset allocation services, direct asset management services, asset and liability matching management, mergers and acquisitions, asset diligence hedging and other asset management services. On September 20, 2018, Athene and Apollo agreed to revise the existing fee arrangements (the “amended fee agreement”) between Athene and Apollo. The Company began recording fees pursuant to the amended fee agreement on January 1, 2019. The amended fee agreement provides for sub-allocation fees which vary based on portfolio allocation differentiation, as described below. The amended fee agreement provides for a monthly fee to be payable by Athene to the Company in arrears, with retroactive effect to the month beginning on January 1, 2019, in an amount equal to the following, to the extent not otherwise payable to the Company pursuant to any one or more investment management or sub-advisory agreements or arrangements: (i) The Company, through its consolidated subsidiary Apollo Insurance Solutions Group LP, or ISG, earns a base management fee of 0.225% per year on the aggregate market value of substantially all of the assets in substantially all of the investment accounts of or relating to Athene (collectively, the “Athene Accounts”) up to $103.4 billion (the level of assets in the Athene Accounts as of January 1, 2019, excluding certain assets, the “Backbook Value”) and 0.150% per year on all assets in excess of $103.4 billion (the “Incremental Value”), respectively; plus (ii) with respect to each asset in an Athene Account, subject to certain exceptions, that is managed by the Company and that belongs to a specified asset class tier (“core,” “core plus,” “yield,” and “high alpha”), a sub-allocation fee as follows, which will, in the case of assets acquired after January 1, 2019, be subject to a cap of 10% of the applicable asset’s gross book yield: As of Sub-Allocation Fees: Core Assets (1) 0.065 % Core Plus Assets (2) 0.130 % Yield Assets (3) 0.375 % High Alpha Assets (4) 0.700 % Other Assets (5) — % (1) Core assets include public investment grade corporate bonds, municipal securities, agency residential or commercial mortgage backed securities and obligations of any governmental agency or government sponsored entity that is not expressly backed by the U.S. government. (2) Core plus assets include private investment grade corporate bonds, fixed rate first lien commercial mortgage loans and obligations issued or assumed by a financial institution (such an institution, a “financial issuer”) and determined by Apollo to be “Tier 2 Capital” under the Basel III recommendations developed by the Basel Committee on Banking Supervision (or any successor to such recommendations). (3) Yield assets include non-agency residential mortgage-backed securities, investment grade collateralized loan obligations, certain asset-backed securities, commercial mortgage-backed securities, emerging market investments, below investment grade corporate bonds, subordinated debt obligations, hybrid securities or surplus notes issued or assumed by a financial issuer, as rated preferred equity, residential mortgage loans, bank loans, investment grade infrastructure debt and certain floating rate commercial mortgage loans. (4) High alpha assets include subordinated commercial mortgage loans, below investment grade collateralized loan obligations, unrated preferred equity, debt obligations originated by MidCap, below investment grade infrastructure debt, certain loans originated directly by Apollo and agency mortgage derivatives. (5) Other Assets include cash, treasuries, equities and alternatives. With respect to equities and alternatives, Apollo earns performance revenues of 0% to 20%. Athene and Apollo Strategic Transaction On October 28, 2019 Athene Holding, AGM Inc. and the entities that form the Apollo Operating Group entered into a Transaction Agreement, pursuant to which, among other things: • (i) Athene Holding issued, on February 28, 2020 (the “Closing Date”), 35,534,942 Class A common shares of Athene Holding (the “AHL Class A Common Shares”) to certain subsidiaries of the Apollo Operating Group in exchange for (i) issuance by the Apollo Operating Group of 29,154,519 non-voting equity interests of the Apollo Operating Group to Athene and (ii) $350 million in cash (“Share Issuance”); • Athene Holding granted to AGM Inc. the right to purchase additional AHL Class A Common Shares from the Closing Date until 180 days thereafter to the extent the issued and outstanding AHL Class A Common Shares beneficially owned by Apollo and certain of its related parties and employees (collectively, the “Apollo Parties”) (inclusive of AHL Class A Common Shares over which any such persons have a valid proxy) do not equal at least 35% of the issued and outstanding AHL Class A Common Shares, on a fully diluted basis; • A representative of the Apollo Operating Group had the right to purchase up to that number of AHL Class A Common Shares that would increase by up to 5% the percentage of the issued and outstanding AHL Class A Common Shares beneficially owned by the Apollo Parties (inclusive of AHL Class A Common Shares over which any such persons have a valid proxy), calculated on a fully diluted basis; • Athene Holding amended and restated its Twelfth Amended and Restated Bye-laws of Athene Holding to, among other items, eliminate Athene Holding’s multi-class share structure (“Multi-Class Share Elimination”). In connection with the Multi-Class Share Elimination, (i) all of the Class B common shares of Athene Holding would be converted into an equal number of AHL Class A Common Shares on a one-for-one basis and (ii) all of the Class M common shares of Athene Holding were converted into a combination of AHL Class A Common Shares and warrants to purchase AHL Class A Common Shares. On February 28, 2020, Apollo and Athene closed on the strategic transaction discussed above. In connection with the transaction, Apollo purchased a 17% incremental equity stake in Athene at a premium, bringing Apollo’s beneficial ownership in Athene to 28%, or 35% including shares and warrants owned by related parties and employees, on a fully diluted basis, at the close of the transaction. Apollo entered into a lock-up agreement restricting transfers of Apollo’s existing and newly acquired shares of Athene for three years from the Closing Date. As of December 31, 2021 and December 31, 2020, the Company held a 28.4% and an 28.5% ownership interest in the AHL Class A Common Shares, respectively. Liquidity Agreement In connection with the consummation of the Share Issuance and the Multi-Class Share Elimination, AGM Inc. also entered into a Liquidity Agreement, dated as of the Closing Date, with Athene Holding (the “Liquidity Agreement”), pursuant to which, once each quarter, Athene Holding was entitled to request to sell a number of AOG Units or request AGM Inc. to sell a number of shares of AGM Inc. Class A Common Stock or AOG Units representing at least $50 million, in each case, in exchange for payment of the Cash Amount (as defined below). For purposes of this description, “Cash Amount” means (i) in the case of a Registered Sale, the cash proceeds that AGM Inc. receives upon the consummation of a Registered Sale after deducting a capped amount of documented commissions, fees and expenses, (ii) in the case of a Purchase Transaction, the cash proceeds to which AGM Inc. and Athene Holding agree, (iii) in the case of a Private Placement, the cash proceeds that AGM Inc. receives upon the consummation of a Private Placement after deducting a capped amount of documented commissions, fees and expenses and (iv) in the case of an AOG Transaction, the cash proceeds to which the purchaser and Athene Holding agree. Each of the Purchase Transaction, Private Placement, Registered Sale and AOG Transaction are subject to the terms and conditions set forth in the Liquidity Agreement. Merger Agreement On March 8, 2021, the Company. entered into the Merger Agreement with AHL, HoldCo, AHL Merger Sub, and AAM Merger Sub. The Merger Agreement provided that, subject to the terms and conditions set forth therein, the Company and AHL would effect an all-stock merger transaction to combine their respective businesses through: (a) the AHL Merger, with AHL as the surviving entity in the AHL Merger and a subsidiary of HoldCo and (b) the AAM Merger with AAM as the surviving entity in the AAM Merger and a subsidiary of HoldCo. Following the Mergers and the closing of the transactions contemplated by the Merger Agreement, HoldCo was to be renamed “Apollo Global Management, Inc.” On January 1, 2022, the Mergers were completed and HoldCo was renamed “Apollo Global Management, Inc.” Following the closing of the Mergers, all of the common shares of Athene and AAM are owned by AGM Inc. See note 18 for further disclosure regarding the Mergers. Athora The Company, through ISGI, provides investment advisory services to certain portfolio companies of Apollo funds and Athora, a strategic platform that acquires or reinsures blocks of insurance business in the German and broader European life insurance market (collectively, the “Athora Accounts”). The Company had equity commitments outstanding of up to $466.3 million as of December 31, 2021, subject to certain conditions. Athora Sub-Advised The Company, through ISGI, provides sub-advisory services with respect to a portion of the assets in certain portfolio companies of Apollo funds and the Athora Accounts. The Company broadly refers to “Athora Sub-Advised” assets as those assets in the Athora Accounts which the Company explicitly sub-advises as well as those assets in the Athora Accounts which are invested directly in funds and investment vehicles Apollo manages. The Company earns a base management fee on the aggregate market value of substantially all of the investment accounts of or relating to Athora and also a sub-advisory fee on the Athora Sub-Advised assets, which varies depending on the specific asset class. On December 15, 2021, the Company executed an amended and restated fee agreement with Athora. The new fee agreement revised the base fee paid to the Company for managing certain assets on behalf of Athora and removed Athora’s previous reimbursement of certain costs incurred by Apollo. The effective date for these changes were January 1, 2021. For the Company’s financial results for 2021, the impact of these fee agreement changes was accounted for as an increase in revenue and expenses. The following table presents the revenues earned in aggregate from Athene and Athora: For the Years Ended December 31, 2021 2020 2019 Revenues earned in aggregate from Athene, Athora, net (1)(2) $ 3,684,602 $ 332,474 $ 788,066 (1) Consisting of management fees, sub-advisory fees, performance revenues from Athene, Athora and AAA Investments, as applicable (net of related profit sharing expense) and changes in the market value of the Athene Holding shares owned directly by Apollo. These amounts exclude the deferred revenue recognized as management fees associated with the vesting of AHL Awards granted to employees of Apollo. (2) Gains (losses) on the market value of the shares of Athene Holding owned directly by Apollo were $2.6 billion, $(456.3) million and $137.2 million for the years ended December 31, 2021, 2020 and 2019, respectively. AAA Investments Credit Agreement On April 30, 2015, Apollo entered into a revolving credit agreement with AAA Investments (the “AAA Investments Credit Agreement”). Under the terms of the AAA Investments Credit Agreement, the Company agreed to make available to AAA Investments one or more advances at the discretion of AAA Investments in the aggregate amount not to exceed a balance of $10.0 million at an applicable rate of LIBOR plus 1.5%. The Company received an annual commitment fee of 0.125% on the unused portion of the loan. AAA Investments was obligated to pay the aggregate borrowings plus accrued interest at the earlier of (a) the third anniversary of the closing date, or (b) the date that was fifteen months following the initial public offering of shares of Athene Holding (the “Maturity Date”). As of December 31, 2019, $8.7 million had been advanced by the Company and remained outstanding on the AAA Investments Credit Agreement. On January 30, 2019, the Company and AAA agreed to extend the maturity date of the AAA Investments Credit Agreement to December 31, 2020. The AAA Investments Credit Agreement matured on December 31, 2020 and all amounts previously advanced were repaid. Regulated Entities Apollo Global Securities, LLC (“AGS”) is a registered broker dealer with the SEC and is a member of the Financial Industry Regulatory Authority, subject to the minimum net capital requirements of the SEC. AGS was in compliance with these requirements at December 31, 2021. From time to time, this entity is involved in transactions with related parties of Apollo, including portfolio companies of the funds Apollo manages, as well as third parties, whereby AGS earns underwriting and transaction fees for its services. Investment in SPACs On October 6, 2020, APSG, a SPAC, completed an initial public offering, ultimately raising total gross proceeds of $816.8 million, including the underwriters’ subsequent partial exercise of their over-allotment option. In a private placement concurrent with the initial public offering, APSG sold warrants to APSG Sponsor, L.P., a subsidiary of Apollo, for total gross proceeds of $18.3 million. APSG Sponsor, L.P. also holds Class B ordinary shares of APSG. Apollo currently consolidates APSG as a VIE, and thus all private placement warrants and Class B ordinary shares are eliminated in consolidation. On February 12, 2021, APSG II, a SPAC, completed an initial public offering, raising total gross proceeds of $690.0 million, including the underwriters’ exercise in full of their over-allotment option. In a private placement concurrent with the initial public offering, APSG II sold warrants to APSG Sponsor II, L.P., a subsidiary of Apollo, for total gross proceeds of $15.6 million. APSG Sponsor II, L.P. also holds Class B ordinary shares of APSG II. Apollo currently consolidates APSG II as a VIE, and thus all private placement warrants and Class B ordinary shares are eliminated in consolidation. On July 13, 2021, Acropolis, a SPAC, completed an initial public offering, ultimately raising total gross proceeds of $345.0 million, including the underwriters’ subsequent exercise in full of their over-allotment option. In a private placement concurrent with the initial public offering, Acropolis sold warrants to Acropolis Infrastructure Acquisition Sponsor, L.P., a subsidiary of Apollo, for total gross proceeds of $8.8 million. Acropolis Infrastructure Acquisition Sponsor, L.P. also holds Class B common stock of Acropolis. Apollo currently consolidates Acropolis as a VIE, and thus all private placement warrants and Class B common stock are eliminated in consolidation. As described in note 2, the Company consolidates entities that are VIEs for which the Company has been designated as the primary beneficiary. Through its interests in the respective sponsors, the Company has the power to direct the activities that most significantly impact the economic performance of these SPACs. In addition, the Company’s combined interests in these VIEs are significant. Assets and liabilities of the consolidated SPACs are shown within the respective line items of the consolidated financial statements, as outlined below. The tables below present the financial information of these SPACs in aggregate: As of As of Assets: Cash and cash equivalents $ 1,796 $ 259 Restricted cash and cash equivalents 690,205 — U.S. Treasury securities, at fair value 1,162,299 816,985 Due from related parties (9,346) (3) Other assets 2,627 1,118 Total Assets $ 1,847,581 $ 818,359 Liabilities, Redeemable non-controlling interests and Stockholders’ Equity Liabilities: Accounts payable and accrued expenses $ 2,361 $ 198 Due to related parties 10,800 1,871 Other liabilities 143,778 28,588 Total Liabilities 156,939 30,657 Redeemable non-controlling interests: Redeemable non-controlling interests 1,762,282 782,702 Stockholders’ Equity: Additional paid in capital (98,369) (12,928) Retained earnings 26,729 17,928 Total Stockholders’ Equity (71,640) 5,000 Total Liabilities, Redeemable non-controlling interests and Stockholders’ Equity $ 1,847,581 $ 818,359 For the Years Ended December 31, 2021 2020 Expenses: Interest expense $ 8 $ — General, administrative and other 19,015 583 Total Expenses 19,023 583 Other Income (Loss): Net gains (losses) from investment activities 3,446 35 Interest income 545 140 Other income (loss), net (520) — Total Other Income (Loss) 3,471 175 Net Income Attributable to Apollo Global Management, Inc. $ (15,552) $ (408) Other

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Investment Commitments— As a limited partner, general partner and manager of the Apollo funds, Apollo had unfunded capital commitments as of December 31, 2021 and December 31, 2020 of $1.0 billion and $1.0 billion, respectively, of which $227.3 million and $348.0 million, respectively, related to Fund IX. Debt Covenants— Apollo’s debt obligations contain various customary loan covenants. As of December 31, 2021, the Company was not aware of any instances of non-compliance with the financial covenants contained in the documents governing the Company’s debt obligations. Litigation and Contingencies — Apollo is, from time to time, party to various legal actions arising in the ordinary course of business including claims and lawsuits, reviews, investigations or proceedings by governmental and self-regulatory agencies regarding its business. On August 3, 2017, a complaint was filed in the United States District Court for the Middle District of Florida against AGM Inc., a senior partner of Apollo and a former principal of Apollo by Michael McEvoy on behalf of a purported class of employees of subsidiaries of CEVA Group, LLC (“CEVA Group”) who purchased shares in CEVA Investment Limited (“CIL”), the former parent company of CEVA Group. The complaint alleged that the defendants breached fiduciary duties to and defrauded the plaintiffs by inducing them to purchase shares in CIL and subsequently participating in a debt restructuring of CEVA Group in which shareholders of CIL did not receive a recovery. On February 9, 2018, the Bankruptcy Court for the Southern District of New York held that the claims asserted in the complaint were assets of CIL, which is a chapter 7 debtor, and that the complaint was null and void as a violation of the automatic stay. McEvoy subsequently revised his complaint to attempt to assert claims that do not belong to CIL. The amended complaint no longer named any individual defendants, but Apollo Management VI, L.P. and CEVA Group were added as defendants. The amended complaint sought damages of approximately €30 million and asserts, among other things, claims for violations of the Investment Advisers Act of 1940, breach of fiduciary duties, and breach of contract. On December 7, 2018, after receiving permission from the Bankruptcy Court, McEvoy filed his amended complaint in the District Court in Florida. On January 18, 2019, Apollo filed a motion to dismiss the amended complaint. A hearing on that motion was held December 3, 2019. On January 6, 2020, the Florida court granted in part Apollo’s motion to dismiss, dismissing McEvoy’s Investment Advisers Act claim with prejudice, and denying without prejudice Apollo’s motion with respect to the remaining claims, and directing the parties to conduct limited discovery, and submit new briefing, solely with respect to the statute of limitations. On July 30, 2020, Apollo and CEVA filed a joint motion for summary judgment on statute of limitations grounds. On June 29, 2021, the District Court issued a decision denying the defendants’ joint motion for summary judgment on statute of limitations grounds, and set deadlines on July 23, 2021 for the plaintiff to file an amended complaint and August 20, 2021 for defendants to answer or move to dismiss the amended complaint. Plaintiff filed his second amended complaint on July 23, 2021 which added alleged grounds for tolling the statute of limitations. Also on July 23, 2021, the defendants filed a joint motion for reconsideration with respect to aspects of the District Court’s June 29, 2021 decision. Defendants filed their reply to the motion for reconsideration on September 10, 2021. Apollo’s deadline to respond to the amended complaint has been stayed pending resolution of defendants’ motion for reconsideration. Apollo believes the claims in this action are without merit. Because this action is in the early stages, no reasonable estimate of possible loss, if any, can be made at this time. On December 21, 2017, Harbinger Capital Partners II, LP, Harbinger Capital Partners Master Fund I, Ltd., Harbinger Capital Partners Special Situations Fund, L.P., Harbinger Capital Partners Special Situations GP, LLC, Harbinger Capital Partners Offshore Manager, L.L.C., Global Opportunities Breakaway Ltd. (in voluntary liquidation), and Credit Distressed Blue Line Master Fund, Ltd. (collectively, “Harbinger”) commenced an action in New York Supreme Court captioned Harbinger Capital Partners II LP et al. v. Apollo Global Management LLC, et al. (No. 657515/2017). The complaint named as defendants (i) AGM Inc., (ii) the funds managed by Apollo that invested in SkyTerra Communications, Inc. (“SkyTerra”) equity before selling their interests to Harbinger under an April 2008 agreement that closed in 2010, and (iii) six former SkyTerra directors, five of whom are current or former Apollo employees. The complaint alleged that during the period of Harbinger’s various equity and debt investments in SkyTerra, from 2004 to 2010, the defendants concealed from Harbinger material defects in SkyTerra technology that was to be used to create a new mobile wi-fi network. The complaint alleged that Harbinger would not have made investments in SkyTerra totaling approximately $1.9 billion had it known of the defects, and that the public disclosure of these defects ultimately led to SkyTerra filing for bankruptcy in 2012 (after it had been renamed LightSquared). The complaint asserted claims against (i) all defendants for fraud, civil conspiracy, and negligent misrepresentation, (ii) AGM Inc. and the Apollo-managed funds only for breach of fiduciary duty, breach of contract, and unjust enrichment, and (iii) the SkyTerra director defendants only for aiding and abetting breach of fiduciary duty. The complaint sought $1.9 billion in damages, as well as punitive damages, interest, costs, and fees. This action was stayed from February 14, 2018, through June 12, 2019. On February 14, 2018, the defendants moved the United States Bankruptcy Court for the Southern District of New York to reopen the LightSquared bankruptcy proceeding for the limited purpose of enforcing Harbinger’s assignment and release in that bankruptcy of the claims that it asserted in the New York state court action (the “Bankruptcy Motion”). Briefing and hearing on the Bankruptcy Motion were adjourned while the state court stay was pending. On June 12, 2019, Harbinger voluntarily discontinued the state action without prejudice subject to a tolling agreement, and Apollo voluntarily withdrew the Bankruptcy Motion subject to a right to refile the motion if Harbinger were to refile the state court action. On June 8, 2020, Harbinger refiled its litigation in New York Supreme Court, captioned Harbinger Capital Partners II, LP et al. v. Apollo Global Management, LLC et al. (No. 652342/2020). The complaint adds eight new defendants: two former SkyTerra executives, one former SkyTerra consultant, and five entities (four of whom have since been dismissed) that were Harbinger’s counterparties in a transaction involving CCTV One Four Holdings, LLC (“CCTV”). It also adds three new claims relating to Harbinger’s contention that the new defendants induced Harbinger to buy CCTV to support SkyTerra’s network even though they allegedly knew that the network had material defects. The parties agreed to stay this action until November 15, 2020. On November 23, 2020, Defendants refiled the Bankruptcy Motion, and on November 24, 2020, filed in the state court a motion to stay the state court proceedings pending a ruling by the Bankruptcy Court on the Bankruptcy Motion. On February 1, 2021, the Bankruptcy Court denied the Bankruptcy Motion. On March 31, 2021, Defendants filed their motions to dismiss the New York Supreme Court action. Harbinger opposed those motions on June 15, 2021. Defendants filed their replies on July 29, 2021. Hearings were held on the motions to dismiss on February 15, 2022 and February 18, 2022, and the motions remain pending. Apollo believes the claims in this action are without merit. Because this action is in the early stages, no reasonable estimate of possible loss, if any, can be made at this time. On November 1, 2019, plaintiff Benjamin Fongers filed a putative class action in Illinois Circuit Court, Cook County, against CareerBuilder, LLC (“CareerBuilder”) and AGM Inc. Plaintiff alleges that in March 2019, CareerBuilder changed its compensation plan so that sales representatives such as Fongers would (i) receive reduced commissions; and (ii) only be able to receive commissions for accounts they originated that were not reassigned to anyone else, a departure from the earlier plan. Plaintiff also claims that the plan applied retroactively to deprive sales representatives of commissions to which they were earlier entitled. Plaintiff alleges that AGM Inc. exercises complete control over CareerBuilder and thus, CareerBuilder acts as AGM Inc.’s agent. Based on these allegations, Plaintiff alleges claims against both defendants for breach of written contract, breach of implied contract, unjust enrichment, violation of the Illinois Sales Representative Act, and violation of the Illinois Wage and Payment Collection Act. The defendants removed the action to the Northern District of Illinois on December 5, 2019, and Plaintiff moved to remand on January 6, 2020. On October 21, 2020, the District Court granted the motion to remand. On January 11, 2021, the District Court ordered the Clerk of Court to take the necessary steps to transfer the case back to Illinois Circuit Court, Cook County. On March 8, 2021, Plaintiff filed a motion under 28 U.S.C. § 1447(c) to recover attorneys’ fees of approximately $35,000 for the remand briefing. Defendants filed their opposition on March 31, 2021, and Plaintiff replied on April 14, 2021. Defendants filed motions to dismiss the complaint in the Illinois Circuit Court, Cook County on June 11, which were fully briefed on August 13, 2021. CareerBuilder has also filed a Motion for a Protective Order and to Stay Discovery pending the outcome of the motions to dismiss. On February 7, 2022, the court held a hearing on the motions to dismiss and the request to stay discovery. At the hearing, the court took the motions to dismiss under advisement and granted CareerBuilder’s motion to stay discovery. Apollo believes the claims in this action are without merit. Because this action is in the early stages, no reasonable estimate of possible loss, if any, can be made at this time. In March 2020, Frank Funds, which claims to be a former shareholder of MPM Holdings, Inc. (“MPM”), commenced an action in the Delaware Court of Chancery, captioned Frank Funds v. Apollo Global Management, Inc., et al. , C.A. No. 2020-0130, against AGM Inc., certain former MPM directors (including three Apollo officers and employees), and members of the consortium that acquired MPM in a May 2019 merger. The complaint asserts, on behalf of a putative class of former MPM shareholders, a claim against Apollo for breach of its fiduciary duties as MPM’s alleged controlling shareholder in connection with the May 2019 merger in which a consortium acquired MPM. Frank Funds seeks unspecified compensatory damages. Apollo believes the claims in this action are without merit. On July 1, 2020, Apollo moved to dismiss the complaint; briefing on that motion did not occur because the complaint was superseded, as described herein. On July 23, 2019, a group of former MPM shareholders filed an appraisal petition in Delaware Chancery Court seeking the fair value of their MPM shares that were purchased through MPM’s May 15, 2019 merger with a consortium of buyers, in an action captioned In re Appraisal of MPM Holdings, Inc., C.A. No. 2019-0519 (Del. Ch.). While Apollo was not a party to the appraisal action, it was served a document subpoena on October 22, 2019, to which it responded. On June 3, 2020, petitioners moved for leave to file a verified amended appraisal petition and class-action complaint that included claims for breach of fiduciary duty and/or aiding and abetting breaches of fiduciary duty against AGM Inc., the Apollo-affiliated fund that owned MPM’s shares before the merger, certain former MPM directors (including three Apollo employees), and members of the consortium that acquired MPM, based on alleged actions related to the May 2019 merger. The petitioners also sought to consolidate their appraisal proceeding with the Frank Funds action, and notified the Delaware Chancery Court via letter on September 23, 2020, that they had reached an agreement in principle with Frank Funds to consolidate the two cases. On November 13, 2020, the Chancery Court granted the parties’ stipulated order to consolidate the two matters, and on December 21, 2020, the Chancery Court granted petitioners’ motion for leave to file the proposed amended complaint. This new consolidated action is captioned In Re MPM Holdings Inc. Appraisal and Stockholder Litigation, C.A. No. 2019-0519 (Del Ch.). Defendants filed motions to dismiss the amended complaint on February 19, 2021, and the motions were fully briefed on July 26, 2021. On January 13, 2022, the Chancery Court denied Apollo’s motion to dismiss. Apollo believes the claims in this action are without merit. Because this action is in the early stages, no reasonable estimate of possible loss, if any, can be made at this time. On May 29, 2020, plaintiff Vrajeshkumar Patel filed a putative stockholder derivative and class action complaint in the Delaware Court of Chancery against Talos Energy, Inc. (“Talos”), all of the members of Talos’s board of directors (including two Apollo partners), Riverstone Holdings, LLC (“Riverstone”), AGM Inc., and Guggenheim Securities, LLC in connection with the acquisition of certain assets from Castex Energy 2014, LLC and ILX Holdings, LLC in February 2020. The complaint asserts, on behalf of a putative class of shareholders and Talos, direct and derivative claims against Apollo, Riverstone, and the individual defendants for breach of their fiduciary duties. The plaintiff alleges that Apollo and Riverstone comprise a controlling shareholder group. The complaint seeks, among other relief, class certification and unspecified money damages. On August 4, 2020, the defendants filed motions to dismiss the complaint in its entirety. The motion was fully briefed and oral argument was held on February 19, 2021. On May 17, 2021, Vice Chancellor Zurn sent a letter to counsel ordering that the Riverstone funds and Apollo funds that hold the relevant Talos stock be joined as necessary parties. The parties filed a stipulation, which was entered by the court on June 7, 2021, adding Riverstone Talos Energy Equityco LLC, Riverstone Talos Energy Debtco LLC, Apollo Talos Holdings, L.P., and AP Talos Energy Debtco LLC as defendants in the action. These parties adopted the arguments previously advanced by the Riverstone and Apollo defendants, and did not engage in any separate briefing or argument. On September 30, 2021, Vice Chancellor Zurn dismissed the complaint in its entirety against all defendants. Plaintiff has filed an appeal of this decision by the Delaware Court of Chancery dismiss the claims, and that appeal is pending. Apollo believes that the Plaintiff’s arguments on appeal are without merit. No reasonable estimate of possible loss, if any, can be made at this time. On August 4, 2020, a putative class action complaint was filed in the United States District Court for the District of Nevada against PlayAGS Inc. (“PlayAGS”), all of the members of PlayAGS’s board of directors (including three directors who are affiliated with Apollo), certain underwriters of PlayAGS (including Apollo Global Securities, LLC), as well as AGM Inc., Apollo Investment Fund VIII, L.P., Apollo Gaming Holdings, L.P., and Apollo Gaming Voteco, LLC (these last four parties, together, the “Apollo Defendants”). The complaint asserts claims arising under the Securities Act of 1933 in connection with certain secondary offerings of PlayAGS stock conducted in August 2018 and March 2019, alleging that the registration statements issued in connection with those offerings did not fully disclose certain business challenges facing PlayAGS. Such claims are asserted against all defendants, including Apollo Global Securities, LLC and the Apollo Defendants, as well as all directors (including the directors affiliated with Apollo). The complaint further asserts a control person claim under Section 20(a) of the Exchange Act against the Apollo Defendants and the director defendants (including the directors affiliated with Apollo), alleging that the Apollo Defendants and the director defendants were responsible for certain misstatements and omissions by PlayAGS about its business during a putative class period from May 3, 2018 through August 7, 2019. Plaintiffs filed a consolidated amended complaint on January 11, 2021, and they filed a further amended complaint on March 25, 2021. On May 24, 2021, the Apollo Defendants filed a motion to dismiss the complaint in its entirety. Plaintiffs opposed this motion on July 23, 2021. The Apollo Defendants’ filed their reply on September 13, 2021. Apollo believes the claims in this action are without merit. Because this action is in the early stages, no reasonable estimate of possible loss, if any, can be made at this time. On or around October 19, 2021, a purported stockholder of AGM Inc. filed a complaint against AGM Inc. in the Court of Chancery of the State of Delaware seeking the disclosure of certain additional documents pursuant to Section 220 of the Delaware General Corporation Law. The complaint alleges that the stockholder seeks to investigate (a) whether wrongdoing or mismanagement occurred in connection with the decision of the AGM Inc. board of directors to pay, in connection with the elimination of the AGM Inc. Up-C structure, the partners of AP Professional Holdings, L.P. (including the Former Managing Partners) a payment of cash equal to $3.66 per AOG Unit held, which the complaint characterizes as providing $640 million for “Tax Receivable Agreement” assets (which the stockholder alleges are worth nothing); (b) the independence and disinterestedness of AGM Inc. directors and/or officers; and (c) potential damages relating thereto. Commitments and Contingencies— Other long-term obligations relate to payments with respect to certain consulting agreements entered into by Apollo Investment Consulting LLC, a subsidiary of Apollo, as well as long-term service contracts. A significant portion of these costs are reimbursable by funds or portfolio companies. As of December 31, 2021, fixed and determinable payments due in connection with these obligations were as follows: 2022 2023 2024 2025 2026 Thereafter Total Other long-term obligations $ 29,457 $ 1,152 $ 787 $ 682 $ 682 $ 682 $ 33,442 Contingent Obligations— Performance allocations with respect to certain funds are subject to reversal in the event of future losses to the extent of the cumulative revenues recognized in income to date. If all of the existing investments became worthless, the amount of cumulative revenues that have been recognized by Apollo through December 31, 2021 and that would be reversed approximates $4.4 billion. Management views the possibility of all of the investments becoming worthless as remote. Performance allocations are affected by changes in the fair values of the underlying investments in the funds that Apollo manages. Valuations, on an unrealized basis, can be significantly affected by a variety of external factors including, but not limited to, bond yields and industry trading multiples. Movements in these items can affect valuations quarter to quarter even if the underlying business fundamentals remain stable. Additionally, at the end of the life of certain funds that the Company manages, there could be a payment due to a fund by the Company if the Company, as general partner, has received more performance allocations than was ultimately earned. The general partner obligation amount, if any, will depend on final realized values of investments at the end of the life of each fund or as otherwise set forth in the respective limited partnership agreement of the fund. See note 15 to our consolidated financial statements for further details regarding the general partner obligation. Certain funds may not generate performance allocations as a result of unrealized and realized losses that are recognized in the current and prior reporting period. In certain cases, performance allocations will not be generated until additional unrealized and realized gains occur. Any appreciation would first cover the deductions for invested capital, unreturned organizational expenses, operating expenses, management fees and priority returns based on the terms of the respective fund agreements. One of the Company’s subsidiaries, AGS, provides underwriting commitments in connection with securities offerings of related parties of Apollo, including portfolio companies of the funds Apollo manages, as well as third parties. As of December 31, 2021 and December 31, 2020, there were no open underwriting commitments. In connection with the launch of a non-traded business development company, the Company agreed to guarantee a commitment to purchase the underlying portfolio investment, in the event the business development company does not raise sufficient third party capital. The Company’s maximum commitment is $510 million, and is backstopped by an unconsolidated related party fund up to $500 million. The likelihood that performance under the guarantee arrangement will be required is determined to be remote. Contingent Consideration— In connection with the acquisition of Stone Tower in April 2012, the Company agreed to pay the former owners of Stone Tower a specified percentage of any future performance revenues earned from certain of the Stone Tower funds, CLOs, and strategic investment accounts. This contingent consideration liability was determined based on the present value of estimated future performance revenue payments, and is recorded in profit sharing payable in the consolidated statements of financial condition. The fair value of the remaining contingent obligation was $125.9 million and $119.8 million as of December 31, 2021 and December 31, 2020, respectively. The contingent consideration obligations will be remeasured to fair value at each reporting period until the obligations are satisfied and are characterized as Level III liabilities. The changes in the fair value of the contingent consideration obligations is reflected in profit sharing expense in the consolidated statements of operations. See note 7 for further information regarding fair value measurements.

