Howard Marks
Chairman, Oaktree Capital Group LLC
$2.18B
as of 10/04/24
About Howard Marks
Howard Marks is the cofounder and co-chairman of Oaktree Capital Management, a Los Angeles-based distressed debt investor.
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 7.5%.
Personal stats
Citizenship
United States of AmericaSource of wealth
Private equityResidence
New York, New YorkMarital status
MarriedBirth date
04/23/46 (age 78)Number of children
2Education
Bachelor of Arts/Science, University of Pennsylvania, The Wharton SchoolSelf-made
self-madeHoward Marks’s fortune is worth
36K
troy ounces of gold
34K
median U.S. household
22K
median U.S. income
0.044%
U.S. credit card volume
0.009%
GDP of the United States
0.006%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
The Wharton and UChicago alum minored in Japanese studies, which he became interested in after signing up for a mandatory literature class.
Net worth over time
Real-time ranking
Financial assets
TORONTO | BN-CA
Brookfield Corporation (Toronto listing)NYSE | OAK-US
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