RICK CARUSO • Net Worth $4 Billion • House • Yacht • Private Jet • Caruso Affiliated

Name:Rick Caruso
Net Worth:$4 billion
Source of Wealth:Caruso Affiliated Holdings
Born:January 7, 1959
Wife:Tina Caruso
Children:Greg Caruso, Justin Caruso, Gianna Caruso, Alex Caruso
Residence:Brentwood, Los Angeles, USA
Private Jet:Gulfstream G550 (N1759C)

Who is Rick Caruso?

Born in January 1959, Rick Caruso has carved out an influential place in American real estate as a billionaire tycoon. With a far-reaching vision and an entrepreneurial spirit, he founded the real estate company, Caruso Affiliated Holdings. He is not just a businessman, but also a devoted family man, married to Tina, and the father of four children: Greg, Justin, Gianna, and Alex Caruso.

A well-known figure in academic and civic spheres, Rick has served as the chairman of the University of Southern California Board of Trustees. His contributions extend to the Los Angeles Police Commission, where he served as President, and in 1985, he was appointed as a commissioner for the Los Angeles Department of Water and Power. Rick is also an alumnus of the prestigious Pepperdine School of Law, a professional law school based in Malibu, California.

Key Takeaways

  • Rick Caruso is a billionaire American entrepreneur, founder of Caruso Affiliated Holdings, and an alumnus of Pepperdine School of Law.
  • Caruso pioneered the concept of mixed-use destinations in real estate, with notable developments such as The Grove, Palisades Village, and Americana at Brand.
  • The Caruso family has an entrepreneurial history with Rick’s father founding Dollar Rent a Car and his brother being a music executive.
  • Rick Caruso’s estimated net worth is $4 billion.
  • The Caruso family, through the Caruso Family Foundation, actively participates in philanthropic activities supporting education and healthcare initiatives for at-risk children and families.

Caruso Affiliated Holdings: The Genesis of a Real Estate Empire

Caruso was founded in 1987 by Rick and has since grown into one of the largest privately-owned real estate companies in the United States. Initially a real estate lawyer, Rick transitioned into real estate development, pioneering the mixed-use destination concept, which combines retail and residential uses in one complex.
The flagship property of Caruso’s empire, The Grove, has become a symbol of his innovative retail vision. Ranked second on Fortune’s list of the highest sales-generating shopping centers in the country, The Grove sees more daily visitors than Disneyland and offers an immersive outdoor shopping experience.

Caruso’s other key developments include the Palisades Village, a boutique hub located in Pacific Palisades, Southern California, and the expansive Americana at Brand shopping, dining, and residential complex in Glendale, California.

Caruso Family’s Legacy in Car Rentals

The Caruso family’s entrepreneurial lineage extends beyond Rick. His father, Henry Caruso, founded the Dollar Rent a Car in 1966, a successful car rental company that was eventually sold to Chrysler for approximately $80 million in 1990. His brother, Marc Caruso, is a Los Angeles music executive and CEO of Angry Mob Music, a diversified music company specializing in publishing, music rights management, and trailer music production.

Rick Caruso’s Net Worth

With the flourishing of his real estate empire, Rick Caruso has amassed an estimated net worth of $4 billion.

Caruso’s Philanthropic Ventures

Beyond his business pursuits, Rick, along with his family, is an active philanthropist. Through the Caruso Family Foundation, they support education and healthcare initiatives for at-risk children and their families, including backing organizations such as Para Los Niños, which provides high-quality early education services in Los Angeles, and Operation Progress, which empowers underserved youth to become educated, ethical, and productive adults.






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Yacht Invictus Owner

Rick Caruso

Watch this video!

Yacht Invictus

His motor yacht Invictus was built at Delta Marine in 2013. The boat can accommodate 12 guests and a crew of 18.

The Invictus Yacht, built by Delta Marine, has a value of $100 million and was delivered in 2013.

Powered by twin Caterpillar engines, the yacht can achieve a top speed of 16 knots and has a cruising range of 5,000 nautical miles.

Interiors, designed by Diane Johnson Design, include a cinema, gym, pool, elevator, and beach club, with accommodation for 12 guests and a crew of 18.