Company: APO
Filing Date: 2025-09-02
Form Type: 424B7
Source: 0000950142-25-002341
Chunk: 36

Company: Apollo Global Management, Inc.
Filing Date: 2025-09-02
Form: 424B7
Chunk 36
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or
group with non-guarantor subsidiaries for the year ended December 31, 2022 (in millions):

| Due from non-guarantor subsidiaries |     | 185 |
| Due to non-guarantor subsidiaries   |     | 151 |
| Intercompany revenue                |     | 764 |
| Intercompany other income (loss)    |     | 770 |

| 7 |

<div align='center'>RISK FACTORS</div>

Any investment in our securities involves a
high degree of risk. You should carefully consider the specific risks described in the 2022 10-K, and the various risk factors incorporated
by reference in the applicable prospectus supplement, together with all the other information contained in the applicable prospectus supplement
or incorporated by reference in this prospectus and the applicable prospectus supplement. See “Incorporation of Documents by Reference”
and “Where You Can Find More Information.” These risk factors may be amended, supplemented or superseded from time to time
in the applicable prospectus supplement and by other reports we file with the SEC in the future. If any of these risks were to occur,
the Company’s business, financial condition or operating results could be harmed, which may reduce our ability to pay dividends
on or redeem shares of our capital stock. In addition, the trading price of our securities may be adversely affected. You may lose all
or part of your investment.

| 8 |

<div align='center'>USE OF PROCEEDS</div>

We intend to use the net proceeds we receive
from the sale of the securities offered by this prospectus for general corporate purposes, unless we specify otherwise in the applicable
prospectus supplement. General corporate purposes may include additions to working capital, capital expenditures, repayment of debt, the
financing of possible acquisitions and investments or stock repurchases.

We will not receive any proceeds from the resale
of shares of our Common Stock by selling stockholders under this prospectus or any prospectus supplement.

| 9 |

<div align='center'>DESCRIPTION OF DEBT SECURITIES</div>

We may issue debt securities either separately,
or together with, or upon the conversion or exercise of or in exchange for, other securities described in this prospectus. The following
description of the terms of our senior debt securities and subordinated debt securities (together, the “debt securities”)
sets forth certain general terms and provisions of the debt securities to which any prospectus supplement may relate. Unless otherwise
noted