Howard Marks net worth

Howard Marks net worth

Net Worth: $2 Billion

About Howard Marks

Howard Marks net worth

It has been calculated that the overall estimate of the current Howard Marks net worth reaches as much as 2 billion dollars, which makes him one of the wealthiest investors in the world. In addition to being an investor, he is also a writer, and this career has also added up to the overall amount of Howard Marks net worth.
In the beginning of his career, Howard Marks worked in senior positions at Citibank. In 1985, he began to work for TCW. He was also the leader and creator of the High Yield, Convertible Securities and Distressed Debt groups. In 1995, when he stopped working at TCW, Howard Marks established Oaktree Capital Management, which became another important source of increasing the overall size of Howard Marks net worth.
In 2011, Forbes included his name in its list of the wealthiest Americans, where he was placed as 273rd. At that time, his net worth reached 1.5 billion dollars. In 2011, Howard Marks published a book called “The Most Important Thing: Uncommon Sense for the Thoughtful Investor”.
Howard Marks was born in 1946 in Queens, New York. Howard Marks was a student at the Wharton School at the University of Pennsylvania.

In 1967, he graduated from it and got his Major’s degree in finance and Minor’s degree in Japanese Studies. When he was 23 years old, Howard Marks got his MBA in Accounting and Marketing from the Booth School of Business at the University of Chicago. When he was studying there, Howard Marks became a recipient of the George Hay Brown Prize. Then, he moved to New York City to find some work opportunities. In 1980, Howard Marks moved to Los Angeles, California, where he got more work and where the overall sum of Howard Marks net worth began to increase.
In 1969, he was chosen for the position of an equity research analyst for Citicorp. Howard Marks eventually became the company’s Director of Research. He worked as such until 1978. In the period of 1978-1985, Howard Marks was the vice president of Citicorp. In addition to this position, he was a senior portfolio manager overlooking convertible and high yield securities. In 1985, Howard Marks began to work for the TCW Group. Howard Marks was appointed to be Chief Investment Officer for domestic fixed income and the President of TCW Asset Management Company. He worked for the TCW Group until 1995, and thus, this company has also increased the overall estimate of Howard Marks net worth.
In 1995, Howard Marks became one of the founders of Oaktree Capital Management based in Los Angeles. This company is an investment firm. The company grew very fast, eventually adding up big sums of money to his wealth. He is still the chairman of the company. In addition to all the mentioned, Howard Marks is a writer. In 2012, Howard Marks wrote some essays, which were included in the compendium called “The Gathering Storm”. All the essays in the book were written by investment managers. The money got from selling it went directly to charity.

Now you have an idea why Howard Marks net worth is this huge

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