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING Apollo conducts its business primarily in the United States through three reportable segments: credit, private equity and real assets. Segment information is utilized by our chief operating decision makers to assess performance and to allocate resources. These segments were established based on the nature of investment activities in each underlying fund, including the specific type of investment made and the level of control over the investment. The performance is measured by the Company’s chief operating decision maker on an unconsolidated basis because management makes operating decisions and assesses the performance of each of Apollo’s business segments based on financial and operating metrics and data that exclude the effects of consolidation of any of the affiliated funds. Segment Distributable Earnings Segment Distributable Earnings, or “Segment DE”, is the key performance measure used by management in evaluating the performance of Apollo’s credit, private equity and real assets segments. Management believes the components of Segment DE, such as the amount of management fees, advisory and transaction fees and realized performance fees, are indicative of the Company’s performance. Management uses Segment DE in making key operating decisions such as the following: • Decisions related to the allocation of resources such as staffing decisions including hiring and locations for deployment of the new hires; • Decisions related to capital deployment such as providing capital to facilitate growth for the business and/or to facilitate expansion into new businesses; • Decisions related to expenses, such as determining annual discretionary bonuses and equity-based compensation awards to its employees. With respect to compensation, management seeks to align the interests of certain professionals and selected other individuals with those of the investors in the funds and those of Apollo’s stockholders by providing such individuals a profit sharing interest in the performance fees earned in relation to the funds. To achieve that objective, a certain amount of compensation is based on Apollo’s performance and growth for the year; and • Decisions related to the amount of earnings available for dividends to Class A Common Stockholders, holders of RSUs that participate in dividends and holders of AOG Units that participate in dividends. Segment DE is a measure of profitability and has certain limitations in that it does not take into account certain items included under U.S. GAAP. Segment DE represents the amount of Apollo’s net realized earnings, excluding the effects of the consolidation of any of the related funds and SPACs, taxes and related payables, transaction-related charges and any acquisitions. Transaction-related charges includes equity-based compensation charges, the amortization of intangible assets, contingent consideration, and certain other charges associated with acquisitions, and restructuring charges. In addition, Segment DE excludes non-cash revenue and expense related to equity awards granted by unconsolidated related parties to employees of the Company, compensation and administrative related expense reimbursements, as well as the assets, liabilities and operating results of the funds and variable interest entities that are included in the consolidated financial statements. Segment DE also excludes impacts of the remeasurement of the tax receivable agreement liability recorded in other income, which arises from changes in the associated deferred tax balance. Segment DE may not be comparable to similarly titled measures used by other companies and is not a measure of performance calculated in accordance with U.S. GAAP. We use Segment DE as a measure of operating performance, not as a measure of liquidity. Segment DE should not be considered in isolation or as a substitute for net income or other income data prepared in accordance with U.S. GAAP. The use of Segment DE without consideration of related U.S. GAAP measures is not adequate due to the adjustments described above. Management compensates for these limitations by using Segment DE as a supplemental measure to U.S. GAAP results, to provide a more complete understanding of our performance as management measures it. A reconciliation of Segment DE to its most directly comparable U.S. GAAP measure of income (loss) before income tax provision can be found in this footnote. Fee Related Earnings Fee Related Earnings (“FRE”) is derived from our segment reported results and refers to a component of Segment DE that is used as a supplemental performance measure to assess whether revenues that we believe are generally more stable and predictable in nature, primarily consisting of management fees, are sufficient to cover associated operating expenses and generate profits. FRE is the sum across all segments of (i) management fees, (ii) advisory and transaction fees, (iii) performance fees related to business development companies, Redding Ridge Holdings LP (“Redding Ridge Holdings”), an affiliate of Redding Ridge, and MidCap and (iv) other income, net, less (x) salary, bonus and benefits, excluding equity-based compensation, (y) other associated operating expenses and (z) non-controlling interests in the management companies of certain funds the Company manages. The following tables present financial data for Apollo’s reportable segments. As of and for the Year Ended December 31, 2021 Credit Private Equity Real Assets Total Reportable Management fees $ 1,128,994 $ 484,885 $ 264,331 $ 1,878,210 Advisory and transaction fees, net 151,665 126,567 19,876 298,108 Performance fees (1) 56,865 — — 56,865 Fee Related Revenues 1,337,524 611,452 284,207 2,233,183 Salary, bonus and benefits (301,692) (255,291) (129,370) (686,353) General, administrative and other (169,750) (114,054) (57,991) (341,795) Placement fees (4,115) (188) (40) (4,343) Fee Related Expenses (475,557) (369,533) (187,401) (1,032,491) Other income (loss), net of Non-Controlling Interest (4,753) 1,852 621 (2,280) Fee Related Earnings 857,214 243,771 97,427 1,198,412 Realized performance fees 262,677 1,259,754 66,643 1,589,074 Realized profit sharing expense (141,898) (641,066) (34,053) (817,017) Net Realized Performance Fees 120,779 618,688 32,590 772,057 Realized principal investment income, net (2) 255,408 147,943 5,800 409,151 Net interest loss and other (56,088) (51,103) (31,006) (138,197) Segment Distributable Earnings (3) $ 1,177,313 $ 959,299 $ 104,811 $ 2,241,423 Total Assets (3) $ 7,633,167 $ 5,067,882 $ 872,351 $ 13,573,400 (1) Represents certain performance fees related to business development companies, Redding Ridge Holdings and MidCap. (2) Realized principal investment income, net includes dividends from our permanent capital vehicles, net of such amounts used to compensate employees. (3) Refer below for a reconciliation of total revenues, total expenses, other loss and total assets for Apollo’s total reportable segments to total consolidated revenues, total consolidated expenses, total consolidated other income (loss) and total assets. As of and for the Year Ended December 31, 2020 Credit Private Equity Real Assets Total Reportable Management fees $ 934,852 $ 506,506 $ 206,606 $ 1,647,964 Advisory and transaction fees, net 117,534 124,697 9,289 251,520 Performance fees (1) 9,836 — — 9,836 Fee Related Revenues 1,062,222 631,203 215,895 1,909,320 Salary, bonus and benefits (246,496) (204,211) (110,280) (560,987) General, administrative and other (156,112) (96,385) (51,386) (303,883) Placement fees (1,519) (295) — (1,814) Fee Related Expenses (404,127) (300,891) (161,666) (866,684) Other income (loss), net of Non-Controlling Interest (2,279) (75) 245 (2,109) Fee Related Earnings 655,816 330,237 54,474 1,040,527 Realized performance fees 188,441 29,687 62,795 280,923 Realized profit sharing expense (128,842) (19,665) (41,800) (190,307) Net Realized Performance Fees 59,599 10,022 20,995 90,616 Realized principal investment income, net (2) 8,375 8,741 5,735 22,851 Net interest loss and other (56,200) (55,196) (23,118) (134,514) Segment Distributable Earnings (3) $ 667,590 $ 293,804 $ 58,086 $ 1,019,480 Total Assets (3) $ 4,711,110 $ 3,244,513 $ 725,844 $ 8,681,467 (1) Represents certain performance fees related to business development companies, Redding Ridge Holdings and Midcap. (2) Realized principal investment income, net includes dividends from our permanent capital vehicles, net of such amounts used to compensate employees. (3) Refer below for a reconciliation of total revenues, total expenses and other income (loss) for Apollo’s total reportable segments to total consolidated revenues, total consolidated expenses and total consolidated other income (loss) and total assets. For the Year Ended December 31, 2019 Credit Private Equity Real Assets Total Reportable Management fees $ 779,266 $ 523,194 $ 188,610 $ 1,491,070 Advisory and transaction fees, net 44,116 71,324 7,450 122,890 Performance fees (1) 21,110 — — 21,110 Fee Related Revenues 844,492 594,518 196,060 1,635,070 Salary, bonus and benefits (196,143) (184,403) (82,770) (463,316) General, administrative and other (131,664) (99,098) (42,242) (273,004) Placement fees (272) (812) (1) (1,085) Fee Related Expenses (328,079) (284,313) (125,013) (737,405) Other income, net of Non-Controlling Interest 54 4,306 177 4,537 Fee Related Earnings 516,467 314,511 71,224 902,202 Realized performance fees 169,611 429,152 3,343 602,106 Realized profit sharing expense (93,675) (195,140) (1,437) (290,252) Net Realized Performance Fees 75,936 234,012 1,906 311,854 Realized principal investment income, net (2) 8,764 53,782 3,151 65,697 Net interest loss and other (21,997) (31,804) (11,525) (65,326) Segment Distributable Earnings (3) $ 579,170 $ 570,501 $ 64,756 $ 1,214,427 (1) Represents certain performance fees related to business development companies and Redding Ridge Holdings (2) Realized principal investment income, net includes dividends from our permanent capital vehicles, net of such amounts used to compensate employees. (3) Refer below for a reconciliation of total revenues, total expenses and other income (loss) for Apollo’s total reportable segments to total consolidated revenues, total consolidated expenses and total consolidated other income (loss) and total assets. The following table reconciles total consolidated revenues to total revenues for Apollo’s reportable segments: For the Years Ended December 31, 2021 2020 2019 Total Consolidated Revenues $ 5,951,598 $ 2,354,019 $ 2,931,849 Equity awards granted by unconsolidated related parties, reimbursable expenses and other (1) (137,992) (118,240) (102,672) Adjustments related to consolidated funds and VIEs (1) 146,380 78,296 12,854 Performance fees (2) (3,054,712) (315,719) (1,036,688) Principal investment income (672,091) (89,036) (170,273) Total Fee Related Revenues 2,233,183 1,909,320 1,635,070 Realized performance fees 1,589,074 280,923 602,106 Realized principal investment income, net and other 409,151 19,482 62,328 Total Segment Revenues $ 4,231,408 $ 2,209,725 $ 2,299,504 (1) Represents advisory fees, management fees and performance fees earned from consolidated VIEs which are eliminated in consolidation. Includes non-cash revenues related to equity awards granted by unconsolidated related parties to employees of the Company and certain compensation and administrative related expense reimbursements. (2) Excludes certain performance fees from business development companies, Redding Ridge Holdings and MidCap. The following table reconciles total consolidated expenses to total expenses for Apollo’s reportable segments: For the Years Ended December 31, 2021 2020 2019 Total Consolidated Expenses $ 4,114,230 $ 1,577,964 $ 1,691,280 Equity awards granted by unconsolidated related parties, reimbursable expenses and other (1) (159,332) (110,669) (103,292) Reclassification of interest expenses (139,090) (133,239) (98,369) Transaction-related charges, net (1) (34,591) (39,186) (49,213) Merger-related transaction and integration costs (2) (66,848) — — Charges associated with corporate conversion (3) — (3,893) (21,987) Equity-based compensation (79,777) (67,852) (70,962) One-time equity-based compensation and other charges (4) (949,152) — — Total profit sharing expense (5) (1,626,557) (352,741) (594,052) Dividend-related compensation expense (26,392) (3,700) (16,000) Total Fee Related Expenses 1,032,491 866,684 737,405 Realized profit sharing expense 817,017 190,307 290,252 Total Segment Expenses $ 1,849,508 $ 1,056,991 $ 1,027,657 (1) Represents the addition of expenses of consolidated funds and VIEs, transaction-related charges, non-cash expenses related to equity awards granted by unconsolidated related parties to employees of the Company and certain compensation and administrative expenses. Transaction-related charges include equity-based compensation charges, the amortization of intangible assets, contingent consideration and certain other charges associated with acquisitions, and restructuring charges. (2) Merger-related transaction and integration costs includes advisory services, technology integration and other costs associated with the Company’s merger with Athene. (3) Represents expenses incurred in relation to the Conversion, as described in note 1. (4) Includes one-time equity-based compensation expense and associated taxes related to the previously announced reset of the Company’s compensation structure. (5) Includes unrealized profit sharing expense, realized profit sharing expense and equity-based profit sharing expense and other. The following table reconciles total consolidated other income (loss) to total other loss for Apollo’s reportable segments: For the Years Ended December 31, 2021 2020 2019 Total Consolidated Other Income (Loss) $ 3,024,906 $ (222,287) $ 167,280 Adjustments related to consolidated funds and VIEs (1) (555,410) (193,868) (38,607) (Gain) loss from change in tax receivable agreement liability (9,609) (12,426) 50,307 Net (gains) losses from investment activities (2,610,232) 452,973 (138,117) Interest income and other, net of Non-Controlling Interest 148,065 (26,501) (36,326) Other Income (Loss), net of Non-Controlling Interest (2,280) (2,109) 4,537 Net interest loss and other (138,197) (131,145) (61,957) Total Segment Other Loss $ (140,477) $ (133,254) $ (57,420) (1) Represents the addition of other income of consolidated funds and VIEs. The following table presents the reconciliation of income before income tax provision reported in the consolidated statements of operations to Segment Distributable Earnings: For the Years Ended December 31, 2021 2020 2019 Income before income tax provision $ 4,862,274 $ 553,768 $ 1,407,849 Transaction-related charges (1) 34,591 39,186 49,213 Merger-related transaction and integration costs (2) 66,848 — — Charges associated with corporate conversion (3) — 3,893 21,987 (Gain) loss from change in tax receivable agreement liability (9,609) (12,426) 50,307 Net income attributable to Non-Controlling Interests in consolidated entities (417,692) (118,378) (30,504) Unrealized performance fees (1,464,502) (34,796) (434,582) Unrealized profit sharing expense 648,882 33,350 207,592 Equity-based profit sharing expense and other (4) 145,754 129,084 96,208 Equity-based compensation 79,777 67,852 70,962 One-time equity-based compensation and other charges (5) 949,152 — — Unrealized principal investment income (221,645) (62,485) (88,576) Unrealized net (gains) losses from investment activities and other (2,432,407) 420,432 (136,029) Segment Distributable Earnings $ 2,241,423 $ 1,019,480 $ 1,214,427 (1) Transaction-related charges include equity-based compensation charges, the amortization of intangible assets, contingent consideration and certain other charges associated with acquisitions. (2) Merger-related transaction and integration costs includes advisory services, technology integration and other costs associated with the Company’s merger with Athene. (3) Represents expenses incurred in relation to the Conversion, as described in note 1. (4) Equity-based profit sharing expense and other includes certain profit sharing arrangements in which a portion of performance fees distributed to the general partner are allocated by issuance of equity-based awards, rather than cash, to employees of Apollo. Equity-based profit sharing expense and other also includes non-cash expenses related to equity awards granted by unconsolidated related parties to employees of Apollo. (5) Includes one-time equity-based compensation expense and associated taxes related to the previously announced reset of the Company’s compensation structure. The following table presents the reconciliation of Apollo’s total reportable segment assets to total assets: As of As of Total reportable segment assets $ 13,573,400 $ 8,681,467 Adjustments (1) 16,928,494 14,987,617 Total assets $ 30,501,894 $ 23,669,084 (1) Represents the addition of assets of consolidated funds and VIEs and consolidation elimination adjustments.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Dividends On February 11, 2022, AGM Inc. declared a cash dividend of $0.40 per share of its Common Stock, which will be paid on February 28, 2022 to holders of record at the close of business on February 18, 2022. On February 11, 2022, the Company declared a cash dividend of $0.398438 per share of Series A Preferred Stock and Series B Preferred Stock, which will be paid on March 15, 2022 to holders of record at the close of business on March 1, 2022. Apollo and Athene Merger and Elimination of Up-C Structure On January 1, 2022 (the “Merger Effective Date”), the Company and AHL, completed the previously announced merger transactions pursuant to the Merger Agreement. Effective as of 1:00 a.m. Eastern Time on the Merger Effective Date (the “AAM Merger Effective Time”), AAM Merger Sub merged with and into AAM (the “AAM Merger”), with AAM continuing as a subsidiary of HoldCo. Effective as of 1:01 a.m. Eastern Time on the Merger Effective Date (the “AHL Merger Effective Time”), AHL Merger Sub merged with and into AHL, with AHL continuing as a subsidiary of HoldCo. In connection with the closing of the Mergers, HoldCo was renamed “Apollo Global Management, Inc.” At the AHL Merger Effective Time, each issued and outstanding Class A common share, par value $0.001 per share, of AHL (each, an “AHL Common Share”) (other than AHL Common Shares held (a) by AHL as treasury shares or (b) by AHL Merger Sub, the Apollo Operating Group or the respective direct or indirect wholly-owned subsidiaries of AHL or the Apollo Operating Group), was converted automatically into the right to receive 1.149 duly authorized, validly issued, fully paid and nonassessable shares of common stock, par value $0.00001 per share, of AGM Inc. (“AGM Shares”) and any cash paid in lieu of fractional AGM Shares. No fractional AGM Shares were issued in connection with the AHL Merger, and AHL’s shareholders received cash in lieu of any fractional AGM Shares. At the AAM Merger Effective Time, each issued and outstanding Class A common share of AAM (each, an “AAM Class A Share”) (other than AAM Class A Shares held (a) by AAM as treasury shares or (b) by AAM Merger Sub or any direct or indirect wholly-owned subsidiary of AAM) was converted automatically into the right to receive one AGM Share. Concurrently with the closing of the Mergers, each then outstanding AOG Unit, other than those held indirectly by AAM and those held indirectly by AHL, were exchanged into one AGM Share. Following the closing of the Mergers, it is expected that the AOG Units held by subsidiaries of AHL will be distributed to AGM. Additionally, prior to the closing of the Mergers, each of the sole outstanding Class B common share of AAM and the sole outstanding Class C common share of AAM was exchanged for 10 AAM Class A Shares, which were subsequently exchanged into 10 AGM Shares in the AAM Merger. Following the AAM Merger, each of the issued and outstanding shares of 6.375% Series A preferred stock of AAM and 6.375% Series B preferred stock of AAM (together, the “AAM Preferred Shares”) remains issued and outstanding as preferred stock of AAM. These shares of preferred stock are entitled to the same dividend and all other preferences and privileges, voting rights, relative, participating, optional and other special rights, and qualifications, limitation and restrictions set forth in the existing certificates of designations relating to the respective series of AAM Preferred Shares. Following the AHL Merger, each of the issued and outstanding AHL depository shares, each representing a 1/1000th interest in a 6.35% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Share, Series A, a 5.625% Fixed Rate Perpetual Non-Cumulative Preference Share, Series B, a 6.375% Fixed-Rate Reset Perpetual Non-Cumulative Preference Share, Series C and a 4.875% Fixed Rate Perpetual Non-Cumulative Preference Share, Series D (together, the “AHL Preferred Shares”) under applicable Bermuda law automatically became an equivalent preferred share of AHL, the surviving company in the AHL Merger. These preferred shares are entitled to the same dividend and all other preferences and privileges, voting rights, relative, participating, optional and other special rights, and qualifications, limitations and restrictions set forth in the existing certificates of designations relating to the respective series of AHL Preferred Shares. As provided in the Merger Agreement, at the AAM Merger Effective Time: • each outstanding option to acquire AAM Class A Shares (an “AAM Option”), whether vested or unvested, was converted into an option to purchase a number of AGM Shares (an “AGM Option”) equal to the number of AAM Class A Shares subject to such AAM Option immediately prior to the effective time of the AAM Merger, with an exercise price equal to the exercise price of such AAM Option. Each such AGM Option is otherwise subject to the same terms and conditions as were applicable under the related AAM Option immediately prior to the effective time of the AAM Merger (including, for the avoidance of doubt, the ability to satisfy any required withholding obligations upon vesting and settlement of such AGM Options through net settlement); • each outstanding award of restricted (including transfer-restricted) AAM Class A Shares (an “AAM RSA”) that is subject solely to time-based vesting requirements and not performance-based vesting requirements (an “AAM Fixed RSA”) and each outstanding AAM RSA that is not an AAM Fixed RSA (an “AAM Performance RSA”) was converted into a number of restricted AGM Shares (“AGM RSAs”) equal to the number of AAM Class A Shares subject to such AAM RSA immediately prior to the effective time of the AAM Merger. Each such AGM RSA is otherwise subject to the same terms and conditions as were applicable under the related AAM RSA immediately prior to the effective time of the AAM Merger (including with respect to any dividends accrued thereunder, any performance-based vesting requirements applicable to an AAM Performance RSA immediately prior to the effective time of the AAM Merger, and the ability to satisfy any required withholding obligations upon vesting and settlement of such AGM RSAs through net settlement); and • each outstanding right to obtain the value of an AAM Class A Share (either in the form of an AAM Class A Share, cash, other property or a combination thereof) (an “AAM RSU”) that is subject solely to time-based vesting requirements and not performance-based vesting requirements (an “AAM Fixed RSU”) and each AAM RSU that is not an AAM Fixed RSU (an “AAM Performance RSU”) was converted into a restricted share unit with respect to a number of AGM Shares (“AGM RSUs”) equal to the number of AAM Class A Shares subject to such AAM RSU immediately prior to the effective time of the AAM Merger. Each such AGM RSU is otherwise subject to the same terms and conditions as were applicable under the related AAM RSU immediately prior to the effective time of the AAM Merger (including with respect to any dividend equivalents accrued thereunder, any performance-based vesting requirements applicable to an AAM Performance RSA immediately prior to the effective time of the AAM Merger, and the ability to satisfy any required withholding obligations upon vesting and settlement of such AGM RSUs through net settlement). As provided in the Merger Agreement, at the AHL Merger Effective Time: • each outstanding option to acquire AHL Shares (an “AHL Option”), whether vested or unvested, was converted into a number of AGM Options (rounded down to the nearest whole AGM Share) equal to the product of (i) the exchange ratio of 1.149 multiplied by (ii) the number of AHL Shares subject to such AHL Option immediately prior to the effective time of the AHL Merger (rounded down to the nearest whole share), with an exercise price equal to the quotient of (x) the exercise price of such AHL Option divided by (y) the exchange ratio of 1.149 (rounded up to the nearest whole cent). Each such AGM Option is otherwise subject to the same terms and conditions as were applicable under the related AHL Option immediately prior to the effective time of the AHL Merger (including with respect to the ability to satisfy any required withholding obligations upon vesting and settlement of such AGM Options through net settlement, and any accelerated vesting in connection with a termination of service); • each outstanding award of restricted AHL Shares (an “AHL RSA”) that is subject solely to time-based vesting requirements and not performance-based vesting requirements (an “AHL Fixed RSA”), except for AHL Fixed RSAs held by a non-employee director of AHL, and each AHL RSA that is not an AHL Fixed RSA (an “AHL Variable RSA”), was converted into a number of AGM RSAs (rounded down to the nearest whole AGM Share) equal to (i) the exchange ratio of 1.149 multiplied by (ii) the number of AHL Common Shares subject to such AHL RSA immediately prior to the effective time of the AHL Merger; provided, that in the case of any AHL Variable RSA, (A) for purposes of clause (ii) above, the number of AHL Common Shares in respect of such AHL Variable RSA immediately prior to the effective time of the AHL Merger will be based on the applicable target level of performance and (B) the AGM RSAs will be subject only to the time vesting conditions that applied to the AHL Variable RSA and will vest at the end of the applicable performance period. Each such AGM RSA is otherwise subject to the same terms and conditions as were applicable under the related AHL RSA immediately prior to the effective time of the AHL Merger (including with respect to the ability to satisfy any required withholding obligations upon vesting and settlement of such AGM RSAs through net settlement, any dividends accrued thereunder, and any accelerated vesting in connection with a termination of service); • each outstanding right to obtain the value of an AHL Share (either in the form of an AHL Share, cash, other property or a combination thereof) (an “AHL RSU”) that is subject solely to time-based vesting requirements and not performance-based vesting requirements (an “AHL Fixed RSU”) and each AHL RSU that is not an AHL Fixed RSU (an “AHL Variable RSU”), was converted into a number of AGM RSUs (rounded down to the nearest whole AGM Share) equal to (i) the exchange ratio of 1.149 multiplied by (ii) the number of AHL Common Shares subject to such AHL RSU immediately prior to the effective time of the AHL Merger; provided, that in the case of any AHL Variable RSU, (A) for purposes of clause (ii) above, the number of AHL Common Shares in respect of such AHL Variable RSU immediately prior to the effective time of the AHL Merger was based on the applicable target level of performance and (B) the AGM RSUs will be subject only to the time vesting conditions that applied to the AHL Variable RSU and will vest at the end of the applicable performance period. Each such AGM RSU will otherwise be subject to the same terms and conditions as were applicable under the related AHL RSU immediately prior to the effective time of the AHL Merger (including with respect to any dividend equivalents accrued thereunder, any accelerated vesting in connection with a termination of service, and the ability to satisfy any required withholding obligations upon vesting and settlement of such AGM RSUs through net settlement); and • each AHL Fixed RSA granted to a non-employee director of AHL, by virtue of the occurrence of the AHL Merger, and without any action on the part of the holder thereof, vested upon the effective time of the AHL Merger. The purchase price is calculated based on AGM Inc.’s December 31, 2021 closing share price multiplied by the number of AGM Shares issued in the exchange, as well as the fair value of stock-based compensation awards acquired, value of warrants converted to AGM Shares, and other equity consideration. The total purchase price for the transaction is as follows: (in millions, except share price and exchange ratio) AHL Shares purchased (1) 138 Exchange ratio 1.149 AGM Shares issued in exchange 158 AGM Class A share closing price on December 31, 2021 $ 72.43 Total preliminary purchase price $ 11,455 Fair value of estimated RSUs, options, and warrants assumed, and other equity considerations 710 Total purchase price $ 12,165 (1) AHL shares purchased is based on total number of AHL Class A common shares outstanding as of December 31, 2021 and is exclusive of 54.6 million common shares previously purchased by the Company. Given the recent closing, the purchase accounting analysis is ongoing. The Company will account for the business combination in the first quarter of 2022, subject to subsequent adjustments for any provisional amounts through the measurement period limited to one year from the acquisition date. Apollo Asset Management, Inc. Reverse Stock Split On February 7, 2022, the Company amended the AAM charter to effect a reverse stock split of the Company’s Common Stock, reduce the number of authorized shares of Common Stock, and change the par value of the Common Stock. As of February 7, 2022, there were 40 million shares of Common Stock authorized at AAM, with a par value of $0.00001 each, and 1,000 shares of Common Stock issued and outstanding. All of the outstanding shares of Common Stock of AAM were held by AGM Inc. Other On February 15, 2022, AGM Inc. issued warrants to an institutional investor in a private placement. The warrants are exercisable for up to 13 million AGM Shares at an exercise price of $82.80 per share. The number of AGM Shares underlying each warrant and the exercise price are subject to customary anti-dilution provisions. Each warrant, to the extent exercised, will be settled on a “cashless net exercise basis.” Up to 2.6 million warrants are exercisable beginning on the issuance date and up to 2.6 million warrants will become exercisable on each of the first, second, third and fourth anniversaries, respectively, of the issuance date. The warrants will expire on the fifth anniversary of the issuance date, with any vested but unexercised warrants being automatically exercised at such time if the trading price of AGM Shares is above the exercise price.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Organization of the Company	Organization of the Company Effective September 5, 2019, AGM Inc. converted from a Delaware limited liability company named Apollo Global Management, LLC to a Delaware corporation named Apollo Global Management, Inc. (the “Conversion”). The Company was formed as a Delaware limited liability company on July 3, 2007, and, until the Conversion, was managed by AGM Management, LLC, which was indirectly wholly-owned and controlled by Leon Black, Joshua Harris and Marc Rowan, its Former Managing Partners. As of December 31, 2021, the Company owned, through five intermediate holding companies that include APO Corp., a Delaware corporation that is a domestic corporation for U.S. federal income tax purposes, APO Asset Co., LLC, a Delaware limited liability company that is treated as a corporation for U.S. federal income tax purposes, APO (FC), LLC, an Anguilla limited liability company that is a disregarded entity for U.S. federal income tax purposes, APO (FC II), LLC, an Anguilla limited liability company that is a disregarded entity for U.S. federal income tax purposes, and APO (FC III), LLC, a Cayman Islands limited liability company that is a disregarded entity for U.S. federal income tax purposes (collectively, the “Intermediate Holding Companies”), 57.4% of the economic interests of, and operated and controlled all of the businesses and affairs of, the Apollo Operating Group.
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The consolidated financial statements include the accounts of the Company and all other entities where it has a controlling financial interest. Intercompany accounts and transactions, if any, have been eliminated upon consolidation. Certain reclassifications, when applicable, have been made to the prior periods’ consolidated financial statements and notes to conform to the current period’s presentation and are disclosed accordingly.
Consolidation	Consolidation The types of entities with which Apollo is involved generally include subsidiaries (e.g., general partners and management companies related to the funds the Company manages), entities that have all the attributes of an investment company (e.g., funds), special purpose acquisition companies (“SPACs”) and securitization vehicles (e.g., CLOs). Each of these entities is assessed for consolidation on a case by case basis depending on the specific facts and circumstances surrounding that entity. Pursuant to the consolidation guidance, the Company first evaluates whether it holds a variable interest in an entity. Fees that are customary and commensurate with the level of services provided, and where the Company does not hold other economic interests in the entity that would absorb more than an insignificant amount of the expected losses or returns of the entity, would not be considered a variable interest. Apollo factors in all economic interests, including proportionate interests through related parties, to determine if such interests are considered a variable interest. As Apollo’s interests in many of these entities are solely through market rate fees and/or insignificant indirect interests through related parties, Apollo is not considered to have a variable interest in many of these entities and no further consolidation analysis is performed. For entities where the Company has determined that it does hold a variable interest, the Company performs an assessment to determine whether each of those entities qualify as a variable interest entities (“VIE”). The determination as to whether an entity qualifies as a VIE depends on the facts and circumstances surrounding each entity and therefore certain of Apollo’s funds and other entities may qualify as VIEs under the variable interest model whereas others may qualify as voting interest entities (“VOEs”) under the voting interest model. The granting of substantive kick-out rights is a key consideration in determining whether a limited partnership or similar entity is a VIE and whether or not that entity should be consolidated. Under the variable interest model, Apollo consolidates those entities where it is determined that the Company is the primary beneficiary of the entity. The Company is determined to be the primary beneficiary when it has a controlling financial interest in the VIE, which is defined as possessing both (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant. When Apollo alone is not considered to have a controlling financial interest in the VIE but Apollo and its related parties under common control in the aggregate have a controlling financial interest in the VIE, Apollo will be deemed the primary beneficiary if it is the party that is most closely associated with the VIE. When Apollo and its related parties not under common control in the aggregate have a controlling financial interest in the VIE, Apollo would be deemed to be the primary beneficiary if substantially all the activities of the entity are performed on behalf of Apollo. Apollo determines whether it is the primary beneficiary of a VIE at the time it becomes initially involved with the VIE and reconsiders that conclusion continuously. Investments and redemptions (either by Apollo, related parties of Apollo or third parties) or amendments to the governing documents of the respective entity may affect an entity’s status as a VIE or the determination of the primary beneficiary. Assets and liabilities of the consolidated VIEs, other than SPACs, are primarily shown in separate sections within the consolidated statements of financial condition. Changes in the fair value of the consolidated VIEs’ assets and liabilities and related interest, dividend and other income and expenses are primarily presented within net gains from investment activities of consolidated variable interest entities in the consolidated statements of operations. The portion attributable to Non-Controlling Interests is reported within net income attributable to Non-Controlling Interests in the consolidated statements of operations. For additional disclosures regarding VIEs, see notes 6 and 15. Under the voting interest model, Apollo consolidates those entities it controls through a majority voting interest. Apollo does not consolidate those VOEs in which substantive kick-out rights have been granted to the unrelated investors to either dissolve the fund or remove the general partner.
Cash and Cash Equivalents	Cash and Cash Equivalents Apollo considers all highly liquid short-term investments with original maturities of three months or less when purchased to be cash equivalents. Cash and cash equivalents include money market funds and U.S. Treasury securities with original maturities of three months or less when purchased. Interest income from cash and cash equivalents is recorded in interest income in the consolidated statements of operations. The carrying values of the money market funds and U.S. Treasury securities were $509.5 million and $1.2 billion as of December 31, 2021 and 2020, respectively, which represent their fair values due to their short-term nature and are categorized as Level I within the fair value hierarchy. Substantially all of the Company’s cash on deposit is in interest bearing accounts with major financial institutions and exceed insured limits. Restricted Cash and Cash Equivalents Restricted cash and cash equivalents includes cash held in reserve accounts used to make required payments in respect of the 2039 Senior Secured Guaranteed Notes. Restricted cash and cash equivalents also includes cash deposited at a bank, which is pledged as collateral in connection with leased premises.
U.S. Treasury securities, at fair value	U.S. Treasury securities, at fair value U.S. Treasury securities, at fair value includes U.S. Treasury bills with original maturities greater than three months when purchased. These securities are recorded at fair value. Interest income on such securities is separately presented from the overall change in fair value and is recognized in interest income in the consolidated statements of operations. Any remaining
Fair Value of Financial Instruments	Fair Value of Financial Instruments Apollo elected the fair value option for the Company’s investment in Athene Holding, the assets and liabilities of certain of its consolidated VIEs (including CLOs), the Company’s U.S. Treasury securities with original maturities greater than three months when purchased, and certain of the Company’s other investments. Such election is irrevocable and is applied to financial instruments on an individual basis at initial recognition. The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. Except for the Company’s debt obligations, financial instruments are generally recorded at fair value or at amounts whose carrying values approximate fair value. The actual realized gains or losses will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs and the timing and manner of sale, all of which may ultimately differ significantly from the assumptions on which the valuations were based. Fair Value Hierarchy U.S. GAAP establishes a hierarchical disclosure framework which prioritizes and ranks the level of market price observability used in measuring financial instruments at fair value. Market price observability is affected by a number of factors, including the type of financial instrument, the characteristics specific to the financial instrument and the state of the marketplace, including the existence and transparency of transactions between market participants. Financial instruments with readily available quoted prices in active markets generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value. Financial instruments measured and reported at fair value are classified and disclosed based on the observability of inputs used in the determination of fair values, as follows: Level I - Quoted prices are available in active markets for identical financial instruments as of the reporting date. The types of financial instruments included in Level I include listed equities and debt. The Company does not adjust the quoted price for these financial instruments, even in situations where the Company holds a large position and the sale of such position would likely deviate from the quoted price. Level II - Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value is determined through the use of models or other valuation methodologies. Financial instruments that are generally included in this category include corporate bonds and loans, less liquid and restricted equity securities and certain over-the-counter derivatives where the fair value is based on observable inputs. These financial instruments exhibit higher levels of liquid market observability as compared to Level III financial instruments. Level III - Pricing inputs are unobservable for the financial instrument and includes situations where there is little observable market activity for the financial instrument. The inputs into the determination of fair value may require significant management judgment or estimation. Financial instruments that are included in this category generally include general and limited partner interests in corporate private equity and real assets funds, opportunistic credit funds, distressed debt and non-investment grade residual interests in securitizations, and CDOs and CLOs where the fair value is based on observable inputs as well as unobservable inputs. When a security is valued based on broker quotes, the Company subjects those quotes to various criteria in making the determination as to whether a particular financial instrument would qualify for classification as Level II or Level III. These criteria include, but are not limited to, the number and quality of the broker quotes, the standard deviations of the observed broker quotes, and the percentage deviation from external pricing services. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, a financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the financial instrument when the fair value is based on unobservable inputs.
Equity Method Investments	Equity Method Investments For investments in entities over which the Company exercises significant influence but which do not meet the requirements for consolidation and for which the Company has not elected the fair value option, the Company uses the equity method of accounting, whereby the Company records its share of the underlying income or loss of such entities. The Company’s share of the underlying net income or loss of such entities is recorded in principal investment income (loss) in the consolidated statements of operations. The carrying amounts of equity method investments are recorded in investments in the consolidated statements of financial condition. Generally, the underlying entities that the Company manages and invests in are, for U.S. GAAP purposes, investment companies which reflect their investments at estimated fair value. For such entities, the carrying value of the Company’s equity method investments approximates fair value.
Financial Instruments held by Consolidated VIEs	Financial Instruments held by Consolidated VIEs The Company measures both the financial assets and financial liabilities of the consolidated CLOs in its consolidated financial statements using the fair value of the financial assets or financial liabilities of the consolidated CLOs, whichever are more observable. Where financial assets are more observable, the financial assets of the consolidated CLOs are measured at fair value and the financial liabilities are measured in consolidation as: (i) the sum of the fair value of the financial assets and the carrying value of any nonfinancial assets that are incidental to the operations of the CLOs less (ii) the sum of the fair value of any beneficial interests retained by the Company (other than those that represent compensation for services) and the Company’s carrying value of any beneficial interests that represent compensation for services. The resulting amount is allocated to the individual financial liabilities (other than the beneficial interest retained by the Company) using a reasonable and consistent methodology. Where financial liabilities are more observable, the financial liabilities of the consolidated CLOs are measured at fair value and the financial assets are measured in consolidation as: (i) the sum of the fair value of the financial liabilities, and the carrying value of any nonfinancial liabilities that are incidental to the operations of the CLOs less (ii) the carrying value of any nonfinancial assets that are incidental to the operations of the CLOs. The resulting amount is allocated to the individual financial assets using a reasonable and consistent methodology. Under the measurement alternative, net income attributable to AGM Inc. reflects the Company’s own economic interests in the consolidated CLOs including (i) changes in the fair value of the beneficial interests retained by the Company and (ii) beneficial interests that represent compensation for collateral management services. The consolidated VIEs hold investments that could be traded over-the-counter. Investments in securities that are traded on a securities exchange or comparable over-the-counter quotation systems are valued based on the last reported sale price at that date. If no sales of such investments are reported on such date, and in the case of over-the-counter securities or other investments for which the last sale date is not available, valuations are based on independent market quotations obtained from market participants, recognized pricing services or other sources deemed relevant, and the prices are based on the average of the “bid” and “ask” prices, or at ascertainable prices at the close of business on such day. Market quotations are generally based on valuation pricing models or market transactions of similar securities adjusted for security-specific factors such as relative capital structure priority and interest and yield risks, among other factors. When market quotations are not available, a model based approach is used to determine fair value. Certain consolidated VIEs have applied the fair value option for certain investments in private debt securities that otherwise would not have been carried at fair value with gains and losses in net income.
Leases	Leases The Company determines if an arrangement is a lease or contains a lease at inception. Operating leases are included in lease assets and lease liabilities in the consolidated statements of financial condition. The Company does not have any finance leases. Lease assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Lease assets and lease liabilities are recognized at the date of commencement of the lease (the “commencement date”) based on the present value of lease payments over the lease term. As the rate implicit in most of the Company’s leases are not readily determinable, the Company uses its derived incremental borrowing rate based on information available at commencement date in determining the present value of lease payments. The determination of an appropriate incremental borrowing rate requires judgment. The Company determined its incremental borrowing rate based on consideration of market conditions, the Company’s overall creditworthiness, and recent debt and preferred equity issuances. The Company adjusts its rate accordingly based on the term of the leases. Certain lease agreements contain lease escalation or lease incentive provisions based on the terms of the arrangement with the landlord. Lease escalations and lease incentives, if any, are recognized on a straight-line basis over the lease term. The Company’s lease agreements may also include options to extend or terminate the lease. Options to extend would not be included in the lease term until it is reasonably certain that the Company will exercise that option. Lease expense is recognized on a straight line basis over the lease term and is recorded within general, administrative and other in the consolidated statements of operations. The Company has lease agreements with non-lease components (e.g. estimated operating expenses associate with the lease), which are accounted for separately.
Due from/to Related Parties	Due from/to Related PartiesDue from/to related parties includes Apollo’s existing partners, employees, certain former employees, portfolio companies of the funds and nonconsolidated credit, private equity and real assets funds.
Other Assets	Other Assets Other assets primarily includes fixed assets, net, deferred equity-based compensation, prepaid expenses and intangible assets. Finite-lived intangible assets such as contractual rights to earn future management fees and incentive fees acquired in business combinations are amortized over their estimated useful lives, which are periodically re-evaluated for impairment or when circumstances indicate an impairment may have occurred. Apollo amortizes its identifiable finite-lived intangible assets using a method of amortization reflecting the pattern in which the economic benefits of the finite-lived intangible assets are consumed or fully utilized. If that pattern cannot be reliably determined, Apollo uses the straight-line method of amortization. Fixed assets consist primarily of leasehold improvements, furniture, fixtures, equipment, and computer hardware and are recorded at cost, net of accumulated depreciation and amortization. Depreciation and amortization is calculated using the straight-line method over the assets’ estimated useful lives and in the case of leasehold improvements the lesser of the useful life or the term of the lease. Expenditures for repairs and maintenance are charged to expense when incurred. The Company evaluates long-lived assets for impairment periodically and whenever events or changes in circumstances indicate the carrying amounts of the assets may be impaired.
Business Combinations	Business Combinations The Company accounts for business combinations using the acquisition method of accounting, under which the purchase price of the acquisition is allocated to the assets acquired and liabilities assumed using the fair values determined by management as of the acquisition date. Contingent consideration obligations that are elements of the consideration transferred
Goodwill	Goodwill Goodwill represents the excess of cost over the fair value of identifiable net assets of an acquired business. Goodwill is tested annually for impairment or more frequently if circumstances indicate impairment may have occurred. The Company performed its annual goodwill impairment test as of October 1, 2021 and 2020 and did not identify any impairment.
Deferred Revenue and Revenues	Deferred Revenue Apollo records deferred revenue, which is a type of contract liability, when consideration is received in advance of management services provided. Apollo also earns management fees subject to the Management Fee Offset (described below). When advisory and transaction fees are earned by the management company, the Management Fee Offset reduces the management fee obligation of the fund. When the Company receives cash for advisory and transaction fees, a certain percentage of such advisory and/or transaction fees, as applicable, is allocated as a credit to reduce future management fees, otherwise payable by such fund. Such credit is recorded as deferred revenue in the consolidated statements of financial condition. A portion of any excess advisory and transaction fees may be required to be returned to the limited partners of certain funds upon such fund’s liquidation. As the management fees earned by the Company are presented on a gross basis, any Management Fee Offsets calculated are presented as a reduction to advisory and transaction fees in the consolidated statements of operations. Additionally, Apollo earns advisory fees pursuant to the terms of the advisory agreements with certain of the portfolio companies that are owned by the funds Apollo manages. When Apollo receives a payment from a portfolio company that exceeds the advisory fees earned at that point in time, the excess payment is recorded as deferred revenue in the consolidated statements of financial condition. The advisory agreements with the portfolio companies vary in duration and the associated fees are received monthly, quarterly or annually. Deferred revenue is reversed and recognized as revenue over the period that the agreed upon services are performed. There was $24.0 million of revenue recognized during the year ended December 31, 2021 that was previously deferred as of January 1, 2021. Under the terms of the funds’ partnership agreements, Apollo is normally required to bear organizational expenses over a set dollar amount and placement fees or costs in connection with the offering and sale of interests in the funds it manages to investors. The placement fees are payable to placement agents, who are independent third parties that assist in identifying potential investors, securing commitments to invest from such potential investors, preparing or revising offering and marketing materials, developing strategies for attempting to secure investments by potential investors and/or providing feedback and insight regarding issues and concerns of potential investors, when a limited partner either commits or funds a commitment to a fund. In cases where the limited partners of the funds are determined to be the customer in an arrangement, placement fees may be capitalized as a cost to acquire a customer contract, and amortized over the life of the customer contract. Capitalized placement fees are recorded within other assets in the consolidated statements of financial condition, while amortization is recorded within placement fees in the consolidated statements of operations. In certain instances, the placement fees are paid over a period of time. Based on the management agreements with the funds, Apollo considers placement fees and organizational costs paid in determining if cash has been received in excess of the management fees earned. Placement fees and organizational costs are normally the obligation of Apollo but can be paid for by the funds. When these costs are paid by the fund, the resulting obligations are included within deferred revenue. The deferred revenue balance will also be reduced during future periods when management fees are earned but not paid. Revenues The Company’s revenues are reported in four separate categories that include (i) management fees; (ii) advisory and transaction fees, net; (iii) investment income, which is comprised of performance allocations and principal investment income; and (iv) incentive fees. The Company is required to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services (i.e., the transaction price). When determining the transaction price, the Company may recognize variable consideration only to the extent that it is probable to not be significantly reversed. The Company is also required to disclose the nature, amount, timing, and uncertainty of revenue that is recognized. Performance allocations are accounted for as equity method investments. The Company recognizes performance allocations within investment income along with the related principal investment income (as further described below) in the consolidated statements of operations and within the investments line in the consolidated statements of financial condition.
Debt Issuance Costs	Debt Issuance Costs Debt issuance costs consist of costs incurred in obtaining financing and are amortized over the term of the financing using the effective interest method. These costs are generally recorded as a direct deduction from the carrying amount of the related debt liability on the consolidated statements of financial condition.
Redeemable non-controlling interests	Redeemable non-controlling interestsRedeemable non-controlling interests represent the shares issued by APSG, APSG II and Acropolis, the consolidated SPACs, that are redeemable for cash by the respective public shareholders in connection with the applicable SPACs’ failure to complete a business combination or its tender offer/stockholder approval provisions. The redeemable non-controlling interests are initially recorded at their original issue price, net of issuance costs and the initial fair value of separately traded warrants. The carrying amount is accreted to its redemption value over the period from the date of issuance to the earliest redemption date of the instrument. The accretion to redemption value is recorded against additional paid-in capital.
Foreign Currency	Foreign Currency The Company may, from time to time, hold foreign currency denominated assets and liabilities. The functional currency of the Company’s international subsidiaries is generally the U.S. Dollar, as their operations are considered an extension of U.S. parent operations. Nonmonetary assets and liabilities of the Company’s international subsidiaries are remeasured into the functional currency using historical exchange rates specific to each asset and liability, the exchange rates prevailing at the end of each reporting period is used for all others. The results of the Company’s foreign operations are normally remeasured using an average exchange rate for the respective reporting period. Currency remeasurement adjustments are included within other income, net in the consolidated statements of operations. Gains and losses on the settlement of foreign currency transactions are also included within other income, net in the consolidated statements of operations. Foreign currency denominated assets and liabilities are translated into the reporting currency using the exchange rates prevailing at the end of each reporting period. The results of the Company’s foreign operations are normally translated using an average exchange rate for the respective reporting period. Currency translation adjustments are included within other comprehensive income (loss), net of tax within the consolidated statements of comprehensive income.
Management Fees	Management Fees Management fees are recognized over time during the periods in which the related services are performed in accordance with the contractual terms of the related agreement. Management fees are generally based on (1) a percentage of the capital committed during the commitment period, and thereafter based on the remaining invested capital of unrealized investments, or (2) net asset value, gross assets or as otherwise defined in the respective agreements. Included in management fees are certain expense reimbursements where the Company is considered the principal under the agreements and is required to record the expense and related reimbursement revenue on a gross basis.
Advisory and Transaction Fees, Net	Advisory and Transaction Fees, Net Advisory fees, including management consulting fees and directors’ fees, are generally recognized over time as the underlying services are provided in accordance with the contractual terms of the related agreement. The Company receives such fees in exchange for ongoing management consulting services provided to portfolio companies of funds it manages. Transaction fees, including structuring fees and arranging fees related to the Company’s funds, portfolio companies of funds and third parties are generally recognized at a point in time when the underlying services rendered are complete. The amounts due from fund portfolio companies are recorded in due from related parties on the consolidated statements of financial condition, which is discussed further in note 15. Under the terms of the limited partnership agreements for certain funds, the management fee payable by the funds may be subject to a reduction based on a certain percentage of such advisory and transaction fees, net of applicable broken deal costs (“Management Fee Offset”). Advisory and transaction fees are presented net of the Management Fee Offset in the consolidated statements of operations. Underwriting fees, which are also included within advisory and transaction fees, net, include gains, losses and fees, arising from securities offerings in which one of the Company’s subsidiaries participates in the underwriter syndicate. Underwriting fees are recognized at a point in time when the underwriting is completed. Underwriting fees recognized but not received are recorded in other assets on the consolidated statements of financial condition.
Investment Income	Investment Income Investment income is comprised of performance allocations and principal investment income. Performance Allocations Performance allocations are a type of performance revenue (i.e., income earned based on the extent to which an entity’s performance exceeds predetermined thresholds). Performance allocations are generally structured from a legal standpoint as an allocation of capital in which the Company’s capital account receives allocations of the returns of an entity when those returns exceed predetermined thresholds. The determination of which performance revenues are considered performance allocations is primarily based on the terms of an agreement with the entity. The Company recognizes performance allocations within investment income along with the related principal investment income (as described further below) in the consolidated statements of operations and within the investments line in the consolidated statements of financial condition. When applicable, the Company may record a general partner obligation to return previously distributed performance allocations. The general partner obligation is based upon an assumed liquidation of a fund’s net assets as of the reporting date and is reported within due to related parties on the consolidated statements of financial condition. The actual determination and any required payment of any such general partner obligation would not take place until the final disposition of a fund’s investments based on the contractual termination of the fund or as otherwise set forth in the respective limited partnership agreement or other governing document of the fund. Principal Investment Income
Incentive Fees	Incentive FeesIncentive fees are a type of performance revenue. Incentive fees differ from performance allocations in that incentive fees do not represent an allocation of capital but rather a contractual fee arrangement with the entity.Incentive fees are considered a form of variable consideration as they are subject to clawback or reversal and therefore must be deferred until the fees are probable to not be significantly reversed. Accrued but unpaid incentive fees are reported within incentive fees receivable in the Company’s consolidated statements of financial condition. The Company’s incentive fees primarily relate to the credit segment and are generally received from CLOs, managed accounts and AINV.
Salaries, Bonus and Benefits	Salaries, Bonus and Benefits Salaries, bonus and benefits include base salaries, discretionary and non-discretionary bonuses, severance and employee benefits. Bonuses are generally accrued over the related service period.
Equity-Based Compensation	Equity-Based Compensation Equity-based awards granted to employees and non-employees as compensation are measured based on the grant date fair value of the award. Equity-based awards that do not require future service (i.e., vested awards) are expensed immediately. Equity-based employee awards that require future service are expensed over the relevant service period. In addition, certain restricted share units (“RSUs”) granted by the Company vest based on both continued service and the Company’s receipt of performance revenues, within prescribed periods, sufficient to cover the associated equity-based compensation expense. In accordance with U.S. GAAP, equity-based compensation expense for such awards, if and when granted, will be recognized on an accelerated recognition method over the requisite service period to the extent the performance revenue metrics are met or deemed probable. The Company accounts for forfeitures of equity-based awards when they occur.
Profit Sharing	Profit Sharing Profit sharing expense and profit sharing payable primarily consist of a portion of performance revenues earned from certain funds that are allocated to employees and former employees. Profit sharing amounts are recognized as the related performance revenues are earned. Accordingly, profit sharing amounts can be reversed during periods when there is a decline in performance revenues that were previously recognized. Profit sharing amounts are generally not paid until the related performance revenue is distributed to the general partner upon realization of the fund’s investments. Under certain profit sharing arrangements, the Company requires that a portion of certain of the performance revenues distributed to its employees be used to purchase restricted common stock issued under the Company’s Equity Plan. Prior to distribution of the performance revenue, the Company records the value of the equity-based awards expected to be granted in other assets and other liabilities within the consolidated statements of financial condition. Such equity-based awards are recorded as equity-based compensation expense over the relevant service period once granted. Additionally, profit sharing amounts previously distributed may be subject to clawback from employees and former employees. When applicable, the accrual for potential clawback of previously distributed profit sharing amounts, which is a component of due from related parties on the consolidated statements of financial condition, represents all amounts previously distributed to employees and former employees that would need to be returned to the general partner if the Apollo funds were to be liquidated based on the fair value of the underlying funds’ investments as of the reporting date. The actual general partner receivable, however, would not become realized until the final disposition of a fund’s investments based on the contractual termination of the fund or as otherwise set forth in the respective limited partnership agreement or other governing document of the fund. Profit sharing payable also includes contingent consideration obligations that were recognized in connection with certain Apollo acquisitions. Changes in the fair value of the contingent consideration obligations are reflected in the Company’s consolidated statements of operations as profit sharing expense. The Company has a performance-based incentive arrangement for certain Apollo partners and employees designed to more closely align compensation on an annual basis with the overall realized performance of the Company. This arrangement enables certain partners and employees to earn discretionary compensation based on performance revenue earned by the Company in a given year, which amounts are reflected in profit sharing expense in the accompanying consolidated financial
401(k) Savings Plan	401(k) Savings Plan The Company sponsors a 401(k) savings plan (the “401(k) Plan”) whereby U.S.-based employees are entitled to participate in the 401(k) Plan based upon satisfying certain eligibility requirements. The Company matches 50% of eligible annual employee contributions up to 3% of the eligible employees’ annual compensation. Matching contributions vest after three years of service.
General, Administrative and Other	General, Administrative and OtherGeneral, administrative and other primarily includes professional fees, occupancy, depreciation and amortization, travel, information technology and administration expenses.
Other Income	Other Income Net Gains from Investment Activities Net gains from investment activities include both realized gains and losses and the change in unrealized gains and losses in the Company’s investments, at fair value between the opening reporting date and the closing reporting date. Net Gains from Investment Activities of Consolidated Variable Interest Entities Changes in the fair value of the consolidated VIEs’ assets and liabilities and related interest, dividend and other income and expenses are generally presented within net gains from investment activities of consolidated variable interest entities and are attributable to Non-Controlling Interests in the consolidated statements of operations. Other Income, Net
Income Taxes	Income Taxes Effective September 5, 2019, Apollo Global Management, LLC converted from a Delaware limited liability company to a Delaware corporation named Apollo Global Management, Inc. Subsequent to the Conversion, generally all of the income it earns from the Apollo Operating Group (“AOG”) entities is subject to U.S. corporate income taxes. Certain of the AOG entities operate as partnerships for U.S. income tax purposes and are subject to NYC UBT. Certain non-U.S. entities are also subject to non-U.S. corporate income taxes. Significant judgment is required in determining tax expense and in evaluating tax positions, including evaluating uncertainties. The Company recognizes the tax benefit of uncertain tax positions only where the position is “more likely than not” to be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit is measured as the largest amount of benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. If a tax position is not considered more likely than not to be sustained, then no benefits of the position are recognized. The Company’s tax positions are reviewed and evaluated quarterly to determine whether the Company has uncertain tax positions that require financial statement recognition. Deferred tax assets and liabilities are recognized for the expected future tax consequences of differences between the carrying amount of assets and liabilities and their respective tax basis using currently enacted tax rates. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period during which the change is enacted. Deferred tax assets are reduced by a valuation allowance when it is more likely than not that all or a portion of the deferred tax assets will not be realized.
Non-Controlling Interests	Non-Controlling Interests For entities that are consolidated, but not 100% owned, a portion of the income or loss and corresponding equity is allocated to owners other than Apollo. The aggregate of the income or loss and corresponding equity that is not owned by the Company is included in Non-Controlling Interests in the consolidated financial statements. Prior to the Corporate Recapitalization, the Non-Controlling Interests relating to AGM Inc. included the ownership interest in the Apollo Operating Group held by Former Managing Partners and Contributing Partners through their limited partner interests in Holdings. Additionally, Athene held Non-Controlling Interests in the Apollo Operating Group as a result of the Transaction Agreement. Subsequent to the closing of the Mergers, Athene’s interest in the Apollo Operating Group was distributed to AGM Inc. Non-Controlling Interests also include ownership interests in certain consolidated funds and VIEs. Non-Controlling Interests are presented as a separate component of stockholders’ equity on the Company’s consolidated statements of financial condition. The primary components of Non-Controlling Interests are separately presented in the Company’s consolidated statements of changes in stockholders’ equity to clearly distinguish the interest in the Apollo Operating Group and other ownership interests in the consolidated entities. Net income includes the net income attributable to the holders of Non-Controlling Interests on the Company’s consolidated statements of operations. Profits and losses are allocated to Non-Controlling Interests in proportion to their relative ownership interests regardless of their basis.
Net Income Per Share of Class A Common Stock	Net Income Per Share of Class A Common Stock As Apollo has issued participating securities, U.S. GAAP requires use of the two-class method of computing earnings per share for all periods presented for each class of common stock and participating security as if all earnings for the period had been distributed. Under the two-class method, during periods of net income, the net income is first reduced for distributions declared on all classes of securities to arrive at undistributed earnings. During periods of net losses, the net loss is reduced for distributions declared on participating securities only if the security has the right to participate in the earnings of the entity and an objectively determinable contractual obligation to share in net losses of the entity. Participating securities include vested and unvested RSUs that participate in distributions, as well as unvested restricted shares. Whether during a period of net income or net loss, under the two-class method the remaining earnings are allocated to Class A Common Stock and participating securities to the extent that each security shares in earnings as if all of the earnings for the period had been distributed. Earnings or losses allocated to each class of security are then divided by the applicable weighted average outstanding shares to arrive at basic earnings per share. For the diluted earnings, the denominator includes all outstanding shares of Class A Common Stock and includes the number of additional shares of Class A Common Stock that would have been outstanding if the dilutive potential shares of Class A Common Stock had been issued. The numerator is adjusted for any changes in income or loss that would result from the issuance of these potential shares of Class A Common Stock.
Comprehensive Income (Loss)	Comprehensive Income (Loss) U.S. GAAP guidance establishes standards for reporting comprehensive income and its components in a financial statement that is displayed with the same prominence as other financial statements. U.S. GAAP requires that the Company classify items of other comprehensive income (loss) (“OCI”) by their nature in the financial statements and display the accumulated balance of OCI separately in the stockholders’ equity section of the Company’s consolidated statements of financial condition. Comprehensive income consists of net income and OCI. Apollo’s OCI is primarily comprised of foreign currency translation adjustments associated with the Company's non-U.S. dollar denominated subsidiaries.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Apollo’s most significant estimates include goodwill, intangible assets, income taxes, performance allocations, incentive fees, contingent consideration obligation related to an acquisition, non-cash compensation, and fair value of investments and debt. Due to the ongoing COVID-19 pandemic, there has been uncertainty and disruption in the global economy and financial markets. The Company is unable to predict the adverse impact the ongoing COVID-19 pandemic will ultimately have. While such impact may change considerably over time, the estimates and assumptions affecting the Company’s consolidated financial statements are based on information available as of December 31, 2021. Actual results could differ materially from those estimates.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (“FASB”) issued guidance intended to simplify the accounting for income taxes. The new guidance eliminated certain exceptions to the existing approach in ASC 740, and clarified other guidance within the standard; it was adopted by the Company on its effective date of January 1, 2021. Based on the Company’s existing application of ASC 740, the new guidance did not have a material impact on the consolidated financial statements of the Company.

