What You Need To Know About Rick Caruso, Billionaire Chair Of USC’s Board Of Trustees

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What You Need To Know About Rick Caruso, Billionaire Chair Of USC’s Board Of Trustees
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In a twist that seems pulled from a movie script, Lori Loughlin's daughter was aboard Caruso's 215-foot yacht when news broke that the actress was one of more than 50 people charged in a college admissions scheme.

Share to twitterWhen he's not managing scandals at his alma mater, Rick Caruso manages his portfolio of Southern California real estate, which includes LA's popular Grove shopping center.Billionaire real estate developer Rick Caruso finds himself in an uncomfortable position this week.

“My daughter and a group of students left for spring break prior to the government’s announcement yesterday,” Caruso, where the report originally appeared on Wednesday. “Once we became aware of the investigation, the young woman decided it would be in her best interests to return home.” Caruso’s connections to USC run deep. His father, Hank, attended the school, and Caruso himself graduated in 1980 with a business degree. All four of his children have attended the university, including his youngest, who is currently a freshman and reportedly friends with Loughlin’s daughter Olivia Jade.

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