How Much is Howard Marks Worth? Howard Marks's Assets & Salary ( Updated) Net Worth 2026: Career Earnings & Assets

As one of the most talked-about figures, Howard Marks has built a significant fortune. Our team analyzed the latest data to provide a clear picture of their income.

What is Howard Marks's Net Worth?

During the 2007-08 financial crisis, Oaktree raised $10.9 billion, the largest distressed debt fund in history. The firm went on to make its initial public offering on the New York Stock Exchange in 2012, raising $380 million. At the end of the decade, the Canadian firm Brookfield Asset Management acquired 62% of Oaktree. However, Marks, as co-chair, and other members of Oaktree still have full control over its daily operations.

Howard Marks was born in 1946 in New York City into a Jewish family that raised him as a Christian Scientist. For his higher education, he first attended the Wharton School of the University of Pennsylvania, from which he graduated cum laude in 1967. Marks went on to earn his MBA from the University of Chicago Booth School of Business in 1969. Later, in 1975, he earned a Chartered Financial Analyst certification.

Marks left Citicorp in 1985 to join the asset management firm TCW Group. There, he led groups that invested in high-yield debt and convertible securities. In 1988, along with Bruce Karsh, Marks put together one of the first distressed debt funds at a major financial institution. He remained at the company until 1995.

Howard Marks is an American investor who has a net worth of $2.2 billion. Howard Marks andBruce Karshco-founded the global asset management firm Oaktree Capital Management, the world's largest investor in distressed securities. Previously, he worked at TCW Group and Citicorp. Marks shares his investment strategies through essays he posts on the Oaktree website, as well as through some published books.

After obtaining his MBA in 1969, Marks became an equity research analyst at the bank holding company Citicorp. He eventually worked his way up to be the company's director of research, and then a vice president and senior portfolio manager. At Citicorp, Marks oversaw convertible and high-yield debt. He remained at the company until 1985.

In 1995, Marks and four other principals from TCW Group founded the global asset management firm Oaktree Capital Management in Los Angeles. The firm grew rapidly over the years to become the world's largest investor in distressed securities, with offices in over 20 cities worldwide. Its clientele includes over half of the largest US pension plans, 40 state retirement plans, more than 500 companies and/or their pension funds, and upwards of 275 endowments and foundations.

Oaktree Capital Management

In summary, the total wealth of Howard Marks reflects strategic moves.

Disclaimer: All net worth figures are estimates based on public data.