Howard Marks Net Worth is$1.9 Billion
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Date of Birth: 1946
Place of Birth: New York City
Howard Marks Net Worth: Howard Marks is an American investor who has a net worth of $1.9 billion. Born Howard Stanley Marks in 1946 in Queens, New York, he made his fortune working in different investment partnerships until he co-founded Oaktree Capital Management. A Wharton graduate who holds an MBA of University of Chicago, Marks started his career path in 1969 working as an equity research analyst for First National Citibank (later became Citicorp). Then, Marks was appointed Director of Research, and several years later, he became company's Vice President. In 1985, he joined TCW where he was responsible for investments in high-yield bonds and convertible securities. Marks also served as Chief Investment Officer for domestic fixed income, and TCW's President of the asset management. After a decade of working, he left TCW, and together with his co-worker Bruce Karsh, he launched Los Angeles-based Oaktree Capital Management in 1995. The investment company grew fast, specializing on distressed debt, high-yield bonds, and private equity. In 2012, the two partners took Oaktree Capital Management public, selling approximately $90 million-worth stake. Currently, they hold 13% of the investment company, which owns $76 billion assets under management, and money from 75 of the 100 pension plans in U.S. Moreover, Marks is known for his writings to his clients known as "Oaktree memos" in which he writes about his investment strategies in detail and gives insight into his views of the economy.
Howard Marks (born Dennis Howard Marks on 13 August 1945) is a Welsh author and former drug smuggler who achieved notoriety as an international cannabis smuggler through high-profile court cases. At his peak he was supposedly smuggling consignments of the drug as large as 30 tons, and was connected with groups as diverse as the CIA, the IRA, MI6, and the Mafia. He was eventually convicted by the American Drug Enforcement Administration and handed a 25-year sentence to be served at Terre Haute; he was released in April 1995 after serving seven years. Though he had up to 43 different aliases, he became known as Mr Nice, after he bought a passport from convicted murderer Donald Nice.

Marks was born in Kenfig Hill, near Bridgend, Wales, the son of Dennis Mark, a captain in the Merchant Navy, and Edna, a teacher. He has stated that his earliest memory is of throwing his father's ship's cat into the Indian Ocean; he also stated that that memory haunted him for the rest of his life, and that he was so young at the time that he had expected the cat to catch fish and then swim back to the ship. Brought up as a Baptist, he later turned to Buddhism, though he did not become a devout follower. He attended the Garw Grammar school in Pontycymer. He is a fluent Welsh speaker.
He gained a place at Balliol College, Oxford after he impressed Russell Meiggs in his interview, and read physics there from 1964 to 1967. There he was first introduced to cannabis by Denys Irving. After the death of his friend Joshua Macmillan (son of Maurice Macmillan; grandson of Harold Macmillan), Marks swore off ever getting involved with hard drugs. Among his other friends at Balliol were the epidemiologist Julian Peto and the journalist Lynn Barber. Through a mixture of cheating and last minute cramming, he passed his finals; this was despite months of taking drugs rather than attending classes and a serious infection he developed a few weeks before the exams.
In 1967 he began teacher-

Howard Marks Latest News

Bellatrix Exploration Ltd. (BXE): Billionaire Howard Marks’ Oaktree Capital Management Takes 8.8% Stake

In a new 13G filing with the Securities and Exchange Commission, billionaire Howard Marks‘ Oaktree Capital Management reported acquiring 18.75 million shares of Bellatrix Exploration Ltd. (NYSE:BXE), which amass 8.8% of the company’s outstanding stock.
Posted: October 14, 2016, 8:30 am

Howard Marks: The Wisdom of a Value Superinvestor

We’ve been fortunate to have had numerous opportunities to learn from Howard Marks over the years, both in exclusive interviews with The Manual of Ideas and in keynote Q&A sessions at ValueConferences. Howard also shares his wisdom periodically in his ...
Posted: September 2, 2016, 1:11 am

Investor Howard Marks on Luck, Risks and the Job that Got Away

In 1969, Howard Marks — armed with degrees from Wharton and the University of Chicago’s Booth School of Business – was still unsure what career he wanted to pursue. He interviewed for “literally seven different jobs in seven different fields ...
Posted: March 17, 2014, 4:17 pm
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