Ernst & Young recently announced that Los Angeles developer and businessman Rick J. Caruso will receive the 2012 Master Entrepreneur of the Year Award for Greater Los Angeles. With this award, Caruso joins the ranks of past Master Entrepreneur of the Year winners Earvin “Magic” Johnson, Alfred E. Mann, James Power and John E. Anderson. Caruso will receive this prestigious award during the Ernst & Young Entrepreneur Of The Year Awards gala in at the Beverly Hills Hilton on June 19, 2012.
Now in its 26th year, the Entrepreneur of the Year program celebrates entrepreneurs who have demonstrated excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. In 2011 alone, the EOY nominees from Los Angeles employed 28,000 people and generated more than $10 billion in annual revenue.