Mark Walter was born in 1960, in Cedar Rapids, Iowa USA, and is a businessman, best known to be the founder and the chief executive officer of Guggenheim Partners, now a global financial services firm which is reported to have more than $240 billion in assets under management. All of his efforts have helped put his net worth to where it is today.
How rich is Mark Walter? As of early-2017, sources inform us of a net worth that is at $1.75 billion, mostly earned through a successful career in business. Guggenheim Partners have headquarters in Chicago and New York. Walter also owns the Major League Baseball franchise, the Los Angeles Dodgers. As he continues his endeavors, it is expected that his wealth will continue to increase.
Mark Walter Net Worth $1.75 billion
Walter attended Cedar Rapids Jefferson High School. After matriculating, he attended Creighton University from where he would graduate with his bachelor’s degree. He then attended Northwestern University and would get his Juris Doctor there. In 1996, he made his first personal business venture by co-founding Liberty Hampshire Company, LLC alongside Steven E. Johnson. The business started in Chicago and four years later he would found Guggenheim Partners, LLC. The advisory financial services firm engages in various endeavors, including insurance, investment advisory, investment management, capital markets services, and investment banking. The company has grown immensely, and it has helped increase Mark’s net worth. The company is now found in 20 cities around the world with 2,500 staff employed. It also has eight Managing Partners who are also key executives.
In 2012, Mark created Guggenheim Baseball Management, LLC which is a private partnership that was formed to acquire the Los Angeles Dodgers baseball franchise. The partnership was made along with a few partners, to successfully purchase the professional baseball franchise for $2.15 billion. While the purchase initially affected his net worth, the franchise has since helped him build his wealth over the years. The acquisition of the franchise would include the surrounding land and parking lot of the Dodgers Station. Other partners in the acquisition include former Los Angeles Lakers Magic Johnson, Bobby Patton, Stan Kasten, Peter Guber and Todd Boehly. Guggenheim Partners has made other big investments including acquiring a controlling interest in another financial services firm, Transparent Value LLC. They also acquired Claymore Group, Security Benefit Corp, and Equitrust. They also have a stake in the production company Dick Clark Productions which produces specials such as the Golden Globe Awards and the American Music Awards. In 2013, they purchased the media company Prometheus Global Media and CardCash. They also acquired the WNBA team, the Los Angeles Sparks the following year.
Mark was ranked 8th in the list of the 50 Most Influential People in Sports Business by the Sports Business Journal. He also serves as a director or trustee of several organizations, including the Field Museum, Northwestern University, and the Solomon R. Guggenheim Foundation.
For his personal life, it is known that Mark is married to Kimbra. Not much else is known about his private life.
