L.A. Real Estate Developer Rick Caruso
Air Date: Oct 7, 2013
In the eighth episode of “Big Shots With Giselle Fernandez,” our video series featuring business leaders and culture shapers from around the globe, Fernandez sits down with L.A. native Rick Caruso, the CEO of Caruso Affiliated, the real estate company that developed, owns, and operates the Grove in Los Angeles, the Americana at Brand in Glendale, and a handful of other mixed-used properties in Southern California. Caruso opened 8500 Burton Way, a residential and commercial project near the Beverly Center, last year.
Aside from his wealth (Forbes estimated his net worth to be around $850 million in 2012) the USC alum stands out for his civic engagement. He has served as the president of the Police Commission and as a commissioner of the LADWP—but despite plans to launch a mayoral campaign in 2012, Caruso sat our most recent election out. Still, he assures Fernandez he remains committed to improving the quality of life for Angelenos.