$2 Billion         |         Rank #1397

Who is Howard Marks

Marks began his career at Citibank, where he started a portfolio of high-yield bonds after meeting with junk bond king Michael Milken.
He became an asset manager at TCW, where he met Oaktree cofounder Bruce Karsh. The duo left with four colleagues in 1995 to found their own shop.
In September 2019, Brookfield Asset Management acquired 61% of Oaktree for about $4.9 billion in cash and stock. Marks now sits on Brookfield’s board.
He and Karsh still head up Oaktree, which continues to operate independently of Brookfield. His stake in the firm is now about 8%. Coming from an average or middle class family, Howard Marks is one those great persons who have stormed their way to the billionaires list on their own. And currently ranks at 1397 on billionaires list making him one of the wealthiest ever persons on the planet. He is currently 75.0 years old. As of today, Howard Marks’s net worth is approximately 2 Billion.

Facts about Howard Marks

To find out what is Howard Marks Net Worth, how he got there and what is Howard Marks Salary Per Day, Career, Biography and Childhood details, continue reading below.

Background of Howard Marks

Howard Marks was born on 23-04-46 in United States. The Wharton and UChicago alum minored in Japanese studies, which he became interested in after signing up for a mandatory literature class. Marks is known for his highly detailed investment memos, which cover everything from cryptocurrency to index investing. Being raised in the same country, Howard Marks spent most of his time in New York in the city of New York.

Howard Marks net worth is estimated at 2 Billion Billion to date.

Professional Journey

Howard Marks is currently working as Chairman at the world famous Oaktree Capital Group LLC. You will see him often in social media.  Howard Marks is the cofounder and co-chairman of Oaktree Capital Management, a Los Angeles-based distressed debt investor. There was a time when he would have embraced the change that was coming.  He is one of the persons who are always trending in news. The Wharton and UChicago alum minored in Japanese studies, which he became interested in after signing up for a mandatory literature class. In his youth, he was adventurous but unknown, but that was years ago. Marks began his career at Citibank, where he started a portfolio of high-yield bonds after meeting with junk bond king Michael Milken.
He became an asset manager at TCW, where he met Oaktree cofounder Bruce Karsh. The duo left with four colleagues in 1995 to found their own shop.
In September 2019, Brookfield Asset Management acquired 61% of Oaktree for about $4.9 billion in cash and stock. Marks now sits on Brookfield’s board.
He and Karsh still head up Oaktree, which continues to operate independently of Brookfield. His stake in the firm is now about 8%. He learnt to find the excitement that came with change. That curiosity had long left him to where he had come to loathe anything that put him out of his comfort zone. Howard Marks is the cofounder and co-chairman of Oaktree Capital Management, a Los Angeles-based distressed debt investor.
It is to be noted that Howard Marks is one of the selfmade billionaires in the world and stands at 1397 in most wealthy persons in the world.

FAQs

Here are a few most frequently asked questions about Howard Marks:

How much is Howard Marks worth?

Howard Marks’s net worth is estimated to be 2 Billion.

How old is Howard Marks?

Howard Marks was born on 23-04-46, and is currently 75.0 years old.

What is Howard Marks source of income?

Howard Marks acquires most part of his wealth from private equity.
 

Concluding Howard Marks Net Worth

Currently with a net worth of 2 Billion, Howard Marks stands at 1397 in the world billionaires list. And draws most of his wealth from private equity. Hope you like this information about Howard Marks. If you like this, then please share it with your friends. This above post is all about the estimated worth of Howard Marks. Do you have any queries? Feel free to ask via comment section.

Disclaimer: Please keep in mind that this is an estimated net worth of Howard Marks. Actual worth may vary a little. You can always get information by checking out Leaktown.com.