INVESTMENTS (Tables)

INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]
Summary of Investments	The following table presents Apollo’s investments: As of As of Investments, at fair value $ 5,588,992 $ 2,360,434 Equity method investments 1,345,750 1,010,821 Performance allocations 2,731,733 1,624,156 Total Investments $ 9,666,475 $ 4,995,411
Summary of Equity Method Investments	As such, the following tables present summarized financial information of Athene Holding: As of December 31, 2021 2020 (in millions) Statements of Financial Condition Investments $ 177,567 $ 154,843 Assets 235,149 202,771 Liabilities 212,968 182,631 Equity 22,181 20,140 For the Years Ended December 31, 2021 2020 2019 (in millions) Statements of Operations Revenues $ 26,320 $ 14,764 $ 16,258 Benefits and expenses 22,134 12,558 13,956 Income before income taxes 4,186 2,206 2,302 Income tax expense 386 285 117 Net income $ 3,800 $ 1,921 $ 2,185 Net income (loss) attributable to non-controlling interests (59) 380 13 Net income available to Athene Holding Ltd. shareholders 3,859 1,541 2,172 Less: Preferred stock dividends 141 95 36 Net income available to Athene Holding Ltd. common shareholders $ 3,718 $ 1,446 $ 2,136 Equity method investments consisted of the following: Equity Held as of December 31, 2021 (4) December 31, 2020 (4) Credit (1) $ 220,075 $ 258,952 Private Equity (2) 1,035,079 672,430 Real Assets 90,596 79,439 Total equity method investments (3) $ 1,345,750 $ 1,010,821 (1) The equity method investment in AINV was $40.2 million and $40.4 million as of December 31, 2021 and 2020, respectively. The value of the Company’s investment in AINV was $35.3 million and $30.8 million based on the quoted market price of AINV as of December 31, 2021 and 2020, respectively. (2) The equity method investment in Fund VIII was $248.8 million and $343.3 million as of December 31, 2021 and 2020, respectively, representing an ownership percentage of 2.2% and 2.2% as of December 31, 2021 and 2020, respectively. The equity method investment in Fund IX was $308.9 million and $134.4 million as of December 31, 2021 and 2020, respectively, representing an ownership percentage of 1.9% and 1.9% as of December 31, 2021 and 2020, respectively. (3) Certain funds invest across multiple segments. The presentation in the table above is based on the classification of the majority of such funds’ investments. (4) Some amounts included are a quarter in arrears. The tables below present summarized financial information of the Company’s equity method investments in aggregate: Credit Private Equity Real Assets Aggregate Totals Statement of Financial Condition As of December 31, As of December 31, As of December 31, As of December 31, 2021 (1) 2020 (1) 2021 (1) 2020 (1) 2021 (1) 2020 (1) 2021 (1) 2020 (1) Investments $ 111,671,571 $ 113,854,036 $ 41,823,037 $ 35,125,164 $ 14,327,508 $ 12,154,194 $ 167,822,116 $ 161,133,394 Assets 120,649,119 120,508,401 43,376,405 36,385,974 15,236,319 12,842,290 179,261,843 169,736,665 Liabilities 95,616,159 97,361,638 512,016 488,633 7,421,613 5,961,192 103,549,788 103,811,463 Equity 25,032,960 23,146,763 42,864,389 35,897,341 7,814,706 6,881,098 75,712,055 65,925,202 Credit Private Equity Real Assets Aggregate Totals Statement of Operations For the Years Ended For the Years Ended For the Years Ended For the Years Ended 2021 (1) 2020 (1) 2019 (1) 2021 (1) 2020 (1) 2019 (1) 2021 (1) 2020 (1) 2019 (1) 2021 (1) 2020 (1) 2019 (1) Revenues/Investment Income $ 3,344,746 $ 5,769,187 $ 1,974,306 $ 1,012,919 $ 709,447 $ 675,305 $ 891,260 $ 804,636 $ 509,963 $ 5,248,925 $ 7,283,270 $ 3,159,574 Expenses 3,892,883 5,046,979 1,969,329 622,551 652,520 680,331 420,007 375,623 362,454 4,935,441 6,075,122 3,012,114 Net Investment Income (Loss) (548,137) 722,208 4,977 390,368 56,927 (5,026) 471,253 429,013 147,509 313,484 1,208,148 147,460 Net Realized and Unrealized Gain (Loss) 2,482,143 1,248,084 1,843,877 12,896,577 1,640,109 3,672,268 503,105 (511,697) 856,380 15,881,825 2,376,496 6,372,525 Net Income (Loss) $ 1,934,006 $ 1,970,292 $ 1,848,854 $ 13,286,945 $ 1,697,036 $ 3,667,242 $ 974,358 $ (82,684) $ 1,003,889 $ 16,195,309 $ 3,584,644 $ 6,519,985 (1) Certain credit, private equity and real assets fund amounts are as of and for the twelve months ended September 30, 2021, 2020 and 2019 and exclude amounts related to Athene Holding.
Summary of Realized and Net Change in Unrealized Gains on Investments, at Fair Value	Net Gains (Losses) from Investment Activities The following table presents the realized and net change in unrealized gains (losses) reported in net gains (losses) from investment activities: For the Years Ended December 31, 2021 2020 2019 Realized gains (losses) on sales of investments, net $ (238) $ 2,081 $ 45 Net change in unrealized gains (losses) due to changes in fair value 2,611,141 (457,568) 138,109 Net gains (losses) from investment activities $ 2,610,903 $ (455,487) $ 138,154
Summary of Performance Allocation	Performance allocations receivable recorded within investments in the consolidated statements of financial condition from credit, private equity and real assets funds consisted of the following: As of December 31, 2021 As of December 31, 2020 Credit $ 621,214 $ 465,153 Private Equity 1,901,489 1,040,827 Real Assets 209,030 118,176 Total performance allocations $ 2,731,733 $ 1,624,156 The table below provides a roll forward of the performance allocations balance: Credit Private Equity Real Assets Total Performance allocations, January 1, 2020 $ 418,517 $ 822,531 $ 266,523 $ 1,507,571 Change in fair value of funds 216,960 247,522 (86,288) 378,194 Fund distributions to the Company (170,324) (29,226) (62,059) (261,609) Performance allocations, December 31, 2020 $ 465,153 $ 1,040,827 $ 118,176 $ 1,624,156 Change in fair value of funds 460,012 2,151,444 156,979 2,768,435 Fund distributions to the Company (303,951) (1,290,782) (66,125) (1,660,858) Performance allocations, December 31, 2021 $ 621,214 $ 1,901,489 $ 209,030 $ 2,731,733

PROFIT SHARING PAYABLE (Tables)

PROFIT SHARING PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2021
Profit Sharing Payable [Abstract]
Summary of Profit Sharing From Private Equity, Credit, and Real Estate Funds	Profit sharing payable consisted of the following: As of December 31, 2021 As of December 31, 2020 Credit $ 440,294 $ 356,375 Private Equity 906,133 422,079 Real Assets 98,225 64,223 Total profit sharing payable $ 1,444,652 $ 842,677
Rollforward Summary of Profit Sharing From Private Equity, Credit, and Real Estate Funds	The table below provides a roll forward of the profit sharing payable balance: Credit Private Equity Real Assets Total Profit sharing payable, January 1, 2020 $ 314,125 $ 329,817 $ 114,727 $ 758,669 Profit sharing expense 180,338 115,909 (14,999) 281,248 Payments/other (138,088) (23,647) (35,505) (197,240) Profit sharing payable, December 31, 2020 356,375 422,079 64,223 842,677 Profit sharing expense 265,486 1,123,050 81,264 1,469,800 Payments/other (181,567) (638,996) (47,262) (867,825) Profit sharing payable, December 31, 2021 $ 440,294 $ 906,133 $ 98,225 $ 1,444,652

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Gain (Loss) on Investments of Variable Interest Entities	The following table presents net gains from investment activities of the consolidated VIEs: For the Years Ended December 31, 2021 (1) 2020 (1) 2019 (1) Net gains (losses) from investment activities $ 525,740 $ (22,451) $ 51,039 Net gains (losses) from debt 54,638 27,118 (11,941) Interest and other income 745,590 440,425 29,224 Interest and other expenses (768,679) (247,723) (28,411) Net gains from investment activities of consolidated variable interest entities $ 557,289 $ 197,369 $ 39,911 (1) Amounts reflect consolidation eliminations.
Principal Provisions of Debt	The following table summarizes the principal provisions of those amounts: As of December 31, 2021 As of December 31, 2020 Principal Outstanding Weighted Average Interest Rate Weighted Average Remaining Maturity in Years Principal Outstanding Weighted Average Interest Rate Weighted Average Remaining Maturity in Years Senior Secured Notes (2) $ 7,431,467 3.16 % 15.5 $ 8,104,973 3.11 % 11.1 Subordinated Notes (2) 613,192 N/A (1) 14.5 634,600 N/A (1) 21.8 Secured Borrowings (2)(3) 18,149 2.33 % 0.4 236,698 2.41 % 0.3 Total $ 8,062,808 $ 8,976,271 (1) The principal outstanding balance of the subordinated notes do not have contractual interest rates but instead receive distributions from the excess cash flows of the VIEs. (2) The notes and borrowings of the consolidated VIEs are collateralized by assets held by each respective vehicle and assets of one vehicle may not be used to satisfy the liabilities of another vehicle. As of December 31, 2021 and December 31, 2020, the fair value of these consolidated VIEs’ assets were $8.7 billion and $9.6 billion, respectively. (3) As of December 31, 2021 and December 31, 2020, secured borrowings consist of consolidated VIEs’ obligations through a repurchase agreement redeemable at maturity with third party lenders. The fair value of the secured borrowings as of December 31, 2021 and December 31, 2020 approximates principal outstanding due to the short term nature of the borrowings. These secured borrowings are classified as a Level III liability within the fair value hierarchy.
Carrying Amounts of Assets and Liabilities	The following table presents the carrying amounts of the assets and liabilities of the VIEs for which Apollo has concluded that it holds a significant variable interest, but that it is not the primary beneficiary. In addition, the table presents the maximum exposure to losses relating to these VIEs. As of (2) As of Assets: Cash $ 258,008 $ 354,109 Investments 5,193,465 4,154,057 Receivables 193,112 34,800 Total Assets $ 5,644,585 $ 4,542,966 Liabilities: Debt and other payables $ 1,588,007 $ 1,229,345 Total Liabilities $ 1,588,007 $ 1,229,345 Apollo Exposure (1) $ 240,871 $ 155,273 (1) Represents Apollo’s direct investment in those entities in which Apollo holds a significant variable interest and certain other investments. Additionally, cumulative performance allocations are subject to reversal in the event of future losses, as discussed in note 16. (2) Some amounts included are a quarter in arrears.

