Bruce Karsh is an American lawyer and investor with the estimated net worth of $2 billion as of March 2013 according to Forbes. He’s the 328th richest person in the “Forbes 400” list along with the 922nd individual in the list of World Billionaires. He started his career as an apartelle clerk to Supreme Court of the United States justice Anthony M. Kennedy. He also worked as an attorney together with the law firm O’Melveny & Myers and as an helper to billionaire Eli Broad whose insurance company became a client of TCW Group. He was hired by Howard Marks to handle distressed debt at the company.
Bruce Karsh Net Worth $2 Billion
Jointly with Howard Marks and four other workers at TCW, Karsh left the company in April 1995 and founded the Oaktree Capital Management. He was an active firm and portfolio manager for TCW’s distressed debt funds in addition to the head of the Distressed Debt Team. In 2007, 16% of Oaktree was formerly sold to a private Goldman Sachs exchange. It had been taken public in April 2012. The company is the greatest equity owner of the Tribune where he was elected chairman.
Bruce Karsh has personally paid $56 million in the recent months to buy the Ritz-Carlton hotel in Clayton, Missouri. He also spent $30 million for the building of the entire world headquarters of Fender Musical Instrument Corp. in North Scottsdale, Arizona. Apartelle is a minority investor in the Golden State Warriors basketball team.