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Michael Milken (Entrepreneur) - Age, Birthday, Bio, Facts, Family, Net Worth, Height & More

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Michael Milken
Michael Robert Milken is an American former criminal, financier and philanthropist. He is recognized for his role in developing a high yield bond market, as well as convicted and sentenced after pleading guilty to breaking US securities laws. Since his release from prison, he has also been known for his charitable activities. Milken was pardoned by President Donald Trump on February 18, 2020. Milken was charged with fraud and securities fraud in 1989 during an insider trading investigation. Following a negotiation, he pleaded guilty to securities and reported breaches, but no ridicule or insider trading. Milken was sentenced to ten years in prison, fined $ 600 million and banned from trading in the securities industry permanently by the Securities and Exchange Commission. His sentence was then reduced to two years for cooperating with testimony against his former colleagues and for good behavior.
BornMichael Robert Milken, July 4, 1946, Encino, California, U.S.
CitizenshipUnited States
EducationUniversity of California, Berkeley (BS), University of Pennsylvania (MBA)
OccupationBusinessman, financier, philanthropist
Known forDeveloping the High-yield bond market, Indictment for securities fraud, philanthropy
Net worthUS$3.7 billion, (March 2020)
Criminal chargeRacketeering, securities fraud, etc.
Criminal penalty22 months imprisonment (actual time served), $600 million fine
Criminal statusReleased, Pardoned (February 18, 2020)
Spouse(s)Lori Anne Hackel (m. 1968)
Children3
RelativesLowell Milken (brother)

About Michael Milken

Michael Milken
Michael Milken

Entrepreneur Michael Milken was born on July 4, 1946 in California, United States (He's 77 years old now).

This businessman became well-known after his 1989 indictment on accusations of investment fraud and racketeering. He made his fortune in the high-yield bond market. He formed The Milken Group, a financial think tank based in California, after serving a two-year prison sentence and donating substantial sums of money to medical research.

All information about Michael Milken can be found in this post. It will clarify Michael Milken's info: biography, age, facts, income, family, husband & breakup of Michael Milken...

Michael Milken before becoming famous

Michael Milken was born in the Zodiac sign Cancer (The Crab), and 1946 is the year of the Chinese Zodiac Dog (狗).

He earned his MBA from the University of Pennsylvania's prestigious Wharton School after graduating summa cum laude from the University of California, Berkeley. Drexel Harriman Ripley was where he started his investment banking career.

Achievement of Michael Milken

Milken's financial clientele included Ted Turner (of Turner Broadcasting), Entrepreneur Craig McCaw (of Motorola), and Steve Wynn (of Wynn Resorts).

Michael Milken's Family, Spouse, Dating and Relationship

He grew raised in the West San Fernando Valley in Los Angeles. He married Lori Anne Hackel, his childhood sweetheart, and they had three children.

Michael Milken Collabed with

Despite his greed-related crimes, Milken was praised by author and economist Economist George Gilder, who claimed in his book Telecosm in 2000 that Milken's early-career reorganization of the financial sector resulted in enormous economic growth in America.

Michael Milken Income & Net worth

Michael Milken's income mainly comes from the work that created his reputation: an entrepreneur. Information about his net worth in 2024 is being updated as soon as possible by allfamous.org, you can contact to tell us Net Worth of the Michael Milken.

Michael Milken Height and Weight

How tall is Michael Milken? Information about Michael Milken height in 2024 is being updated as soon as possible by AllFamous.org. Or you can contact us to let us know how tall of Michael Milken.

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Latest information about Michael Milken updated on March 11 2023.