From the Editor
  • Howard Marks is the cofounder and co-chairman of Oaktree Capital Management, a Los Angeles-based distressed debt investor.
  • Marks began his career at Citibank, where he started a portfolio of high-yield bonds after meeting with junk bond king Michael Milken.
  • He became an asset manager at TCW, where he met Oaktree cofounder Bruce Karsh. The duo left with four colleagues in 1995 to found their own shop.
  • In September 2019, Brookfield Asset Management acquired 61% of Oaktree for about $4.9 billion in cash and stock. Marks now sits on Brookfield's board.
  • He and Karsh still head up Oaktree, which continues to operate independently of Brookfield. His stake in the firm is now about 7.5%.
Wealth History
HOVER TO REVEAL NET WORTH BY YEAR
Personal Stats
Age
78
Source of Wealth
Private equity, Self Made
Self-Made Score
8
Residence
New York, New York
Citizenship
United States
Marital Status
Married
Children
2
Education
Bachelor of Arts/Science, University of Pennsylvania, The Wharton School
Did you know
Marks is known for his highly detailed investment memos, which cover everything from cryptocurrency to index investing.
The Wharton and UChicago alum minored in Japanese studies, which he became interested in after signing up for a mandatory literature class.
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