Bruce Karatz

Bruce Karatz: Biography in Details

Who is Bruce Karatz?

Bruce Karatz is a businessman and philanthropist from America. He is popularly recognized as KB Home’s Chairman and CEO, and for his philanthropic works to help restore both Los Angeles and L.A. Riots after Hurricane Katrina, and New Orleans.

Bruce Karatz: Age, Parents, Siblings, Family

Karatz was born on October 10, 1945, in Chicago, Il, and raised to a Jewish middle-class family in Minneapolis, Minnesota where his father owned a movie theater and his mother was a housewife. He has a brother named George Karatz.

In which school did Bruce Karatz attend?

In 1963, he graduated from high school and, in 1967, from Boston University. In 1970, Karatz obtained his law degree from the University of Southern California.

Bruce Karatz: Professional Life, Career

In 1972, as an associate general counsel, Karatz joined Kaufman & Broad (the firm took the KB Home name in 2001). He was announced the company’s CEO in 1986 and guided its development into a Fortune 500 company.

During his period, from building houses on speculation to building houses on order, he transformed the business model of the company.

In 2006, in Fortune Magazine’s 2006 list of America’s Most Respected Businesses, KB Home was named the #1 homebuilder. During his time as CEO, Karatz was one of the highest-paid CEOs in the world. After 25 years as CEO, he resigned from the company in 2011 and is now a non-executive chairman and a non-voting member of the board of directors of KB House.

He’s the brother of George Karatz, the previous CEO, who is currently CEO of KB House.

Kaufman and Broad spearheaded the attempt to recreate Camp Hollywoodland during the Los Angeles riots in 1992.

Karatz co-chaired the Mayor’s Coalition for a Safer LA with Los Angeles Mayor Richard Riordan. Karatz led KB Home to become the first and only national homebuilder to go to New Orleans in December 2005, shortly after Hurricane Katrina, to help re-building activities.

In 2007, to help California homeowners facing foreclosures, Karatz established the Keep Your Home Foundation. He worked as a full-time volunteer for the HomeBoy Industries non-profit from May 2010 to August 2011. Today, he is a member of the board of directors of Homeboy Industries.

Karatz has received popularity over the years for supporting Democratic candidates, including Bill Clinton, Barack Obama, Al Gore, Antonio Villaraigosa, and Dianne Feinstein (according to public campaign finance records.)

Karatz: Awards, Nominations

Karatz has been known for his charitable work, including:

(1984) Karatz received the Humanitarian Award of the Year from the National Association of Christians and Jews (1984)

(1994) Award for Distinguished Work, The Aviva Center

(1995) Jack Webb Award, Historical Society of LA Police

The Legion of Honor Chevalier, Presented by Pres. France (1999) – legally rescinded due to misdemeanor prosecution.

(1996) Spirit of Life Award, National Medical Center of the City of Hope

Medal of Honor to Ellis Island, Independent Minority Alliance of Organizations (2003)

(2002) Crystal Angel Award, Foundation of Los Angeles Police

(2000) Humanitarian Distinguished Award, B’nai B’rith

(2012) community Service Award HomeBoy

(2004) Award for Human Relations, American Jewish Committee

What is Bruce Karatz’s net worth?

The net value of Bruce Karatz is expected to be roughly $126 million as of 2022. The approximate net valuation includes stocks, properties, and luxury goods such as yachts and private aircraft.

Karatz: Rumors, Controversy/Scandal

On 12 November 2006, Bruce Karatz retired from KB Home and decided to pay the Corporation the income he earned on the basis of back-dating options. On 15 September 2008, he settled civil claims filed by the Securities and Exchange Commission. 10th November 2010, a federal judge sentenced Karatz to five years’ probation, plus eight months’ house arrest.

Subsequently, a federal judge released an order calling for the immediate withdrawal of Karatz’s five-year probationary sentence effective April 27, 2012.

Bruce Body Measurements

There is no information about Bruce’s body weight, height, and other body measurements. But in his picture we can see that he has brown eyes, he has very little brown hair and has an average body.

Bruce Karatz Social Media

Bruce Karatz is not available on social media sites including Facebook, Twitter, and Instagram.

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Bruce Karatz's Birthday Dates