FAIR VALUE MEASUREMENTS OF FI_2

FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Valuation of the Financial Assets and Liabilities by the Fair Value Hierarchy	The following tables summarize the Company’s financial assets and financial liabilities recorded at fair value by fair value hierarchy level: As of December 31, 2021 Level I Level II Level III Total Cost Assets U.S. Treasury securities, at fair value (1) $ 1,687,105 $ — $ — $ 1,687,105 $ 1,686,923 Investments, at fair value: Investment in Athene Holding 4,548,048 — — 4,548,048 2,092,038 Other investments 48,493 46,267 946,184 (2) 1,040,944 890,344 Total investments, at fair value 4,596,541 46,267 946,184 5,588,992 2,982,382 Investments of VIEs, at fair value 6,232 1,055,421 13,187,803 14,249,456 Investments of VIEs, valued using NAV — — — 487,595 Total investments of VIEs, at fair value 6,232 1,055,421 13,187,803 14,737,051 Due from related parties (3) — — 47,835 47,835 Derivative assets (4) — 7,436 — 7,436 Total Assets $ 6,289,878 $ 1,109,124 $ 14,181,822 $ 22,068,419 Liabilities Debt of VIEs, at fair value $ — $ 446,029 $ 7,496,479 $ 7,942,508 Other liabilities of VIEs, at fair value — 3,111 31,090 34,201 Other liabilities of VIEs, using NAV — — — 557 Contingent consideration obligations (5) — — 125,901 125,901 Other liabilities (6) 47,961 — — 47,961 Derivative liabilities (4) — 1,520 — 1,520 Total Liabilities $ 47,961 $ 450,660 $ 7,653,470 $ 8,152,648 As of December 31, 2020 Level I Level II Level III Total Cost Assets U.S. Treasury securities, at fair value $ 1,816,958 $ — $ — $ 1,816,958 $ 1,816,635 Investments, at fair value: Investment in Athene Holding — 1,942,574 — 1,942,574 2,092,247 Other investments — 48,088 369,772 (2) 417,860 354,010 Total investments, at fair value — 1,990,662 369,772 2,360,434 2,446,257 Investments of VIEs, at fair value 2,558 2,140,135 10,962,980 13,105,673 Investments of VIEs, valued using NAV — — — 210,343 Total investments of VIEs, at fair value 2,558 2,140,135 10,962,980 13,316,016 Derivative assets (4) — 17 — 17 Total Assets $ 1,819,516 $ 4,130,814 $ 11,332,752 $ 17,493,425 Liabilities Debt of VIEs, at fair value $ — $ 1,580,097 $ 7,080,418 $ 8,660,515 Other liabilities of VIEs, at fair value — 3,874 20,202 24,076 Contingent consideration obligations (5) — — 119,788 119,788 Derivative liabilities (4) — 100 — 100 Total Liabilities $ — $ 1,584,071 $ 7,220,408 $ 8,804,479 (1) U.S. Treasury securities, at fair value, as of December 31, 2021 and December 31, 2020 includes $1.2 billion and $817.0 million, respectively, of U.S. Treasury securities held by consolidated SPACs. Refer to note 15 of this report for further information. (2) Other investments as of December 31, 2021 and December 31, 2020 excludes $175.8 million and $44.4 million, respectively, of performance allocations classified as Level III related to certain investments for which the Company has elected the fair value option. The Company’s policy is to account for performance allocations as investments. (3) Due from related parties represents a receivable from a credit fund. (4) Derivative assets and derivative liabilities are presented as a component of Other assets and Other liabilities, respectively, in the consolidated statements of financial condition. (5) Profit sharing payable includes contingent obligations classified as Level III. (6) Other liabilities includes the publicly traded warrants of APSG and APSG II.
Changes in Fair Value in Financial Assets, Measured at Fair Value and Characterized as Level III Investments	The following tables summarize the changes in fair value in financial assets measured at fair value for which Level III inputs have been used to determine fair value: For the Year Ended December 31, 2021 Other Investments Investments of Consolidated VIEs Total Balance, Beginning of Period $ 369,772 $ 10,962,980 $ 11,332,752 Transfer out due to deconsolidation — (230,541) (230,541) Purchases 492,326 3,679,767 4,172,093 Sale of investments/distributions (3,235) (1,444,857) (1,448,092) Net realized gains 20,063 34,152 54,215 Changes in net unrealized gains 81,613 444,686 526,299 Cumulative translation adjustment (12,639) (31,717) (44,356) Transfer into Level III (1) 706 44,686 45,392 Transfer out of Level III (1) (2,422) (271,353) (273,775) Balance, End of Period $ 946,184 $ 13,187,803 $ 14,133,987 Change in net unrealized gains included in principal investment income related to investments still held at reporting date $ 81,613 $ — $ 81,613 Change in net unrealized gains included in net gains (losses) from investment activities of consolidated VIEs related to investments still held at reporting date — 307,829 307,829 For the Year Ended December 31, 2020 Other Investments Investments of Consolidated VIEs Total Balance, Beginning of Period $ 113,410 $ 321,069 $ 434,479 Transfer in due to consolidation — 7,794,128 7,794,128 Purchases 232,552 4,278,786 4,511,338 Sale of investments/distributions (21,855) (666,998) (688,853) Settlements — (798,487) (798,487) Net realized gains 1,472 17,793 19,265 Changes in net unrealized gains (losses) 24,373 (32,494) (8,121) Cumulative translation adjustment 20,516 50,845 71,361 Transfer into Level III (1) — 84,595 84,595 Transfer out of Level III (1) (696) (86,257) (86,953) Balance, End of Period $ 369,772 $ 10,962,980 $ 11,332,752 Change in net unrealized gains included in principal investment income related to investments still held at reporting date $ 24,373 $ — $ 24,373 Change in net unrealized losses included in net gains (losses) from investment activities of consolidated VIEs related to investments still held at reporting date — (23,534) (23,534) (1) Transfers between Level II and III were a result of subjecting the broker quotes on these financial assets to various criteria which include the number and quality of broker quotes, the standard deviation of obtained broker quotes and the percentage deviation from external pricing services.
Changes in Fair Value in Financial Liabilities, Measured at Fair Value and Characterized as Level III Liabilities	The following tables summarize the changes in fair value in financial liabilities measured at fair value for which Level III inputs have been used to determine fair value: For the Year Ended December 31, 2021 Contingent Consideration Obligations Debt and Other Liabilities of Consolidated VIEs Total Balance, Beginning of Period $ 119,788 $ 7,100,620 $ 7,220,408 Issuances — 705,726 705,726 Repayments (20,609) (320,529) (341,138) Net realized losses — 6,713 6,713 Changes in net unrealized losses (1) 26,722 66,212 92,934 Cumulative translation adjustment — (31,626) (31,626) Transfer into Level III (2) — 453 453 Balance, End of Period $ 125,901 $ 7,527,569 $ 7,653,470 Change in net unrealized losses included in net gains (losses) from investment activities of consolidated VIEs related to debt and other liabilities still held at reporting date $ — $ 44,895 $ 44,895 For the Year Ended December 31, 2020 Contingent Consideration Obligations Debt and Other Liabilities of Consolidated VIEs Total Balance, Beginning of Period $ 112,514 $ — $ 112,514 Transfer in due to consolidation — 4,291,286 4,291,286 Issuances — 3,198,863 3,198,863 Repayments (12,870) (284,001) (296,871) Net realized losses — 2,311 2,311 Changes in net unrealized (gains) losses (1) 20,144 (153,612) (133,468) Cumulative translation adjustment — 45,773 45,773 Balance, End of Period $ 119,788 $ 7,100,620 $ 7,220,408 Change in net unrealized gains included in net gains (losses) from investment activities of consolidated VIEs related to debt and other liabilities still held at reporting date $ — $ (219,645) $ (219,645) (1) Changes in fair value of contingent consideration obligations are recorded in profit sharing expense in the consolidated statements of operations.
Quantitative Inputs and Assumptions used for Financial Assets and Liabilities Categorized in Level III	The following tables summarize the quantitative inputs and assumptions used for financial assets and liabilities categorized as Level III under the fair value hierarchy: As of December 31, 2021 Fair Value Valuation Techniques Unobservable Inputs Ranges Weighted Average (1) Financial Assets Other investments $ 516,221 Embedded value N/A N/A N/A 169,625 Discounted cash flow Discount rate 14.0% - 52.8% 26.4% 260,338 Adjusted transaction value N/A N/A N/A Due from related parties 47,835 Discounted cash flow Discount rate 16.0% 16.0% Investments of consolidated VIEs: Equity securities 4,144,661 Discounted cash flow Discount rate 3.0% - 19.0% 10.4% Dividend discount model Discount rate 13.7% 13.7% Market comparable companies NTAV multiple 1.25x 1.25x Adjusted transaction value Purchase multiple 1.25x 1.25x Adjusted transaction value N/A N/A N/A Bank loans 4,569,873 Discounted cash flow Discount rate 1.8% - 15.6% 4.3% Adjusted transaction value N/A N/A N/A Profit participating notes 2,849,150 Discounted cash flow Discount rate 8.7% - 12.5% 12.4% Adjusted transaction value N/A N/A N/A Real estate 511,648 Discounted cash flow Capitalization rate 4.0% - 5.8% 5.3% Discounted cash flow Discount rate 5.0% - 12.5% 7.3% Discounted cash flow Terminal capitalization rate 8.3% 8.3% Direct capitalization Capitalization rate 5.5% - 8.5% 6.2% Direct capitalization Terminal capitalization rate 6.0% - 12.0% 6.9% Bonds 50,885 Discounted cash flow Discount rate 4.0% - 7.0% 6.1% Third party pricing N/A N/A N/A Other equity investments 1,061,586 Discounted cash flow Discount rate 11.8% -12.5% 12.1% Adjusted transaction value N/A N/A N/A Total Investments of Consolidated VIEs 13,187,803 Total Financial Assets $ 14,181,822 Financial Liabilities Liabilities of Consolidated VIEs: Secured loans $ 4,311,348 Discounted cash flow Discount rate 1.4% - 10.0% 2.8% Subordinated notes 3,164,491 Discounted cash flow Discount rate 4.5% - 11.9% 5.8% Participating equity 20,640 Discounted cash flow Discount rate 15.0% 15.0% Other liabilities 31,090 Discounted cash flow Discount rate 3.7% - 9.3% 6.3% Total Liabilities of Consolidated VIEs 7,527,569 Contingent Consideration Obligation 125,901 Discounted cash flow Discount rate 18.5% 18.5% Total Financial Liabilities $ 7,653,470 As of December 31, 2020 Fair Value Valuation Techniques Unobservable Inputs Ranges Weighted Average (1) Financial Assets Other investments $ 254,655 Embedded value N/A N/A N/A 107,652 Discounted cash flow Discount rate 16% - 47.5% 23.4% 7,465 Third party pricing N/A N/A N/A Investments of consolidated VIEs: Equity securities 4,339,244 Discounted cash flow Discount rate 4.4% - 15.6% 7.2% Discounted cash flow Disposition timeline 8 - 52 months 28.8 Discounted cash flow 2 year home price index forecast (14%) - 9.6% (2.5%) Dividend discount model Discount rate 9.7% - 13.8% 11.2% Market comparable companies NTAV multiple 1.2x 1.2x Market comparable companies P/E multiple 9.8x 9.8x Market comparable companies TBV multiple 0.56x 0.56x Adjusted transaction value Purchase multiple 1.1x 1.1x Adjusted transaction value N/A N/A N/A Bank loans 3,501,384 Discounted cash flow Discount rate 1.8% - 27.0% 3.4% Recoverability Recoverability rate 14.0% - 75.0% 57.8% Third party pricing N/A N/A N/A Profit participating notes 2,577,596 Discounted cash flow Discount rate 7.5% - 15.0% 14.6% Real estate 422,123 Discounted cash flow Capitalization rate 5.8% - 6.0% 5.8% Discounted cash flow Discount rate 6.3% - 12.5% 8.4% Discounted cash flow Terminal capitalization rate 8.3% 8.3% Direct capitalization Capitalization rate 5.5% - 8.5% 6.6% Direct capitalization Terminal capitalization rate 5.8% - 12% 7.6% Bonds 97,209 Discounted cash flow Discount rate 5.5% - 7.0% 6.5% Third party pricing N/A N/A N/A Convertible securities 16,581 Discounted cash flow Discount rate 12.4% 12.4% Dividend discount model Discount rate 13.8% 13.8% Market comparable companies P/E multiple 9.8x 9.8x Market comparable companies TBV multiple 0.56x 0.56x Warrants 2,676 Option model Volatility 50.0% - 64.4% 53.1% Other equity investments 6,167 Third party pricing N/A N/A N/A Total Investments of Consolidated VIEs 10,962,980 Total Financial Assets $ 11,332,752 Financial Liabilities Liabilities of Consolidated VIEs: Secured loans $ 3,822,475 Discounted cash flow Discount rate 1.8% - 9.3% 2.7% Subordinated notes 3,044,437 Discounted cash flow Discount rate 7.7% - 14.0% 9.9% Adjusted transaction value N/A N/A N/A Preferred equity 213,506 Discounted cash flow Discount rate 15% 15% Other liabilities 20,202 Discounted cash flow Discount rate 1.8% - 7.9% 5.7% Adjusted transaction value N/A N/A N/A Third party pricing N/A N/A N/A Total Liabilities of Consolidated VIEs 7,100,620 Contingent Consideration Obligation 119,788 Discounted cash flow Discount rate 17.5% 17.5% Total Financial Liabilities $ 7,220,408 N/A Not applicable EBITDA Earnings before interest, taxes, depreciation, and amortization NTAV Net tangible asset value P/E Price-to-Earnings TBV Total book value (1) Unobservable inputs were weighted based on the fair value of the investments included in the range.

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	12 Months Ended
	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets consisted of the following: As of As of Fixed assets $ 256,252 $ 191,853 Less: Accumulated depreciation and amortization (130,072) (111,821) Fixed assets, net 126,180 80,032 Deferred equity-based compensation (1) 282,900 137,777 Prepaid expenses 57,765 46,639 Intangible assets, net 14,846 23,586 Tax receivables 30,334 42,979 Other 73,876 33,950 Total Other Assets $ 585,901 $ 364,963 (1) Deferred equity-based compensation relates to the value of equity-based awards that have been or are expected to be granted in connection with the settlement of certain profit sharing arrangements. A corresponding amount for awards expected to be granted of $210.6 million and $114.6 million, as of December 31, 2021 and 2020, respectively, is included in other liabilities on the consolidated statements of financial condition.
Schedule of Finite-Lived Intangible Assets	Intangible assets, net consists of the following: As of December 31, 2021 2020 Intangible assets/management contracts $ 272,542 $ 272,572 Accumulated amortization (257,696) (248,986) Intangible assets, net $ 14,846 $ 23,586 The changes in intangible assets, net consist of the following and includes approximately $1.8 million of indefinite-lived intangible assets as of December 31, 2021 and 2020, respectively. For the Years Ended December 31, 2021 2020 2019 Balance, beginning of year $ 23,586 $ 20,615 $ 18,899 Amortization expense (8,740) (7,431) (6,159) Acquisitions / additions — 10,402 7,875 Balance, end of year $ 14,846 $ 23,586 $ 20,615
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Expected amortization of these intangible assets for each of the next 5 years and thereafter is as follows: 2022 2023 2024 2025 2026 Thereafter Total Amortization of intangible assets $ 6,610 $ 4,818 $ 1,388 $ 20 $ 20 $ 230 $ 13,086

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Lease Expense, Supplemental Cash Flow Information and Maturities of Lease Liabilities	The table below presents operating lease expenses recorded in general, administrative and other in the consolidated statements of operations. For the Years Ended December 31, 2021 2020 2019 Operating lease cost $ 48,661 $ 46,483 42,680 The following table presents supplemental cash flow information related to operating leases: For the Years Ended December 31, 2021 2020 2019 Operating cash flows for operating leases $ 31,802 $ 27,452 30,626 Supplemental information related to leases is as follows: As of As of Weighted average remaining lease term (in years) 12.3 13.6 Weighted average discount rate 2.7 % 3.1 %
Lease Payments by Maturity	As of December 31, 2021, the Company’s total lease payments by maturity are presented in the following table: Operating Lease Payments 2022 $ 54,420 2023 56,633 2024 53,975 2025 52,044 2026 47,284 Thereafter 329,964 Total lease payments $ 594,320 Less imputed interest (89,114) Present value of lease payments $ 505,206

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The provision for income taxes is presented in the following table: For the Years Ended December 31, 2021 2020 2019 Current: Federal income tax $ 83,201 $ 21,039 $ 1,973 Foreign income tax (1) 32,530 24,926 10,792 State and local income tax 3,562 5,389 3,408 Subtotal 119,293 51,354 16,173 Deferred: Federal income tax 422,561 9,109 (120,457) Foreign income tax (1) (946) 42 128 State and local income tax 53,471 26,461 (24,838) Subtotal 475,086 35,612 (145,167) Total Income Tax Provision (Benefit) $ 594,379 $ 86,966 $ (128,994) (1) The foreign income tax provision was derived from $211.7 million, $115.9 million and $44.7 million of pre-tax income generated in foreign jurisdictions for the years ended December 31, 2021, 2020 and 2019, respectively.
Schedule of Effective Income Tax Rate Reconciliation	The following table reconciles the U.S. Federal statutory tax rate to the effective income tax rate: For the Years Ended December 31, 2021 2020 2019 U.S. Federal Statutory Tax Rate 21.0 % 21.0 % 21.0 % Income Passed Through to Non-Controlling Interests (10.4) (12.2) (10.7) Income Passed Through to Class A Shareholders — — (2.7) State and Local Income Taxes (net of Federal Benefit) 0.8 3.8 1.1 Impact of Corporate Conversion — 0.9 (16.7) Impact of Foreign Taxes (net of Foreign Tax Credit) 0.3 2.3 0.5 Impact of Equity-Based Compensation 0.5 (1.2) (0.9) Other — 1.1 (0.8) Effective Income Tax Rate 12.2 % 15.7 % (9.2) %
Schedule of Deferred Tax Assets and Liabilities	The Company’s deferred tax assets and liabilities in the consolidated statements of financial condition consist of the following: As of December 31, 2021 2020 Deferred Tax Assets: Depreciation and amortization $ 507,594 $ 273,545 Net operating loss carryforwards 1,414 4,026 Deferred Revenue 5,981 3,329 Equity-based compensation 62,618 14,243 Foreign tax credit — 5,854 Basis difference in investments — 204,653 Other 39,805 33,894 Total Deferred Tax Assets 617,412 539,544 Deferred Tax Liabilities: Basis difference in investments 192,538 — Other 742 300 Total Deferred Tax Liabilities 193,280 300 Total Deferred Tax Assets, Net $ 424,132 $ 539,244
Impact to the Deferred Tax Asset, Tax Receivable Agreement Liability and Additional Paid in Capital	The table below presents the impact to the deferred tax asset, tax receivable agreement liability and additional paid in capital related to the exchange of AOG Units for Class A shares. Exchange of AOG Units Increase in Deferred Tax Asset Increase in Tax Receivable Agreement Liability Increase to Additional Paid In Capital For the Year Ended December 31, 2021 $ 346,896 $ 287,917 $ 58,979 For the Year Ended December 31, 2020 $ 86,864 $ 68,801 $ 28,904

DEBT (Tables)

DEBT (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Summary of Debt	Debt consisted of the following: As of December 31, 2021 As of December 31, 2020 Outstanding Fair Value Annualized Outstanding Fair Value Annualized 2024 Senior Notes (1) $ 498,469 $ 530,052 (4) 4.00 % $ 497,817 $ 553,633 (4) 4.00 % 2026 Senior Notes (1) 497,730 553,055 (4) 4.40 497,217 581,898 (4) 4.40 2029 Senior Notes (1) 674,786 777,703 (4) 4.87 674,757 804,768 (4) 4.87 2030 Senior Notes (1) 494,928 506,094 (4) 2.65 494,375 513,362 (4) 2.65 2039 Senior Secured Guaranteed Notes (1) 317,985 369,041 (5) 4.77 317,042 376,472 (5) 4.77 2048 Senior Notes (1) 296,757 397,191 (4) 5.00 296,633 379,953 (4) 5.00 2050 Subordinated Notes (1) 296,675 308,687 (4) 4.95 296,557 307,500 (4) 4.95 Secured Borrowing I (2) — — — 19,526 19,527 (3) 1.84 Secured Borrowing II (2) 19,334 19,239 (3) 1.70 20,767 20,773 (3) 1.71 2016 AMI Term Facility I (2) 19,186 19,186 (3) 1.30 20,608 20,608 (3) 1.30 2016 AMI Term Facility II (2) 18,546 18,546 (3) 1.40 19,922 19,922 (3) 1.40 Total Debt $ 3,134,396 $ 3,498,794 $ 3,155,221 $ 3,598,416 (1) Includes amortization of note discount, as applicable. Outstanding balance is presented net of unamortized debt issuance costs: As of December 31, 2021 As of December 31, 2020 2024 Senior Notes $ 1,289 $ 1,841 2026 Senior Notes 2,076 2,545 2029 Senior Notes 4,635 5,282 2030 Senior Notes 3,824 4,231 2039 Senior Secured Guaranteed Notes 7,015 7,958 2048 Senior Notes 2,960 3,073 2050 Subordinated Notes 3,325 3,443 Total $ 25,124 $ 28,373 (2) Apollo Management International LLP (“AMI”), a subsidiary of the Company, entered into several credit facilities (collectively referred to as the “AMI Facilities”) to fund the Company’s investment in certain European CLOs it manages: Facility Date Loan Amount Secured Borrowing I December 19, 2019 € 15,984 Secured Borrowing II March 5, 2020 € 17,000 2016 AMI Term Facility I January 18, 2016 € 16,870 2016 AMI Term Facility II June 22, 2016 € 16,308 The Secured Borrowings consist of obligations through repurchase agreements redeemable at maturity with third party lenders. The Secured Borrowing I facility was fully repaid as of December 31, 2021. The remaining maturity of Secured Borrowing II is 10.3 years. (3) Fair value is based on obtained broker quotes. These notes are classified as a Level III liability within the fair value hierarchy based on the number and quality of broker quotes obtained, the standard deviations of the observed broker quotes and the percentage deviation from external pricing services. For instances where broker quotes are not available, a discounted cash flow method is used to obtain a fair value. (4) Fair value is based on obtained broker quotes. These notes are classified as a Level II liability within the fair value hierarchy based on the number and quality of broker quotes obtained, the standard deviations of the observed broker quotes and the percentage deviation from external pricing services. (5) Fair value is based on a discounted cash flow method. These notes are classified as a Level III liability within the fair value hierarchy.
Schedule of Interest Expense	The following table presents the interest expense incurred related to the Company’s debt: For the Years Ended December 31, 2021 2020 2019 Interest Expense: (1) 2018 AMH Credit Facility $ — $ 1,215 $ 1,277 AMH Credit Facility 1,301 73 — 2024 Senior Notes 20,652 20,652 20,652 2026 Senior Notes 22,513 22,513 22,513 2029 Senior Notes 32,916 32,916 27,743 2030 Senior Notes 13,845 7,888 — 2039 Senior Secured Guaranteed Notes 16,445 16,445 9,182 2048 Senior Notes 15,124 15,124 15,124 2050 Subordinated Notes 14,968 14,970 586 AMI Term Facilities/ Secured Borrowings 1,326 1,443 1,292 Total Interest Expense $ 139,090 $ 133,239 $ 98,369 (1) Debt issuance costs incurred are amortized into interest expense over the term of the debt arrangement, as applicable. The table below presents the contractual maturities for the Company's debt arrangements as of December 31, 2021: 2022 2023 2024 2025 2026 Thereafter Total 2024 Senior Notes $ — $ — $ 500,000 $ — $ — $ — $ 500,000 2026 Senior Notes — — — — 500,000 — 500,000 2029 Senior Notes — — — — — 675,000 675,000 2030 Senior Notes — — — — — 500,000 500,000 2039 Senior Secured Guaranteed Notes — — — — — 325,000 325,000 2048 Senior Notes — — — — — 300,000 300,000 2050 Subordinated Notes — — — — — 300,000 300,000 Secured Borrowing II — — — — — 19,334 19,334 2016 AMI Term Facility I — — — 19,186 — — 19,186 2016 AMI Term Facility II — 18,546 — — — — 18,546 Total Obligations as of December 31, 2021 $ — $ 18,546 $ 500,000 $ 19,186 $ 500,000 $ 2,119,334 $ 3,157,066 The following table presents the revenues earned in aggregate from Athene and Athora: For the Years Ended December 31, 2021 2020 2019 Revenues earned in aggregate from Athene, Athora, net (1)(2) $ 3,684,602 $ 332,474 $ 788,066 (1) Consisting of management fees, sub-advisory fees, performance revenues from Athene, Athora and AAA Investments, as applicable (net of related profit sharing expense) and changes in the market value of the Athene Holding shares owned directly by Apollo. These amounts exclude the deferred revenue recognized as management fees associated with the vesting of AHL Awards granted to employees of Apollo. (2) Gains (losses) on the market value of the shares of Athene Holding owned directly by Apollo were $2.6 billion, $(456.3) million and $137.2 million for the years ended December 31, 2021, 2020 and 2019, respectively.

NET INCOME PER SHARE OF CLASS_2

NET INCOME PER SHARE OF CLASS A COMMON STOCK (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Basic and Diluted Net Income Per Share of Class A Common Stock	The table below presents basic and diluted net income per share of Class A Common Stock using the two-class method: Basic and Diluted For the Years Ended December 31, 2021 2020 2019 Numerator: Net Income Attributable to Apollo Global Management, Inc. Class A Common Stockholders $ 1,801,835 $ 119,958 $ 806,537 Dividends declared on Class A Common Stock (1) (500,286) (530,576) (417,386) Dividends on participating securities (2) (16,851) (18,956) (17,888) Earnings allocable to participating securities (54,283) — (3) (17,343) Undistributed income (loss) attributable to Class A Common Stockholders: Basic 1,230,415 (429,574) 353,920 Dilution effect on distributable income attributable to unvested RSUs — — 3,173 Undistributed income (loss) attributable to Class A Common Stockholders: Diluted $ 1,230,415 $ (429,574) $ 357,093 Denominator: Weighted average number of shares of Class A Common Stock outstanding: Basic 236,567,691 227,530,600 207,072,413 Dilution effect of unvested RSUs — — 1,676,111 Weighted average number of shares of Class A Common Stock outstanding: Diluted 236,567,691 227,530,600 208,748,524 Net Income per share of Class A Common Stock: Basic Distributed Income $ 2.10 $ 2.31 $ 2.02 Undistributed Income (Loss) 5.22 (1.87) 1.70 Net Income per share of Class A Common Stock: Basic $ 7.32 $ 0.44 $ 3.72 Net Income per share of Class A Common Stock: Diluted (4) Distributed Income $ 2.10 $ 2.31 $ 2.01 Undistributed Income (Loss) 5.22 (1.87) 1.70 Net Income per share of Class A Common Stock: Diluted $ 7.32 $ 0.44 $ 3.71 (1) See note 14 for information regarding the quarterly dividends declared and paid during 2021 , 2020 and 2019. (2) Participating securities consist of vested and unvested RSUs that have rights to dividends and unvested restricted shares. (3) No allocation of undistributed losses was made to the participating securities as the holders do not have a contractual obligation to share in the losses of the Company with Class A Common Stockholders. (4) For the years ended December 31, 2021 and 2020, all of the classes of securities were determined to be anti-dilutive. For the year ended December 31, 2019, unvested RSUs were determined to be dilutive, and were accordingly included in the diluted earnings per share calculation. For the year ended December 31, 2019, the share options, AOG Units and participating securities were determined to be anti-dilutive and were accordingly excluded from the diluted earnings per share calculation.
Schedule of Weighted Average Number of Shares	The following table summarizes the anti-dilutive securities. For the Years Ended December 31, 2021 2020 2019 Weighted average vested RSUs 1,725,294 479,603 430,748 Weighted average unvested RSUs 7,783,549 7,882,039 N/A Weighted average unexercised options — — 152,084 Weighted average AOG Units outstanding (1) 166,601,194 175,303,111 195,124,877 Weighted average unvested restricted shares 927,991 1,129,452 959,069 (1) Excludes AOG Units owned by Athene. Athene could only redeem their AOG Units by selling to Apollo or to a different buyer with Apollo’s agreement as detailed in the Liquidity Agreement (see note 15). As these AOG Units were not convertible into shares of Class A Common Stock, they were excluded when calculating diluted net income per share.

EQUITY-BASED COMPENSATION (Tabl

EQUITY-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Share-Based Compensation Arrangement By Share-Based Payment Award, Weighted Average Discounts Table Text Block	The following table summarizes the weighted average discounts for Plan Grants, Bonus Grants and Performance Grants. For the Years Ended December 31, 2021 2020 2019 Plan Grants: Discount for the lack of distributions until vested (1) — % 0.1 % 18.7 % Marketability discount for transfer restrictions (2) 12.7 % 9.4 % 4.9 % Bonus Grants: Marketability discount for transfer restrictions (2) 3.5 % 3.0 % 4.1 % Performance Grants: Discount for the lack of distributions until vested (1) 7.3 % 8.7 % 14.0 % Marketability discount for transfer restrictions (2) 5.6 % 9.2 % 5.9 % (1) Based on the present value of a growing annuity calculation.
Schedule or Description of Forfeiture Rates and Equity Based Compensation Expense	The following table summarizes the equity-based compensation expense recognized relating to Performance Grants: For the Years Ended December 31, 2021 2020 2019 Equity-based compensation $ 103,694 $ 96,750 $ 71,438 The following table presents the actual forfeiture rates and equity-based compensation expense recognized: For the Years Ended December 31, 2021 2020 2019 Actual forfeiture rate 0.7 % 6.9 % 2.1 % Equity-based compensation 1,130,797 173,199 146,096 The following table presents the actual forfeiture rates and equity-based compensation expense recognized: For the Years Ended December 31, 2021 2020 2019 Actual forfeiture rate — % 3.6 % 0.8 % Equity-based compensation $ 30,240 $ 25,846 $ 17,095 The following table summarizes the management fees, equity-based compensation expense, and actual forfeiture rates for the ARI Awards: For the Years Ended December 31, 2021 2020 2019 Management fees $ 14,726 $ 10,134 $ 16,697 Equity-based compensation $ 14,726 $ 10,134 $ 16,697 Actual forfeiture rate 1.2 % 1.0 % 1.2 %
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	The following table summarizes RSU activity: Unvested Weighted Average Grant Date Fair Value Vested Total Number of RSUs Outstanding Balance at January 1, 2021 8,978,393 $ 31.89 1,833,332 10,811,725 (1) Granted 11,406,160 60.82 14,822,465 26,228,625 Forfeited (224,195) 44.03 (12,134) (236,329) Vested (4,731,942) 36.57 4,731,942 — Issued — — (5,399,054) (5,399,054) Balance at December 31, 2021 15,428,416 (2) $ 51.67 15,976,551 31,404,967 (1) (1) Amount excludes RSUs which have vested and have been issued in the form of Class A Common Stock. (2) Includes 6,534,295 Performance Grant RSUs, 1,971,086 Bonus Grant RSUs and 6,923,035 Plan Grant RSUs. The following table summarizes the restricted share award activity: Unvested Weighted Average Grant Date Fair Value Vested Total Number of Restricted Share Awards Outstanding Balance at January 1, 2021 759,252 $ 41.52 — 759,252 Granted 1,188,207 68.34 1,037,738 2,225,945 Forfeited — — — — Vested (477,458) 39.89 477,458 — Issued — 60.62 (477,458) (477,458) Balance at December 31, 2021 1,470,001 $ 63.73 1,037,738 2,507,739 The following table summarizes activity for the ARI Awards that were granted to certain of the Company’s employees: ARI Awards Unvested Weighted Average Grant Date Fair Value ARI Awards Vested Total Number of ARI Awards Outstanding Balance at January 1, 2021 2,529,025 $ 13.81 952,751 3,481,776 Granted 1,323,487 13.20 — 1,323,487 Forfeited (44,891) 13.69 — (44,891) Delivered — 11.03 (1,023,308) (1,023,308) Vested (1,206,452) 14.97 1,206,452 — Balance at December 31, 2021 2,601,169 (1) $ 12.98 1,135,895 3,737,064 (1) ARI Awards are expected to vest The following table summarizes activity for the AINV Awards that were granted to certain of the Company’s employees: AINV Unvested RSUs Weighted Average Grant Date Fair Value AINV RSUs Total Number of AINV Awards Outstanding Balance at January 1, 2021 298,601 11.32 134,189 432,790 Granted 145,190 12.71 — 145,190 Forfeited — — — — Delivered — 13.83 (206,784) (206,784) Vested (209,679) 11.98 209,679 — Balance at December 31, 2021 234,112 (1) 11.60 137,084 371,196 (1) AINV Awards are expected to vest ov er the next 2.2 years.
Schedule of Share-based Compensation, Activity	Below is a reconciliation of the equity-based compensation allocated to AGM Inc.: For the Year Ended December 31, 2021 Total Amount Non-Controlling Interest % in Apollo Operating Group Allocated to Non-Controlling Interest in Apollo Operating Group (1) Allocated to Apollo Global Management, Inc. RSUs, share options and restricted share awards $ 1,160,235 — % $ — $ 1,160,235 Other equity-based compensation awards 20,428 42.6 8,704 11,724 Total equity-based compensation $ 1,180,663 8,704 1,171,959 Less other equity-based compensation awards (2) (8,704) (20,376) Capital increase related to equity-based compensation $ — $ 1,151,583 For the Year Ended December 31, 2020 Total Amount Non-Controlling Interest % in Apollo Operating Group Allocated to Non-Controlling Interest in Apollo Operating Group (1) Allocated to Apollo Global Management, Inc. RSUs, share options and restricted share awards $ 197,072 — % $ — $ 197,072 Other equity-based compensation awards 16,068 47.1 7,575 8,493 Total equity-based compensation $ 213,140 7,575 205,565 Less other equity-based compensation awards (2) (7,575) (31,733) Capital increase related to equity-based compensation $ — $ 173,832 For the Year Ended December 31, 2019 Total Amount Non-Controlling Interest % in Apollo Operating Group Allocated to Non-Controlling Interest in Apollo Operating Group (1) Allocated to Apollo Global Management, Inc. RSUs, share options and restricted share awards $ 161,995 — % $ — $ 161,995 Other equity-based compensation awards 27,653 44.7 12,355 15,298 Total equity-based compensation $ 189,648 12,355 177,293 Less other equity-based compensation awards (2) (12,355) (30,575) Capital increase related to equity-based compensation $ — $ 146,718 (1) Calculated based on average ownership percentage for the period considering issuances of Class A shares or Class A Common Stock, as applicable, during the period. (2) Includes equity-based compensation reimbursable by certain funds.

EQUITY (Tables)

EQUITY (Tables)	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Summary of Issuance of Shares of Class A Common Stock for Equity-based Awards	The table below summarizes the issuance of shares of Class A Common Stock for equity-based awards: For the Years Ended December 31, 2021 2020 2019 Shares of Class A Common Stock issued in settlement of vested RSUs and share options exercised (1) 5,399,054 4,897,743 4,640,072 Reduction of shares of Class A Common Stock issued (2) (2,368,832) (2,082,934) (1,854,313) Shares of Class A Common Stock purchased related to share issuances and forfeitures (3) (275,655) 581,828 14,051 Issuance of shares of Class A Common Stock for equity-based awards 2,754,567 3,396,637 2,799,810 (1) The gross value of shares issued was $316.0 million, $226.6 million and $148.2 million for the years ended December 31, 2021, 2020 and 2019, respectively, based on the closing price of a Class A Common Stock at the time of issuance. (2) Cash paid for tax liabilities associated with net share settlement w as $140.6 million, $96.6 million and $56.6 million for t he years ended December 31, 2021, 2020 and 2019, respectively. (3) Certain Apollo employees receive a portion of the profit sharing proceeds of certain funds in the form of (a) restricted Class A Common Stock of AGM Inc. that they are required to purchase with such proceeds or (b) RSUs, in each case which equity-based awards generally vest over three years. These equity-based awards are granted under the Company's 2007 Equity Plan. To prevent dilution on account of these awards, Apollo may, in its discretion, repurchase Class A Common Stock on the open market and retire them. During the years ended December 31, 2021, 2020 and 2019, we issued 1,188,207, 636,425 and 289,714 of such restricted shares and 275,655 , 168,591 and 102,089 of such RSUs under the 2007 Equity Plan, respectively, and r epurchased 1,463,862, 19,549 and 265,113 Class A Common Stock in open-market transactions not pursuant to a publicly-announced repurchase plan or program, respectively. In addition, there w ere 0, 54,597 and 10,550 restricted shares forfeited during the years ended December 31, 2021, 2020 and 2019 , respectively.
Schedule of Dividends and Distributions	The table below presents information regarding the quarterly dividends and distributions which were made at the sole discretion of the Former Manager of the Company prior to the Conversion and at the sole discretion of the executive committee of the board of directors subsequent to the Conversion (in millions, except per share data). Subsequent to the Conversion, distributions from AGM Inc. are referred to as dividends. Dividend Declaration Date Dividend per share of Class A Common Stock Payment Date Dividend to Class A Common Stockholders Distribution to Non-Controlling Interest Holders in the Apollo Operating Group Total Distributions from Apollo Operating Group Distribution Equivalents on Participating Securities January 31, 2019 $ 0.56 February 28, 2019 $ 113.3 $ 113.3 $ 226.6 $ 5.0 N/A — April 12, 2019 — 45.4 (1) (2) 45.4 — May 2, 2019 0.46 May 31, 2019 92.2 93.0 185.2 4.1 July 31, 2019 0.50 August 30, 2019 100.4 101.0 201.4 4.4 N/A — August 15, 2019 — 4.1 (2) 4.1 — N/A — September 26, 2019 — 17.8 (2) 17.8 — October 31, 2019 0.50 November 29,2019 111.5 90.1 201.6 4.4 For the Year Ended December 31, 2019 $ 2.02 $ 417.4 $ 464.7 $ 882.1 $ 17.9 January 30, 2020 $ 0.89 February 28, 2020 $ 205.6 $ 155.6 $ 361.2 $ 7.2 N/A — April 15, 2020 — 43.0 (1) 43.0 — May 1, 2020 0.42 May 29, 2020 96.2 85.7 181.9 3.6 July 30, 2020 0.49 August 31, 2020 112.1 100.0 212.1 4.0 October 29, 2020 0.51 November 30, 2020 116.7 104.0 220.7 4.1 For the Year Ended December 31, 2020 $ 2.31 $ 530.6 $ 488.3 $ 1,018.9 $ 18.9 February 3, 2021 $ 0.60 February 26, 2021 $ 139.2 $ 121.4 $ 260.6 $ 5.1 N/A — April 14, 2021 — 41.8 (1) (2) 41.8 — May 4, 2021 0.50 May 28, 2021 115.5 100.9 216.4 4.0 N/A — June 15, 2021 — 19.5 (2) 19.5 — August 4, 2021 0.50 August 31, 2021 122.0 94.4 216.4 3.9 N/A — September 15, 2021 — 24.1 (2) 24.1 — November 2, 2021 0.50 November 30, 2021 123.6 93.1 216.7 3.9 N/A — December 15, 2021 — 23.2 (2) 23.2 — For the Year Ended December 31, 2021 $ 2.10 $ 500.3 $ 518.4 $ 1,018.7 $ 16.9 (1) On April 12, 2019, April 15, 2020 and April 14, 2021 the Company made $0.18, $0.21 and $0.15 per AOG Unit pro rata distribution, respectively, to the Non-Controlling Interest holders in the Apollo Operating Group, in connection with taxes and payments made under the tax receivable agreement. See note 15 for more information regarding the tax receivable agreement. (2) On April 12, 2019, August 15, 2019 and September 26, 2019, the Company made a $0.04, $0.02 and $0.10 per AOG Unit pro rata distribution, respectively, to the Non-Controlling Interest holders in the Apollo Operating Group, in connection with U.S. corporate tax payments. On April 14, 2021, June 15, 2021, September 15, 2021, and December 15, 2021, the Company made a $0.03, $0.08, $0.10, and $0.13 per AOG Unit pro rata distribution, respectively, to the Non-Controlling Interest holders in the Apollo Operating Group, in connection with U.S. corporate tax payments.
Net Income (Loss) Attributable to Non-Controlling Interests	The table below presents equity interests in Apollo’s consolidated, but not wholly-owned, subsidiaries and funds. Net income and comprehensive income attributable to Non-Controlling Interests consisted of the following: For the Years Ended December 31, 2021 2020 2019 Net income attributable to Non-Controlling Interests in consolidated entities: Interest in management companies and a co-investment vehicle (1) $ 6,138 $ 3,386 $ 4,755 Other consolidated entities 411,554 114,992 25,749 Net income attributable to Non-Controlling Interests in consolidated entities $ 417,692 $ 118,378 $ 30,504 Net income attributable to Non-Controlling Interests in the Apollo Operating Group: Net income $ 4,267,895 $ 466,802 $ 1,536,843 Net income attributable to Non-Controlling Interests in consolidated entities (417,692) (118,378) (30,504) Net income after Non-Controlling Interests in consolidated entities 3,850,203 348,424 1,506,339 Adjustments: Income tax provision (benefit) (2) 594,379 86,966 (128,994) NYC UBT and foreign tax benefit (3) (32,516) (26,549) (15,890) Net income (loss) in non-Apollo Operating Group entities (5,385) (13,571) 51,030 Series A Preferred Stock Dividends (17,531) (17,531) (17,531) Series B Preferred Stock Dividends (19,125) (19,125) (19,125) Total adjustments 519,822 10,190 (130,510) Net income after adjustments 4,370,025 358,614 1,375,829 Weighted average ownership percentage of Apollo Operating Group 45.1 % 47.1 % 48.4 % Net income attributable to Non-Controlling Interests in Apollo Operating Group $ 2,011,712 $ 191,810 $ 663,146 Net income attributable to Non-Controlling Interests $ 2,429,404 $ 310,188 $ 693,650 Other comprehensive income (loss) attributable to Non-Controlling Interests (28,730) 38,113 (7,496) Comprehensive Income Attributable to Non-Controlling Interests $ 2,400,674 $ 348,301 $ 686,154 (1) Reflects the remaining interest held by certain individuals who receive an allocation of income from certain of the credit funds managed by Apollo. (2) Reflects all taxes recorded in our consolidated statements of operations. Of this amount, U.S. federal, state, and local corporate income taxes attributable to AGM Inc. and its subsidiaries are added back to income of the Apollo Operating Group before calculating Non-Controlling Interests as the income allocable to the Apollo Operating Group is not subject to such taxes. (3) Reflects New York City Unincorporated Business Tax (“NYC UBT”) and foreign taxes that are attributable to the Apollo Operating Group and its subsidiaries related to its operations in the U.S. as partnerships and in non-U.S. jurisdictions as corporations. As such, these amounts are considered in the income attributable to the Apollo Operating Group.
Activities Associated with Non-controlling Interests	The table below presents the activities associated with the redeemable non-controlling interests. For the Years Ended December 31, 2021 2020 Balance at beginning of period $ 782,702 $ — Net issuances of redeemable non-controlling interests 950,103 735,486 Accretion of redeemable non-controlling interests 37,229 47,216 Balance at end of period $ 1,770,034 $ 782,702

