Bruce Karsh

About Bruce Karsh

Who is it?: President, Oaktree Capital Group LLC
Birth Day: October 10, 1955
Birth Place: Los Angeles, California, United States
Birth Sign: Scorpio
Alma mater: Duke University (B.A.) University of Virginia (J.D.)
Occupation: Co-Chairman and CIO, Oaktree Capital Management Chairman, Tribune Media

Bruce Karsh Net Worth

Bruce Karsh was bornon October 10, 1955 in Los Angeles, California, United States, is President, Oaktree Capital Group LLC. Bruce Karsh cofounded Los Angeles-based private equity firm Oaktree Capital Management with longtime business partner Howard Marks in 1995. Karsh still runs the company, which went public in 2012, as its co-chairman. A leading debt investor, Oaktree boasts $100 billion in assets under management, two thirds of which is invested in corporate or distressed debt. A Duke alum, he helps funds scholarships there for students from countries such as Ethiopia, Romania and Pakistan.
Bruce Karsh is a member of Investments

💰 Net worth: $1.96 Billion (Updated at 22 June 2018)

2010 $1.15 Billion
2011 $1.6 Billion
2012 $1.4 Billion
2013 $1.9 Billion
2014 $2 Billion
2015 $2 Billion
2016 $1.9 Billion
2017 $2 Billion
2018 $1.97 Billion

Some Bruce Karsh images

Biography/Timeline

1955

Bruce A. Karsh was born in 1955 to a Jewish family, the son of David H. Karsh, and Roberta “Bobby” Karsh. In 1974, he graduated from Ladue Horton Watkins High School in St. Louis. In 1977, Karsh earned an A.B. degree in economics from Duke University where he graduated summa cum laude and was elected to Phi Beta Kappa. In 1980 he earned a J.D. from the University of Virginia School of Law, where he received the academic award Order of the Coif. While at the University of Virginia he served as notes Editor for the Virginia Law Review.

1987

In 1987, Broad's insurance company became a client of TCW Group. Shortly thereafter, Karsh was hired by Howard Marks to manage distressed debt at TCW. TCW's first distressed debt fund was started in 1988. Karsh served as Managing Director of TCW and managed the Special Credits Funds there.

1995

In April 1995, Karsh, Howard Marks, and three other employees at TCW left their firm to found Oaktree Capital Management. Karsh became a portfolio manager for Oaktree's Distressed Opportunities and Value Opportunities strategies and Chief Investment Officer for the firm.

1998

In 1998 Karsh and his wife started the charitable organization the Karsh Family Foundation, which has donated or committed over $200 million for education and scholarships across all levels. Among their recipients have been Teach for America and KIPP. Karsh is on the board of The Painted Turtle, a non-profit organization that operates a camp for children with life-threatening diseases in Los Angeles. The Foundation also helped fund a renovation project to create the Karsh Student Services Center at the University of Virginia Law School.

2005

The Karshes have given over $100 million to Duke University, almost all of which went to undergraduate financial aid. This included $12 million in 2005, $20 million in 2008, and $50 million in 2011 ($30 million for U.S. students and $20 million for international students).

2009

In 2009 he became Director of Charter Communications. Karsh is currently on the investment committee of the Broad Foundation and an Executive Board Member of the Golden State Warriors.

2019

Karsh joined the Board of Directors for Duke University’s investment management company (DUMAC) in 2002, and in July 2005 was appointed Chairman. He served on the Duke University Board of Trustees from 2003 to 2015 and is now Trustee Emeritus.