Rank #534
Mark Walter
Net worth $7.3B
Finance, asset management · United States
- Born
- May 22, 1960
- Age
- 66
- Source
- Finance, asset management
- Residence
- Chicago, Illinois
- Citizenship
- United States
- Marital status
- Married
- Children
- 1
- Education
- Bachelor of Arts/Science, Creighton University; Doctor of Jurisprudence, Northwestern University
Net worth over time
Biography
- Mark Walter is CEO of investment firm Guggenheim Partners, which has more than $300 billion in assets under management.
- Walter helped found the firm in the late 1990s after he folded his Chicago-based company, Liberty Hampshire, into the Guggenheim family office.
- A yearlong SEC probe into Guggenheim over controversial real estate deals linked to Walter reportedly ended in 2019 with no penalty.
- Walter's personal investments include stakes in plant-based food maker Beyond Meat and online car vendor Carvana.
- In June, Walter agreed to buy a majority stake in the Los Angeles Lakers from the Buss family, in a deal valuing the team at approximately $10 billion.
- Walter, who earned a law degree from Northwestern University before going into finance, gave $40 million to the school in 2014.
- Walter and his wife, Kimbra, own a wildlife preserve in Florida that has a mix of threatened and endangered species.