RELATED PARTY TRANSACTIONS AN_2

RELATED PARTY TRANSACTIONS AND INTERESTS IN CONSOLIDATED ENTITIES (Tables)	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	Due from related parties and due to related parties are comprised of the following: As of As of Due from Related Parties: Due from credit funds (1) $ 248,886 $ 183,992 Due from private equity funds 20,157 21,169 Due from real assets funds 46,832 28,231 Due from portfolio companies 66,960 80,122 Due from Contributing Partners, employees and former employees 106,755 148,869 Total Due from Related Parties $ 489,590 $ 462,383 Due to Related Parties: Due to Former Managing Partners and Contributing Partners (2) $ 1,118,272 $ 310,230 Due to credit funds 22,042 34,280 Due to private equity funds 54,436 216,899 Due to real assets funds 27,652 47,060 Total Due to Related Parties $ 1,222,402 $ 608,469 (1) Due from credit funds includes $47.8 million related to a receivable from a credit fund in connection with the Company’s sale of a platform investment to such fund during the year ended December 31, 2021. The amount is payable to the Company over five years and is held at fair value. (2) Due to Former Managing Partners and Contributing Partners includes $569.6 million related to the purchase of limited partnership interests, payable over 13 equal quarterly installments beginning on January 1, 2022.
Schedule of General Partner Obligation	The following table presents the general partner obligation to return previously distributed performance allocations related to certain funds by segment: As of As of Credit $ — $ — Private Equity 53,722 215,011 Real Assets 27,454 46,860 Total general partner obligation $ 81,176 $ 261,871
Sub-Allocation Fees Schedule	The amended fee agreement provides for a monthly fee to be payable by Athene to the Company in arrears, with retroactive effect to the month beginning on January 1, 2019, in an amount equal to the following, to the extent not otherwise payable to the Company pursuant to any one or more investment management or sub-advisory agreements or arrangements: (i) The Company, through its consolidated subsidiary Apollo Insurance Solutions Group LP, or ISG, earns a base management fee of 0.225% per year on the aggregate market value of substantially all of the assets in substantially all of the investment accounts of or relating to Athene (collectively, the “Athene Accounts”) up to $103.4 billion (the level of assets in the Athene Accounts as of January 1, 2019, excluding certain assets, the “Backbook Value”) and 0.150% per year on all assets in excess of $103.4 billion (the “Incremental Value”), respectively; plus (ii) with respect to each asset in an Athene Account, subject to certain exceptions, that is managed by the Company and that belongs to a specified asset class tier (“core,” “core plus,” “yield,” and “high alpha”), a sub-allocation fee as follows, which will, in the case of assets acquired after January 1, 2019, be subject to a cap of 10% of the applicable asset’s gross book yield: As of Sub-Allocation Fees: Core Assets (1) 0.065 % Core Plus Assets (2) 0.130 % Yield Assets (3) 0.375 % High Alpha Assets (4) 0.700 % Other Assets (5) — % (1) Core assets include public investment grade corporate bonds, municipal securities, agency residential or commercial mortgage backed securities and obligations of any governmental agency or government sponsored entity that is not expressly backed by the U.S. government. (2) Core plus assets include private investment grade corporate bonds, fixed rate first lien commercial mortgage loans and obligations issued or assumed by a financial institution (such an institution, a “financial issuer”) and determined by Apollo to be “Tier 2 Capital” under the Basel III recommendations developed by the Basel Committee on Banking Supervision (or any successor to such recommendations). (3) Yield assets include non-agency residential mortgage-backed securities, investment grade collateralized loan obligations, certain asset-backed securities, commercial mortgage-backed securities, emerging market investments, below investment grade corporate bonds, subordinated debt obligations, hybrid securities or surplus notes issued or assumed by a financial issuer, as rated preferred equity, residential mortgage loans, bank loans, investment grade infrastructure debt and certain floating rate commercial mortgage loans. (4) High alpha assets include subordinated commercial mortgage loans, below investment grade collateralized loan obligations, unrated preferred equity, debt obligations originated by MidCap, below investment grade infrastructure debt, certain loans originated directly by Apollo and agency mortgage derivatives. (5) Other Assets include cash, treasuries, equities and alternatives. With respect to equities and alternatives, Apollo earns performance revenues of 0% to 20%.
Interest Income and Interest Expense	The following table presents the interest expense incurred related to the Company’s debt: For the Years Ended December 31, 2021 2020 2019 Interest Expense: (1) 2018 AMH Credit Facility $ — $ 1,215 $ 1,277 AMH Credit Facility 1,301 73 — 2024 Senior Notes 20,652 20,652 20,652 2026 Senior Notes 22,513 22,513 22,513 2029 Senior Notes 32,916 32,916 27,743 2030 Senior Notes 13,845 7,888 — 2039 Senior Secured Guaranteed Notes 16,445 16,445 9,182 2048 Senior Notes 15,124 15,124 15,124 2050 Subordinated Notes 14,968 14,970 586 AMI Term Facilities/ Secured Borrowings 1,326 1,443 1,292 Total Interest Expense $ 139,090 $ 133,239 $ 98,369 (1) Debt issuance costs incurred are amortized into interest expense over the term of the debt arrangement, as applicable. The table below presents the contractual maturities for the Company's debt arrangements as of December 31, 2021: 2022 2023 2024 2025 2026 Thereafter Total 2024 Senior Notes $ — $ — $ 500,000 $ — $ — $ — $ 500,000 2026 Senior Notes — — — — 500,000 — 500,000 2029 Senior Notes — — — — — 675,000 675,000 2030 Senior Notes — — — — — 500,000 500,000 2039 Senior Secured Guaranteed Notes — — — — — 325,000 325,000 2048 Senior Notes — — — — — 300,000 300,000 2050 Subordinated Notes — — — — — 300,000 300,000 Secured Borrowing II — — — — — 19,334 19,334 2016 AMI Term Facility I — — — 19,186 — — 19,186 2016 AMI Term Facility II — 18,546 — — — — 18,546 Total Obligations as of December 31, 2021 $ — $ 18,546 $ 500,000 $ 19,186 $ 500,000 $ 2,119,334 $ 3,157,066 The following table presents the revenues earned in aggregate from Athene and Athora: For the Years Ended December 31, 2021 2020 2019 Revenues earned in aggregate from Athene, Athora, net (1)(2) $ 3,684,602 $ 332,474 $ 788,066 (1) Consisting of management fees, sub-advisory fees, performance revenues from Athene, Athora and AAA Investments, as applicable (net of related profit sharing expense) and changes in the market value of the Athene Holding shares owned directly by Apollo. These amounts exclude the deferred revenue recognized as management fees associated with the vesting of AHL Awards granted to employees of Apollo. (2) Gains (losses) on the market value of the shares of Athene Holding owned directly by Apollo were $2.6 billion, $(456.3) million and $137.2 million for the years ended December 31, 2021, 2020 and 2019, respectively.
Schedule of Financial Information of SPACs	The tables below present the financial information of these SPACs in aggregate: As of As of Assets: Cash and cash equivalents $ 1,796 $ 259 Restricted cash and cash equivalents 690,205 — U.S. Treasury securities, at fair value 1,162,299 816,985 Due from related parties (9,346) (3) Other assets 2,627 1,118 Total Assets $ 1,847,581 $ 818,359 Liabilities, Redeemable non-controlling interests and Stockholders’ Equity Liabilities: Accounts payable and accrued expenses $ 2,361 $ 198 Due to related parties 10,800 1,871 Other liabilities 143,778 28,588 Total Liabilities 156,939 30,657 Redeemable non-controlling interests: Redeemable non-controlling interests 1,762,282 782,702 Stockholders’ Equity: Additional paid in capital (98,369) (12,928) Retained earnings 26,729 17,928 Total Stockholders’ Equity (71,640) 5,000 Total Liabilities, Redeemable non-controlling interests and Stockholders’ Equity $ 1,847,581 $ 818,359 For the Years Ended December 31, 2021 2020 Expenses: Interest expense $ 8 $ — General, administrative and other 19,015 583 Total Expenses 19,023 583 Other Income (Loss): Net gains (losses) from investment activities 3,446 35 Interest income 545 140 Other income (loss), net (520) — Total Other Income (Loss) 3,471 175 Net Income Attributable to Apollo Global Management, Inc. $ (15,552) $ (408)

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Summary of Fixed and Determinable Payments	As of December 31, 2021, fixed and determinable payments due in connection with these obligations were as follows: 2022 2023 2024 2025 2026 Thereafter Total Other long-term obligations $ 29,457 $ 1,152 $ 787 $ 682 $ 682 $ 682 $ 33,442

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Schedule of Financial Data for Reportable Segments	The following tables present financial data for Apollo’s reportable segments. As of and for the Year Ended December 31, 2021 Credit Private Equity Real Assets Total Reportable Management fees $ 1,128,994 $ 484,885 $ 264,331 $ 1,878,210 Advisory and transaction fees, net 151,665 126,567 19,876 298,108 Performance fees (1) 56,865 — — 56,865 Fee Related Revenues 1,337,524 611,452 284,207 2,233,183 Salary, bonus and benefits (301,692) (255,291) (129,370) (686,353) General, administrative and other (169,750) (114,054) (57,991) (341,795) Placement fees (4,115) (188) (40) (4,343) Fee Related Expenses (475,557) (369,533) (187,401) (1,032,491) Other income (loss), net of Non-Controlling Interest (4,753) 1,852 621 (2,280) Fee Related Earnings 857,214 243,771 97,427 1,198,412 Realized performance fees 262,677 1,259,754 66,643 1,589,074 Realized profit sharing expense (141,898) (641,066) (34,053) (817,017) Net Realized Performance Fees 120,779 618,688 32,590 772,057 Realized principal investment income, net (2) 255,408 147,943 5,800 409,151 Net interest loss and other (56,088) (51,103) (31,006) (138,197) Segment Distributable Earnings (3) $ 1,177,313 $ 959,299 $ 104,811 $ 2,241,423 Total Assets (3) $ 7,633,167 $ 5,067,882 $ 872,351 $ 13,573,400 (1) Represents certain performance fees related to business development companies, Redding Ridge Holdings and MidCap. (2) Realized principal investment income, net includes dividends from our permanent capital vehicles, net of such amounts used to compensate employees. (3) Refer below for a reconciliation of total revenues, total expenses, other loss and total assets for Apollo’s total reportable segments to total consolidated revenues, total consolidated expenses, total consolidated other income (loss) and total assets. As of and for the Year Ended December 31, 2020 Credit Private Equity Real Assets Total Reportable Management fees $ 934,852 $ 506,506 $ 206,606 $ 1,647,964 Advisory and transaction fees, net 117,534 124,697 9,289 251,520 Performance fees (1) 9,836 — — 9,836 Fee Related Revenues 1,062,222 631,203 215,895 1,909,320 Salary, bonus and benefits (246,496) (204,211) (110,280) (560,987) General, administrative and other (156,112) (96,385) (51,386) (303,883) Placement fees (1,519) (295) — (1,814) Fee Related Expenses (404,127) (300,891) (161,666) (866,684) Other income (loss), net of Non-Controlling Interest (2,279) (75) 245 (2,109) Fee Related Earnings 655,816 330,237 54,474 1,040,527 Realized performance fees 188,441 29,687 62,795 280,923 Realized profit sharing expense (128,842) (19,665) (41,800) (190,307) Net Realized Performance Fees 59,599 10,022 20,995 90,616 Realized principal investment income, net (2) 8,375 8,741 5,735 22,851 Net interest loss and other (56,200) (55,196) (23,118) (134,514) Segment Distributable Earnings (3) $ 667,590 $ 293,804 $ 58,086 $ 1,019,480 Total Assets (3) $ 4,711,110 $ 3,244,513 $ 725,844 $ 8,681,467 (1) Represents certain performance fees related to business development companies, Redding Ridge Holdings and Midcap. (2) Realized principal investment income, net includes dividends from our permanent capital vehicles, net of such amounts used to compensate employees. (3) Refer below for a reconciliation of total revenues, total expenses and other income (loss) for Apollo’s total reportable segments to total consolidated revenues, total consolidated expenses and total consolidated other income (loss) and total assets. For the Year Ended December 31, 2019 Credit Private Equity Real Assets Total Reportable Management fees $ 779,266 $ 523,194 $ 188,610 $ 1,491,070 Advisory and transaction fees, net 44,116 71,324 7,450 122,890 Performance fees (1) 21,110 — — 21,110 Fee Related Revenues 844,492 594,518 196,060 1,635,070 Salary, bonus and benefits (196,143) (184,403) (82,770) (463,316) General, administrative and other (131,664) (99,098) (42,242) (273,004) Placement fees (272) (812) (1) (1,085) Fee Related Expenses (328,079) (284,313) (125,013) (737,405) Other income, net of Non-Controlling Interest 54 4,306 177 4,537 Fee Related Earnings 516,467 314,511 71,224 902,202 Realized performance fees 169,611 429,152 3,343 602,106 Realized profit sharing expense (93,675) (195,140) (1,437) (290,252) Net Realized Performance Fees 75,936 234,012 1,906 311,854 Realized principal investment income, net (2) 8,764 53,782 3,151 65,697 Net interest loss and other (21,997) (31,804) (11,525) (65,326) Segment Distributable Earnings (3) $ 579,170 $ 570,501 $ 64,756 $ 1,214,427 (1) Represents certain performance fees related to business development companies and Redding Ridge Holdings (2) Realized principal investment income, net includes dividends from our permanent capital vehicles, net of such amounts used to compensate employees. (3) Refer below for a reconciliation of total revenues, total expenses and other income (loss) for Apollo’s total reportable segments to total consolidated revenues, total consolidated expenses and total consolidated other income (loss) and total assets.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	The following table reconciles total consolidated revenues to total revenues for Apollo’s reportable segments: For the Years Ended December 31, 2021 2020 2019 Total Consolidated Revenues $ 5,951,598 $ 2,354,019 $ 2,931,849 Equity awards granted by unconsolidated related parties, reimbursable expenses and other (1) (137,992) (118,240) (102,672) Adjustments related to consolidated funds and VIEs (1) 146,380 78,296 12,854 Performance fees (2) (3,054,712) (315,719) (1,036,688) Principal investment income (672,091) (89,036) (170,273) Total Fee Related Revenues 2,233,183 1,909,320 1,635,070 Realized performance fees 1,589,074 280,923 602,106 Realized principal investment income, net and other 409,151 19,482 62,328 Total Segment Revenues $ 4,231,408 $ 2,209,725 $ 2,299,504 (1) Represents advisory fees, management fees and performance fees earned from consolidated VIEs which are eliminated in consolidation. Includes non-cash revenues related to equity awards granted by unconsolidated related parties to employees of the Company and certain compensation and administrative related expense reimbursements. (2) Excludes certain performance fees from business development companies, Redding Ridge Holdings and MidCap. The following table reconciles total consolidated expenses to total expenses for Apollo’s reportable segments: For the Years Ended December 31, 2021 2020 2019 Total Consolidated Expenses $ 4,114,230 $ 1,577,964 $ 1,691,280 Equity awards granted by unconsolidated related parties, reimbursable expenses and other (1) (159,332) (110,669) (103,292) Reclassification of interest expenses (139,090) (133,239) (98,369) Transaction-related charges, net (1) (34,591) (39,186) (49,213) Merger-related transaction and integration costs (2) (66,848) — — Charges associated with corporate conversion (3) — (3,893) (21,987) Equity-based compensation (79,777) (67,852) (70,962) One-time equity-based compensation and other charges (4) (949,152) — — Total profit sharing expense (5) (1,626,557) (352,741) (594,052) Dividend-related compensation expense (26,392) (3,700) (16,000) Total Fee Related Expenses 1,032,491 866,684 737,405 Realized profit sharing expense 817,017 190,307 290,252 Total Segment Expenses $ 1,849,508 $ 1,056,991 $ 1,027,657 (1) Represents the addition of expenses of consolidated funds and VIEs, transaction-related charges, non-cash expenses related to equity awards granted by unconsolidated related parties to employees of the Company and certain compensation and administrative expenses. Transaction-related charges include equity-based compensation charges, the amortization of intangible assets, contingent consideration and certain other charges associated with acquisitions, and restructuring charges. (2) Merger-related transaction and integration costs includes advisory services, technology integration and other costs associated with the Company’s merger with Athene. (3) Represents expenses incurred in relation to the Conversion, as described in note 1. (4) Includes one-time equity-based compensation expense and associated taxes related to the previously announced reset of the Company’s compensation structure. (5) Includes unrealized profit sharing expense, realized profit sharing expense and equity-based profit sharing expense and other. The following table reconciles total consolidated other income (loss) to total other loss for Apollo’s reportable segments: For the Years Ended December 31, 2021 2020 2019 Total Consolidated Other Income (Loss) $ 3,024,906 $ (222,287) $ 167,280 Adjustments related to consolidated funds and VIEs (1) (555,410) (193,868) (38,607) (Gain) loss from change in tax receivable agreement liability (9,609) (12,426) 50,307 Net (gains) losses from investment activities (2,610,232) 452,973 (138,117) Interest income and other, net of Non-Controlling Interest 148,065 (26,501) (36,326) Other Income (Loss), net of Non-Controlling Interest (2,280) (2,109) 4,537 Net interest loss and other (138,197) (131,145) (61,957) Total Segment Other Loss $ (140,477) $ (133,254) $ (57,420) (1) Represents the addition of other income of consolidated funds and VIEs. The following table presents the reconciliation of income before income tax provision reported in the consolidated statements of operations to Segment Distributable Earnings: For the Years Ended December 31, 2021 2020 2019 Income before income tax provision $ 4,862,274 $ 553,768 $ 1,407,849 Transaction-related charges (1) 34,591 39,186 49,213 Merger-related transaction and integration costs (2) 66,848 — — Charges associated with corporate conversion (3) — 3,893 21,987 (Gain) loss from change in tax receivable agreement liability (9,609) (12,426) 50,307 Net income attributable to Non-Controlling Interests in consolidated entities (417,692) (118,378) (30,504) Unrealized performance fees (1,464,502) (34,796) (434,582) Unrealized profit sharing expense 648,882 33,350 207,592 Equity-based profit sharing expense and other (4) 145,754 129,084 96,208 Equity-based compensation 79,777 67,852 70,962 One-time equity-based compensation and other charges (5) 949,152 — — Unrealized principal investment income (221,645) (62,485) (88,576) Unrealized net (gains) losses from investment activities and other (2,432,407) 420,432 (136,029) Segment Distributable Earnings $ 2,241,423 $ 1,019,480 $ 1,214,427 (1) Transaction-related charges include equity-based compensation charges, the amortization of intangible assets, contingent consideration and certain other charges associated with acquisitions. (2) Merger-related transaction and integration costs includes advisory services, technology integration and other costs associated with the Company’s merger with Athene. (3) Represents expenses incurred in relation to the Conversion, as described in note 1. (4) Equity-based profit sharing expense and other includes certain profit sharing arrangements in which a portion of performance fees distributed to the general partner are allocated by issuance of equity-based awards, rather than cash, to employees of Apollo. Equity-based profit sharing expense and other also includes non-cash expenses related to equity awards granted by unconsolidated related parties to employees of Apollo. (5) Includes one-time equity-based compensation expense and associated taxes related to the previously announced reset of the Company’s compensation structure.
Reconciliation of Assets from Segment to Consolidated	The following table presents the reconciliation of Apollo’s total reportable segment assets to total assets: As of As of Total reportable segment assets $ 13,573,400 $ 8,681,467 Adjustments (1) 16,928,494 14,987,617 Total assets $ 30,501,894 $ 23,669,084 (1) Represents the addition of assets of consolidated funds and VIEs and consolidation elimination adjustments.

Subsequent Events (Tables)

Subsequent Events (Tables)	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
Schedule of Purchase Price for the Merger Transaction	The total purchase price for the transaction is as follows: (in millions, except share price and exchange ratio) AHL Shares purchased (1) 138 Exchange ratio 1.149 AGM Shares issued in exchange 158 AGM Class A share closing price on December 31, 2021 $ 72.43 Total preliminary purchase price $ 11,455 Fair value of estimated RSUs, options, and warrants assumed, and other equity considerations 710 Total purchase price $ 12,165

ORGANIZATION (Details)

ORGANIZATION (Details)	Mar. 09, 2021vote	Feb. 28, 2020shares	Dec. 31, 2021segmentholdingCompany	Dec. 31, 2020
Entity Information [Line Items]
Number of segments | segment			3
Number of holding company | holdingCompany			5
Number of votes | vote	1
Athene Holding
Entity Information [Line Items]
Equity interests issued (in shares) | shares		29,154,519
Intermediate Holding Companies
Entity Information [Line Items]
Economic interest percentage			57.40%
Holdings
Entity Information [Line Items]
Economic interest percentage			35.90%
Apollo Operating Group | Athene Holding
Entity Information [Line Items]
Ownership percentage by noncontrolling owners			6.70%
Athene Holding | Athene Holding
Entity Information [Line Items]
Incremental interest purchased		17.00%
Ownership percentage		28.00%	28.40%	28.50%

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Cash and Cash Equivalents and Restricted Cash and Cash Equivalents (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Initial Business Combination Or Redemption Of Public Shares, ASPG II Trust Agreement
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Restricted cash	$ 690.1
Level I | U.S. Treasury securities, at fair value
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Money market funds and U.S. treasury securities	$ 509.5	$ 1,200

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - U.S. Treasury securities, at fair value (Details) $ in Millions	Dec. 31, 2021USD ($)
Initial Business Combination Or Redemption Of Public Shares, Acropolis Trust Agreement
Debt and Equity Securities, FV-NI [Line Items]
Restricted cash	$ 344.9
U.S. Treasury securities, at fair value
Debt and Equity Securities, FV-NI [Line Items]
Restricted securities	$ 817.4

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Deferred Revenue (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)
Accounting Policies [Abstract]
Deferred revenue recognized	$ 24

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - 401(k) Savings Plan (Details)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Percent of eligible employee contributions	50.00%
Percent of the eligible employees’ compensation	3.00%
Service period	3 years

GOODWILL (Details)

GOODWILL (Details) - USD ($) $ in Thousands	Jun. 26, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Goodwill [Line Items]
Goodwill		$ 116,958	$ 116,958
Acquisition of goodwill		0	663	$ 5,059
Credit
Goodwill [Line Items]
Goodwill		92,200	92,200
Private Equity
Goodwill [Line Items]
Goodwill		23,800	23,800
Real Assets
Goodwill [Line Items]
Goodwill		1,000	$ 1,000
PK AirFinance Platform
Goodwill [Line Items]
Goodwill		$ 27,400
Acquisition of goodwill	$ 22,400

INVESTMENTS - Apollo's Investme

INVESTMENTS - Apollo's Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Investments, at fair value	$ 5,588,992	$ 2,360,434
Equity method investments	1,345,750	1,010,821
Performance allocations	2,731,733	1,624,156	$ 1,507,571
Total Investments	$ 9,666,475	$ 4,995,411

INVESTMENTS - Summarized Financ

INVESTMENTS - Summarized Financial Information of Athene Holding (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Investments	$ 9,666,475	$ 4,995,411
Assets	30,501,894	23,669,084
Liabilities	18,537,494	17,373,119
Equity	10,194,366	5,513,263	$ 3,038,127	$ 2,451,840
Benefits and expenses	4,114,230	1,577,964	1,691,280
Income before income tax provision	4,862,274	553,768	1,407,849
Income tax expense	594,379	86,966	(128,994)
Net Income	4,267,895	466,802	1,536,843
Net income (loss) attributable to non-controlling interests	(2,429,404)	(310,188)	(693,650)
Net Income Attributable to Apollo Global Management, Inc.	1,838,491	156,614	843,193
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Schedule of Equity Method Investments [Line Items]
Investments	167,822,116	161,133,394
Assets	179,261,843	169,736,665
Liabilities	103,549,788	103,811,463
Equity	75,712,055	65,925,202
Benefits and expenses	4,935,441	6,075,122	3,012,114
Net Income	16,195,309	3,584,644	6,519,985
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Investment in Athene Holding
Schedule of Equity Method Investments [Line Items]
Investments	177,567	154,843
Assets	235,149	202,771
Liabilities	212,968	182,631
Equity	22,181	20,140
Revenues	26,320	14,764	16,258
Benefits and expenses	22,134	12,558	13,956
Income before income tax provision	4,186	2,206	2,302
Income tax expense	386	285	117
Net Income	3,800	1,921	2,185
Net income (loss) attributable to non-controlling interests	(59)	380	13
Net Income Attributable to Apollo Global Management, Inc.	3,859	1,541	2,172
Less: Preferred stock dividends	141	95	36
Net Income Attributable to Apollo Global Management, Inc. Class A Common Stockholders	$ 3,718	$ 1,446	$ 2,136

INVESTMENTS - Summary of Net Ga

INVESTMENTS - Summary of Net Gains (Losses) from Investment Activities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Realized gains (losses) on sales of investments, net	$ (238)	$ 2,081	$ 45
Net change in unrealized gains (losses) due to changes in fair value	2,611,141	(457,568)	138,109
Net gains (losses) from investment activities	$ 2,610,903	$ (455,487)	$ 138,154

INVESTMENTS - Summary of Equity

INVESTMENTS - Summary of Equity Method Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 1,345,750	$ 1,010,821
Credit
Schedule of Equity Method Investments [Line Items]
Equity method investments	220,075	258,952
Credit | AINV
Schedule of Equity Method Investments [Line Items]
Equity method investments	40,200	40,400
Value of company's investment	35,300	30,800
Private Equity
Schedule of Equity Method Investments [Line Items]
Equity method investments	1,035,079	672,430
Private Equity | Fund VIII
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 248,800	$ 343,300
Ownership percentage	2.20%	2.20%
Private Equity | Fund IX
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 308,900	$ 134,400
Ownership percentage	1.90%	1.90%
Real Assets
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 90,596	$ 79,439

INVESTMENTS - Summarized Fina_2

INVESTMENTS - Summarized Financial Information of Equity Method Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statements of Financial Condition
Investments	$ 9,666,475	$ 4,995,411
Assets	30,501,894	23,669,084
Liabilities	18,537,494	17,373,119
Equity	10,194,366	5,513,263	$ 3,038,127	$ 2,451,840
Statements of Operations
Revenues	5,951,598	2,354,019	2,931,849
Operating Expenses	4,114,230	1,577,964	1,691,280
Total investment income	3,699,209	392,181	1,223,666
Net Income	4,267,895	466,802	1,536,843
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Statements of Financial Condition
Investments	167,822,116	161,133,394
Assets	179,261,843	169,736,665
Liabilities	103,549,788	103,811,463
Equity	75,712,055	65,925,202
Statements of Operations
Revenues	5,248,925	7,283,270	3,159,574
Operating Expenses	4,935,441	6,075,122	3,012,114
Total investment income	313,484	1,208,148	147,460
Net Realized and Unrealized Gain (Loss)	15,881,825	2,376,496	6,372,525
Net Income	16,195,309	3,584,644	6,519,985
Credit   | Equity Method Investment, Nonconsolidated Investee or Group of Investees
Statements of Financial Condition
Investments	111,671,571	113,854,036
Assets	120,649,119	120,508,401
Liabilities	95,616,159	97,361,638
Equity	25,032,960	23,146,763
Statements of Operations
Revenues	3,344,746	5,769,187	1,974,306
Operating Expenses	3,892,883	5,046,979	1,969,329
Total investment income	(548,137)	722,208	4,977
Net Realized and Unrealized Gain (Loss)	2,482,143	1,248,084	1,843,877
Net Income	1,934,006	1,970,292	1,848,854
Private Equity | Equity Method Investment, Nonconsolidated Investee or Group of Investees
Statements of Financial Condition
Investments	41,823,037	35,125,164
Assets	43,376,405	36,385,974
Liabilities	512,016	488,633
Equity	42,864,389	35,897,341
Statements of Operations
Revenues	1,012,919	709,447	675,305
Operating Expenses	622,551	652,520	680,331
Total investment income	390,368	56,927	(5,026)
Net Realized and Unrealized Gain (Loss)	12,896,577	1,640,109	3,672,268
Net Income	13,286,945	1,697,036	3,667,242
Real Assets | Equity Method Investment, Nonconsolidated Investee or Group of Investees
Statements of Financial Condition
Investments	14,327,508	12,154,194
Assets	15,236,319	12,842,290
Liabilities	7,421,613	5,961,192
Equity	7,814,706	6,881,098
Statements of Operations
Revenues	891,260	804,636	509,963
Operating Expenses	420,007	375,623	362,454
Total investment income	471,253	429,013	147,509
Net Realized and Unrealized Gain (Loss)	503,105	(511,697)	856,380
Net Income	$ 974,358	$ (82,684)	$ 1,003,889

INVESTMENTS - Summary of Perfor

INVESTMENTS - Summary of Performance Allocations (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Performance allocations	$ 2,731,733	$ 1,624,156	$ 1,507,571
Credit
Schedule of Equity Method Investments [Line Items]
Performance allocations	621,214	465,153	418,517
Private Equity
Schedule of Equity Method Investments [Line Items]
Performance allocations	1,901,489	1,040,827	822,531
Real Assets
Schedule of Equity Method Investments [Line Items]
Performance allocations	$ 209,030	$ 118,176	$ 266,523

INVESTMENTS - Performance Alloc

INVESTMENTS - Performance Allocations Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Performance Allocation [Roll Forward]
Performance allocations beginning balance	$ 1,624,156	$ 1,507,571
Change in fair value of funds	2,768,435	378,194
Fund distributions to the Company	(1,660,858)	(261,609)
Performance allocations ending balance	2,731,733	1,624,156
Credit
Performance Allocation [Roll Forward]
Performance allocations beginning balance	465,153	418,517
Change in fair value of funds	460,012	216,960
Fund distributions to the Company	(303,951)	(170,324)
Performance allocations ending balance	621,214	465,153
Private Equity
Performance Allocation [Roll Forward]
Performance allocations beginning balance	1,040,827	822,531
Change in fair value of funds	2,151,444	247,522
Fund distributions to the Company	(1,290,782)	(29,226)
Performance allocations ending balance	1,901,489	1,040,827
Real Assets
Performance Allocation [Roll Forward]
Performance allocations beginning balance	118,176	266,523
Change in fair value of funds	156,979	(86,288)
Fund distributions to the Company	(66,125)	(62,059)
Performance allocations ending balance	$ 209,030	$ 118,176

PROFIT SHARING PAYABLE - Summar

PROFIT SHARING PAYABLE - Summary of Profit Sharing (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Profit Sharing Payable Summary [Line Items]
Total profit sharing payable	$ 1,444,652	$ 842,677	$ 758,669
Credit
Profit Sharing Payable Summary [Line Items]
Total profit sharing payable	440,294	356,375	314,125
Private Equity
Profit Sharing Payable Summary [Line Items]
Total profit sharing payable	906,133	422,079	329,817
Real Assets
Profit Sharing Payable Summary [Line Items]
Total profit sharing payable	$ 98,225	$ 64,223	$ 114,727

PROFIT SHARING PAYABLE - Rollfo

PROFIT SHARING PAYABLE - Rollforward Summary of Profit Sharing (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Profit Sharing Payable Rollforward [Roll Forward]
Profit sharing payable, beginning balance	$ 842,677	$ 758,669
Profit sharing expense	1,469,800	281,248
Payments/other	(867,825)	(197,240)
Profit sharing payable, ending balance	1,444,652	842,677
Credit
Profit Sharing Payable Rollforward [Roll Forward]
Profit sharing payable, beginning balance	356,375	314,125
Profit sharing expense	265,486	180,338
Payments/other	(181,567)	(138,088)
Profit sharing payable, ending balance	440,294	356,375
Private Equity
Profit Sharing Payable Rollforward [Roll Forward]
Profit sharing payable, beginning balance	422,079	329,817
Profit sharing expense	1,123,050	115,909
Payments/other	(638,996)	(23,647)
Profit sharing payable, ending balance	906,133	422,079
Real Assets
Profit Sharing Payable Rollforward [Roll Forward]
Profit sharing payable, beginning balance	64,223	114,727
Profit sharing expense	81,264	(14,999)
Payments/other	(47,262)	(35,505)
Profit sharing payable, ending balance	$ 98,225	$ 64,223

VARIABLE INTEREST ENTITIES - Na

VARIABLE INTEREST ENTITIES - Narrative (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Feb. 28, 2020
Noncontrolling Interest [Line Items]
Number of days trade is open with VIE	60 days
VIE contractual maturities for debt period	10 years
Athene Holding | Athene Holding
Noncontrolling Interest [Line Items]
Incremental interest purchased			17.00%
Ownership percentage	28.40%	28.50%	28.00%

VARIABLE INTEREST ENTITIES - Sc

VARIABLE INTEREST ENTITIES - Schedule of Net Gains from Investment Activities of Consolidated Variable Interest Entities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net gains (losses) from investment activities	$ 525,740	$ (22,451)	$ 51,039
Net gains (losses) from debt	54,638	27,118	(11,941)
Interest and other income	745,590	440,425	29,224
Interest and other expenses	(768,679)	(247,723)	(28,411)
Net gains from investment activities of consolidated variable interest entities	$ 557,289	$ 197,369	$ 39,911

