- Michael Robert Milken is an American former financier and philanthropist
Born: | 04 July 1946 Comment | How old is Michael Milken in 2024? / Age: | 77 years
| Zodiac sign: | Cancer |
Michael Milken Net worth 2024 (estimated)
| How much is Michael Milken worth? | Under review
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Michael Milken facts
- He is noted for his role in the development of the market for high-yield bonds ("junk bonds"), for his conviction following a guilty plea on felony charges for violating U
- S
- securities laws, and for his charitable giving
- Milken was indicted for racketeering and securities fraud in 1989 in an insider trading investigation
- As the result of a plea bargain, he pleaded guilty to securities and reporting violations but not to racketeering or insider trading
- Milken was sentenced to ten years in prison, fined $600 million, and permanently barred from the securities industry by the Securities and Exchange Commission
- His sentence was later reduced to two years for cooperating with testimony against his former colleagues and for good behavior
- His critics cited him as the epitome of Wall Street greed during the 1980s, and nicknamed him the "Junk Bond King"
- Supporters, like George Gilder in his book, Telecosm (2000), state that "Milken was a key source of the organizational changes that have impelled economic growth over the last twenty years
- Most striking was the productivity surge in capital, as Milken
Bio / wiki sources: Wikipedia, accounts on social media, content from our users.
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