Rick Caruso

Rick Caruso

Rick Caruso (#698)

What guides my strategy is my love for the human spirit and connecting what we do to how people live their lives. I never viewed it as a complicated formula.

  • $ 6 B
  • Real estate
  • United States
  • M
  • 67 Years

About Me

Rick Caruso is a Los Angeles real estate developer who has built some of the country's most successful shopping centers. Caruso ran for mayor of Los Angeles in 2022 and advanced to the run-off, where he lost to former Democratic Rep. Karen Bass. Three of Caruso's retail centers--The Grove, The Americana and Palisades Village--rank among the 15 largest in the country in sales per square foot. The grandson of Italian immigrants, Caruso opened a retail center in 1992 and has more recently expanded into residential, office and hospitality. In 2020, Caruso served on both White House and state-level task forces on how to safely reopen the economy after Covid-19. In February 2025, he launched the nonprofit Steadfast LA with other business and community leaders to help rebuild areas destroyed by the 2025 Los Angeles wildfires.
About Images

Achievements

Career Highlights

A snapshot of the defining milestones, leadership decisions, and breakthroughs that shaped Rick Caruso’s rise and global influence.

  • #712   Billionaires (2026)
  • #255   Forbes 400 (2025)

Wealth Growth

Net Worth Growth Over Time

Tracking Rick Caruso’s net worth journey over the years, highlighting key growth phases and financial milestones.

Current Net Worth: $5.9B (May 4, 2026)