VARIABLE INTEREST ENTITIES - Pr

VARIABLE INTEREST ENTITIES - Principal Provisions of Debt (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Principal Outstanding	$ 3,157,066
Collateralized assets	22,068,419	$ 17,493,425
Consolidated Variable Interest Entities
Debt Instrument [Line Items]
Principal Outstanding	8,062,808	8,976,271
Collateralized assets	8,700,000	9,600,000
Senior Notes | Consolidated Variable Interest Entities
Debt Instrument [Line Items]
Principal Outstanding	$ 7,431,467	$ 8,104,973
Weighted Average Interest Rate	3.16%	3.11%
Weighted Average Remaining Maturity in Years	15 years 6 months	11 years 1 month 6 days
Subordinated Notes | Consolidated Variable Interest Entities
Debt Instrument [Line Items]
Principal Outstanding	$ 613,192	$ 634,600
Weighted Average Remaining Maturity in Years	14 years 6 months	21 years 9 months 18 days
Secured Borrowings | Consolidated Variable Interest Entities
Debt Instrument [Line Items]
Principal Outstanding	$ 18,149	$ 236,698
Weighted Average Interest Rate	2.33%	2.41%
Weighted Average Remaining Maturity in Years	4 months 24 days	3 months 18 days

VARIABLE INTEREST ENTITIES - Va

VARIABLE INTEREST ENTITIES - Variable Interest Entities Which are Not Consolidated (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets:
Investments	$ 9,666,475	$ 4,995,411
Total Assets	30,501,894	23,669,084
Liabilities:
Total Liabilities	18,537,494	17,373,119
Variable Interest Entity, Not Primary Beneficiary
Assets:
Cash	258,008	354,109
Investments	5,193,465	4,154,057
Receivables	193,112	34,800
Total Assets	5,644,585	4,542,966
Liabilities:
Debt and other payables	1,588,007	1,229,345
Total Liabilities	1,588,007	1,229,345
Apollo Exposure	$ 240,871	$ 155,273

FAIR VALUE MEASUREMENTS OF FI_3

FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS - Valuation of Financial Assets and Liabilities by the Fair Value Hierarchy (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investments, at fair value:
Due from related parties	$ 489,590	$ 462,383
Derivative assets	7,436	17
Total Assets	22,068,419	17,493,425
Liabilities
Other liabilities of VIEs, at fair value	47,961
Derivative liabilities	1,520	100
Total Liabilities	8,152,648	8,804,479
Performance allocations	2,731,733	1,624,156	$ 1,507,571
Credit
Investments, at fair value:
Due from related parties	248,886	183,992
Sale of Investment | Credit
Investments, at fair value:
Due from related parties	47,835
Consolidated Variable Interest Entities
Investments, at fair value:
Investments, at fair value	14,737,051	13,316,016
Investments of VIEs, at fair value	14,249,456	13,105,673
Total Assets	8,700,000	9,600,000
Liabilities
Debt of VIEs, at fair value	7,942,508	8,660,515
Other liabilities of VIEs, at fair value	34,201	24,076
Other liabilities of VIEs, using NAV	557
U.S. Treasury securities, at fair value
Assets
U.S. Treasury securities, at fair value	1,687,105	1,816,958
Liabilities
Cost	1,686,923	1,816,635
Investment in Athene Holding
Investments, at fair value:
Investments, at fair value	4,548,048	1,942,574
Liabilities
Cost	2,092,038	2,092,247
Other Investments
Investments, at fair value:
Investments, at fair value	1,040,944	417,860
Liabilities
Cost	890,344	354,010
Total investments, at fair value
Investments, at fair value:
Investments, at fair value	5,588,992	2,360,434
Liabilities
Cost	2,982,382	2,446,257
Contingent Consideration Obligation
Liabilities
Contingent consideration obligations	125,901	119,788
Level I
Investments, at fair value:
Derivative assets	0	0
Total Assets	6,289,878	1,819,516
Liabilities
Other liabilities of VIEs, at fair value	47,961
Derivative liabilities	0	0
Total Liabilities	47,961	0
Level I | Sale of Investment | Credit
Investments, at fair value:
Due from related parties	0
Level I | Consolidated Variable Interest Entities
Investments, at fair value:
Investments, at fair value	6,232	2,558
Investments of VIEs, at fair value	6,232	2,558
Investments of VIEs, valued using NAV	0	0
Liabilities
Debt of VIEs, at fair value	0	0
Other liabilities of VIEs, at fair value	0	0
Other liabilities of VIEs, using NAV	0
Level I | U.S. Treasury securities, at fair value
Assets
U.S. Treasury securities, at fair value	1,687,105	1,816,958
Level I | Investment in Athene Holding
Investments, at fair value:
Investments, at fair value	4,548,048	0
Level I | Other Investments
Investments, at fair value:
Investments, at fair value	48,493	0
Level I | Total investments, at fair value
Investments, at fair value:
Investments, at fair value	4,596,541	0
Level I | Contingent Consideration Obligation
Liabilities
Contingent consideration obligations	0	0
Level II
Investments, at fair value:
Derivative assets	7,436	17
Total Assets	1,109,124	4,130,814
Liabilities
Other liabilities of VIEs, at fair value	0
Derivative liabilities	1,520	100
Total Liabilities	450,660	1,584,071
Level II | Sale of Investment | Credit
Investments, at fair value:
Due from related parties	0
Level II | Consolidated Variable Interest Entities
Investments, at fair value:
Investments, at fair value	1,055,421	2,140,135
Investments of VIEs, at fair value	1,055,421	2,140,135
Investments of VIEs, valued using NAV	0	0
Liabilities
Debt of VIEs, at fair value	446,029	1,580,097
Other liabilities of VIEs, at fair value	3,111	3,874
Other liabilities of VIEs, using NAV	0
Level II | U.S. Treasury securities, at fair value
Assets
U.S. Treasury securities, at fair value	0	0
Level II | Investment in Athene Holding
Investments, at fair value:
Investments, at fair value	0	1,942,574
Level II | Other Investments
Investments, at fair value:
Investments, at fair value	46,267	48,088
Level II | Total investments, at fair value
Investments, at fair value:
Investments, at fair value	46,267	1,990,662
Level II | Contingent Consideration Obligation
Liabilities
Contingent consideration obligations	0	0
Level III
Investments, at fair value:
Derivative assets	0	0
Total Assets	14,181,822	11,332,752
Liabilities
Other liabilities of VIEs, at fair value	0
Derivative liabilities	0	0
Total Liabilities	7,653,470	7,220,408
Level III | Sale of Investment | Credit
Investments, at fair value:
Due from related parties	47,835
Level III | Consolidated Variable Interest Entities
Investments, at fair value:
Investments, at fair value	13,187,803	10,962,980
Investments of VIEs, at fair value	13,187,803	10,962,980
Investments of VIEs, valued using NAV	0	0
Liabilities
Debt of VIEs, at fair value	7,496,479	7,080,418
Other liabilities of VIEs, at fair value	31,090	20,202
Other liabilities of VIEs, using NAV	0
Level III | U.S. Treasury securities, at fair value
Assets
U.S. Treasury securities, at fair value	0	0
Level III | Investment in Athene Holding
Investments, at fair value:
Investments, at fair value	0	0
Level III | Other Investments
Investments, at fair value:
Investments, at fair value	946,184	369,772
Liabilities
Performance allocations	175,800	44,400
Level III | Total investments, at fair value
Investments, at fair value:
Investments, at fair value	946,184	369,772
Level III | Contingent Consideration Obligation
Liabilities
Contingent consideration obligations	125,901	119,788
NAV | Consolidated Variable Interest Entities
Investments, at fair value:
Investments of VIEs, valued using NAV	$ 487,595	$ 210,343

FAIR VALUE MEASUREMENTS OF FI_4

FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS - Changes in Fair Value in Financial Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, Beginning of Period	$ 11,332,752	$ 434,479
Transfer out due to deconsolidation	(230,541)	7,794,128
Purchases	4,172,093	4,511,338
Sale of investments/distributions	(1,448,092)	(688,853)
Settlements		(798,487)
Net realized gains	54,215	19,265
Changes in net unrealized gains	526,299	(8,121)
Cumulative translation adjustment	(44,356)	71,361
Transfer into Level III	45,392	84,595
Transfer out of Level III	(273,775)	(86,953)
Balance, End of Period	14,133,987	11,332,752
Consolidated Variable Interest Entities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, Beginning of Period	10,962,980	321,069
Transfer out due to deconsolidation	(230,541)	7,794,128
Purchases	3,679,767	4,278,786
Sale of investments/distributions	(1,444,857)	(666,998)
Settlements		(798,487)
Net realized gains	34,152	17,793
Changes in net unrealized gains	444,686	(32,494)
Cumulative translation adjustment	(31,717)	50,845
Transfer into Level III	44,686	84,595
Transfer out of Level III	(271,353)	(86,257)
Balance, End of Period	13,187,803	10,962,980
Change in net unrealized gains included in principal investment income related to investments still held at reporting date
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Changes in net unrealized gains	81,613	24,373
Change in net unrealized gains included in principal investment income related to investments still held at reporting date | Consolidated Variable Interest Entities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Changes in net unrealized gains	0	0
Change in net unrealized gains included in net gains (losses) from investment activities of consolidated VIEs related to investments still held at reporting date
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Changes in net unrealized gains	307,829	(23,534)
Change in net unrealized gains included in net gains (losses) from investment activities of consolidated VIEs related to investments still held at reporting date | Consolidated Variable Interest Entities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Changes in net unrealized gains	307,829	(23,534)
Other Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, Beginning of Period	369,772	113,410
Transfer out due to deconsolidation	0	0
Purchases	492,326	232,552
Sale of investments/distributions	(3,235)	(21,855)
Settlements		0
Net realized gains	20,063	1,472
Changes in net unrealized gains	81,613	24,373
Cumulative translation adjustment	(12,639)	20,516
Transfer into Level III	706	0
Transfer out of Level III	(2,422)	(696)
Balance, End of Period	946,184	369,772
Other Investments | Change in net unrealized gains included in principal investment income related to investments still held at reporting date
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Changes in net unrealized gains	81,613	24,373
Other Investments | Change in net unrealized gains included in net gains (losses) from investment activities of consolidated VIEs related to investments still held at reporting date
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Changes in net unrealized gains	$ 0	$ 0

FAIR VALUE MEASUREMENTS OF FI_5

FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS - Changes in Fair Value in Financial Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, Beginning of Period	$ 7,220,408	$ 112,514
Transfer in due to consolidation		4,291,286
Issuances	705,726	3,198,863
Repayments	(341,138)	(296,871)
Net realized losses	6,713	2,311
Changes in net unrealized (gains) losses	92,934	(133,468)
Cumulative translation adjustment	(31,626)	45,773
Transfer into level III	453
Balance, End of Period	7,653,470	7,220,408
Debt And Other Liabilities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Changes in net unrealized (gains) losses	44,895	(219,645)
Contingent Consideration Obligations
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, Beginning of Period	119,788	112,514
Transfer in due to consolidation		0
Issuances	0	0
Repayments	(20,609)	(12,870)
Net realized losses	0	0
Changes in net unrealized (gains) losses	26,722	20,144
Cumulative translation adjustment	0	0
Transfer into level III	0
Balance, End of Period	125,901	119,788
Contingent Consideration Obligations | Debt And Other Liabilities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Changes in net unrealized (gains) losses	0	0
Debt and Other Liabilities of Consolidated VIEs | Consolidated Variable Interest Entities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, Beginning of Period	7,100,620	0
Transfer in due to consolidation		4,291,286
Issuances	705,726	3,198,863
Repayments	(320,529)	(284,001)
Net realized losses	6,713	2,311
Changes in net unrealized (gains) losses	66,212	(153,612)
Cumulative translation adjustment	(31,626)	45,773
Transfer into level III	453
Balance, End of Period	7,527,569	7,100,620
Debt and Other Liabilities of Consolidated VIEs | Consolidated Variable Interest Entities | Debt And Other Liabilities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Changes in net unrealized (gains) losses	$ 44,895	$ (219,645)

FAIR VALUE MEASUREMENTS OF FI_6

FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS - Quantitative Inputs and Assumptions used for Financial Assets and Liabilities Categories (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Financial Assets
Due from related parties	$ 489,590	$ 462,383
Assets	14,133,987	11,332,752	$ 434,479
Financial Liabilities
Liabilities	7,653,470	7,220,408	112,514
Consolidated Variable Interest Entities
Financial Assets
Investments, at fair value	14,737,051	13,316,016
Assets	13,187,803	10,962,980	321,069
Consolidated Variable Interest Entities | Secured loans
Financial Liabilities
Liabilities	4,311,348	3,822,475
Consolidated Variable Interest Entities | Subordinated notes
Financial Liabilities
Liabilities	3,164,491	3,044,437
Consolidated Variable Interest Entities | Participating equity
Financial Liabilities
Liabilities	20,640
Consolidated Variable Interest Entities | Preferred equity
Financial Liabilities
Liabilities		213,506
Consolidated Variable Interest Entities | Other liabilities
Financial Liabilities
Liabilities	31,090	20,202
Debt and Other Liabilities of Consolidated VIEs | Consolidated Variable Interest Entities
Financial Liabilities
Liabilities	7,527,569	7,100,620	$ 0
Discounted cash flow | Contingent Consideration Obligations
Financial Liabilities
Liabilities	125,901	119,788
Level III
Financial Assets
Assets	14,181,822	11,332,752
Financial Liabilities
Liabilities	7,653,470	7,220,408
Level III | Consolidated Variable Interest Entities
Financial Assets
Investments, at fair value	13,187,803	10,962,980
Level III | Consolidated Variable Interest Entities | Equity securities
Financial Assets
Assets	4,144,661	4,339,244
Level III | Consolidated Variable Interest Entities | Bank loans
Financial Assets
Assets	4,569,873	3,501,384
Level III | Consolidated Variable Interest Entities | Profit participating notes
Financial Assets
Assets	2,849,150	2,577,596
Level III | Consolidated Variable Interest Entities | Real Assets
Financial Assets
Assets	511,648	422,123
Level III | Consolidated Variable Interest Entities | Bonds
Financial Assets
Assets	50,885	97,209
Level III | Consolidated Variable Interest Entities | Convertible securities
Financial Assets
Assets		16,581
Level III | Consolidated Variable Interest Entities | Warrants
Financial Assets
Assets		2,676
Level III | Consolidated Variable Interest Entities | Other equity investments
Financial Assets
Assets	1,061,586	6,167
Level III | Embedded value | Other investments
Financial Assets
Investments, at fair value	516,221	254,655
Level III | Discounted cash flow | Other investments
Financial Assets
Investments, at fair value	169,625	107,652
Level III | Adjusted transaction value | Other investments
Financial Assets
Investments, at fair value	260,338
Level III | Third party pricing | Other investments
Financial Assets
Investments, at fair value		$ 7,465
Level III | Discount rate | Discounted cash flow
Financial Assets
Due from related parties	$ 47,835
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Due from related parties, measurement input	16.00%
Level III | Discount rate | Discounted cash flow | Consolidated Variable Interest Entities | Convertible securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Convertible securities, measurement input		0.124
Level III | Discount rate | Discounted cash flow | Consolidated Variable Interest Entities | Participating equity
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Long-term debt, measurement input	0.150
Level III | Discount rate | Discounted cash flow | Consolidated Variable Interest Entities | Preferred equity
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Long-term debt, measurement input		0.15
Level III | Discount rate | Discounted cash flow | Minimum | Consolidated Variable Interest Entities | Other investments
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Other investments, measurement input	14.00%	16.00%
Level III | Discount rate | Discounted cash flow | Minimum | Consolidated Variable Interest Entities | Equity securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Equity securities, measurement input	0.030	0.044
Level III | Discount rate | Discounted cash flow | Minimum | Consolidated Variable Interest Entities | Bank loans
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Bank loans, measurement input	0.018	0.018
Level III | Discount rate | Discounted cash flow | Minimum | Consolidated Variable Interest Entities | Profit participating notes
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Profit participating notes, measurement input	0.087	0.075
Level III | Discount rate | Discounted cash flow | Minimum | Consolidated Variable Interest Entities | Real Assets
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Real estate, measurement input	0.050	0.063
Level III | Discount rate | Discounted cash flow | Minimum | Consolidated Variable Interest Entities | Bonds
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Bonds, Measurement Input	0.040	0.055
Level III | Discount rate | Discounted cash flow | Minimum | Consolidated Variable Interest Entities | Other equity investments
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Other equity investments, measurement input	0.118
Level III | Discount rate | Discounted cash flow | Minimum | Consolidated Variable Interest Entities | Secured loans
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Long-term debt, measurement input	0.014	0.018
Level III | Discount rate | Discounted cash flow | Minimum | Consolidated Variable Interest Entities | Subordinated notes
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Long-term debt, measurement input	0.045	0.077
Level III | Discount rate | Discounted cash flow | Minimum | Consolidated Variable Interest Entities | Other liabilities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Long-term debt, measurement input	0.037	0.018
Level III | Discount rate | Discounted cash flow | Maximum | Consolidated Variable Interest Entities | Other investments
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Other investments, measurement input	52.80%	47.50%
Level III | Discount rate | Discounted cash flow | Maximum | Consolidated Variable Interest Entities | Equity securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Equity securities, measurement input	0.190	0.156
Level III | Discount rate | Discounted cash flow | Maximum | Consolidated Variable Interest Entities | Bank loans
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Bank loans, measurement input	0.156	0.270
Level III | Discount rate | Discounted cash flow | Maximum | Consolidated Variable Interest Entities | Profit participating notes
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Profit participating notes, measurement input	0.125	0.150
Level III | Discount rate | Discounted cash flow | Maximum | Consolidated Variable Interest Entities | Real Assets
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Real estate, measurement input	0.125	0.125
Level III | Discount rate | Discounted cash flow | Maximum | Consolidated Variable Interest Entities | Bonds
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Bonds, Measurement Input	0.070	0.070
Level III | Discount rate | Discounted cash flow | Maximum | Consolidated Variable Interest Entities | Other equity investments
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Other equity investments, measurement input	0.125
Level III | Discount rate | Discounted cash flow | Maximum | Consolidated Variable Interest Entities | Secured loans
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Long-term debt, measurement input	0.100	0.093
Level III | Discount rate | Discounted cash flow | Maximum | Consolidated Variable Interest Entities | Subordinated notes
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Long-term debt, measurement input	0.119	0.140
Level III | Discount rate | Discounted cash flow | Maximum | Consolidated Variable Interest Entities | Other liabilities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Long-term debt, measurement input	0.093	0.079
Level III | Discount rate | Discounted cash flow | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Due from related parties, measurement input	16.00%
Level III | Discount rate | Discounted cash flow | Weighted Average | Other investments
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Other investments, measurement input	26.40%	23.40%
Level III | Discount rate | Discounted cash flow | Weighted Average | Contingent Consideration Obligations
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Contingent consideration obligation, measurement input	0.185	0.175
Level III | Discount rate | Discounted cash flow | Weighted Average | Consolidated Variable Interest Entities | Equity securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Equity securities, measurement input	0.104	0.072
Level III | Discount rate | Discounted cash flow | Weighted Average | Consolidated Variable Interest Entities | Bank loans
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Bank loans, measurement input	0.043	0.034
Level III | Discount rate | Discounted cash flow | Weighted Average | Consolidated Variable Interest Entities | Profit participating notes
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Profit participating notes, measurement input	0.124	0.146
Level III | Discount rate | Discounted cash flow | Weighted Average | Consolidated Variable Interest Entities | Real Assets
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Real estate, measurement input	0.073	0.084
Level III | Discount rate | Discounted cash flow | Weighted Average | Consolidated Variable Interest Entities | Bonds
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Bonds, Measurement Input	0.061	0.065
Level III | Discount rate | Discounted cash flow | Weighted Average | Consolidated Variable Interest Entities | Convertible securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Convertible securities, measurement input		0.124
Level III | Discount rate | Discounted cash flow | Weighted Average | Consolidated Variable Interest Entities | Secured loans
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Long-term debt, measurement input	0.028	0.027
Level III | Discount rate | Discounted cash flow | Weighted Average | Consolidated Variable Interest Entities | Subordinated notes
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Long-term debt, measurement input	0.058	0.099
Level III | Discount rate | Discounted cash flow | Weighted Average | Consolidated Variable Interest Entities | Participating equity
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Long-term debt, measurement input	0.150
Level III | Discount rate | Discounted cash flow | Weighted Average | Consolidated Variable Interest Entities | Preferred equity
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Long-term debt, measurement input		0.15
Level III | Discount rate | Discounted cash flow | Weighted Average | Consolidated Variable Interest Entities | Other liabilities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Long-term debt, measurement input	0.063	0.057
Level III | Discount rate | Dividend discount model | Consolidated Variable Interest Entities | Equity securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Equity securities, measurement input	13.7
Level III | Discount rate | Dividend discount model | Minimum | Consolidated Variable Interest Entities | Equity securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Equity securities, measurement input	0.107	0.097
Level III | Discount rate | Dividend discount model | Maximum | Consolidated Variable Interest Entities | Equity securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Equity securities, measurement input	0.137	0.138
Level III | Discount rate | Dividend discount model | Weighted Average | Consolidated Variable Interest Entities | Equity securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Equity securities, measurement input	0.137	0.112
Level III | Discount rate | Dividend discount model | Consolidated Variable Interest Entities | Convertible securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Convertible securities, measurement input		0.138
Level III | Discount rate | Dividend discount model | Weighted Average | Consolidated Variable Interest Entities | Convertible securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Convertible securities, measurement input		0.138
Level III | Disposition timeline | Discounted cash flow | Minimum | Consolidated Variable Interest Entities | Equity securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Equity securities, measurement input		8
Level III | Disposition timeline | Discounted cash flow | Maximum | Consolidated Variable Interest Entities | Equity securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Equity securities, measurement input		52
Level III | Disposition timeline | Discounted cash flow | Weighted Average | Consolidated Variable Interest Entities | Equity securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Equity securities, measurement input		28.8
Level III | 2 year home price index forecast | Discounted cash flow | Minimum | Consolidated Variable Interest Entities | Equity securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Equity securities, measurement input		(0.14)
Level III | 2 year home price index forecast | Discounted cash flow | Maximum | Consolidated Variable Interest Entities | Equity securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Equity securities, measurement input		0.096
Level III | 2 year home price index forecast | Discounted cash flow | Weighted Average | Consolidated Variable Interest Entities | Equity securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Equity securities, measurement input		(0.025)
Level III | NTAV multiple | Market comparable companies | Consolidated Variable Interest Entities | Equity securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Equity securities, measurement input		1.2
Level III | NTAV multiple | Market comparable companies | Weighted Average | Consolidated Variable Interest Entities | Equity securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Equity securities, measurement input		1.2
Level III | TBV multiple | Market comparable companies | Consolidated Variable Interest Entities | Equity securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Equity securities, measurement input	1.25	0.56
Level III | TBV multiple | Market comparable companies | Consolidated Variable Interest Entities | Convertible securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Convertible securities, measurement input		0.56
Level III | TBV multiple | Market comparable companies | Weighted Average | Consolidated Variable Interest Entities | Equity securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Equity securities, measurement input	1.25	0.56
Level III | TBV multiple | Market comparable companies | Weighted Average | Consolidated Variable Interest Entities | Convertible securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Convertible securities, measurement input		0.56
Level III | Purchase multiple | Adjusted transaction value | Consolidated Variable Interest Entities | Equity securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Equity securities, measurement input	1.25	1.1
Level III | Purchase multiple | Adjusted transaction value | Weighted Average | Consolidated Variable Interest Entities | Equity securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Equity securities, measurement input	1.25	1.1
Level III | Recoverability rate | Recoverability | Minimum | Consolidated Variable Interest Entities | Bank loans
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Bank loans, measurement input		0.140
Level III | Recoverability rate | Recoverability | Maximum | Consolidated Variable Interest Entities | Bank loans
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Bank loans, measurement input		0.750
Level III | Recoverability rate | Recoverability | Weighted Average | Consolidated Variable Interest Entities | Bank loans
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Bank loans, measurement input		0.578
Level III | Capitalization rate | Discounted cash flow | Minimum | Consolidated Variable Interest Entities | Real Assets
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Real estate, measurement input	0.040	0.058
Level III | Capitalization rate | Discounted cash flow | Maximum | Consolidated Variable Interest Entities | Real Assets
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Real estate, measurement input	0.058	0.060
Level III | Capitalization rate | Discounted cash flow | Weighted Average | Consolidated Variable Interest Entities | Real Assets
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Real estate, measurement input	0.053	0.058
Level III | Capitalization rate | Direct capitalization | Minimum | Consolidated Variable Interest Entities | Real Assets
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Real estate, measurement input	0.055	0.055
Level III | Capitalization rate | Direct capitalization | Maximum | Consolidated Variable Interest Entities | Real Assets
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Real estate, measurement input	0.085	0.085
Level III | Capitalization rate | Direct capitalization | Weighted Average | Consolidated Variable Interest Entities | Real Assets
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Real estate, measurement input	0.062	0.066
Level III | Terminal capitalization rate | Discounted cash flow | Consolidated Variable Interest Entities | Real Assets
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Real estate, measurement input	0.083	0.083
Level III | Terminal capitalization rate | Discounted cash flow | Weighted Average | Consolidated Variable Interest Entities | Real Assets
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Real estate, measurement input	0.083	0.083
Level III | Terminal capitalization rate | Direct capitalization | Minimum | Consolidated Variable Interest Entities | Real Assets
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Real estate, measurement input	0.060	0.058
Level III | Terminal capitalization rate | Direct capitalization | Maximum | Consolidated Variable Interest Entities | Real Assets
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Real estate, measurement input	0.120	0.12
Level III | Terminal capitalization rate | Direct capitalization | Weighted Average | Consolidated Variable Interest Entities | Real Assets
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Real estate, measurement input	0.069	0.076
Level III | Option model | Option model | Minimum | Consolidated Variable Interest Entities | Warrants
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Warrants, measurement input	0.370	0.500
Level III | Option model | Option model | Maximum | Consolidated Variable Interest Entities | Warrants
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Warrants, measurement input	0.540	0.644
Level III | Option model | Option model | Weighted Average | Consolidated Variable Interest Entities | Warrants
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Warrants, measurement input		0.531
Level III | P/E multiple | Market comparable companies | Consolidated Variable Interest Entities | Equity securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Equity securities, measurement input		9.8
Level III | P/E multiple | Market comparable companies | Consolidated Variable Interest Entities | Convertible securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Convertible securities, measurement input		9.8
Level III | P/E multiple | Market comparable companies | Weighted Average | Consolidated Variable Interest Entities | Equity securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Equity securities, measurement input		9.8
Level III | P/E multiple | Market comparable companies | Weighted Average | Consolidated Variable Interest Entities | Convertible securities
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Convertible securities, measurement input		9.8

FAIR VALUE MEASUREMENTS OF FI_7

FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS - Narrative (Details) - Investment in Athene Holding - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Market price (in USD per share)	$ 83.33	$ 43.14
DLOM percent		17.50%

OTHER ASSETS - Schedule of Othe

OTHER ASSETS - Schedule of Other Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fixed assets	$ 256,252	$ 191,853
Less: Accumulated depreciation and amortization	(130,072)	(111,821)
Fixed assets, net	126,180	80,032
Deferred equity-based compensation	282,900	137,777
Prepaid expenses	57,765	46,639
Intangible assets, net	14,846	23,586	$ 20,615	$ 18,899
Tax receivables	30,334	42,979
Other	73,876	33,950
Total Other Assets	585,901	364,963
Other liabilities
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of grants	$ 210,600	$ 114,600

OTHER ASSETS - Narrative (Detai

OTHER ASSETS - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Depreciation	$ 18,600,000	$ 11,400,000	$ 9,600,000
Impairment of intangible assets, indefinite-lived	$ 0	$ 0

OTHER ASSETS - Schedule of Fini

OTHER ASSETS - Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Intangible assets/management contracts	$ 272,542	$ 272,572
Accumulated amortization	(257,696)	(248,986)
Intangible assets, net	$ 14,846	$ 23,586	$ 20,615	$ 18,899

OTHER ASSETS - Changes in Intan

OTHER ASSETS - Changes in Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Indefinite-lived intangible assets	$ 1,800	$ 1,800
Intangible Asset [Roll Forward]
Balance, beginning of year	23,586	20,615	$ 18,899
Amortization expense	(8,740)	(7,431)	(6,159)
Acquisitions / additions	0	10,402	7,875
Balance, end of year	$ 14,846	$ 23,586	$ 20,615

OTHER ASSETS - Schedule of Amor

OTHER ASSETS - Schedule of Amortization (Details) $ in Thousands	Dec. 31, 2021USD ($)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
2022	$ 6,610
2023	4,818
2024	1,388
2025	20
2026	20
Thereafter	230
Total	$ 13,086

LEASES - Components of Lease Ex

LEASES - Components of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease cost	$ 48,661	$ 46,483	$ 42,680

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating cash flows for operating leases	$ 31,802	$ 27,452	$ 30,626

LEASES - Lease Payments by Matu

LEASES - Lease Payments by Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Operating Lease Payments
2022	$ 54,420
2023	56,633
2024	53,975
2025	52,044
2026	47,284
Thereafter	329,964
Total lease payments	594,320
Less imputed interest	(89,114)
Present value of lease payments	$ 505,206	$ 332,915

LEASES - Narrative (Details)

LEASES - Narrative (Details) $ in Millions	Dec. 31, 2021USD ($)
Leases [Abstract]
Lease not yet commenced, amount	$ 177.2
Lease not yet commenced, term	16 years

LEASES - Supplemental Informati

LEASES - Supplemental Information Related to Lease (Details)	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Weighted average remaining lease term (in years)	12 years 3 months 18 days	13 years 7 months 6 days
Weighted average discount rate	2.70%	3.10%

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Loss Carryforwards [Line Items]
Income tax (provision) benefit	$ (594,379,000)	$ (86,966,000)	$ 128,994,000
Effective tax rate	12.20%	15.70%	(9.20%)
Period of recognition for tax intangibles	15 years
Domestic Tax Authority
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 0
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	24,600,000
Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
Tax credit carryforward	$ 0

INCOME TAXES - Provision for In

INCOME TAXES - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current:
Federal income tax	$ 83,201	$ 21,039	$ 1,973
Foreign income tax	32,530	24,926	10,792
State and local income tax	3,562	5,389	3,408
Subtotal	119,293	51,354	16,173
Deferred:
Federal income tax	422,561	9,109	(120,457)
Foreign income tax	(946)	42	128
State and local income tax	53,471	26,461	(24,838)
Subtotal	475,086	35,612	(145,167)
Total Income Tax Provision (Benefit)	594,379	86,966	(128,994)
Pretax income	$ 211,700	$ 115,900	$ 44,700

INCOME TAXES - Reconciliation o

INCOME TAXES - Reconciliation of Tax Rates (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
U.S. Federal Statutory Tax Rate	21.00%	21.00%	21.00%
Income Passed Through to Non-Controlling Interests	(10.40%)	(12.20%)	(10.70%)
Income Passed Through to Class A Shareholders	0.00%	0.00%	(2.70%)
State and Local Income Taxes (net of Federal Benefit)	0.80%	3.80%	1.10%
Impact of Corporate Conversion	0.00%	0.90%	(16.70%)
Impact of Foreign Taxes (net of Foreign Tax Credit)	0.30%	2.30%	0.50%
Impact of Equity-Based Compensation	0.50%	(1.20%)	(0.90%)
Other	0.00%	1.10%	(0.80%)
Effective Income Tax Rate	12.20%	15.70%	(9.20%)

INCOME TAXES - Deferred Tax Ass

INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred Tax Assets:
Depreciation and amortization	$ 507,594	$ 273,545
Net operating loss carryforwards	1,414	4,026
Deferred Revenue	5,981	3,329
Equity-based compensation	62,618	14,243
Foreign tax credit	0	5,854
Basis difference in investments	0	204,653
Other	39,805	33,894
Total Deferred Tax Assets	617,412	539,544
Deferred Tax Liabilities:
Basis difference in investments	192,538	0
Other	742	300
Total Deferred Tax Liabilities	193,280	300
Total Deferred Tax Assets, Net	$ 424,132	$ 539,244

INCOME TAXES - Impact of Exchan

INCOME TAXES - Impact of Exchange of AOG Units (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Increase in Deferred Tax Asset	$ 346,896	$ 86,864
Increase in Tax Receivable Agreement Liability	287,917	68,801
Increase to Additional Paid In Capital	$ 58,979	$ 28,904

DEBT - Summary of Debt (Details

DEBT - Summary of Debt (Details) € in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021EUR (€)	Dec. 31, 2020USD ($)
Debt Instrument [Line Items]
Outstanding Balance	$ 3,134,396		$ 3,155,221
Fair Value	3,498,794		3,598,416
Unamortized debt issuance cost	25,124		28,373
Senior Notes | 2024 Senior Notes
Debt Instrument [Line Items]
Outstanding Balance	498,469		497,817
Fair Value	$ 530,052		$ 553,633
Annualized Weighted Average Interest Rate	4.00%	4.00%	4.00%
Unamortized debt issuance cost	$ 1,289		$ 1,841
Senior Notes | 2026 Senior Notes
Debt Instrument [Line Items]
Outstanding Balance	497,730		497,217
Fair Value	$ 553,055		$ 581,898
Annualized Weighted Average Interest Rate	4.40%	4.40%	4.40%
Unamortized debt issuance cost	$ 2,076		$ 2,545
Senior Notes | 2029 Senior Notes
Debt Instrument [Line Items]
Outstanding Balance	674,786		674,757
Fair Value	$ 777,703		$ 804,768
Annualized Weighted Average Interest Rate	4.87%	4.87%	4.87%
Unamortized debt issuance cost	$ 4,635		$ 5,282
Senior Notes | 2030 Senior Notes
Debt Instrument [Line Items]
Outstanding Balance	494,928		494,375
Fair Value	$ 506,094		$ 513,362
Annualized Weighted Average Interest Rate	2.65%	2.65%	2.65%
Unamortized debt issuance cost	$ 3,824		$ 4,231
Senior Notes | 2048 Senior Notes
Debt Instrument [Line Items]
Outstanding Balance	296,757		296,633
Fair Value	$ 397,191		$ 379,953
Annualized Weighted Average Interest Rate	5.00%	5.00%	5.00%
Unamortized debt issuance cost	$ 2,960		$ 3,073
Senior Secured Notes | 2039 Senior Secured Guaranteed Notes
Debt Instrument [Line Items]
Outstanding Balance	317,985		317,042
Fair Value	$ 369,041		$ 376,472
Annualized Weighted Average Interest Rate	4.77%	4.77%	4.77%
Unamortized debt issuance cost	$ 7,015		$ 7,958
Subordinated notes | 2050 Subordinated Notes
Debt Instrument [Line Items]
Outstanding Balance	296,675		296,557
Fair Value	$ 308,687		$ 307,500
Annualized Weighted Average Interest Rate	4.95%	4.95%	4.95%
Unamortized debt issuance cost	$ 3,325		$ 3,443
AMI Term Facility | Secured Borrowing I
Debt Instrument [Line Items]
Outstanding Balance	0		19,526
Fair Value	$ 0		$ 19,527
Annualized Weighted Average Interest Rate	0.00%	0.00%	1.84%
Loan Amount | €		€ 15,984
Debt instrument term	10 years 3 months 18 days
AMI Term Facility | Secured Borrowing II
Debt Instrument [Line Items]
Outstanding Balance	$ 19,334		$ 20,767
Fair Value	$ 19,239		$ 20,773
Annualized Weighted Average Interest Rate	1.70%	1.70%	1.71%
Loan Amount | €		€ 17,000
AMI Term Facility | 2016 AMI Term Facility I
Debt Instrument [Line Items]
Outstanding Balance	$ 19,186		$ 20,608
Fair Value	$ 19,186		$ 20,608
Annualized Weighted Average Interest Rate	1.30%	1.30%	1.30%
Loan Amount | €		€ 16,870
AMI Term Facility | 2016 AMI Term Facility II
Debt Instrument [Line Items]
Outstanding Balance	$ 18,546		$ 19,922
Fair Value	$ 18,546		$ 19,922
Annualized Weighted Average Interest Rate	1.40%	1.40%	1.40%
Loan Amount | €		€ 16,308

