LA500 2023: Bryant Riley

LA500 2023: Bryant Riley

Chairman, Co-Chief Executive Officer, B. Riley Financial Inc.

B. Riley Financial – the namesake firm Riley co-founded with Tom
Kelleher in 1997 – weathered a rough 2022, realizing an investment
loss of $404 million over the course of the year. According to a report
to investors in March, strong revenues helped offset the damage,
bringing the overall net investment loss for the year to $168 million.
“Despite the marks in our investment portfolio, we delivered operating
revenues of $1.3 billion in 2022, which is close to where we were at
the end of 2021 during the record year that produced operating revenues
of $1.4 billion,” Riley wrote in the investor report.


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