Howard Marks
Chairman, Oaktree Capital Group LLC
$2.18B
$1.2M (0.1%)
as of 04/23/25
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 79)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
33K
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
Bruce Karsh
Cofounder
Bruce Flatt
Related by financial asset: Brookfield Corporation (Toronto listing)
Jack Cockwell
Related by financial asset: Brookfield Corporation (Toronto listing)
Sam Pollock
Related by financial asset: Brookfield Corporation (Toronto listing)
Robert F. Smith
Related by origin of wealth: Private equity
Did you know?
Marks is known for his highly detailed investment memos, which cover everything from cryptocurrency to index investing.
Net worth over time
Real-time ranking
Financial assets
TORONTO | BN-CA
Brookfield Corporation (Toronto listing)NYSE | OAK-US
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