Michael Milken Net Worth
Between 1983 and 1987 alone, Michael earned over $1 billion in compensation as an employee of the firm Drexel Burnham Lambert. He earned $550 million in 1987 alone, which is the same as earning $1.5 billion today. In 1989, he was indicted on 98 counts of securities fraud and racketeering. He was ultimately sentenced to ten years in prison, which was eventually reduced to two. He served 22 months. He was also permanently barred from the securities industry by the Securities and Exchange Commission....