Howard Marks’s profile picture

Howard Marks

Chairman, Oaktree Capital Group LLC
Howard Marks’s profile picture
Net worth 2018: $1.94 Billion
Industry: Investments
Residence: New York, New York
Country: United States
BirthDay: 13 August 1945
Sigh: Virgo
Died On: 10/04/2016
Children: 2
Education: Bachelor of Arts / Science, University of Pennsylvania Wharton School; Master of Business Administration, Booth School of Business
BIOGRAPHY

Howard Marks was bornon 13 August 1945 in New York, New York, United States, is Chairman, Oaktree Capital Group LLC. Howard Marks is #1243 in List Billionaires People In The World. Howard Marks is the cofounder and cochairman of Oaktree Capital Management, a Los Angeles-based distressed debt investor. Marks began his career at Citibank, where he started a portfolio of high-yield bonds after meeting with junk bond king Michael Milken. He went on to asset manager TCW, where he met Oaktree cofounder Bruce Karsh, and the duo left with four colleagues in 1995 to found their own shop. The firm has grown from managing $5 billion at its conception to around $100 billion. Oaktree went public in 2012; Marks owns 11% of the firm, which accounts for a large chunk of his fortune.

NET WORTH STATISTIC
2010

$1.15 Billion

2011

$1.6 Billion

2012

$1.4 Billion

2013

$1.9 Billion

2014

$2 Billion

2015

$2 Billion

2016

$1.9 Billion

2017

$2 Billion

2018

$1.94 Billion

TIMELINE
2019

Through Plinston he met Mohammed Durrani, a Pakistani hashish exporter who was a descendant of the Durranis who had run Afghanistan in the 19th century

2016

He died of the disease on 10 April 2016, at the age of 70

2015

On 25 January 2015, it was announced that Marks had inoperable colorectal cancer

2013

In 2013, Marks recounted his story in an episode of the television series Banged Up Abroad

2012

He was featured on the Reverend & The Makers track "MDMAzing" on their third album @Reverend Makers (2012)

2011

In 2011, he penned the thriller Sympathy for the Devil

2009

He also worked with former Happy Mondays guitarist Kav Sandhu, and appeared at numerous British music festivals, including: (Glastonbury 2009 and 2011), Beautiful Days, RockNess, Camp Bestival, Kendal Calling, and the Sonisphere Festival

2001

He also compiled an anthology called The Howard Marks Book of Dope Stories (2001) and more recently a follow-on from his autobiography: Señor Nice: Straight Life From Wales to South America

1999

This led to the formation of the Legalise Cannabis Alliance (LCA) by Alun Buffry in 1999; the party reformed as Cannabis Law Reform in 2011

1997

Marks stood for election to the UK Parliament in 1997, on the single issue of the legalisation of cannabis

1996

He also collaborated with Welsh group Super Furry Animals on their album Fuzzy Logic (released May 1996) and on their singles "The Man Don't Give a Fuck" and "Ice Hockey Hair"

1990

As the trial began in July 1990, Peter Lane, his brother-in-law and fellow smuggler, wrote to Marks to inform him that he was going to testify against Marks in court to get a more lenient sentence himself

1989

Marks and his wife were extradited in 1989, and he was given the Miranda rights on the flight from Spain to the US

1988

In 1988, DEA agent Craig Lovato arrested both Howard and Judy Marks and extradited the couple to the United States

1986

This was the work of 'Operation Eclectic', set up in 1986 by both the DEA and Scotland Yard and aided by numerous other law enforcement organisations around the world

1984

Marks was the subject of the biography High Time (1984) written by David Leigh

1983

In 1983, McCann was still at large and his smuggling enterprise was flourishing; he offered Marks the chance to sell 250 kilos of cannabis and Marks accepted

1982

Released in May 1982, though with most of his employees still in prison for the crime Marks was found innocent of, he spent the next year running a legitimate wine importing business but he continued to spend more money than he was making and the savings he made from drug smuggling in the 1970s began to dwindle

1980

In 1980, Marks was arrested by customs officers for his part in importing £15 million of cannabis; police had followed associates of the Trafficante family to a large stash of cannabis

1979

In December 1979, Trafficante exported 50 tons of cannabis direct from Colombia to Marks and his contacts in the UK, enough to supply the entire British market for the drug for almost a year

1978

In need of a new identity after his alias of Anthony Tunnicliffe was compromised in a police sting, in 1978 he bought Donald Nice's passport

1976

In 1976 he travelled to America, and set up a 1,000-kilo deal between Combs and 'Lebanese Sam' – making himself £300,000 in the process; he continued to regularly set up deals between his various American and Far East connections

1975

"Between 1975 and 1978, twenty-four loads totalling 55,000 pounds of marijuana and hashish had been successfully imported through John F

1974

With most of his fortune confiscated by the authorities, he made his way to Italy, where he lived in a Winnebago for three months before returning to England in secret in October 1974

1973

HM Customs then arrested him for his part of a 1973 smuggling operation but following a plea bargain and time off for remission he served just three months of a three-year sentence

1970

There he was handed a 40-page document which detailed the allegations of his drug smuggling activities between 1970 and 1987, charging him with operating a racket as described in the RICO act

1968

), then back to Balliol, Oxford (1968–69; Dip HPh Sc), and then on to the University of Sussex (1969–70) to study philosophy of science

1967

He gave up teacher training to continue his education at the University of London (1967–68; Grad

1964

He gained a place at Balliol College, Oxford, after he impressed Russell Meiggs in his interview, and read physics there from 1964 to 1967

1945

Dennis Howard Marks (13 August 1945 – 10 April 2016) was a Welsh drug smuggler and author who achieved notoriety as an international cannabis smuggler through high-profile court cases

978

His final book "Mr Smiley, My last pill and testament" ISBN 978-1-5098-0968-4 Pan Macmillan, published 2015Marks held a series of book-readings into 2014

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