Howard Marks Net Worth
Howard Marks belongs to the richest men on the planet. As of 2015, his net worth is incredible $2 billion. He’s a professional investor and author. He worked for example as a senior portfolio manager responsible for high yield securities. In 2008, he seized the opportunity and raised $10.9 billion for his new distressed debt fund which returned an impressive fortune to it’s investors.
Same as many other exceptional businessmen and investors, Marks also graduated from prestigious Wharton School at the University of Pennsylvania. He studied finances and graduated magna cum laude. His first job after school was an equity research analyst for Citicorp.
In 1995, he founded with several partners Oaktree Capital Management company. They traded mostly high-yield bonds, private equity, and distressed debt. With all his experience and connections, he was well positioned when the big financial crisis hit in 2008. While most people were selling, he started a new fund. Needless to say that buying assets in 2008 turned out to be very profitable later.
When it comes to philanthropy, Howard Marks is also very involved. He for example founded his own Howard S. Marks Terms Scholarship. He’s also a member of Leona and Harry Helmsley Charitable Trust. His Oaktree Capital Group LLC went public in 2012. As of August 2015, it’s market capitalization is impressive $8.3 billion.
