Lowell Milken

$1.00 B

Ranked #1990 in World

About Lowell Milken

Lowell Jay Milken, born on November 29, 1948, in Los Angeles, California, and a distinguished University of California, Berkeley and UCLA alumnus, has made significant marks in both the business and philanthropic spheres. After starting his career in law, Milken became a key figure in Drexel Burnham Lambert's High Yield and Convertible Bond Department before being barred from the securities industry in 1991. Despite this setback, he became a prominent business leader, chairing companies like Heron International and co-founding Knowledge Universe. Beyond his business pursuits, Milken's philanthropic efforts are notable, including founding the Milken Family Foundation and various educational and cultural initiatives. His contributions to philanthropy and education have earned him accolades such as being named one of America's most generous philanthropists by Worth magazine in 2000 and receiving several honorary doctorates.

Born

January 01, 1949 in Encino, California, U.S.

Age

77 years

Source Of Wealth

Investments

Industries

Finance & Investments

Citizenship

United States

Residence

Los Angeles, California

Education

Bachelor of Arts/Science, University of California, Berkeley; LLB, University of California, Los Angeles

Lowell Jay Milken was born on November 29, 1948, in Los Angeles, California. He grew up in Encino, California, with his brother, Michael Milken. Lowell Milken's father, Fred Milken, was an accountant, and his mother, Dorothy Milken, was a homemaker.

Lowell Milken: Family

Lowell Milken is married to Lori Milken, and they have two children, Samantha and Zachary. His brother, Michael Milken, is a well-known financier and philanthropist.

Lowell Milken: Career Highlights

Lowell Milken began his career as a lawyer, specializing in business and tax law. He joined the law firm of Irell & Manella before moving to Drexel Burnham Lambert's High Yield and Convertible Bond Department in 1979. He rose to the position of departmental senior vice-president before resigning in 1989. In 1991, he was barred from working in the securities industry as part of a settlement with the Securities and Exchange Commission.

Despite this setback, Lowell Milken continued his successful career in business. He currently serves as chairman of Heron International and National Realty Trust Inc. He also co-founded Knowledge Universe with Michael Milken and Larry Ellison in 1996 and served as vice-chairman of Knowledge Universe Education and chairman of Knowledge Universe Education Holdings Inc.

Lowell Milken: Companies

Lowell Milken has been involved with several companies throughout his career, including:

Irell & Manella
Drexel Burnham Lambert
Heron International
National Realty Trust Inc.
Knowledge Universe
Knowledge Universe Education
Knowledge Universe Education Holdings Inc.

Lowell Milken: Major Achievements

Lowell Milken has achieved significant success in his career, including:

Co-founding Knowledge Universe, a leading education company.
Serving as chairman of Heron International and National Realty Trust Inc.
Establishing the Lowell Milken Family Foundation and the Milken Archive of Jewish Music.
Creating the Milken Educator Awards and the Teacher Advancement Program (TAP System for Teacher and Student Advancement).
Endowing the Lowell Milken Center for Music of American Jewish Experience at UCLA.

Lowell Milken: Awards & Achievements

Lowell Milken has received numerous awards and honors for his philanthropic work and contributions to education, including:

Named one of America's most generous philanthropists by Worth magazine in 2000.
Honored by the Jewish Theological Seminary of America in 2004.
Presented with a Doctor of Humane Letters, honoris causa, by Hebrew Union College in Los Angeles in 2009.
Recognized as one of UCLA School of Law's 2009 Alumnus of the Year.
Received an honorary Doctorate of Humane Letters from Chapman University's George L. Argyros School of Business and Economics in 2015.
Honored as the 2017 recipient of the James Bryant Conant Award by the Education Commission of the States.

Lowell Milken: Personal Life & Legacy

Lowell Milken is known for his philanthropic efforts and dedication to improving education. He has established numerous foundations and programs to support educators and students. He is also an avid collector of Jewish music and art.

Lowell Milken: Trivia

Lowell Milken is a licensed pilot.
He is a member of the board of trustees of the University of California, Berkeley.
He is a fellow of the American Academy of Arts and Sciences.
He has been featured in several publications, including The New York Times, The Wall Street Journal, and Forbes.

