This paper gives a survey of wave dynamics in the Kerr space-time geometry, the mathematical model of a rotating black hole in equilibrium. After a brief introduction to the Kerr metric, we review the separability properties of linear wave equations for fields of general spin $s=0, 1/2, 1, 2$, corresponding to scalar, Dirac, electromagnetic fields and linearized gravitational waves. We give results on the long-time dynamics of Dirac and scalar waves, including decay rates for massive Dirac fields. For scalar waves, we give a rigorous treatment of superradiance and describe rigorously a mechanism of energy extraction from a rotating black hole. Finally, we discuss the open problem of linear stability of the Kerr metric and present partial results.