Rick Caruso is an American businessman he has a net worth of $1.7 billion. Rick Caruso has earned his net worth as founder and chief executive officer of Caruso Affiliated. The company is a builder and retail operator who has designed and built properties in Southern California. Caruso was the youngest commissioner in the history of the Los Angeles Department of Water and Power. Caruso was born in Los Angeles, he is married to Tina Caruso; they have four children. He attended the University of Southern California where he earned a bachelor's degree. He also attended Pepperdine University and acquired a degree in law. He had a brief career as a real estate lawyer working for developers, but had an interest in getting into the real estate business himself. After leaving the field of law and entering real estate he spent the next 15 years developing industrial buildings in California and elsewhere. Some of his finest developments include; The Grove at Farmers Market located in Los Angeles and the Americana at Brand in Glendale. Caruso is currently developing a residential property called 8500 Burton and he has also acquired land in Dublin, California, to build his first retail development in the Northern California area. Caruso's has won many design awards for his properties including the 2009 Gold Award from the International Council of Shopping Centers. He was named a commissioner for the Los Angeles Department of Water and Power at the young age of 25, by Mayor Tom Bradley. Caruso is a current member of the Los Angeles Coliseum Commission, he is also involved in many community organizations such as Para Los Ninos, which is a community resource that provides education and child development services to neighborhoods in the Southern California area. In addition he is a trustee of the University of Southern California School of Policy, Planning and Development.