Rick Caruso

Founder and Chief Executive

Caruso

THE LATEST: Retail real estate developer Caruso is set to break ground this year on 333 La Cienega, a mixed-use 145-unit apartment building across from the Beverly Center. The new development will also have a 28,000-square-foot neighborhood market, a restaurant and a 7,000-square-foot green. Caruso was No. 10 on the Business Journal&s annual Wealthiest Angelenos list with a net worth of $5.7 billion, up 19% over the previous year. In 2019, Caruso committed $50 million to Pepperdine University&s School of Law, the largest the law school has received.

BACKGROUND: Caruso is known for developing high-end retail complexes, including the Grove, the Americana at Brand and Palisades Village. His company has grown nearly 20% annually since it was founded in 1987. Caruso is chairman of the board of trustees at USC, where he received a bachelor of science degree. He sits on several other boards, including those for Loyola High School, Pepperdine School of Law, Irvine Co., Providence St. John&s Medical Center and the Ronald Reagan Presidential Library Foundation.

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