Rick Caruso Age and Early Life
Rick Caruso was born on January 14, 1959, making him 66 years old as of the latest public records. He was raised in Los Angeles, California, and grew up in a family deeply involved in real estate and business Forbes profile. His early exposure to property development shaped his long-term career in real estate and urban planning.
Caruso attended the University of Southern California, where he earned a degree in business administration. He later obtained a Juris Doctor from Pepperdine University School of Law. These educational foundations supported his transition from law into large-scale real estate development.
Rick Caruso Net Worth and Major Developments
Rick Caruso's net worth is estimated at around $4.5 billion according to recent Forbes data, driven by his ownership of Caruso Affiliated, a premier real estate development company Forbes net worth. His firm has built some of the most recognized retail and mixed-use properties in Southern California.
Key Properties and Projects
Among his most notable projects is The Grove at Farmers Market, a high-end shopping and entertainment complex in Los Angeles. He also developed Americana Manhasset and The Commons at Calabasas, both of which are landmark retail destinations. These projects reflect his focus on luxury, walkable, and experiential urban design.
Rick Caruso Career Highlights and Public Roles
Real Estate Leadership
Caruso serves as the founder and CEO of Caruso Affiliated, which manages a portfolio of premium retail, office, and residential properties. His company is known for securing long-term ground leases and partnering with major luxury brands SEC filings.
Philanthropy and Education
Rick Caruso has served as a trustee and significant donor to the University of Southern California, where the USC Caruso School of Law is named in his honor. He has also chaired the Los Angeles Police Commission and the Los Angeles Department of Water and Power Board, reflecting his extensive civic involvement USC official site.
Political and Civic Engagement
Caruso ran for Mayor of Los Angeles in 2022, focusing on public safety, homelessness, and infrastructure. While he did not win the election, his campaign highlighted his commitment to civic reform and economic development in the city.
