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-

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Howard Marks Latest News

Oaktree’s Howard Marks finds opportunity in emerging market equities, private lending

Bailey McCann, Opalesque New York: Oaktree’s Howard Marks is bullish on large swaths of the global economy, but in an extended interview at today’s Delivering Alpha Conference he questioned how long e ...
Posted: July 18, 2018, 11:52 pm

Bitcoin is ‘Not an Investment … It’s a Trade,’ Says Billionaire Howard Marks

Marks took part in CNBC’s eighth annual conference for institutional investors – Delivering Alpha — which was held in New York, where he expressed his rather negative sentiment towards the first and f...
Posted: July 20, 2018, 10:46 pm

Oaktree Capital's Marks warns of late-in-cycle U.S. economy

Oaktree Capital co-chairman Howard Marks said the U.S. economy was in its 8th inning, indicating it is the final stages of economic expansion, at CNBC's Delivering Alpha conference in New York on Wedn...
Posted: July 18, 2018, 11:43 am
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