DEBT - Narrative (Details)

DEBT - Narrative (Details)	Jul. 11, 2018USD ($)	Dec. 31, 2021USD ($)	Nov. 23, 2020USD ($)	Jun. 05, 2020USD ($)	Dec. 17, 2019USD ($)	Jun. 11, 2019USD ($)	Jun. 10, 2019USD ($)	Feb. 07, 2019USD ($)	Mar. 15, 2018USD ($)	May 27, 2016USD ($)	May 30, 2014USD ($)
Revolving Credit Facility | AMH Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 750,000,000
Commitment fee (as a percent)		0.09%
Incremental facilities	$ 250,000,000
Leverage ratio maximum	4
Revolving Credit Facility | AMH Credit Facility | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		1.00%
Senior Notes | 2024 Senior Notes
Debt Instrument [Line Items]
Debt, face amount											$ 500,000,000
Debt, interest rate											4.00%
Debt issuance price (as a percent)											99.722%
Senior Notes | 2026 Senior Notes
Debt Instrument [Line Items]
Debt, face amount										$ 500,000,000
Debt, interest rate										4.40%
Debt issuance price (as a percent)										99.912%
Senior Notes | 2029 Senior Notes
Debt Instrument [Line Items]
Debt, face amount		$ 675,000,000				$ 125,000,000		$ 550,000,000
Debt, interest rate								4.872%
Debt issuance price (as a percent)						104.812%		99.999%
Senior Notes | 2030 Senior Notes
Debt Instrument [Line Items]
Debt, face amount				$ 500,000,000
Debt, interest rate				2.65%
Debt issuance price (as a percent)				99.704%
Senior Notes | 2048 Senior Notes
Debt Instrument [Line Items]
Debt, face amount									$ 300,000,000
Debt, interest rate									5.00%
Debt issuance price (as a percent)									99.892%
Senior Secured Notes | 2039 Senior Secured Guaranteed Notes
Debt Instrument [Line Items]
Debt, face amount							$ 325,000,000
Debt, interest rate							4.77%
Additional interest to be accrued (as a percent)							5.00%
Subordinated notes | 2050 Subordinated Notes
Debt Instrument [Line Items]
Debt, face amount					$ 300,000,000
Debt, interest rate					4.95%
Debt issuance price (as a percent)					100.00%

DEBT - Interest Expense (Detail

DEBT - Interest Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total Interest Expense	$ 139,090	$ 133,239	$ 98,369
Line of Credit | 2018 AMH Credit Facility
Debt Instrument [Line Items]
Total Interest Expense	0	1,215	1,277
Line of Credit | AMH Credit Facility
Debt Instrument [Line Items]
Total Interest Expense	1,301	73	0
Line of Credit | AMI Term Facilities/ Secured Borrowings
Debt Instrument [Line Items]
Total Interest Expense	1,326	1,443	1,292
Senior Notes | 2024 Senior Notes
Debt Instrument [Line Items]
Total Interest Expense	20,652	20,652	20,652
Senior Notes | 2026 Senior Notes
Debt Instrument [Line Items]
Total Interest Expense	22,513	22,513	22,513
Senior Notes | 2029 Senior Notes
Debt Instrument [Line Items]
Total Interest Expense	32,916	32,916	27,743
Senior Notes | 2030 Senior Notes
Debt Instrument [Line Items]
Total Interest Expense	13,845	7,888	0
Senior Notes | 2048 Senior Notes
Debt Instrument [Line Items]
Total Interest Expense	15,124	15,124	15,124
Senior Secured Notes | 2039 Senior Secured Guaranteed Notes
Debt Instrument [Line Items]
Total Interest Expense	16,445	16,445	9,182
Subordinated notes | 2050 Subordinated Notes
Debt Instrument [Line Items]
Total Interest Expense	$ 14,968	$ 14,970	$ 586

DEBT - Debt Maturities (Details

DEBT - Debt Maturities (Details) $ in Thousands	Dec. 31, 2021USD ($)
Debt Instrument [Line Items]
2022	$ 0
2023	18,546
2024	500,000
2025	19,186
2026	500,000
Thereafter	2,119,334
Total	3,157,066
Senior Notes | 2024 Senior Notes
Debt Instrument [Line Items]
2022	0
2023	0
2024	500,000
2025	0
2026	0
Thereafter	0
Total	500,000
Senior Notes | 2026 Senior Notes
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	0
2026	500,000
Thereafter	0
Total	500,000
Senior Notes | 2029 Senior Notes
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	0
2026	0
Thereafter	675,000
Total	675,000
Senior Notes | 2030 Senior Notes
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	0
2026	0
Thereafter	500,000
Total	500,000
Senior Notes | 2048 Senior Notes
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	0
2026	0
Thereafter	300,000
Total	300,000
Senior Secured Notes | 2039 Senior Secured Guaranteed Notes
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	0
2026	0
Thereafter	325,000
Total	325,000
Subordinated notes | 2050 Subordinated Notes
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	0
2026	0
Thereafter	300,000
Total	300,000
AMI Term Facility | Secured Borrowing II
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	0
2026	0
Thereafter	19,334
Total	19,334
AMI Term Facility | 2016 AMI Term Facility I
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	19,186
2026	0
Thereafter	0
Total	19,186
AMI Term Facility | 2016 AMI Term Facility II
Debt Instrument [Line Items]
2022	0
2023	18,546
2024	0
2025	0
2026	0
Thereafter	0
Total	$ 18,546

NET INCOME PER SHARE OF CLASS_3

NET INCOME PER SHARE OF CLASS A COMMON STOCK - Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 15, 2021	Nov. 30, 2021	Sep. 15, 2021	Aug. 31, 2021	Jun. 15, 2021	May 28, 2021	Apr. 14, 2021	Feb. 26, 2021	Nov. 30, 2020	Aug. 31, 2020	May 29, 2020	Apr. 15, 2020	Feb. 28, 2020	Nov. 29, 2019	Sep. 26, 2019	Aug. 30, 2019	Aug. 15, 2019	May 31, 2019	Apr. 12, 2019	Feb. 28, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Numerator:
Dividends	$ (23,200)	$ (216,700)	$ (24,100)	$ (216,400)	$ (19,500)	$ (216,400)	$ (41,800)	$ (260,600)	$ (220,700)	$ (212,100)	$ (181,900)	$ (43,000)	$ (361,200)	$ (201,600)	$ (17,800)	$ (201,400)	$ (4,100)	$ (185,200)	$ (45,400)	$ (226,600)	$ (1,018,700)	$ (1,018,900)	$ (882,100)
Earnings allocable to participating securities																					(54,283)	0	(17,343)
RSUs
Numerator:
Dividends																					(16,851)	(18,956)	(17,888)
Dilution effect on distributable income attributable to unvested RSUs																					$ 0	$ 0	$ 3,173
Denominator:
Dilution effect of unvested RSUs (in shares)																					0	0	1,676,111
Class A Common Stock
Numerator:
Net Income Attributable to Apollo Global Management, Inc. Class A Common Stockholders																					$ 1,801,835	$ 119,958	$ 806,537
Dividends	$ 0	$ (123,600)	$ 0	$ (122,000)	$ 0	$ (115,500)	$ 0	$ (139,200)	$ (116,700)	$ (112,100)	$ (96,200)	$ 0	$ (205,600)	$ (111,500)	$ 0	$ (100,400)	$ 0	$ (92,200)	$ 0	$ (113,300)	(500,286)	(530,576)	(417,386)
Undistributed income (loss) attributable to Class A Common Stockholders: Basic																					1,230,415	(429,574)	353,920
Undistributed income (loss) attributable to Class A Common Stockholders: Diluted																					$ 1,230,415	$ (429,574)	$ 357,093
Denominator:
Weighted average number of shares of class A common stock outstanding – basic (in shares)																					236,567,691	227,530,600	207,072,413
Weighted average number of shares of class A common stock outstanding – diluted (in shares)																					236,567,691	227,530,600	208,748,524
Net Income per share of Class A Common Stock: Basic and Diluted
Distributed income - basic (in USD per share)																					$ 2.10	$ 2.31	$ 2.02
Undistributed income (loss) - basic (in USD per share)																					5.22	(1.87)	1.70
Net Income per share of class A common stock – basic (in USD per share)																					7.32	0.44	3.72
Distributed Income - diluted (in USD per share)																					2.10	2.31	2.01
Undistributed Income (loss) - diluted (in USD per share)																					5.22	(1.87)	1.70
Net Income per share of class A common stock – diluted (in USD per share)																					$ 7.32	$ 0.44	$ 3.71

NET INCOME PER SHARE OF CLASS_4

NET INCOME PER SHARE OF CLASS A COMMON STOCK - Narrative (Details)	Jan. 01, 2022$ / sharesshares	Dec. 31, 2021$ / sharesshares	Dec. 30, 2021shares	Mar. 09, 2021vote	Dec. 31, 2021USD ($)grantvote$ / sharesshares	Dec. 31, 2020$ / sharesshares	Dec. 31, 2019	Feb. 07, 2022$ / sharesshares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Number of votes | vote				1
AGM Shares issued in exchange		10	10
Subsequent Event
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Common stock, par value (in USD per share) | $ / shares	$ 0.00001
Class A Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Conversion ratio of AOG units (in shares)		1			1
Shares outstanding (in shares)		248,896,649			248,896,649	228,873,449
Common stock, par value (in USD per share) | $ / shares		$ 0.00001			$ 0.00001	$ 0.00001
AGM Shares issued in exchange		10	10
Class A Common Stock | Subsequent Event
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Shares outstanding (in shares)								1,000
Common stock, par value (in USD per share) | $ / shares								$ 0.00001
AGM Shares issued in exchange	1
Class B Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Conversion ratio of AOG units (in shares)		1			1
Shares outstanding (in shares)		0	1		0	1
Common stock, par value (in USD per share) | $ / shares		$ 0.00001			$ 0.00001	$ 0.00001
Number of votes | vote					1
Class B common stock net income (loss) | $					$ 0
Class B common stock distribution or liquidation rights (in shares)					0
Class B voting power, percent of voting rights					0.00%	47.20%	44.70%
Class B Common Stock | Subsequent Event
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
AGM Shares issued in exchange	1
RSUs
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Number of types of grants | grant					3
Vesting period					3 years
RSUs | Plan Grants | Minimum
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Vesting period					1 year
RSUs | Plan Grants | Maximum
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Vesting period					6 years
RSUs | Bonus Grants
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Vesting period					3 years
RSUs | Performance Grants | Minimum
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Vesting period					3 years
RSUs | Performance Grants | Maximum
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Vesting period					5 years

NET INCOME PER SHARE OF CLASS_5

NET INCOME PER SHARE OF CLASS A COMMON STOCK - Weighted Average Shares Issued (Details) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Weighted average vested/unvested RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average vested RSUs (in shares)	1,725,294	479,603	430,748
Weighted average unvested units (in shares)	7,783,549	7,882,039
Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average unexercised options (in shares)	0	0	152,084
Apollo Operating Group (AOG) Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average unvested units (in shares)	166,601,194	175,303,111	195,124,877
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average unvested units (in shares)	927,991	1,129,452	959,069

EQUITY-BASED COMPENSATION - Wei

EQUITY-BASED COMPENSATION - Weighted Average Discounts (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Plan Grants
Class of Stock [Line Items]
Discount for the lack of distributions until vested	0.00%	0.10%	18.70%
Marketability discount for transfer restrictions	12.70%	9.40%	4.90%
Bonus Grants
Class of Stock [Line Items]
Marketability discount for transfer restrictions	3.50%	3.00%	4.10%
Performance Grants
Class of Stock [Line Items]
Discount for the lack of distributions until vested	7.30%	8.70%	14.00%
Marketability discount for transfer restrictions	5.60%	9.20%	5.90%

EQUITY-BASED COMPENSATION - RSU

EQUITY-BASED COMPENSATION - RSUs, Narrative (Details) - RSUs - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Granted (in shares)	11,406,160
Fair value of grants	$ 1,600	$ 192.5	$ 121.4
Fair value of fully-vested one-time grants in connect with compensation reset	$ 906.5
Plan Grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		500,000
Fair value of grants		$ 15.6
Plan Grants | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Plan Grants | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	6 years
Plan Grants | Vesting Period One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Bonus Grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Bonus Grants | Vesting Period One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Performance Grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		500,000
Performance Grants | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Performance Grants | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
Performance Grants | Certain Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	2,700,000	2,200,000
Fair value of grants	$ 142.7	$ 86.6
Performance Grants | Co-Presidents
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	2,000,000
Fair value of grants	$ 125.5
Yeah Over Year Growth Earnings Metrics | Certain Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	200,000	300,000
Fair value of grants	$ 7.5	$ 11.7

EQUITY-BASED COMPENSATION - R_2

EQUITY-BASED COMPENSATION - RSUs, Equity-based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	$ 1,180,663	$ 213,140	$ 189,648
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Actual forfeiture rate	0.70%	6.90%	2.10%
Equity-based compensation	$ 1,130,797	$ 173,199	$ 146,096
Performance Grants | RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	$ 103,694	$ 96,750	$ 71,438

EQUITY-BASED COMPENSATION - R_3

EQUITY-BASED COMPENSATION - RSUs Activity (Details) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)$ / sharesshares
RSUs
Unvested
Beginning balance (in shares)	8,978,393
Granted (in shares)	11,406,160
Forfeited (in shares)	(224,195)
Vested (in shares)	(4,731,942)
Ending balance (in shares)	15,428,416
Weighted Average Grant Date Fair Value
Beginning balance (in USD per share) | $ / shares	$ 31.89
Granted (in USD per share) | $ / shares	60.82
Forfeited (in USD per share) | $ / shares	44.03
Vested (in USD per share) | $ / shares	36.57
Issued (in USD per share) | $ / shares	0
Ending balance (in USD per share) | $ / shares	$ 51.67
Total Number of RSUs Outstanding
Beginning balance (in shares)	10,811,725
Granted (in shares)	26,228,625
Forfeited (in shares)	(236,329)
Vested (in shares)	4,731,942
Issued (in shares)	(5,399,054)
Ending balance (in shares)	31,404,967
Unrecognized equity-based compensation expense | $	$ 640.9
RSUs | Weighted Average
Total Number of RSUs Outstanding
Unrecognized equity-based compensation expense, period of recognition	3 years 4 months 24 days
RSUs | Vested
Unvested
Vested (in shares)	(4,731,942)
Total Number of RSUs Outstanding
Beginning balance (in shares)	1,833,332
Granted (in shares)	14,822,465
Forfeited (in shares)	(12,134)
Vested (in shares)	4,731,942
Issued (in shares)	(5,399,054)
Ending balance (in shares)	15,976,551
Performance Grant RSU
Unvested
Ending balance (in shares)	6,534,295
Bonus Grant RSU
Unvested
Ending balance (in shares)	1,971,086
Plan Grant RSUs
Unvested
Ending balance (in shares)	6,923,035

EQUITY-BASED COMPENSATION - Res

EQUITY-BASED COMPENSATION - Restricted Share Awards, Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of grants	$ 152.1	$ 30.7	$ 11.1

EQUITY-BASED COMPENSATION - R_4

EQUITY-BASED COMPENSATION - Restricted Share Awards Equity-based Compensation Expense and Actual Forfeiture Rates (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	$ 1,180,663	$ 213,140	$ 189,648
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Actual forfeiture rate	0.00%	3.60%	0.80%
Equity-based compensation	$ 30,240	$ 25,846	$ 17,095

EQUITY-BASED COMPENSATION - R_5

EQUITY-BASED COMPENSATION - Restricted Share Awards Activity (Details) - Restricted Stock $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)$ / sharesshares
Unvested
Beginning balance (in shares)	759,252
Granted (in shares)	1,188,207
Vested (in shares)	(477,458)
Issued (in shares)	(477,458)
Ending balance (in shares)	1,470,001
Weighted Average Grant Date Fair Value
Beginning balance (in USD per share) | $ / shares	$ 41.52
Granted (in USD per share) | $ / shares	68.34
Vested (in USD per share) | $ / shares	39.89
Issued (in USD per share) | $ / shares	60.62
Ending balance (in USD per share) | $ / shares	$ 63.73
Total Number of RSUs Outstanding
Beginning balance (in shares)	759,252
Granted (in shares)	2,225,945
Vested (in shares)	477,458
Issued (in shares)	(477,458)
Ending balance (in shares)	2,507,739
Unrecognized equity-based compensation expense | $	$ 72
Unrecognized equity-based compensation expense, period of recognition	2 years 2 months 12 days
Vested
Unvested
Vested (in shares)	(477,458)
Issued (in shares)	477,458
Total Number of RSUs Outstanding
Beginning balance (in shares)	0
Granted (in shares)	1,037,738
Vested (in shares)	477,458
Issued (in shares)	477,458
Ending balance (in shares)	1,037,738

EQUITY-BASED COMPENSATION -ARI

EQUITY-BASED COMPENSATION -ARI and AINV, RSUs, Management Fees, Equity-based Compensation Expense and Actual Forfeiture Rates (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	$ 1,180,663	$ 213,140	$ 189,648
ARI Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	2 years 4 months 24 days
ARI | ARI Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Management fees	$ 14,726	10,134	16,697
Equity-based compensation	$ 14,726	$ 10,134	$ 16,697
Actual forfeiture rate	1.20%	1.00%	1.20%

EQUITY-BASED COMPENSATION - ARI

EQUITY-BASED COMPENSATION - ARI Awards Activity (Details) - ARI Awards	12 Months Ended
	Dec. 31, 2021$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	2 years 4 months 24 days
Unvested
Beginning balance (in shares)	2,529,025
Granted (in shares)	1,323,487
Forfeited (in shares)	(44,891)
Vested (in shares)	(1,206,452)
Ending balance (in shares)	2,601,169
Weighted Average Grant Date Fair Value
Beginning balance (in USD per share) | $ / shares	$ 13.81
Granted (in USD per share) | $ / shares	13.20
Forfeited (in USD per share) | $ / shares	13.69
Delivered (in USD per share) | $ / shares	11.03
Vested (in USD per share) | $ / shares	14.97
Ending balance (in USD per share) | $ / shares	$ 12.98
Total Number of RSUs Outstanding
Beginning balance (in shares)	3,481,776
Granted (in shares)	1,323,487
Forfeited (in shares)	(44,891)
Delivered (in shares)	(1,023,308)
Vested (in shares)	1,206,452
Ending balance (in shares)	3,737,064
Vested
Unvested
Vested (in shares)	(1,206,452)
Total Number of RSUs Outstanding
Beginning balance (in shares)	952,751
Delivered (in shares)	(1,023,308)
Vested (in shares)	1,206,452
Ending balance (in shares)	1,135,895

EQUITY-BASED COMPENSATION - AIN

EQUITY-BASED COMPENSATION - AINV Awards Activity (Details) - AINV Awards	12 Months Ended
	Dec. 31, 2021$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	2 years 2 months 12 days
Unvested
Beginning balance (in shares)	298,601
Granted (in shares)	145,190
Forfeited (in shares)	0
Vested (in shares)	(209,679)
Ending balance (in shares)	234,112
Weighted Average Grant Date Fair Value
Beginning balance (in USD per share) | $ / shares	$ 11.32
Granted (in USD per share) | $ / shares	12.71
Forfeited (in USD per share) | $ / shares	0
Delivered (in USD per share) | $ / shares	13.83
Vested (in USD per share) | $ / shares	11.98
Ending balance (in USD per share) | $ / shares	$ 11.60
Total Number of RSUs Outstanding
Beginning balance (in shares)	432,790
Granted (in shares)	145,190
Forfeited (in shares)	0
Delivered (in shares)	(206,784)
Vested (in shares)	209,679
Ending balance (in shares)	371,196
Vested
Unvested
Vested (in shares)	(209,679)
Total Number of RSUs Outstanding
Beginning balance (in shares)	134,189
Delivered (in shares)	(206,784)
Vested (in shares)	209,679
Ending balance (in shares)	137,084

EQUITY-BASED COMPENSATION - Rec

EQUITY-BASED COMPENSATION - Reconciliation of Equity-Based Compensation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	$ 1,180,663	$ 213,140	$ 189,648
Non-Controlling Interests in Apollo Operating Group
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	8,704	7,575	12,355
Less other equity-based compensation awards	(8,704)	(7,575)	(12,355)
Capital increase related to equity-based compensation	0	0	0
Allocated to Apollo Global Management, Inc.
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	1,171,959	205,565	177,293
Less other equity-based compensation awards	(20,376)	(31,733)	(30,575)
Capital increase related to equity-based compensation	1,151,583	173,832	146,718
RSUs, share options and restricted share awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	1,160,235	197,072	161,995
RSUs, share options and restricted share awards | Non-Controlling Interests in Apollo Operating Group
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	$ 0	$ 0	$ 0
Non-Controlling Interest % in Apollo Operating Group	0.00%	0.00%	0.00%
RSUs, share options and restricted share awards | Allocated to Apollo Global Management, Inc.
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	$ 1,160,235	$ 197,072	$ 161,995
Other equity-based compensation awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	20,428	16,068	27,653
Other equity-based compensation awards | Non-Controlling Interests in Apollo Operating Group
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	$ 8,704	$ 7,575	$ 12,355
Non-Controlling Interest % in Apollo Operating Group	42.60%	47.10%	44.70%
Other equity-based compensation awards | Allocated to Apollo Global Management, Inc.
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	$ 11,724	$ 8,493	$ 15,298

EQUITY - Common Stock, Narrativ

EQUITY - Common Stock, Narrative (Details) - USD ($)	Jan. 01, 2022	Dec. 31, 2021	Dec. 30, 2021	Feb. 28, 2020	Jan. 31, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Feb. 07, 2022	Mar. 12, 2020
Class of Stock [Line Items]
AGM Shares issued in exchange		10	10
Increase in authorized repurchased amount					$ 250,000,000
Authorized common stock for repurchase (up to)					$ 500,000,000					$ 500,000,000
Repurchases and canceled amount						$ 299,352,000	$ 91,617,000	$ 110,726,000
Class A Common Stock
Class of Stock [Line Items]
AGM Shares issued in exchange		10	10
Shares issued (in shares)		248,896,649				248,896,649	228,873,449
Shares outstanding (in shares)		248,896,649				248,896,649	228,873,449
Stock repurchase, unused capacity										$ 80,000,000
Repurchase of Class A Common Stock (in shares)						3,370,851	2,735,546	3,453,901
Repurchases and canceled amount						$ 208,000,000	$ 90,700,000	$ 102,400,000
Class A Common Stock | Subsequent Event
Class of Stock [Line Items]
AGM Shares issued in exchange	1
Shares issued (in shares)									1,000
Shares outstanding (in shares)									1,000
Class B Common Stock
Class of Stock [Line Items]
Shares issued (in shares)		0				0	1
Shares outstanding (in shares)		0	1			0	1
Shares converted (in shares)			1
Class B Common Stock | Subsequent Event
Class of Stock [Line Items]
AGM Shares issued in exchange	1
Class C Common Stock
Class of Stock [Line Items]
Shares issued (in shares)		0				0	1
Shares outstanding (in shares)		0				0	1
Shares converted (in shares)			1
Class C Common Stock | Subsequent Event
Class of Stock [Line Items]
Shares issued (in shares)	1
Shares outstanding (in shares)	1
Athene Holding
Class of Stock [Line Items]
Equity interests issued (in shares)				29,154,519
Apollo Operating Group | Athene Holding
Class of Stock [Line Items]
Ownership percentage by noncontrolling owners		6.70%				6.70%

EQUITY - Class A Common Stock A

EQUITY - Class A Common Stock Activity (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Class of Stock [Line Items]
Issuance of shares of Class A Common Stock for equity-based awards (in shares)	2,754,567	3,396,637	2,799,810
Cash paid for tax liabilities	$ 140.6	$ 96.6	$ 56.6
Shares of Class A Common Stock issued in settlement of vested RSUs and share options exercised
Class of Stock [Line Items]
Issuance of shares of Class A Common Stock for equity-based awards (in shares)	5,399,054	4,897,743	4,640,072
Gross value of shares issued	$ 316	$ 226.6	$ 148.2
Reduction of shares of Class A Common Stock issued
Class of Stock [Line Items]
Issuance of shares of Class A Common Stock for equity-based awards (in shares)	(2,368,832)	(2,082,934)	(1,854,313)
Vesting period	3 years
Restricted shares forfeited (in shares)	224,195
Shares of Class A Common Stock purchased related to share issuances and forfeitures
Class of Stock [Line Items]
Issuance of shares of Class A Common Stock for equity-based awards (in shares)	(275,655)	581,828	14,051
Restricted shares forfeited (in shares)	0	54,597	10,550
Class A Common Stock | Reduction of shares of Class A Common Stock issued
Class of Stock [Line Items]
Restricted shares issued (in shares)	275,655	168,591	102,089
Class A Common Stock | Shares of Class A Common Stock purchased related to share issuances and forfeitures
Class of Stock [Line Items]
Restricted shares issued (in shares)	1,188,207	636,425	289,714
Common stock shares repurchased (in shares)	1,463,862	19,549	265,113

EQUITY - Preferred Stock Issuan

EQUITY - Preferred Stock Issuance, Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	Mar. 19, 2018	Mar. 07, 2017	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Sep. 05, 2019
Class of Stock [Line Items]
Issuance of preferred shares, net of issuance costs	$ 289.8	$ 264.4
Series A Preferred Share
Class of Stock [Line Items]
Preferred stock, shares issued		11,000,000
Dividend rate per annum		6.375%
Issuance of preferred shares, net of issuance costs		$ 275
Series B Preferred Share
Class of Stock [Line Items]
Preferred stock, shares issued	12,000,000
Dividend rate per annum	6.375%
Issuance of preferred shares, net of issuance costs	$ 300
Series A Preferred Stock
Class of Stock [Line Items]
Preferred stock, shares issued			11,000,000				11,000,000	11,000,000
Preferred stock, shares outstanding (in shares)			11,000,000				11,000,000	11,000,000
Dividends declared per share (in USD per share)			$ 0.398438	$ 0.398438	$ 0.398438	$ 0.398438
Series A Preferred Stock | AGM LLC
Class of Stock [Line Items]
Preferred stock, shares issued									1
Preferred stock, shares outstanding (in shares)									1
Preferred stock, liquidation preference (in USD per share)									$ 25
Series B Preferred Stock
Class of Stock [Line Items]
Preferred stock, shares issued			12,000,000				12,000,000	12,000,000
Preferred stock, shares outstanding (in shares)			12,000,000				12,000,000	12,000,000
Dividends declared per share (in USD per share)			$ 0.398438	$ 0.398438	$ 0.398438	$ 0.398438
Series B Preferred Stock | Equity, Redemption, Period One
Class of Stock [Line Items]
Redemption price (in USD per share)			25.50				$ 25.50
Required days notice							30 days
Number of days within occurrence							60 days
Series B Preferred Stock | AGM LLC
Class of Stock [Line Items]
Preferred stock, shares issued									1
Preferred stock, shares outstanding (in shares)									1
Preferred stock, liquidation preference (in USD per share)									$ 25
Preferred Stock
Class of Stock [Line Items]
Increase to distribution rate (as a percent)							5.00%
Preferred Stock | Equity, Redemption, Period Two
Class of Stock [Line Items]
Redemption price (in USD per share)			25				$ 25
Preferred Stock | Equity, Redemption, Period One
Class of Stock [Line Items]
Redemption price (in USD per share)			$ 25.25				$ 25.25
Required days notice							30 days
Number of days within occurrence							60 days

EQUITY - Schedule of Dividends

EQUITY - Schedule of Dividends and Distributions (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 15, 2021	Nov. 30, 2021	Sep. 15, 2021	Aug. 31, 2021	Jun. 15, 2021	May 28, 2021	Apr. 14, 2021	Feb. 26, 2021	Nov. 30, 2020	Aug. 31, 2020	May 29, 2020	Apr. 15, 2020	Feb. 28, 2020	Nov. 29, 2019	Sep. 26, 2019	Aug. 30, 2019	Aug. 15, 2019	May 31, 2019	Apr. 12, 2019	Feb. 28, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Class of Stock [Line Items]
Dividends/Distributions	$ 23,200	$ 216,700	$ 24,100	$ 216,400	$ 19,500	$ 216,400	$ 41,800	$ 260,600	$ 220,700	$ 212,100	$ 181,900	$ 43,000	$ 361,200	$ 201,600	$ 17,800	$ 201,400	$ 4,100	$ 185,200	$ 45,400	$ 226,600	$ 1,018,700	$ 1,018,900	$ 882,100
Noncontrolling Interest
Class of Stock [Line Items]
Distribution to Non-Controlling Interest Holders in the Apollo Operating Group	$ 23,200	$ 93,100	$ 24,100	$ 94,400	$ 19,500	$ 100,900	$ 41,800	$ 121,400	$ 104,000	$ 100,000	$ 85,700	$ 43,000	$ 155,600	$ 90,100	$ 17,800	$ 101,000	$ 4,100	$ 93,000	$ 45,400	$ 113,300	$ 518,400	$ 488,300	$ 464,700
Distribution made (in USD per share)							$ 0.15					$ 0.21							$ 0.18
Distributions made related with federal corporate estimated tax payments (in USD per share)	$ 0.13		$ 0.10		$ 0.08		0.03								$ 0.10		$ 0.02		0.04
Class A Common Stock
Class of Stock [Line Items]
Dividends per share of Class A Common Stock (in USD per share)	$ 0	$ 0.50	$ 0	$ 0.50	$ 0	$ 0.50	$ 0	$ 0.60	$ 0.51	$ 0.49	$ 0.42	$ 0	$ 0.89	$ 0.50	$ 0	$ 0.50	$ 0	$ 0.46	$ 0	$ 0.56	$ 2.10	$ 2.31	$ 2.02
Dividends/Distributions	$ 0	$ 123,600	$ 0	$ 122,000	$ 0	$ 115,500	$ 0	$ 139,200	$ 116,700	$ 112,100	$ 96,200	$ 0	$ 205,600	$ 111,500	$ 0	$ 100,400	$ 0	$ 92,200	$ 0	$ 113,300	$ 500,286	$ 530,576	$ 417,386
Distribution made (in USD per share)																					$ 2.10	$ 2.31	$ 2.02
Distribution Equivalents on Participating Securities
Class of Stock [Line Items]
Dividends/Distributions	$ 0	$ 3,900	$ 0	$ 3,900	$ 0	$ 4,000	$ 0	$ 5,100	$ 4,100	$ 4,000	$ 3,600	$ 0	$ 7,200	$ 4,400	$ 0	$ 4,400	$ 0	$ 4,100	$ 0	$ 5,000	$ 16,900	$ 18,900	$ 17,900

EQUITY - Interests in Consolida

EQUITY - Interests in Consolidated Entities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Net Income Attributable To Non-Controlling Interests In Consolidated Entities [Abstract]
Net income attributable to Non-Controlling Interests in consolidated entities	$ 2,429,404	$ 310,188	$ 693,650
Net Income Attributable To Non-Controlling Interests In The Apollo Operating Group [Abstract]
Net Income	4,267,895	466,802	1,536,843
Net income (loss) attributable to non-controlling interests	(2,429,404)	(310,188)	(693,650)
Net Income (Loss) Attributable to Parent	1,838,491	156,614	843,193
Adjustments [Abstract]
Income tax provision (benefit)	594,379	86,966	(128,994)
NYC UBT and foreign tax benefit	(32,516)	(26,549)	(15,890)
Net income (loss) in non-Apollo Operating Group entities	(1,838,491)	(156,614)	(843,193)
Total adjustments	519,822	10,190	(130,510)
Other comprehensive income (loss) attributable to Non-Controlling Interests	(28,730)	38,113	(7,496)
Comprehensive Income Attributable to Non-Controlling Interests	2,400,674	348,301	686,154
Series A Preferred Stock
Adjustments [Abstract]
Preferred Stock Dividends	(17,531)	(17,531)	(17,531)
Series B Preferred Stock
Adjustments [Abstract]
Preferred Stock Dividends	(19,125)	(19,125)	(19,125)
Other consolidated entities
Net Income Attributable To Non-Controlling Interests In Consolidated Entities [Abstract]
Net income attributable to Non-Controlling Interests in consolidated entities	411,554	114,992	25,749
Net Income Attributable To Non-Controlling Interests In The Apollo Operating Group [Abstract]
Net income (loss) attributable to non-controlling interests	(411,554)	(114,992)	(25,749)
Consolidated entities
Net Income Attributable To Non-Controlling Interests In Consolidated Entities [Abstract]
Net income attributable to Non-Controlling Interests in consolidated entities	417,692	118,378	30,504
Net Income Attributable To Non-Controlling Interests In The Apollo Operating Group [Abstract]
Net Income	4,370,025	358,614	1,375,829
Net income (loss) attributable to non-controlling interests	(417,692)	(118,378)	(30,504)
Net Income (Loss) Attributable to Parent	3,850,203	348,424	1,506,339
Adjustments [Abstract]
Net income (loss) in non-Apollo Operating Group entities	(3,850,203)	(348,424)	(1,506,339)
Interest in management companies and a co-investment vehicle
Net Income Attributable To Non-Controlling Interests In Consolidated Entities [Abstract]
Net income attributable to Non-Controlling Interests in consolidated entities	6,138	3,386	4,755
Net Income Attributable To Non-Controlling Interests In The Apollo Operating Group [Abstract]
Net income (loss) attributable to non-controlling interests	(6,138)	(3,386)	(4,755)
Apollo Operating Group
Net Income Attributable To Non-Controlling Interests In Consolidated Entities [Abstract]
Net income attributable to Non-Controlling Interests in consolidated entities	2,011,712	191,810	663,146
Net Income Attributable To Non-Controlling Interests In The Apollo Operating Group [Abstract]
Net income (loss) attributable to non-controlling interests	(2,011,712)	(191,810)	(663,146)
Net Income (Loss) Attributable to Parent	5,385	13,571	(51,030)
Adjustments [Abstract]
Net income (loss) in non-Apollo Operating Group entities	$ (5,385)	$ (13,571)	$ 51,030
Weighted average ownership percentage of Apollo Operating Group	45.10%	47.10%	48.40%

EQUITY - Redeemable Non-Control

EQUITY - Redeemable Non-Controlling Interests (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Redeemable Non-Controlling Interests [Roll Forward]
Balance at beginning of period	$ 782,702	$ 0
Net issuances of redeemable non-controlling interests	950,103	735,486
Accretion of redeemable non-controlling interests	37,229	47,216
Balance at end of period	$ 1,770,034	$ 782,702

RELATED PARTY TRANSACTIONS AN_3

RELATED PARTY TRANSACTIONS AND INTERESTS IN CONSOLIDATED ENTITIES - Due from and Due to Affiliates (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Due from Related Parties:
Total Due from Related Parties	$ 489,590	$ 462,383
Due to Related Parties:
Total Due to Related Parties	1,222,402	608,469
Due from/to credit funds
Due from Related Parties:
Total Due from Related Parties	248,886	183,992
Due to Related Parties:
Total Due to Related Parties	22,042	34,280
Due from/to credit funds | Sale of Investment
Due from Related Parties:
Total Due from Related Parties	$ 47,835
Due to Related Parties:
Due from related parties, repayment period	5 years
Due from private equity funds
Due from Related Parties:
Total Due from Related Parties	$ 20,157	21,169
Due to Related Parties:
Total Due to Related Parties	54,436	216,899
Due from real assets funds
Due from Related Parties:
Total Due from Related Parties	46,832	28,231
Due to Related Parties:
Total Due to Related Parties	27,652	47,060
Due from portfolio companies
Due from Related Parties:
Total Due from Related Parties	66,960	80,122
Due from Contributing Partners, employees and former employees
Due from Related Parties:
Total Due from Related Parties	106,755	148,869
Due to Former Managing Partners and Contributing Partners
Due to Related Parties:
Total Due to Related Parties	1,118,272	$ 310,230
Due to Former Managing Partners and Contributing Partners | Purchase of Limited Partnership Interests
Due to Related Parties:
Total Due to Related Parties	$ 569,600

