
Howard Marks’s estimated net worth
is $1.83 Billion
Biography of Howard Marks
Born on 22nd April 1946 in New York City, Howard Stanley Marks is a well-established investor and the co-founder of Oaktree Capital Management. Additionally, he is a published author, known for the book “The Most Important Thing: Uncommon Sense for the Thoughtful Investor”, released in 2011. His career commenced in 1969.
Howard Marks’ net worth reached an estimated $1.83 billion as of early 2017, acquired through his successful investment ventures.
Howard Marks’s Net Worth: $1.83 Billion
Howard’s educational journey started at the University of Pennsylvania’s Wharton School, where he graduated with honors in finance in 1967, accompanied by a minor in Japanese Studies. He then pursued an MBA in Accounting and Marketing from the University of Chicago’s Booth School of Business, where he was honored with the George Hay Brown Prize. In 1980, he relocated to Los Angeles, California, after initially residing in New York City.
His professional career began in the late 1960s at Citicorp, progressing from an equity research analyst to the Director of Research. He later joined TCW Group and served as the Chief Investment Officer for fixed income and the President of TCW Asset Management Company. In 1995, along with five others, he established Oaktree Capital Management, which experienced significant growth, propelling Howard into the millionaire and billionaire categories. Despite a crisis in 2008, the firm rebounded and further prospered.
Howard Marks married Nancy Freeman Marks and has one child with her, in addition to being a stepfather to Nancy’s child from a previous relationship. His past marriage details are scarce.
Displaying a commitment to philanthropy, Howard established the Howard S. Marks Terms Scholarship at the University of Pennsylvania in 1992, followed by the initiation of the Marks family Writing Center at the same university in 2009. He served as the chairman of the Trustees’ Investment Board at the University of Pennsylvania from 2000 to 2010, earning the position of Emeritus Trustee in 2016. Furthermore, Howard is involved with various cultural, educational, and charitable organizations and facilities, including the Metropolitan Museum of Art and Edmund Safra Foundation, among others.
Net Worth | $1.83 Billion |
Date Of Birth | April 22, 1946 |
Place Of Birth | New York City, New York, United States |
Profession | Writer |
Education | Booth School of Business (1969), Wharton School of the University of Pennsylvania (1967) |
Nationality | American |
Spouse | Nancy Freeman Marks |
IMDB | http://imdb.com/name/nm4866418 |
ncG1vNJzZmimlazAr7vWp6CgnaKerm%2B6xmifqK%2BRp7FuucCroqyrXayyorjToWSsrJGpwrR7