374. Howard Marks

Forbes - - PROMOTION -

$2.1 billion  Self-made Score: * Source: pri­vate eq­uity age: 71 res­i­dence: new York city m.b.a., u. of Chicago ’70

The pri­vate eq­uity mag­nates met at as­set man­ager TCW, where Marks headed its debt in­vest­ing group. Prior to that, Marks started a port­fo­lio of high-yield bonds at Citibank af­ter meet­ing with Michael Milken (No. 200), while Karsh was a former ap­pel­late clerk for fu­ture Supreme Court jus­tice An­thony Kennedy. They founded Oak­tree Cap­i­tal in 1995; the Los An­ge­les-based firm man­ages roughly $100 billion in as­sets.

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