Rick Caruso

About Rick Caruso

Birth Day: January 07, 1959
Birth Place: Brentwood, California, United States
Birth Sign: Aquarius
Alma mater: University of Southern California Pepperdine University School of Law
Occupation: Businessman
Title: CEO
Spouse(s): Tina Caruso
Children: 4
Parent(s): Henry Caruso Gloria Caruso
Website: Caruso.com

Rick Caruso Net Worth

Rick Caruso was bornon January 07, 1959 in Brentwood, California, United States. Rick Caruso is a Los Angeles based real estate mega-developer who has built two of the country's most successful shopping centers. One of those centers, The Grove, gets an average of 49,000 daily visitors -- more than Disneyland. The grandson of Italian immigrants, Caruso opened his first real estate firm in 1992. He has been pondering a mayoral run for Los Angeles for years.
Rick Caruso is a member of Real Estate

💰 Net worth: $3.9 Billion (Updated at 22 June 2018)

2015 $3.5 Billion
2016 $3.7 Billion
2017 $3.8 Billion
2018 $3.95 Billion

Some Rick Caruso images

Famous Quotes:

What guides my strategy is my love for the human spirit and connecting what we do to how people live their lives. I never viewed it as a complicated formula.

Biography/Timeline

1980

Caruso received a bachelor of science degree from the University of Southern California in 1980, where he was a member of the Sigma Alpha Epsilon fraternity, and a law degree from the Pepperdine University School of Law in 1983 as a Margaret Martin Block Scholar. In 1995, he was recognized as the Alumnus of the Year by Pepperdine School of Law.

1985

In 1985, at the age of 26, Caruso was named by Mayor Tom Bradley to serve as a commissioner for the Los Angeles Department of Water and Power, becoming the youngest commissioner in the history of the city.

1987

In 1987, he founded Caruso, a company that develops, owns and manages properties such as The Grove at Farmers Market in Los Angeles, the Americana at Brand in Glendale, the Commons at Calabasas, the Promenade at Westlake, 8500 Burton Way and the Waterside Marina Del Rey.

1990

Caruso was a real-estate Lawyer in the corporate Finance department at Finley Kumble, but in 1990, he quit law to develop Retail and residential properties full-time.

1995

In 1995, Caruso was named Alumnus of the Year by Pepperdine School of Law.

2001

In August 2001, Caruso was appointed by Mayor James K. Hahn to the Los Angeles Board of Police Commissioners and was elected its President. In this role, he led the selection process that resulted in the hiring of former New York City police chief william Bratton as the Los Angeles chief of police. During Caruso's tenure as President of the Police Commission, the crime rate in Los Angeles dropped 37.3% from 2002 to 2006.

2008

In 2008, Caruso was elected to serve as a member of the Los Angeles Coliseum Commission, which oversees the operations of the Los Angeles Memorial Coliseum and nearby Los Angeles Memorial Sports Arena. During his tenure on the commission, Caruso advocated for its reform, including the resignation of its general manager, and the replacement of the commission itself with a new governing body. He advocated a ban on rave parties at the two venues.

2012

Caruso was named by the Los Angeles Business Journal as "Developer of the Year" and its 2012 Ernst & Young LLP Master Entrepreneur of the Year.

2013

In 2013, the Foundation pledged $5 million to Operation Progress, a Watts-based non-profit founded by Los Angeles Police Department officers, which will guide more than 200 students from elementary school through college graduation. The pledge creates a new "ecosystem of opportunity" led by Operation Progress in collaboration with three area Catholic schools, South Central Scholars, Helping Young People Excel, and STRIVE.

2015

In 2015, Caruso and his wife Tina donated a further $25 million to USC, to endow and name the USC Tina and Rick Caruso Department of Otolaryngology – Head and Neck Surgery. He sits on the board of the National Institute of Transplantation and is on the Board of Saint John’s Hospital and The California Medical Center Foundation.