Sara Lee Husband : Who is Bruce Karatz? Net-Worth
Bruce E. Karatz is an American businessman and philanthropist who was born on October 10, 1945.
He is renowned for his work as chairman and CEO of KB Home and for his charitable work in rebuilding New Orleans after Hurricane Katrina and Los Angeles after the L.A. Riots.
When Karatz took over as CEO in 1996, KB House’s revenues increased from $491 million to $11 billion. Additionally, the company’s yearly home deliveries increased from 4,500 in 1986 to over 39,000 in 2006.
Karatz currently runs BK Capital LLC, which has its headquarters in Beverly Hills, California.
Karatz received one of The Malibu Times’ 23rd Annual Dolphin Awards in March 2013.
In October 2014, Guy Nafilyan, the former chairman and chief executive officer of Kaufman & Broad France, joined forces with Karatz to launch Nafilyan & Partners, a Paris-based real estate development firm.
Each of Karatz and Nafilyan owns 37.5% of the business, with two investment firms and two financial institutions holding the other 25%.
On October 11, 2014, a suburb of Paris, France’s Villepinte, saw the opening of Nafilyan & Partners’ first development for sale.
In the suburbs of Paris, Nafilyan & Partners has 22 projects totaling about 2,000 homes as of October 2014.
What is Bruce Karatz’s net worth?
In 2022, Bruce Karatz’s net worth is expected to be in the neighborhood of $126 million.
The projected net valuation includes all assets, including securities, real estate, and opulent possessions like yachts and private planes.