Rick Caruso is one of the most popular and richest Politician who was born on January 7, 1959 in Los Angeles, California, United States. Rick Joseph Caruso, born January 7, 1959, is an American billionaire businessman and philanthropist. Caruso is an American real estate company. He is its founder and chief executive officer. He was president of the Los Angeles Police Commission and member of the Board of Water and Power Commissioners. He is also the chairman of University of Southern California’s board of trustees.
Caruso worked as a real estate lawyer in Finley Kumble’s corporate finance department. However, in 1990 he decided to quit law and develop residential and retail properties full-time.
In August 2001, Caruso was appointed by Mayor James K. Hahn to the Los Angeles Board of Police Commissioners and was elected its president. In this role, he led the selection process that resulted in the hiring of former New York City Police Commissioner William Bratton as the Los Angeles Chief of Police. During Caruso’s tenure as president of the Police Commission, the crime rate in Los Angeles dropped 37.3% from 2002 to 2006.
In 2008, Caruso was elected to serve as a member of the Los Angeles Coliseum Commission, which oversees the operations of the Los Angeles Memorial Coliseum and nearby Los Angeles Memorial Sports Arena. During his tenure on the commission, Caruso advocated for its reform, including the resignation of its general manager, and the replacement of the commission itself with a new governing body. He advocated a ban on rave parties at the two venues.
He founded Caruso in 1987. It is a company that develops and owns properties like The Grove at Farmers Market, Los Angeles, The Americana at Brand, Glendale, The Promenade at Westlake and The Lakes at Thousands Oaks (coowned by The City of Thousand Oaks), 8500 Burton Way and Waterside Marina Del Rey.
