Bruce Karatz

Born Oct 10, 1945

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


1945 Birth Born on October 10, 1945.


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.


1968 22 Years Old Karatz has been married three times. From 1968 to 2001, he was married to Janet Dreisen, an art consultant and board member of various arts and other non-profit institutions in Los Angeles.
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.


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


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 From 2001 to 2005 he was married to Sandra Lee, a television personality. … Read More
2005 59 Years Old 1 More Event
In 2005, Karatz’ last full year as Chairman and CEO, KB Home’s profits were $1.29 billion.


2006 60 Years Old On November 12, 2006, Karatz retired from KB Home and agreed to pay the Company the profits he received based on KB Home’s stock option back-dating procedures.
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 On September 15, 2008, Karatz settled civil charges brought by the Securities and Exchange Commission ("SEC") arising out of these stock option back-dating procedures.
2010 64 Years Old On November 10, 2010, a federal judge sentenced Karatz to probation for a term of five years, including eight months of home detention, for his role in the Company’s stock option back-dating procedures.
2012 66 Years Old The federal judge later entered an order providing for the early termination of Karatz’s five-year term of probation effective April 27, 2012. … Read More
2013 67 Years Old 1 More Event
…  In March 2013, Karatz was a recipient of The Malibu Times' 23rd Annual Dolphin Awards.
2014 68 Years Old In October 2014, Karatz partnered with Guy Nafilyan, the former Chairman and CEO of Kaufman & Broad France, to create the Paris-based real estate development company called Nafilyan & Partners. … Read More
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