Bond King, Felon, Billionaire Philanthropist: The Nine Lives of Michael Milken

The former financier is putting $500 million into the Milken Center for Advancing the American Dream

Roberto Parada

Michael Milken wants to live forever.

The billionaire, who made his name in the 1970s and ’80s as the architect of the high-yield bond market before pleading guilty to securities and tax violations and spending nearly two years in prison, next year plans to begin unveiling a 300,000-square-foot monument to social mobility and capitalism in Washington, D.C.

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