| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $1 million | N/A | May 1951 | Brooklyn, New York | Male | N/A | Mobster, Motivational Speaker | American |
What is Michael Franzese’s Net Worth?
Michael Franzese, a former American mobster and captain of the Colombo crime family, has an estimated net worth of $1 million.
Highlights
- Net Worth: $1 million
- Birthdate: May 1951
- Birthplace: Brooklyn, New York
- Gender: Male
- Profession: Mobster, Motivational Speaker
- Nationality: American
Early Life
Michael Franzese was born in Brooklyn, New York in May 1951. He is the son of the reputed Colombo underboss John “Sonny” Franzese.
Career
Michael dropped out of college to become a capo regime (captain) of a crew for the Colombo family. He was involved in the gasoline bootlegging rackets and sold millions of gallons of gas with the Russian Mafia. In 1986, he was listed as #18 on Fortune Magazine’s Fifty Most Wealthy and Powerful Mafia Bosses, earning more money than anyone else in a crime family since Al Capone.
During his career, Michael partnered with booking agent Norby Walters and extorted a role for Walters in Michael Jackson’s US tour. He also co-founded Motion Picture Marketing.
In 1986, Michael was indicted on 14 counts of racketeering, counterfeiting, and extortion from the gasoline bootlegging racket. He was sentenced to 10 years in prison and $14 million in restitution. However, he decided to leave the Colombo family in 1989 and was released from prison in the same year. He faced another sentence of four years in 1991 for violating probation but was released in 1994.
Michael shared his story and experiences in his autobiography titled “Quitting the Mob,” published in 1992. He has since become a motivational speaker and the founder and chairman of the Breaking Out Foundation.
Personal Life
Information on Michael Franzese’s personal life is not provided in the given content.
Net Worth Over Time
Over the years, Michael Franzese’s net worth has been estimated at $1 million. It is important to note that net worth estimations are based on available public sources and may not be completely accurate.
Components of Net Worth
Michael Franzese’s net worth includes various assets and financial holdings he has acquired throughout his career and life. These may include properties, investments, business ventures, and other sources of income. However, specific details on the components of his net worth are not provided in the given content.
In conclusion, Michael Franzese, the former mobster turned motivational speaker, has a net worth of approximately $1 million. He achieved significant wealth during his involvement in the Colombo crime family but decided to leave that life behind. Today, he focuses on inspiring others through his speaking engagements and the Breaking Out Foundation.