Wealth History

Timeline

November 29, 1948

Lowell Jay Milken was born in Los Angeles, California.

1979

Lowell Milken joined Drexel Burnham Lambert's High Yield and Convertible Bond Department.

1982

Lowell Milken co-founded the Milken Family Foundation and serves as its chairman.

1985

Lowell Milken created the Milken Educator Awards.

1986

Lowell Milken established the Lowell Milken Family Foundation.

1989

Lowell Milken resigned from Drexel Burnham Lambert.

1990

Lowell Milken founded the Milken Archive of Jewish Music.

1991

Lowell Milken was barred from working in the securities industry as part of a settlement with the Securities and Exchange Commission.

1996

Lowell Milken co-founded Knowledge Universe with Michael Milken and Larry Ellison.

1999

Lowell Milken founded the Teacher Advancement Program (TAP System for Teacher and Student Advancement).

2000

Lowell Milken was named one of America's most generous philanthropists by Worth magazine.

2004

Lowell Milken was honored by the Jewish Theological Seminary of America.

2007

Lowell Milken established the Lowell Milken Center for Unsung Heroes.

2009

Lowell Milken was presented with a Doctor of Humane Letters, honoris causa, by Hebrew Union College in Los Angeles and recognized as one of UCLA School of Law's 2009 Alumnus of the Year.

2011

Lowell Milken founded the Lowell Milken Institute for Business Law and Policy at UCLA School of Law.

2014

Lowell Milken established the Hoffmitz Milken Center for Typography at ArtCenter College of Design.

2015

Lowell Milken received an honorary Doctorate of Humane Letters from Chapman University's George L. Argyros School of Business and Economics.

2017

Lowell Milken was honored as the 2017 recipient of the James Bryant Conant Award by the Education Commission of the States.

2020

Lowell Milken endowed the Lowell Milken Center for Music of American Jewish Experience at UCLA.

2021

Lowell Milken donated to establish the Program on Philanthropy and Nonprofits at UCLA School of Law.

Lowell Milken : FAQs

What is Lowell Milken's net worth?

As of 2020, Lowell Milken's net worth was $1.00 billion.

What are Lowell Milken's main sources of wealth?

Lowell Milken's main source of income comes from Investments.

In which industry does Lowell Milken primarily operate?

Lowell Milken is primarily involved in the Finance & Investments industry.

What is Lowell Milken educational background?

Lowell Milken holds a Bachelor of Arts/Science from the University of California from Berkeley and a LLB from the University of California from Los Angeles.

How old is Lowell Milken?

Lowell Milken is 77 years old.

How many children does Lowell Milken have?

Lowell Milken has 4 children.

Who is Lowell Jay Milken and where was he born?

Lowell Jay Milken is a prominent figure known for his contributions in the field of business and philanthropy. He was born on November 29, 1948, in Los Angeles, California.

What key roles did Lowell Jay Milken play in his business career?

Lowell Jay Milken spent a significant part of his career in the financial sector, joining Irell & Manella for business and tax law, then moving to Drexel Burnham Lambert's High Yield and Convertible Bond Department in 1979. He later served as chairman of Heron International and National Realty Trust Inc., and co-founded Knowledge Universe with Michael Milken and Larry Ellison in 1996.

How has Lowell Jay Milken contributed to philanthropy?

Lowell Jay Milken has made substantial contributions to philanthropy through the Milken Family Foundation, the Lowell Milken Family Foundation, the Milken Archive of Jewish Music, the Milken Educator Awards, and more. He has also launched initiatives like the Teacher Advancement Program (TAP), the Lowell Milken Center for Unsung Heroes, and several institutions focused on education, health, and cultural preservation.

What awards and honors has Lowell Jay Milken received for his philanthropic efforts?

Lowell Jay Milken has been recognized with several awards for his philanthropy, including being named as one of America's most generous philanthropists by Worth magazine, receiving honorary degrees from Hebrew Union College and Chapman University, and being honored with the James Bryant Conant Award by the Education Commission of the States.

What educational achievements has Lowell Jay Milken accomplished?

Lowell Jay Milken graduated Phi Beta Kappa and summa cum laude from the University of California, Berkeley, and earned a J.D. degree from the University of California, Los Angeles, showcasing his commitment to education and academic excellence.