Michael Milken Bio | Wiki
Michael Milken is a well-known American financier famous for his role in the development of the market for high-yield bonds. He was also convicted and sentenced following a guilty plea on felony charges of violating U.S. securities laws. In addition, he has a net worth of $6.5 Billion according to Forbes list of 2023.
Michael Milken Age
He was born in Encino, California, in the United States on July 4, 1946. Milken is 77 years old and celebrates his birthday every year on July 4.
Michael Milken Height
He is a man of average stature. Milken stands at a height of 5 ft 8 in ( approx. 1.73m ).
Michael Milken Family
He was born in Encino, California, in the USA to middle-class parents. Milken holds American nationality and is from a Jewish family. He is the son of Bernard Milken and Ferne Milken.
Michael Milken Wife
He married his supportive wife Lori Hackel in 1968. The couple dated since high school. They have three all-grown children Bari Milken-Bernstein, Gregory A. Milken, and Lance A. Milken. Moreover, he follows a vegetarian-like diet rich in fruits and vegetables for its health benefits and has co-authored a vegan cookbook with Beth Ginsberg.
Michael Milken Education
He attained his high school diploma from Birmingham High School where he was the head cheerleader. Milken then enrolled at the University of California, Berkeley where he graduated with a B.S. with highest honors in 1968. During his time, he was elected to Phi Beta Kappa and was a member of the Sigma Alpha Mu fraternity. Moreover, he received his MBA from the Wharton School of the University of Pennsylvania.
Michael Milken Books
He has published three books which include:
- The Taste for Living Cookbook in 1998
- The Taste for Living World Cookbook in 1999
- Faster Cures in 2023.
Michael Milken Prostate Cancer | Health | Prostate Cancer Treatment | Cancer
In 1993, he was diagnosed with advanced prostate cancer in the same month he was released. His cancer was treated with hormone-lowering drugs and radiation. He is a prostate cancer survivor and he has devoted significant resources to research on the disease.
Michael Milken Book
In April 2023, he published his book, Faster Cures on Accelerating the Future of Health. The book races the life-extending acceleration of progress in medical research, public health, and also clinical treatments over the seven decades since Milken’s childhood. Moreover, the book has 384 pages published by HarperCollins.
Michael Milken Junk Bonds | Junk Bond King
He is famous for the development of the market for high-yield bonds (“junk bonds”). His network of high-yield bond buyers notably Fred Carr’s Executive Life Insurance Company and Tom Spiegel’s Columbia Savings & Loan had reached a size that enabled him to raise large amounts of money quickly by the mid-1980s.
Moreover, he had a reputation for being able to make markets for any bonds that he underwrote. He points out that high-yield bonds go back hundreds of years, having been issued by the Massachusetts Bay Colony in the 17th century.
Michael Milken House | Home
He listed his Pacific Palisades Estate Goes for Sale for $64 Million. The Milken Family Foundation includes a 13,000-square-foot main house and a 3,000-square-foot guest house. His home is part of the Palisades Rivera area of the Palisades which is one of the most exclusive neighborhoods in the city.
Furthermore, the main house boasts six bedrooms, 10 bathrooms, two studies, a professional media room, a large game room that opens to the backyard and two playrooms, a massive kitchen and a family room, and also an 800-square-foot gym on the lower level. The guest house has two bedrooms and four bathrooms, one of which features a Japanese spa soaking tub.
Michael Milken Documentary
The bond trading scandals of the 1980s are partly based on Milken’s “fall from grace” on Ayad Akhtar’s play, Junk. He is the inspiration for the main character in the play. He was also referenced by Hank Scorpio in The Simpsons episode “You Only Move Twice”.
Michael Milken Institute
Steven Knapp president of George Washington University in Washington announced the university was renaming its public health school in March 2014. This was after Milken as a result of a total of $80 million in gifts, $50 million from the Milken Institute and the Milken Family Foundation, and a $30 million gift from Viacom chairman Sumner Redstone. The gifts are designated for research and scholarship on public health issues.
Michael Milken Foundation | Cancer Foundation
Milken founded the Prostate Cancer Foundation for prostate cancer research upon his release from prison in 1993. The Foundation works closely with Major League Baseball through its Home Run Challenge program to promote awareness of prostate cancer. Moreover, it also raises money for medical research.
Michael Milken Diet | Diet for Cancer
His cancer was treated with hormone-lowering drugs and radiation after being diagnosed in 1993. Milken also overhauled his diet where he replaced double cheeseburgers and corned beef sandwiches with soy shakes and raw vegetables. Moreover, he also got serious about exercise and meditation which helped him heal.
Michael Milken Political Party
He was accused of a litany of misconduct, including insider trading, stock parking, tax evasion, and numerous instances of repayment of illicit profits in March 1989 on 98 counts of racketeering and fraud. Boesky paid Drexel $5.3 million in 1986 for Milken’s share of profits from illegal trading.
He pleaded guilty to six counts of securities and tax violations on April 24, 1990. Moreover, Judge Wood estimated that the “total loss from Milken’s crimes” was $318,000, less than the government’s estimate of $4.7 million in a statement to a parole board in 1991He was sentenced to three years which was later reduced to two years from ten serving 22 months.
Michael Milken Net Worth
Milken is a 77-year-old American financier and philanthropist who has attained a decent fortune of $6.5 Billion as of 2023.
Michael Milken Net Worth 2020
In 2020, Michael had a net worth of $5.5 billion.
What Did Michael Milken Do
He investment strategy of high-yield junk bonds as an executive at the Drexel Burnham Lambert, Milken served almost two years in prison for securities fraud. He was accused of a litany of misconduct, including insider trading, stock parking, tax evasion, and numerous instances of repayment of illicit profits in March 1989.
What Is Michael Milken Diet
Milken overhauled his diet where he replaced double cheeseburgers and corned beef sandwiches with soy shakes and raw vegetables. Moreover, he also got serious about exercise and meditation
How Much Money Is Michael Milken Worth
He has an estimated net worth of $6.5 Billion and works as an American financier and philanthropist.