Rick Caruso: The Billionaire Behind LA's Iconic Properties!
Ever wondered how a retail real estate developer can amass a fortune that rivals the GDP of a small nation? Rick Caruso, the name behind some of Southern California's most iconic shopping and lifestyle destinations, has done just that, transforming the landscape of Los Angeles and beyond with his innovative vision.
Rick Joseph Caruso, an American businessman, politician, and industrialist, has etched his name in the annals of real estate history. As the founder of Caruso, a company renowned for developing, owning, and managing properties, he's not just a developer; he's a creator of experiences. From the bustling Grove to the charming Americana at Brand and the elegant Palisades Village, Caruso's projects are more than just shopping centers; they are community hubs that redefine the retail landscape. While he may be widely recognized for his commercial success, his foray into politics, including his run for Los Angeles mayor in 2022 against Karen Bass, and his significant philanthropic endeavors, paints a portrait of a multifaceted individual deeply invested in the city he has helped shape.
| Rick Caruso: Biographical and Professional Overview | |
|---|---|
| Full Name | Rick Joseph Caruso |
| Birth Date | January 7, 1959 (Age 66 as of 2025) |
| Nationality | American |
| Occupation | Billionaire Businessman, Real Estate Developer, CEO of Caruso |
| Source of Wealth | Real Estate (Development and Management) |
| Net Worth (January 2025 est.) | Approximately $5.8 - $6 Billion (USD) |
| Company | Caruso (formerly Caruso Affiliated) |
| Key Projects | The Grove, Americana at Brand, Palisades Village |
| Political Involvement | Ran for Los Angeles Mayor in 2022 |
| Philanthropy | Supports education and healthcare initiatives in Los Angeles, including significant donations to Pepperdine School of Law and USC's Keck School of Medicine. |
| Education | University of Southern California (USC) - Degree in Business. |
| Family | Married with 4 children, including Gianna "Gigi" Caruso. |
| Residence | Primarily based in Los Angeles, with properties in Malibu, Brentwood, and Newport Beach, California. |
| Positions Held | Chair of the USC Board of Trustees, Former President of the LA Police Commission, Board of Water and Power Commissioners. |
| Social Media | Twitter: rick j. caruso (verified account) |
| Reference Link: Forbes Profile |
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