RELATED PARTY TRANSACTIONS AN_4

RELATED PARTY TRANSACTIONS AND INTERESTS IN CONSOLIDATED ENTITIES - Tax Receivable Agreement (Details)	Apr. 14, 2021$ / shares	Mar. 09, 2021vote	Apr. 15, 2020$ / shares	Apr. 12, 2019$ / shares	Apr. 30, 2021USD ($)	Apr. 30, 2020USD ($)	Dec. 31, 2021USD ($)quarterly_installment	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Related Party Transaction [Line Items]
Percentage of amount of cash savings							15.00%
Recorded liability							$ 287,917,000	$ 68,801,000
Cash payment on tax receivable agreement					$ 39,900,000	$ 48,200,000	39,884,000	48,195,000	$ 37,234,000
Distribution to noncontrolling interests					$ 34,700,000	$ 43,000,000
Number of votes | vote		1
Cash payment, multiplier by outstanding units							3.66
Due to related parties							1,222,402,000	608,469,000
Due to Former Managing Partners and Contributing Partners
Related Party Transaction [Line Items]
Due to related parties							1,118,272,000	310,230,000
Purchase of Limited Partnership Interests | Due to Former Managing Partners and Contributing Partners
Related Party Transaction [Line Items]
Due to related parties							$ 569,600,000
Number of quarterly installments | quarterly_installment							13
Parent Company
Related Party Transaction [Line Items]
Gain (loss) from re measurement of tax receivable agreement liability							$ 9,600,000	$ 12,400,000	$ (50,300,000)
Noncontrolling Interest
Related Party Transaction [Line Items]
Distribution made (in USD per share) | $ / shares	$ 0.15		$ 0.21	$ 0.18
Due to Former Managing Partners and Contributing Partners
Related Party Transaction [Line Items]
Percentage of amount of cash savings							85.00%
Number of votes | vote		1
Cash payment, multiplier by outstanding units							$ 3.66
Cash payment, payable period							4 years

RELATED PARTY TRANSACTIONS AN_5

RELATED PARTY TRANSACTIONS AND INTERESTS IN CONSOLIDATED ENTITIES - Due from Contributing Partners, Employees and Former Employees (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Related Party Transactions [Abstract]
Loans to related party	$ 17.5	$ 17.5
Loans due upon liquidation of fund	$ 64.5	$ 124.1

RELATED PARTY TRANSACTIONS AN_6

RELATED PARTY TRANSACTIONS AND INTERESTS IN CONSOLIDATED ENTITIES - Indemnity (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Related Party Transactions [Abstract]
Indemnity liability	$ 13.2	$ 12.8

RELATED PARTY TRANSACTIONS AN_7

RELATED PARTY TRANSACTIONS AND INTERESTS IN CONSOLIDATED ENTITIES - Due to Credit, Private Equity and Real Estate Funds (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
General partner obligation	$ 81,176	$ 261,871
Credit
Related Party Transaction [Line Items]
General partner obligation	0	0
Private Equity
Related Party Transaction [Line Items]
General partner obligation	53,722	215,011
Real Assets
Related Party Transaction [Line Items]
General partner obligation	$ 27,454	$ 46,860

RELATED PARTY TRANSACTIONS AN_8

RELATED PARTY TRANSACTIONS AND INTERESTS IN CONSOLIDATED ENTITIES - Athene (Details) - USD ($) $ in Thousands	Sep. 20, 2018	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Asset threshold		$ 30,501,894	$ 23,669,084
Athene Holding
Related Party Transaction [Line Items]
Management fee rate		0.225%
Athene Holding | Revised Fee Agreement
Related Party Transaction [Line Items]
Management fee rate		0.15%
Asset threshold		$ 103,400,000
Athene Holding | Amended Fee Agreement
Related Party Transaction [Line Items]
Investment management agreement, subsequent period before termination election	2 years

RELATED PARTY TRANSACTIONS AN_9

RELATED PARTY TRANSACTIONS AND INTERESTS IN CONSOLIDATED ENTITIES - Sub-Allocation Fee Schedule (Details)	12 Months Ended
	Dec. 31, 2021
Related Party Transaction [Line Items]
Sub-allocation fees, maximum percentage of assets	10.00%
Core Assets
Related Party Transaction [Line Items]
Sub-Allocation Fees	0.065%
Core Plus Assets
Related Party Transaction [Line Items]
Sub-Allocation Fees	0.13%
Yield Assets
Related Party Transaction [Line Items]
Sub-Allocation Fees	0.375%
High Alpha Assets
Related Party Transaction [Line Items]
Sub-Allocation Fees	0.70%
Other Assets
Related Party Transaction [Line Items]
Sub-Allocation Fees	0.00%
Other Assets | Minimum
Related Party Transaction [Line Items]
Performance revenue, percentages	0.00%
Other Assets | Maximum
Related Party Transaction [Line Items]
Performance revenue, percentages	20.00%

RELATED PARTY TRANSACTIONS A_10

RELATED PARTY TRANSACTIONS AND INTERESTS IN CONSOLIDATED ENTITIES - Athene and Apollo Strategic Transaction (Details) - USD ($) $ in Millions	Feb. 28, 2020	Oct. 27, 2019	Dec. 31, 2021	Dec. 31, 2020
Athene Holding | Athene Holding
Related Party Transaction [Line Items]
Incremental interest purchased	17.00%
Ownership percentage	28.00%		28.40%	28.50%
Ownership percentage, including shares and warrants owned by related parties	35.00%
Athene Holding
Related Party Transaction [Line Items]
Equity interests issued (in shares)	29,154,519
Class A Common Share | Athene Holding
Related Party Transaction [Line Items]
Stock to be issued during period, shares	35,534,942
Purchases of investments	$ 350
Maximum number of days limit to share issuance		180 days
Minimum percentage of issued and outstanding shares		35.00%
Percentage increase in issued and outstanding shares		5.00%
Share conversion ratio		1

RELATED PARTY TRANSACTIONS A_11

RELATED PARTY TRANSACTIONS AND INTERESTS IN CONSOLIDATED ENTITIES - Liquidity Agreement (Details)	12 Months Ended
	Dec. 31, 2021USD ($)
Liquidity Agreement | Class A Common Stock
Related Party Transaction [Line Items]
Exchange of AOG Units for Class A Common Stock	$ 50,000,000

RELATED PARTY TRANSACTIONS A_12

RELATED PARTY TRANSACTIONS AND INTERESTS IN CONSOLIDATED ENTITIES - Athora (Details) $ in Millions	Dec. 31, 2021USD ($)
Athora | Equity Investments | Advisory Services | Affiliated Entity
Related Party Transaction [Line Items]
Other commitment	$ 466.3

RELATED PARTY TRANSACTIONS A_13

RELATED PARTY TRANSACTIONS AND INTERESTS IN CONSOLIDATED ENTITIES - Performance Allocations and Revenues Earned (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Net change in unrealized gains (losses) due to changes in fair value	$ 2,611,141	$ (457,568)	$ 138,109
Athene, Athora and AAA Investments
Related Party Transaction [Line Items]
Revenues earned in aggregate from Athene, Athora and AAA Investments, net	3,684,602	332,474	788,066
Net change in unrealized gains (losses) due to changes in fair value	$ 2,600,000	$ (456,300)	$ 137,200

RELATED PARTY TRANSACTIONS A_14

RELATED PARTY TRANSACTIONS AND INTERESTS IN CONSOLIDATED ENTITIES - AAA Investments Credit Agreement (Details) - AAA Investment Credit Agreement - USD ($)	Apr. 30, 2015	Dec. 31, 2019
Related Party Transaction [Line Items]
Maximum advance	$ 10,000,000
Commitment fee on advance (as a percent)	0.125%
Payment period following initial public stock offering	15 months
Advances to affiliate		$ 8,700,000
LIBOR
Related Party Transaction [Line Items]
Spread on advance (as a percent)	1.50%

RELATED PARTY TRANSACTIONS A_15

RELATED PARTY TRANSACTIONS AND INTERESTS IN CONSOLIDATED ENTITIES - Investment in SPACs (Details) - Affiliated Entity - IPO - USD ($) $ in Millions	Jul. 13, 2021	Feb. 12, 2021	Oct. 06, 2020
Apollo Strategic Growth Capital (ASPG I)
Related Party Transaction [Line Items]
Sale of stock, capital from third party investors			$ 816.8
Proceeds from sale of warrants			$ 18.3
APSG II
Related Party Transaction [Line Items]
Sale of stock, capital from third party investors		$ 690
Proceeds from sale of warrants		$ 15.6
Acropolis
Related Party Transaction [Line Items]
Sale of stock, capital from third party investors	$ 345
Proceeds from sale of warrants	$ 8.8

RELATED PARTY TRANSACTIONS A_16

RELATED PARTY TRANSACTIONS AND INTERESTS IN CONSOLIDATED ENTITIES - Financial Information of SPACs in Aggregate (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Assets:
Cash and cash equivalents	$ 917,183	$ 1,555,517	$ 1,556,202
Restricted cash and cash equivalents	707,885	17,708	19,779
U.S. Treasury securities, at fair value	1,687,105	816,985
Due from related parties	489,590	462,383
Other assets	585,901	364,963
Total Assets	30,501,894	23,669,084
Liabilities:
Accounts payable and accrued expenses	145,054	119,982
Due to related parties	1,222,402	608,469
Other liabilities	500,980	295,612
Total Liabilities	18,537,494	17,373,119
Redeemable non-controlling interests	1,770,034	782,702	0
Apollo Global Management, Inc. Stockholders’ Equity:
Additional paid in capital	2,096,403	877,173
Retained earnings	1,143,899	0
Total Stockholders’ Equity	10,194,366	5,513,263	$ 3,038,127	$ 2,451,840
Total Liabilities, Redeemable non-controlling interests and Stockholders’ Equity	30,501,894	23,669,084
Consolidated Variable Interest Entities
Assets:
Other assets	251,581	290,264
Liabilities:
Other liabilities	781,482	773,045
Consolidated Variable Interest Entities | APSG I, APSGII and Acropolis
Assets:
Cash and cash equivalents	1,796	259
Restricted cash and cash equivalents	690,205	0
U.S. Treasury securities, at fair value	1,162,299	816,985
Due from related parties	(9,346)	(3)
Other assets	2,627	1,118
Total Assets	1,847,581	818,359
Liabilities:
Accounts payable and accrued expenses	2,361	198
Due to related parties	10,800	1,871
Other liabilities	143,778	28,588
Total Liabilities	156,939	30,657
Redeemable non-controlling interests	1,762,282	782,702
Apollo Global Management, Inc. Stockholders’ Equity:
Additional paid in capital	(98,369)	(12,928)
Retained earnings	26,729	17,928
Total Stockholders’ Equity	(71,640)	5,000
Total Liabilities, Redeemable non-controlling interests and Stockholders’ Equity	$ 1,847,581	$ 818,359

RELATED PARTY TRANSACTIONS A_17

RELATED PARTY TRANSACTIONS AND INTERESTS IN CONSOLIDATED ENTITIES - Financial Information of SPACs in Aggregate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Expenses:
Interest expense	$ 139,090	$ 133,239	$ 98,369
General, administrative and other	476,998	354,217	330,342
Total Expenses	4,114,230	1,577,964	1,691,280
Other Income (Loss):
Net gains (losses) from investment activities	2,610,903	(455,487)	138,154
Interest income	4,255	14,999	35,522
Other income (loss), net	(147,541)	20,832	(46,307)
Total Other Income (Loss)	3,024,906	(222,287)	167,280
Net Income Attributable to Apollo Global Management, Inc.	1,838,491	156,614	$ 843,193
APSG I, APSGII and Acropolis | Consolidated Variable Interest Entities
Expenses:
Interest expense	8	0
General, administrative and other	19,015	583
Total Expenses	19,023	583
Other Income (Loss):
Net gains (losses) from investment activities	3,446	35
Interest income	545	140
Other income (loss), net	(520)	0
Total Other Income (Loss)	3,471	175
Net Income Attributable to Apollo Global Management, Inc.	$ (15,552)	$ (408)

RELATED PARTY TRANSACTIONS A_18

RELATED PARTY TRANSACTIONS AND INTERESTS IN CONSOLIDATED ENTITIES - Other (Details) - Non-Profit Foundation Share Pledge shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)shares
Related Party Transaction [Line Items]
Contribution of shares (in shares) | shares	1.7
Related party transaction one time charge | $	$ 125.9

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Investment Commitments (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Other Commitments [Line Items]
Unfunded capital commitments	$ 1,000	$ 1,000
Fund IX
Other Commitments [Line Items]
Unfunded capital commitments	$ 227.3	$ 348

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Litigation and Contingencies (Details) $ / shares in Units, $ in Thousands, € in Millions	Oct. 19, 2021USD ($)$ / shares	Mar. 08, 2021USD ($)	Jun. 08, 2020defendantclaim	May 29, 2020defendant	Feb. 09, 2018EUR (€)	Dec. 21, 2017USD ($)defendant	Mar. 31, 2020defendant
United States District Court Middle District Of Florida Against AGM
Long-term Purchase Commitment [Line Items]
Damages sought | €					€ 30
Frank Funds v. Apollo Global Management | Officers And Employees
Long-term Purchase Commitment [Line Items]
Number of defendants							3
Vrajeshkumar Patel v. Talos Energy, Inc., Riverstone Holdings, LLC, AGM Inc., And Guggenheim Securities, LLC | Partners
Long-term Purchase Commitment [Line Items]
Number of defendants				2
Benjamin Fongers Against CareerBuilder, LLC And AGM Inc.
Long-term Purchase Commitment [Line Items]
Damages sought | $		$ 35
Stockholder Of AGM Vs. AGM Complaint | Director
Long-term Purchase Commitment [Line Items]
Payment of cash per AOG unit held (in dollars per unit) | $ / shares	$ 3.66
Funds provided for tax receivable agreement | $	$ 640,000
Harbinger Capital Partners II LP et al. v. Apollo Global Management Inc, et al. (No. 657515/2017)
Long-term Purchase Commitment [Line Items]
Damages sought | $						$ 1,900,000
Number of suits (in litigation) | claim			3
Harbinger Capital Partners II LP et al. v. Apollo Global Management Inc, et al. (No. 657515/2017) | SkyTerra
Long-term Purchase Commitment [Line Items]
Number of defendants			8
Harbinger Capital Partners II LP et al. v. Apollo Global Management Inc, et al. (No. 657515/2017) | Entities, Harbinger's Counterparties, TVCC One Six Holdings LLC
Long-term Purchase Commitment [Line Items]
Number of defendants			5
Harbinger Capital Partners II LP et al. v. Apollo Global Management Inc, et al. (No. 657515/2017) | Director
Long-term Purchase Commitment [Line Items]
Number of defendants						6
Harbinger Capital Partners II LP et al. v. Apollo Global Management Inc, et al. (No. 657515/2017) | Directors, Currently or Formerly Employed
Long-term Purchase Commitment [Line Items]
Number of defendants						5
Harbinger Capital Partners II LP et al. v. Apollo Global Management Inc, et al. (No. 657515/2017) | Executive Officer | SkyTerra
Long-term Purchase Commitment [Line Items]
Number of defendants			2
Harbinger Capital Partners II LP et al. v. Apollo Global Management Inc, et al. (No. 657515/2017) | Consultant | SkyTerra
Long-term Purchase Commitment [Line Items]
Number of defendants			1

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES - Summary of Fixed and Determinable Payments (Details) - Other long-term obligations $ in Thousands	Dec. 31, 2021USD ($)
Other Commitments [Line Items]
2022	$ 29,457
2023	1,152
2024	787
2025	682
2026	682
Thereafter	682
Total	$ 33,442

COMMITMENTS AND CONTINGENCIES_4

COMMITMENTS AND CONTINGENCIES - Contingent Obligations (Details)	Dec. 31, 2021USD ($)subsidiary	Dec. 31, 2020USD ($)
Variable Interest Entity [Line Items]
Unfunded contingent commitments	$ 1,000,000,000	$ 1,000,000,000
Underwriting Commitments | AGS
Variable Interest Entity [Line Items]
Number of subsidiaries | subsidiary	1
Commitment To Purchase Underlying Portfolio Investment
Variable Interest Entity [Line Items]
Other commitment	$ 510,000,000
Related party fund to backstop purchase commitment, threshold	500,000,000
Commitment To Purchase Underlying Portfolio Investment | AGS
Variable Interest Entity [Line Items]
Unfunded contingent commitments	0	$ 0
Consolidated Variable Interest Entities
Variable Interest Entity [Line Items]
Cumulative revenues recognized if existing investments become worthless	$ 4,400,000,000

COMMITMENTS AND CONTINGENCIES_5

COMMITMENTS AND CONTINGENCIES - Contingent Consideration (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Fair value of the contingent obligation	$ 125.9	$ 119.8

SEGMENT REPORTING - Narrative (

SEGMENT REPORTING - Narrative (Details)	12 Months Ended
	Dec. 31, 2021segment
Segment Reporting [Abstract]
Number of reportable segments	3

SEGMENT REPORTING - Reconciliat

SEGMENT REPORTING - Reconciliation of Revenue from Segments to Consolidated (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Performance fees	$ 3,050,092	$ 310,479	$ 1,057,139
Fee Related Revenues	5,951,598	2,354,019	2,931,849
Salary, bonus and benefits	(778,798)	(628,057)	(514,513)
General, administrative and other	(476,998)	(354,217)	(330,342)
Placement fees	(4,762)	(1,810)	(1,482)
Fee Related Expenses	(4,114,230)	(1,577,964)	(1,691,280)
Other income (loss), net of Non-Controlling Interest	(147,541)	20,832	(46,307)
Segment Distributable Earnings	2,241,423	1,019,480	1,214,427
Assets	30,501,894	23,669,084
Management fees
Segment Reporting Information [Line Items]
Revenues	1,920,946	1,686,973	1,575,814
Advisory and transaction fees, net
Segment Reporting Information [Line Items]
Revenues	302,379	249,482	123,644
Total reportable segment assets
Segment Reporting Information [Line Items]
Performance fees	56,865	9,836	21,110
Fee Related Revenues	4,231,408	2,209,725	2,299,504
Salary, bonus and benefits	(686,353)	(560,987)	(463,316)
General, administrative and other	(341,795)	(303,883)	(273,004)
Placement fees	(4,343)	(1,814)	(1,085)
Fee Related Expenses	(1,849,508)	(1,056,991)	(1,027,657)
Other income (loss), net of Non-Controlling Interest	(2,280)	(2,109)	4,537
Realized performance fees	1,589,074	280,923	602,106
Realized profit sharing expense	(817,017)	(190,307)	(290,252)
Net Realized Performance Fees	772,057	90,616	311,854
Realized principal investment income, net	409,151	22,851	65,697
Net interest loss and other	(138,197)	(134,514)	(65,326)
Segment Distributable Earnings	2,241,423	1,019,480	1,214,427
Assets	13,573,400	8,681,467
Total reportable segment assets | Management fees
Segment Reporting Information [Line Items]
Revenues	1,878,210	1,647,964	1,491,070
Total reportable segment assets | Advisory and transaction fees, net
Segment Reporting Information [Line Items]
Revenues	298,108	251,520	122,890
Total reportable segment assets | Fee Related Revenues, Expenses and Earnings
Segment Reporting Information [Line Items]
Fee Related Revenues	2,233,183	1,909,320	1,635,070
Fee Related Expenses	(1,032,491)	(866,684)	(737,405)
Fee Related Earnings	1,198,412	1,040,527	902,202
Total reportable segment assets | Credit Segment
Segment Reporting Information [Line Items]
Performance fees	56,865	9,836	21,110
Salary, bonus and benefits	(301,692)	(246,496)	(196,143)
General, administrative and other	(169,750)	(156,112)	(131,664)
Placement fees	(4,115)	(1,519)	(272)
Other income (loss), net of Non-Controlling Interest	(4,753)	(2,279)	54
Realized performance fees	262,677	188,441	169,611
Realized profit sharing expense	(141,898)	(128,842)	(93,675)
Net Realized Performance Fees	120,779	59,599	75,936
Realized principal investment income, net	255,408	8,375	8,764
Net interest loss and other	(56,088)	(56,200)	(21,997)
Segment Distributable Earnings	1,177,313	667,590	579,170
Assets	7,633,167	4,711,110
Total reportable segment assets | Credit Segment | Management fees
Segment Reporting Information [Line Items]
Revenues	1,128,994	934,852	779,266
Total reportable segment assets | Credit Segment | Advisory and transaction fees, net
Segment Reporting Information [Line Items]
Revenues	151,665	117,534	44,116
Total reportable segment assets | Credit Segment | Fee Related Revenues, Expenses and Earnings
Segment Reporting Information [Line Items]
Fee Related Revenues	1,337,524	1,062,222	844,492
Fee Related Expenses	(475,557)	(404,127)	(328,079)
Fee Related Earnings	857,214	655,816	516,467
Total reportable segment assets | Private Equity Segment
Segment Reporting Information [Line Items]
Performance fees	0	0	0
Salary, bonus and benefits	(255,291)	(204,211)	(184,403)
General, administrative and other	(114,054)	(96,385)	(99,098)
Placement fees	(188)	(295)	(812)
Other income (loss), net of Non-Controlling Interest	1,852	(75)	4,306
Realized performance fees	1,259,754	29,687	429,152
Realized profit sharing expense	(641,066)	(19,665)	(195,140)
Net Realized Performance Fees	618,688	10,022	234,012
Realized principal investment income, net	147,943	8,741	53,782
Net interest loss and other	(51,103)	(55,196)	(31,804)
Segment Distributable Earnings	959,299	293,804	570,501
Assets	5,067,882	3,244,513
Total reportable segment assets | Private Equity Segment | Management fees
Segment Reporting Information [Line Items]
Revenues	484,885	506,506	523,194
Total reportable segment assets | Private Equity Segment | Advisory and transaction fees, net
Segment Reporting Information [Line Items]
Revenues	126,567	124,697	71,324
Total reportable segment assets | Private Equity Segment | Fee Related Revenues, Expenses and Earnings
Segment Reporting Information [Line Items]
Fee Related Revenues	611,452	631,203	594,518
Fee Related Expenses	(369,533)	(300,891)	(284,313)
Fee Related Earnings	243,771	330,237	314,511
Total reportable segment assets | Real Assets Segment
Segment Reporting Information [Line Items]
Performance fees	0	0	0
Salary, bonus and benefits	(129,370)	(110,280)	(82,770)
General, administrative and other	(57,991)	(51,386)	(42,242)
Placement fees	(40)	0	(1)
Other income (loss), net of Non-Controlling Interest	621	245	177
Realized performance fees	66,643	62,795	3,343
Realized profit sharing expense	(34,053)	(41,800)	(1,437)
Net Realized Performance Fees	32,590	20,995	1,906
Realized principal investment income, net	5,800	5,735	3,151
Net interest loss and other	(31,006)	(23,118)	(11,525)
Segment Distributable Earnings	104,811	58,086	64,756
Assets	872,351	725,844
Total reportable segment assets | Real Assets Segment | Management fees
Segment Reporting Information [Line Items]
Revenues	264,331	206,606	188,610
Total reportable segment assets | Real Assets Segment | Advisory and transaction fees, net
Segment Reporting Information [Line Items]
Revenues	19,876	9,289	7,450
Total reportable segment assets | Real Assets Segment | Fee Related Revenues, Expenses and Earnings
Segment Reporting Information [Line Items]
Fee Related Revenues	284,207	215,895	196,060
Fee Related Expenses	(187,401)	(161,666)	(125,013)
Fee Related Earnings	$ 97,427	$ 54,474	$ 71,224

SEGMENT REPORTING - Reconcili_2

SEGMENT REPORTING - Reconciliation of Consolidated to Reportable Segment Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Revenues	$ 5,951,598	$ 2,354,019	$ 2,931,849
Performance fees	(3,050,092)	(310,479)	(1,057,139)
Principal investment income	(649,117)	(81,702)	(166,527)
Segment Reconciling Items
Segment Reporting Information [Line Items]
Equity awards granted by unconsolidated related parties, reimbursable expenses and other	(137,992)	(118,240)	(102,672)
Adjustments related to consolidated funds and VIEs	146,380	78,296	12,854
Performance fees	(3,054,712)	(315,719)	(1,036,688)
Principal investment income	(672,091)	(89,036)	(170,273)
Realized performance fees	1,589,074	280,923	602,106
Realized principal investment income, net and other	409,151	19,482	62,328
Segment Reconciling Items | Fee Related
Segment Reporting Information [Line Items]
Revenues	2,233,183	1,909,320	1,635,070
Total reportable segment assets
Segment Reporting Information [Line Items]
Revenues	4,231,408	2,209,725	2,299,504
Performance fees	(56,865)	(9,836)	(21,110)
Realized performance fees	1,589,074	280,923	602,106
Total reportable segment assets | Fee Related
Segment Reporting Information [Line Items]
Revenues	$ 2,233,183	$ 1,909,320	$ 1,635,070

SEGMENT REPORTING - Reconcili_3

SEGMENT REPORTING - Reconciliation of Consolidated to Reportable Segment Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Benefits and expenses	$ 4,114,230	$ 1,577,964	$ 1,691,280
Equity-based compensation	(1,180,663)	(213,140)	(189,648)
Total profit sharing expense	(1,533,919)	(247,501)	(556,926)
Dividend-related compensation expense	(26,392)	(3,700)	(16,000)
Segment Reconciling Items
Segment Reporting Information [Line Items]
Equity awards granted by unconsolidated related parties, reimbursable expenses and other	(159,332)	(110,669)	(103,292)
Reclassification of interest expenses	(139,090)	(133,239)	(98,369)
Transaction-related charges, net	(34,591)	(39,186)	(49,213)
Merger-related transaction and integration costs	(66,848)	0	0
Charges associated with corporate conversion	0	(3,893)	(21,987)
Equity-based compensation	(79,777)	(67,852)	(70,962)
One-time equity-based compensation and other charges	(949,152)	0	0
Total profit sharing expense	(1,626,557)	(352,741)	(594,052)
Realized profit sharing expense	817,017	190,307	290,252
Segment Reconciling Items | Fee Related
Segment Reporting Information [Line Items]
Benefits and expenses	1,032,491	866,684	737,405
Total reportable segment assets
Segment Reporting Information [Line Items]
Benefits and expenses	1,849,508	1,056,991	1,027,657
Realized profit sharing expense	817,017	190,307	290,252
Total reportable segment assets | Fee Related
Segment Reporting Information [Line Items]
Benefits and expenses	$ 1,032,491	$ 866,684	$ 737,405

SEGMENT REPORTING - Reconcili_4

SEGMENT REPORTING - Reconciliation of Consolidated to Reportable Segment Other Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Total Consolidated Other Income (Loss)	$ 3,024,906	$ (222,287)	$ 167,280
(Gain) loss from change in tax receivable agreement liability	(9,609)	(12,426)	50,307
Net (gains) losses from investment activities	(2,610,903)	455,487	(138,154)
Other Income (Loss), net of Non-Controlling Interest	(147,541)	20,832	(46,307)
Segment Reconciling Items
Segment Reporting Information [Line Items]
Adjustments related to consolidated funds and VIEs	(555,410)	(193,868)	(38,607)
(Gain) loss from change in tax receivable agreement liability	(9,609)	(12,426)	50,307
Net (gains) losses from investment activities	(2,610,232)	452,973	(138,117)
Interest income and other, net of Non-Controlling Interest	148,065	(26,501)	(36,326)
Other Income (Loss), net of Non-Controlling Interest	(2,280)	(2,109)	4,537
Net interest loss and other	(138,197)	(131,145)	(61,957)
Total Segments
Segment Reporting Information [Line Items]
Total Consolidated Other Income (Loss)	(140,477)	(133,254)	(57,420)
Other Income (Loss), net of Non-Controlling Interest	(2,280)	(2,109)	4,537
Net interest loss and other	$ (138,197)	$ (134,514)	$ (65,326)

SEGMENT REPORTING - Reconcili_5

SEGMENT REPORTING - Reconciliation of Income (Loss) Before Income Tax Provision to Economic Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Income before income tax provision	$ 4,862,274	$ 553,768	$ 1,407,849
(Gain) loss from change in tax receivable agreement liability	(9,609)	(12,426)	50,307
Net income attributable to Non-Controlling Interests in consolidated entities	(2,429,404)	(310,188)	(693,650)
Equity-based compensation	1,180,663	213,140	189,648
Unrealized net (gains) losses from investment activities and other	(2,611,141)	457,568	(138,109)
Segment Distributable Earnings	2,241,423	1,019,480	1,214,427
Segment Reconciling Items
Segment Reporting Information [Line Items]
Transaction-related charges	34,591	39,186	49,213
Merger-related transaction and integration costs	66,848	0	0
Charges associated with corporate conversion	0	3,893	21,987
(Gain) loss from change in tax receivable agreement liability	(9,609)	(12,426)	50,307
Net income attributable to Non-Controlling Interests in consolidated entities	(417,692)	(118,378)	(30,504)
Unrealized performance fees	(1,464,502)	(34,796)	(434,582)
Unrealized profit sharing expense	648,882	33,350	207,592
Equity-based profit sharing expense and other	145,754	129,084	96,208
Equity-based compensation	79,777	67,852	70,962
One-time equity-based compensation and other charges	949,152	0	0
Unrealized principal investment income	(221,645)	(62,485)	(88,576)
Unrealized net (gains) losses from investment activities and other	$ (2,432,407)	$ 420,432	$ (136,029)

SEGMENT REPORTING - Reconcili_6

SEGMENT REPORTING - Reconciliation of Reportable Segments to Total Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Assets	$ 30,501,894	$ 23,669,084
Total reportable segment assets
Segment Reporting Information [Line Items]
Assets	13,573,400	8,681,467
Adjustments
Segment Reporting Information [Line Items]
Assets	$ 16,928,494	$ 14,987,617

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)

Feb. 11, 2022$ / shares

Jan. 01, 2022$ / shares

Dec. 15, 2021$ / shares

Nov. 30, 2021$ / shares

Sep. 15, 2021$ / shares

Aug. 31, 2021$ / shares

Jun. 15, 2021$ / shares

May 28, 2021$ / shares

Apr. 14, 2021$ / shares

Feb. 26, 2021$ / shares

Nov. 30, 2020$ / shares

Aug. 31, 2020$ / shares

May 29, 2020$ / shares

Apr. 15, 2020$ / shares

Feb. 28, 2020$ / shares

Nov. 29, 2019$ / shares

Sep. 26, 2019$ / shares

Aug. 30, 2019$ / shares

Aug. 15, 2019$ / shares

May 31, 2019$ / shares

Apr. 12, 2019$ / shares

Feb. 28, 2019$ / shares

Mar. 19, 2018

Mar. 07, 2017

Dec. 31, 2021$ / sharesshares

Sep. 30, 2021$ / shares

Jun. 30, 2021$ / shares

Mar. 31, 2021$ / shares

Dec. 31, 2021$ / sharesshares

Dec. 31, 2020$ / sharesshares

Dec. 31, 2019$ / shares

Feb. 15, 2022$ / sharesshares

Feb. 07, 2022$ / sharesshares

AHL Merger

Subsequent Event [Line Items]

Exchange ratio

1.149

Class A Common Stock

Subsequent Event [Line Items]

Dividends declared per share (in USD per share)

$ 0

$ 0.50

$ 0

$ 0.50

$ 0

$ 0.50

$ 0

$ 0.60

$ 0.51

$ 0.49

$ 0.42

$ 0

$ 0.89

$ 0.50

$ 0

$ 0.50

$ 0

$ 0.46

$ 0

$ 0.56

$ 2.10

$ 2.31

$ 2.02

Common stock, par value (in USD per share)

$ 0.00001

$ 0.00001

$ 0.00001

Common stock, shares authorized (in shares) | shares

90,000,000,000

90,000,000,000

90,000,000,000

Shares issued (in shares) | shares

248,896,649

248,896,649

228,873,449

Shares outstanding (in shares) | shares

248,896,649

248,896,649

228,873,449

Series A Preferred Stock

Subsequent Event [Line Items]

Dividends declared per share (in USD per share)

$ 0.398438

$ 0.398438

$ 0.398438

$ 0.398438

Series B Preferred Stock

Subsequent Event [Line Items]

Dividends declared per share (in USD per share)

$ 0.398438

$ 0.398438

$ 0.398438

$ 0.398438

Series A Preferred Share

Subsequent Event [Line Items]

Dividend rate per annum

6.375%

Series B Preferred Share

Subsequent Event [Line Items]

Dividend rate per annum

6.375%

Subsequent Event

Subsequent Event [Line Items]

Common stock, par value (in USD per share)

$ 0.00001

Conversion right

1

Number of securities called by warrants (in shares) | shares

13,000,000

Exercise price of warrants (in USD per share)

$ 82.80

Number of warrants exercisable (in shares) | shares

2,600,000

Subsequent Event | AHL Merger

Subsequent Event [Line Items]

Exchange ratio

1.149

Subsequent Event | AAM Merger

Subsequent Event [Line Items]

Conversion right

10

Subsequent Event | Class A Common Stock

Subsequent Event [Line Items]

Dividends declared per share (in USD per share)

$ 0.40

Common stock, par value (in USD per share)

$ 0.00001

Common stock, shares authorized (in shares) | shares

40,000,000

Shares issued (in shares) | shares

1,000

Shares outstanding (in shares) | shares

1,000

Subsequent Event | Class A Common Stock | AAM Merger

Subsequent Event [Line Items]

Conversion right

10

Subsequent Event | Class A Common Stock | AHM

Subsequent Event [Line Items]

Common stock, par value (in USD per share)

$ 0.001

Subsequent Event | Series A Preferred Stock

Subsequent Event [Line Items]

Dividends declared per share (in USD per share)

$ 0.398438

Subsequent Event | Noncumulative Series A Preferred Stock | AHL

Subsequent Event [Line Items]

Dividend rate per annum

6.35%

Subsequent Event | Noncumulative Series B Preferred Stock | AHL

Subsequent Event [Line Items]

Dividend rate per annum

5.625%

Subsequent Event | Noncumulative Series C Preferred Stock | AHL

Subsequent Event [Line Items]

Dividend rate per annum

6.375%

Subsequent Event | Noncumulative Series D Preferred Stock | AHL

Subsequent Event [Line Items]

Dividend rate per annum

4.875%

Subsequent Event | Series A Preferred Share

Subsequent Event [Line Items]

Dividend rate per annum

6.375%

Subsequent Event | Series B Preferred Share

Subsequent Event [Line Items]

Dividend rate per annum

6.375%

SUBSEQUENT EVENTS - Preliminary

SUBSEQUENT EVENTS - Preliminary Purchase Price (Details) - AHL Merger $ / shares in Units, shares in Thousands, $ in Millions	Jan. 01, 2022USD ($)$ / sharesshares
Subsequent Event [Line Items]
Exchange ratio	1.149
Subsequent Event
Subsequent Event [Line Items]
AHL shares purchased (in shares) | shares	138,000
Exchange ratio	1.149
AGM Shares issued in exchange | shares	158,000
AGM Class A share closing price on December 31, 2021 (in USD per share) | $ / shares	$ 72.43
Total preliminary purchase price	$ 11,455
Fair value of estimated RSUs, options, and warrants assumed, and other equity considerations	710
Total purchase price	12,165
Value of shares previously purchased	$ 54.6