Rick Caruso Net Worth – Biography, Personal Life, Career & More

Rick Caruso Net Worth - Biography, Personal Life, Career & More

He was born in Los Angeles, California, on January 7, 1959. His father Henry started Dollar Rent-A-Vehicle and owned a number of car businesses in Los Angeles.

Rick went to the University of Southern California and got his bachelor’s degree there. He then went on to study law at Pepperdine University. Rick worked briefly as a lawyer for developers in the real estate business, but he was getting more and more interested in getting into the business himself.

Rick Caruso Personal Life

Rick Caruso and his wife, Tina, have been blessed with four children.

What Is Rick Caruso’s Net Worth?

Rick Caruso is a billionaire American businessman with a fortune of $4 billion. Caruso is a real estate development business founded by Rick Caruso (formerly known as Caruso Affiliated). Caruso has built some of the most well-known shopping malls in Southern California. The Grove, Americana at Brand, Palisades Village, and Calabasas Commons are among his malls. Caruso was the youngest commissioner in the history of the Los Angeles Department of Water and Power before launching his company.

Rick Caruso launched his campaign for Mayor of Los Angeles in February 2022.

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Rick Caruso Career

In 1987, he was the founder of his own business. The subsequent fifteen years were devoted by him in the development of industrial structures and enterprises all over the state of California. The Grove at Farmers Market in Los Angeles and the Americana at Brand in Glendale are two examples of his early creations that are considered to be among his most successful.

Over the course of more than three years, Caruso Affiliated collaborated with Caesars in Las Vegas to provide design, merchandising, leasing, and strategy for the Linq, a one-of-a-kind retail and entertainment destination that stretches for a quarter-mile and is made up of 178,000 square feet of restaurants, bars, and clubs, 37,000 square feet of retail, and 70,000 square feet of entertainment venues. Caruso Affiliated provided consulting services for the project, which involved transforming a back alley on the Strip into a world-class retail attraction that was the first of its type. Caruso is going to be responsible for providing operational oversight and day-to-day management moving forward.

Caruso is now a member of the commission that runs the Los Angeles Coliseum. In addition to this, he is involved in a wide range of community groups, such as Para Los Ninos, which is a community resource in Southern California that helps local communities with education and child development. He also sits on the board of trustees for the University of Southern California’s School of Policy, Planning, and Development.

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Rick Caruso Real Estate

Rick purchased an oceanfront mansion in Malibu that was 7,000 square feet and cost him $11.3 million in February of 2008. In February of 2021, Rick put his home on the market with an asking price of $40 million. 

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