How rich is Michael Milken?
Michael Milken Net Worth:
|Birth date:||July 4, 1946|
|Birth place:||Encino, California, United States|
|Profession:||Entrepreneur, Businessperson, Banker, Financier|
|Education:||University of California, Berkeley|
|Nationality:||United States of America|
|Books:||The Taste for Living Cookbook|
Michael Milken net worth, wiki & biography:
American financier and philanthropist Michael Milken has an estimated net worth of $2.5 billion. He is #641 in the Forbes Billionaires List, #221 in the USA and #206 in Forbes 400.
Michael Milken Net Worth $2.5 Billion
Milken was born Michael Robert Milken a middle class Jewish family on July 4, 1946 in Encino, California. He graduated from Birmingham High School and the University of California, Berkeley with a B.S. with the best honors. Michael Milken has made millions in leveraged buyouts in the 1980s. In 1989, he was indicted for racketeering and securities fraud in a inside trading investigation. In 1990, he pleaded guilty following the government agreed to drop charges against his younger brother, Lowell. He was sentenced to ten years in prison, fined $600 million, and forever barred from the securities industry by the Securities and Exchange Commission.
After serving 22 months, Milken has committed himself to philanthropy. He invested in schooling businesses like interactive toy maker LeapFrog and educational outfit K12. He co-founded the Milken Family Foundation and chairman of the Milken Institute, a non-profit economic think tank. He is also a founder of medical research philanthropies financing research into melanoma, cancer as well as other life threatening disorders. He was a prostate cancer survivor and has given millions of attempts to eradicate the condition. He signed the Giving Assurance in December 2010, promising to contribute at least half of his wealth to charity.