Profile

Bruce Karatz

Philanthropist
Male
Born Oct 10, 1945
Age 70
Hometown United States

Bruce Karatz is an American homebuilder and philanthropist noted for his role as CEO in the development of KB Home from 1972 through 2006, and for his philanthropic efforts to help re-build Los Angeles after the L.A. Riots and New Orleans following Hurricane Katrina. On April 21, 2010, Karatz was found guilty of two counts of mail fraud and two counts of making a false statement. He was acquitted of 16 others charges, including securities fraud and filing false proxy statements.… Read More

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Romance

Check out the latest love interests for Bruce Karatz.

  • Tracy Richman
    Fling 2005
    Spacer
  • Sandra Lee
    Married 2001 - 2007
    Ic 4850133

News + Updates

Browse recent news and stories about Bruce Karatz.

  • Feb2013 hidi broad 1725x810 pan 23289
    Eli Broad: A Most Unreasonable Man
    Inc. Magazine - Feb 05, 2013
  • Federal Judge, ‘Like So Many Others,’ Files For Bankruptcy
    The Wall Street Journal- Law Blo - Apr 25, 2012
  • A Shortage Of Local, Professional, Accountability Reporting Santa Barbara View
    Google News - Jun 15, 2011
  • Homeboy Industries Expands With Diner At City Hall Los Angeles Times
    Google News - Jun 11, 2011

Timeline

Learn about the memorable moments in the evolution of Bruce Karatz.

CHILDHOOD

1945 Birth Born on October 10, 1945.

TEENAGE

1963 17 Years Old Karatz was born in Chicago, Il and raised in Minneapolis, Minnesota to a middle class Jewish family where his father owned a movie theater and his mother was a homemaker. He graduated from high school in 1963 and from Boston University in 1967.

TWENTIES

1970 24 Years Old Karatz received his Juris Doctor degree from the University of Southern California in 1970.
1972 26 Years Old In 1972, Karatz joined Kaufman & Broad (the company took the KB Home name in 2001) as an associate general counsel.

THIRTIES

1977 31 Years Old After spending a short time as an in-house counsel, Karatz moved to the home building side of the business and soon thereafter became head of KB Home’s French division. He made a mark in 1977 when he installed a full-sized model home on the roof of the Au Printemps department store. … Read More
1981 35 Years Old In 1981 Karatz re-joined the Los Angeles headquarters of KB Home and in 1986 was named CEO. … Read More

FIFTIES

1996 50 Years Old In the early 1990s, when the real estate market in Southern California collapsed, Karatz moved aggressively to expand the company by acquiring other regional home builders such as the San Antonio-based builder Rayco for $105 million in 1996. … Read More
2001 55 Years Old Karatz lives in Los Angeles and has three adult children, Elizabeth, Matthew and Teddy, and four grandchildren. He was married from 2001 to 2005 to Sandra Lee. … Read More
2004 58 Years Old In a November 2004 cover article, The USA Today said of him, “Karatz brings honesty that people around him notice.” … Read More

LATE ADULTHOOD

2006 60 Years Old On November 12, 2006 Karatz agreed to leave KB Home and to pay the company the difference between the initial strike price of his stock options and the closing price on the new “measurement date” for options he had exercised that were incorrectly priced.
2007 61 Years Old In 2007, Karatz founded the Keep Your Home Foundation to support people in California facing foreclosures as a result of the mortgage crisis. … Read More
2008 62 Years Old In 2008, in resolution of the November 12, 2006 agreement with the company, Karatz paid $8.5 million to KB Home. … Read More
2009 63 Years Old In March 2009, Karatz was indicted for his role in option granting process at KB Home. … Read More
…  On April 21, 2010, Karatz was found guilty of two counts of mail fraud and two counts of making a false statement. … Read More
Original Authors of this text are noted on http://en.wikipedia.org/wiki/Bruce_Karatz.
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