Oaktree Capital Management co-founder Howard Marks, whose estimated net worth sits at approximately $2.2 billion (£1.7 billion), told Indian entrepreneur Nikhil Kamath that his 48-year career in bonds began with a phone call he did not seek and a job he did not choose.
Speaking on the People by WTF podcast, the 80-year-old said a superior at Citibank asked him in August 1978 to investigate a California financier named Michael Milken and a nascent asset class called high-yield bonds. 'That put me here today,' Marks said. 'Forty-eight years later.'
