339 Michael Milken: Junk Bond King to Philanthropy Icon

*From Wall Street to Philanthropy: The Michael Milken Story*
Discover how Michael Milken, once labeled the 'junk bond king,' transitioned from a financier embroiled in legal controversies to a dedicated philanthropist. Initially celebrated for revolutionizing the high-yield bond market at Drexel Burnham Lambert, Michael Milken's career took a dramatic turn in 1989 when he faced allegations of securities fraud. After pleading guilty and serving two years of a ten-year sentence, he shifted his focus towards philanthropy.
Post-incarceration, Michael Milken has become known for his substantial charitable contributions, particularly in medical research and public health. As a co-founder of the Milken Family Foundation and chairman of the Milken Institute, he has deployed his wealth in fighting diseases, including funding significant research into melanoma and other cancers. His efforts in these areas have marked him as a prominent figure in philanthropic circles dedicated to improving global health.