Michael Milken
Businessman and philanthropist focusing on cancer research
Born
July 4th, 1946
78 years ago
Category
Thinkers & Philosophers
Country
United States
Links & References
A significant figure in American finance, facilitated the growth of the high-yield bond market during the 1980s. This innovation contributed to corporate financing strategies, particularly for leveraged buyouts. Later faced legal challenges, resulting in a guilty plea for securities fraud. Post-incarceration, shifted focus towards philanthropy, particularly in medical research and education. Established initiatives aimed at funding cancer research and supporting health causes, including the Milken Institute, which promotes policy solutions for various social challenges.
Developed the high-yield bond market
Pledged significant funding for cancer research
Founded the Milken Institute
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