From humble beginnings to $4 billion | Rick Caruso, Founder & CEO of CarusoBusiness, New Zealand|2016|01:34|G
Rick Caruso is the Founder and Chief Executive Officer of Caruso, and a visionary developer, renowned business innovator, dedicated civic leader and actively-involved philanthropist. As CEO of Caruso , Rick manages a portfolio of upscale retail and entertainment properties that attract over 40 million people annually and has been coined the "Walt Disney of Retail" by Forbes. Caruso is one of the largest and most admired privately held real estate companies in the United States, and widely regarded as the industry leader in innovation with its award-winning retail developments, including The Grove, The Commons at Calabasas and The Promenade at Westlake. Caruso properties consistently outperform traditional shopping destinations based on productivity and sales per square foot, with results three times higher than the industry average. The company also develops mixed-use retail-residential developments such as The Americana at Brand and Palisades Village, and has revolutionized the hospitality industry with the Rosewood Miramar Beach, a five-star hotel. A lawyer by training, Rick was the youngest commissioner for the Department of Water and Power of LA in the history of the city, and has served as President of the Los Angeles Police. Named a "retail mastermind" by The Wall Street Journal, he has been named one of L.A.'s "most influential leaders" by the Los Angeles Times, and Forbes estimates his personal wealth at $4 billion.