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Rick Caruso Net Worth: How Rich He Is In 2022?

Bio, Age, Wiki, Net Worth, Children, Wife, and High School Information on Rick Caruso – Rick Caruso is a successful businessperson who was born and raised in the United States of America. He started and stepped down as CEO of the American real estate firm Caruso, which he co-founded, making him a billionaire.

In the past, he has served as the president of the Los Angeles Police Commission and as a member of the Board of Water and Power Commissioners. Currently, he serves as the head of the board of trustees for the University of Southern California.

Caruso was an attorney who specialized in real estate and worked for the corporate finance branch of Finley Kumble. Caruso, a company that specializes in the acquisition, development, and management of the real estate, was founded by him in 1987.

Starting with parking lots that his father had agreed to lease to Dollar Rent-A-Car, he bought the lots and then sold them when the value of the land climbed over time. His first investment was in parking lots. In 1990, he decided to leave the law profession and devote his full attention to the construction of residential and commercial real estate instead.

The Life Story Of Rick Caruso

Caruso and Tina have been blessed with four children: Alex, Gregory, Justin, and Gianna. They made their home in the upscale Brentwood district of Los Angeles. The four children followed in their father’s footsteps and received their education at the University of Southern California, where their dad earned his degree and has since given millions of dollars. Caruso is a devout follower of the Catholic faith.

In 1995, the Pepperdine School of Law recognized Caruso as its Outstanding Alumnus of the Year. In 2012, he received recognition as the “Developer of the Year” by the Los Angeles Business Journal and the “Master Entrepreneur of the Year” award from Ernst & Young LLP.

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His real estate lectures have been presented at the Kennedy School of Government at Harvard University, the Price School of Public Policy at the University of Southern California, and the Milken Institute Global Conference. He has previously participated as a guest panelist for the International Council of Shopping Centers.

Caruso formed the Caruso Family Foundation in order to provide financial assistance to charitable groups that assist children who are in need of medical treatment and educational opportunities. The academic institutions in Los Angeles, including Loyola High School and Brentwood School, which three of Caruso’s children attended, have benefited significantly from major donations made by Caruso.

Rick Caruso Net Worth

The Age Of Rick Caruso

Rick’s birthday is January 7th, 1959, which makes his current age 63 years old.

Rick Caruso’s Early Life

Caruso, an Italian American, had his beginnings in life in the city of Los Angeles. His father, Henry Caruso, was the creator of Dollar Rent-A-Vehicle and the owner of multiple car dealerships in and around the Los Angeles area. Henry Caruso also owned numerous car dealerships. His mother, Gloria, was a model in the past and appeared on billboards.

Caruso received a Bachelor of Science degree in 1980 and a Juris Doctor degree in 1983, both from the University of Southern California, where he was a member of the Trojan Knights and the Sigma Alpha Epsilon fraternity. Caruso was also a Margaret Martin Block Scholar during his time at USC.

High school Run By Rick Caruso

Rick earned his diploma from Harvard High School after attending Good Shepherd Grammar School, where he served as an altar boy.

Rick Caruso’s Net Worth

Rick Caruso is one of the relatively few people in the world to have achieved the title of a billionaire. His present wealth is estimated to be about $4 billion.

Spouse Of Rick Caruso

Tina Caruso, who was Rick’s high school sweetheart, is now his wife.

The History Of The Rick Caruso Family

He originates from a family that is highly regarded in the community. Henry Caruso, his father, got his start in the auto industry by purchasing several new vehicle dealerships from General Motors, Ford, and Chrysler. Henry Caruso, Jr., followed in his footsteps.

In the early days of television, he virtually monopolized the commercial television airwaves in Los Angeles with his radio and television singing commercials, which were billed as “H.J. Caruso—the greatest.” In addition, he was the first person to win an Emmy Award for his work in the television industry.

In 1966, he launched what would later become known as Dollar Rent-A-Car under the name Dollar-A-Day Rent-A-Car. After opening five stores, he was adamant about opening lucrative airport locations. However, the fact that the top three car rental companies—Hertz, Avis, and National—already had locations in airports made it impossible for the new company to penetrate the market.

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