Howard Marks Net Worth  - Pulptastic

Howard Marks’ Net Worth and Real Estate Holdings

Howard Marks, co-founder of Oaktree Capital Management, has a net worth of $2.2 billion. A graduate of Wharton and the University of Chicago, Marks started his career at First National Citibank. He later joined TCW where he served as Chief Investment Officer and President of asset management. In 1995, he left TCW to launch Oaktree Capital Management with Bruce Karsh.

Since its inception, Oaktree Capital Management has grown to own $76 billion assets under management, with money from 75 of the 100 pension plans in the United States. Marks is known for his “Oaktree memos” that give insight into his investment strategies and views of the economy.

Howard and his wife Nancy own over $150 million worth of real estate around the country. In 2013, they sold their 9.5-acre Malibu property for $75 million, setting a record for Malibu real estate that would stand for years. They paid $31 million for the property in 2002 and built a custom mansion after demolishing the previous property. In 2010, they purchased a home in East Hampton for $30 million, and in 2019, they paid $35 million for a second East Hampton home. The couple also owns an apartment overlooking Central Park in NYC that they purchased for $52.5 million in 2012. In 2015, they bought a Beverly Hills mansion for $23 million and later purchased the home next door for $10 million.

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