• Apollo Global Management average return on tangible equity for 2023 was 17.17, a 184.75% increase from 2022.
• Apollo Global Management average return on tangible equity for 2022 was -20.26, a 170.49% decline from 2021.
• Apollo Global Management average return on tangible equity for 2021 was 28.74, a 883.11% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.