Michael Milken net worth and salary: Michael Milken is a Entrepreneur who has a net worth of $3.65 billion. Michael Milken was born in in July 4, 1946. Infamous for his 1989 indictment on charges of investment fraud and racketeering, this businessman built his wealth through his work in the high-yield bonds market. After serving a two-year prison term, he founded a California-based financial think tank called The Milken Group and also donated large amounts of money to medical research.
Michael Milken is a member of Entrepreneur
💰Michael Milken Net worth: $3.65 billion
About
Infamous for his 1989 indictment on charges of investment fraud and racketeering, this businessman built his wealth through his work in the high-yield bonds market. After serving a two-year prison term, he founded a California-based financial think tank called The Milken Group and also donated large amounts of money to medical research.
Before Fame
After graduating summa cum laude from the University of California, Berkeley, he received his MBA from the University of Pennsylvania's famous Wharton School. He began his investment banking career at Drexel Harriman Ripley.
Trivia
Ted Turner (of Turner Broadcasting), mobile phone magnate Craig McCaw, and casino owner Steve Wynn were among Milken's financial clients.
Family Life
He grew up in Los Angeles' West San Fernando Valley. He married his childhood sweetheart, Lori Anne Hackel, and raised three children.
Associated With
Despite his greed-based crimes, Milken received praise from author and economics expert George Gilder, who wrote in his 2000 book Telecosm that Milken's early-career re-organization of the financial market had resulted in significant economic growth in America.
