The net worth of Rick Caruso amounts to
$3.5 Billion
Rick Caruso, a Business Tycoon
Rick Joseph Caruso, born in 1959 in Los Angeles, California, USA, is a billionaire businessman renowned as the founder, owner, and Chief Executive Officer of Caruso Affiliated, a company dedicated to the design, construction, and development of retail properties.
Have you ever pondered over the substantial wealth amassed by this talented entrepreneur? How affluent is Rick Caruso? According to sources, it is approximated that Rick Caruso’s net worth in early 2016 was $3.5 billion, which also includes Delta Marine Invictus, a 65-meter-long super luxury yacht. Yes, you read that right – three and a half billion!
Rick Caruso’s Net Worth of $3.5 Billion
Rick Caruso grew up in LA, as one of three children of Gloria and Henry Caruso, a businessman and the founder of Dollar Rent A Car. In addition to his American roots, Rick also has some Italian ancestry. His brother, Marc Caruso, is a music producer and the CEO and co-founder of Angry Mob Music Group. With a business acumen ingrained in him and guided by his father as a role model, it is unsurprising that Rick Caruso has made a name for himself in the business world.
Rick enrolled at the University of Southern California in his hometown, where in 1980, he graduated with a bachelor of science degree. He furthered his education and in 1983, he acquired a doctor of jurisprudence title from Pepperdine University School of Law in Malibu, California. Following this, he commenced his professional career as a real-estate lawyer in the corporate finance department of Finley, Kumble, Wagner, Underberg, Manley, Myerson & Casey, a New York-based law firm. This engagement laid the foundation for Rick Caruso’s subsequent colossal net worth.
However, after a few years, he relinquished his legal career and opted to pursue a career in real-estate development. In 1987, Rick Caruso founded Caruso Affiliated, now one of the largest private companies in the real estate business in the USA. Serving as the CEO, Caruso Affiliated offers real estate development services in shopping entertainment as well as residential destinations, frequented by over 40 million people annually. The company’s properties include flagship shopping centers such as The Grove at Farmers Market in LA, The Commons at Calabasas, The Promenade at Westlake, and The Americana at Brand in Glendale. Proficient management of the company has brought in millions for Rick Caruso and significantly boosted his net worth.
Prior to delving into the business realm, in 1985, Rick Caruso was appointed as the commissioner for the Los Angeles Department of Water and Power at the age of 25, making him the youngest person to hold that position in the city’s history. His unwavering commitment to public services and civic duties was acknowledged, and in 2001, Rick was appointed to the Los Angeles Board of Police Commissioners, subsequently being elected as its president. His leadership of the Police Commission between 2002 and 2006 resulted in a noteworthy decline in the city’s crime rate. Since 2008, Rick Caruso has also served as a member of the Los Angeles Coliseum Commission.
Rick Caruso’s passion, vision, and personal philanthropic endeavors, coupled with his expertise in the real estate domain, have led him to address real estate issues at Harvard University, the University of Southern California, and the Milken Institute Global Conference. Rick Caruso also participates annually as a guest panelist for the International Council of Shopping Centers.
His substantial net worth attests to Rick Caruso’s capabilities, and his industriousness has earned him numerous accolades for his properties, notably the International Council of Shopping Centers Gold Award in 2009. In 2012, he was hailed as the Developer of the Year by the Los Angeles Business Journal and received the 2012 Ernst & Young LLP Master Entrepreneur Of The Year Award for Greater Los Angeles.
In his personal life, Rick Caruso is married to Tina Caruso, with whom he has four children—three sons and a daughter. They currently reside in the Los Angeles area.
Besides being a successful businessman, Rick Caruso is also a philanthropist and a compassionate community member, deeply involved in numerous community organizations and charities, including Para Los Niños, St. John’s Health Center Foundation, The California Medical Center, and The National Institute of Transplantation. He has also made a donation of $25 million to the University of California.
| Full Name | Rick Caruso |
| Net Worth | $3.5 Billion |
| Date Of Birth | Los Angeles, California, United States |
| Place Of Birth | Los Angeles |
| Profession | Businessperson, CEO of Caruso Affiliated |
| Education | University of Southern California, Pepperdine University School of Law |
| Nationality | United States of America |
| Spouse | Tina Caruso |
| Children | Greg Caruso, Gianna Caruso, Alex Caruso, Justin Caruso |
| Parents | Henry Caruso, Gloria Caruso |
| Siblings | Cristina Caruso, Marc Caruso |
| http://www.twitter.com/rickcarusola | |
| http://www.linkedin.com/in/rickjcaruso | |
| IMDB | http://imdb.com/name/nm2599040 |
| Awards | Alumnus of the Year by Pepperdine School of Law (1995), International Council of Shopping Centers Gold Award (2009), Developer of the Year by the Los Angeles Business Journal (2012), “Ernst & Young LLP Master Entrepreneur Of The Year Award for Greater Los Angele” |
Self
| Title | Year | Status | Character |
|---|---|---|---|
| The Imagineering Story | Documentary filming | ||
| Designing Your Future | 2007 | TV Series | Himself |
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