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Rick Caruso Net Worth: Who Is the Owner of the Grove?

American businessman Rick Caruso has a net worth of $4 billion. Rick Caruso founded the real estate development company Caruso (formerly known as Caruso Affiliated). Caruso has created some of the most popular malls in Southern California.

His shopping centers consist of The Grove, the Americana at Brand, Palisades Village, and Calabasas Commons. Caruso was the youngest commissioner in the history of the Los Angeles Department of Water and Power before he founded his company.

Rick Caruso launched his campaign for mayor of Los Angeles in February 2022.

Early Years

Rick Caruso was born on January 7, 1959, in Los Angeles, California. His father Henry founded Dollar Rent-A-Vehicle and controlled numerous car businesses in Los Angeles.

Rick graduated with a bachelor’s degree from the University of Southern California. Afterward, he obtained a law degree from Pepperdine University. Rick had a brief career as a real estate attorney for developers, but he was more interested in entering the industry himself.

 

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Rick Caruso Career

Rick started his career as a real estate lawyer at Finley Kumble however, in 1990, he retired 1990 to become a full-time real estate developer. In 1987, he launched his real estate company, Caruso and they create and manage properties. Some of their famous jobs include The Grove at Farmers Market, The Americana at Brand, The Commons at Calabasas, and The Lakes at Thousands Oaks.

Rick is not affiliated with any political party, but he has held major posts, such as the commissioner of the Los Angeles Department of Water and Power at age 26. During his stint as president of the Los Angeles Board of Police Commissioners, William Bratton was elected as the chief of police in Los Angeles.

Political Donations

Caruso supported a 2015 ballot proposal to circumvent local planning restrictions and the California Environmental Quality Act to construct an outdoor mall in Carlsbad, California. This initiative passed, but a subsequent referendum nullified it, necessitating a new vote on Measure A. The measure failed, preventing the construction of the mall. Caruso spent a total of $12 million in less than one year to have the project approved. These expenses included television advertisements, direct mail, and consultancy services.

In 2016, the L.A. Times discovered that Caruso, his associates, and his family had donated more than $476,400 to L.A. city officials during the previous five years; during this time, Los Angeles City Hall approved several construction projects. In 2020, Caruso contributed $2,800 to Pete Buttigieg’s Win the Era, a Democratic super PAC.

 

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Rick Caruso’s Net worth

Rick is also a philanthropist in addition to being a real estate developer, and his estimated net worth is $4 billion.

Who Is the Owner of the Grove?

Rick Caruso

Rick Caruso is a Los Angeles-based real estate developer who has constructed some of the most profitable shopping centers in the country. In terms of sales per square foot, The Grove, The Americana, and Palisades Village are three of the 15 largest shopping complexes in the nation.

Who Is Rick Caruso Dating?

Rick Caruso is, according to our data, married to Tina Caruso. As of December 2021, Rick Caruso is currently unattached.

Relationships Record: We have no record of Rick Caruso’s past relationships. You may assist us in compiling the dating history for Rick Caruso!

Gianna “Gigi” was born with hearing loss and was treated at the Keck School of Medicine of the University of Southern California. In 2015, Caruso and his wife Tina gave an additional $25 million to the University of Southern California to fund and designate the USC Tina and Rick Caruso Department of Otolaryngology-Head & Neck Surgery. He is a board member of the National Institute of Transplantation, St. John’s Health Center, and The California Medical Center Foundation.

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