Michael Milken
$6.5B
as of 07/05/24
About Michael Milken
Mike Milken joined what became investment bank Drexel Burnham Lambert in 1969 and expanded the market for high-yield junk bonds.
He was banned from the securities industry after pleading guilty to securities fraud in 1990. In February 2020, President Trump pardoned him.
Milken chairs the Milken Institute think tank, which produces the annual Milken Global Conference in Los Angeles, the Davos of the West Coast.
His investments include private equity, hedge funds, venture capital and more than one asset management firm.
He's donated $500 million of his fortune on the Center For Advancing The American Dream in Washington DC, which including outside funding is expected to cost $1 billion.
Personal stats
Citizenship
United States of AmericaSource of wealth
InvestmentsResidence
Los Angeles, CaliforniaMarital status
MarriedBirth date
07/04/46 (age 78)Number of children
3Education
Bachelor of Arts/Science, University of California, Berkeley; Master of Business Administration, University of Pennsylvania, The Wharton SchoolSelf-made
self-madeMichael Milken’s fortune is worth
108K
troy ounces of gold
100K
median U.S. household
65K
median U.S. income
0.13%
U.S. credit card volume
0.026%
GDP of the United States
0.019%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
Milken founded what is now called the Prostate Cancer Foundation in 1993 after his own battle with prostate cancer.
Net worth over time
Real-time ranking
Financial assets
NYSE | ARES-US
Ares Management LPNYSE | LRN-US
K12NYSE | LF-US
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