Howard Marks Net Worth

Howard Marks is the co-founder and co-chairman of Oaktree Capital Management, one of the world's largest and most successful distressed debt investment firms managing over $190 billion in assets. Born in New York City, Marks studied finance at the Wharton School at the University of Pennsylvania and earned his MBA from the University of Chicago Booth School of Business, where he was influenced by the efficient market theories that he would later spend his career challenging.

Marks began his career at Citicorp in 1969, eventually running the bank's high-yield bond and distressed debt investing operations. After a brief stint at Trust Company of the West, he co-founded Oaktree Capital in 1995 with Bruce Karsh and several colleagues, building it into the preeminent distressed debt investor in the world. Oaktree's philosophy is straightforward but extraordinarily difficult to execute: buy quality assets when others are forced to sell, and exercise caution when others are greedy.

What truly distinguishes Marks in the investment world is his writing. His investor memos, which he has published since 1990, are considered essential reading by investors worldwide — Warren Buffett has said "When I see memos from Howard Marks in my mail, they're the first thing I open and read." These memos, compiled into his bestselling books "The Most Important Thing" (2011) and "Mastering the Market Cycle" (2018), offer some of the most sophisticated thinking ever published on risk, market psychology, and the discipline required for superior long-term returns. Marks is widely regarded as one of the greatest investors and investment thinkers of his generation.