Rick J. Caruso Net Worth
Rick J. Caruso Net Worth is
$12 Million
Rick J. Caruso Bio/Wiki, Net Worth, Married 2018
Rick Joseph Caruso is creator and chief executive officer of Caruso Affiliated, among the biggest privately held real estate firms in America, having a portfolio of the retail and mixed-use properties that bring tens of millions of guests annually. He’s been an active La civic leader, serving as President of the Police Commission and Commissioner of the Los Angeles Department of Water and Power. In 2014, Caruso was recorded as among Los Angeles’ most affluent residents from the Los Angeles Business Journal, with a net worth of $3 billion.
Caruso was born in La. He worked briefly as a real estate attorney representing programmers but was soon brought to the company itself: He “stop practicing law and spent the next 15 years developing industrial buildings in California and elsewhere.” He’s married to Tina Caruso; the couple has four kids. Caruso started his professional career as a property attorney working at Finley Kumble as a part of its own corporate finance section. In 1990 he “stop practicing law” and chose to devote his energies to developing retail and residential properties fulltime. In 1987, Caruso founded Caruso Affiliated, a property development company which develops, owns and manages properties including the Grove at Farmers Market in La, the Americana at Brand in Glendale, The Commons at Calabasas, The Promenade at Westlake, as well as the Marina Waterside. Caruso has lectured on property problems in the Kennedy School of Public Administration at Harvard University, the University of Southern California School of Policy, Planning, and Development as well as the Milken Institute Global Conference. Caruso participates annually as a guest panelist for the International Council of Shopping Centers. In this function, he directed the selection procedure that resulted in the hiring of former NY Police Chief William Bratton as the La Chief of Police. During Caruso’s tenure as President of the Police Commission, the crime rate in Los Angeles fell 37.3% from 2002 to 2006.
