Rank #707
Rick Caruso
Net worth $5.9B
Real estate · United States
- Born
- Jan 07, 1959
- Age
- 67
- Source
- Real estate
- Residence
- Los Angeles, California
- Citizenship
- United States
- Marital status
- Married
- Children
- 4
- Education
- Doctor of Jurisprudence, Pepperdine University; Bachelor of Arts/Science, University of Southern California
Net worth over time
Biography
- Rick Caruso is a Los Angeles real estate developer who has built some of the country's most successful shopping centers.
- Caruso ran for mayor of Los Angeles in 2022 and advanced to the run-off, where he lost to former Democratic Rep. Karen Bass.
- Three of Caruso's retail centers--The Grove, The Americana and Palisades Village--rank among the 15 largest in the country in sales per square foot.
- The grandson of Italian immigrants, Caruso opened a retail center in 1992 and has more recently expanded into residential, office and hospitality.
- In 2020, Caruso served on both White House and state-level task forces on how to safely reopen the economy after Covid-19.
- In February 2025, he launched the nonprofit Steadfast LA with other business and community leaders to help rebuild areas destroyed by the 2025 Los Angeles wildfires.
- His father, Henry Caruso, founded Dollar-Rent-a-Car. As a teenager Rick washed cars at an airport rental center.
- Caruso served as president of the Los Angeles Police Commission and commissioner for the Los Angeles Department of Water and Power.