Inside Milken’s Pine Par­adise

Forbes - - Leaderboard Seat Of Power -

WHEN 69-YEAR- OLD Michael Milken’s jet-set sched­ule al­lows him to be home in Los An­ge­les, he works from his airy, pine-pan­eled sixth-floor of­fice in a Santa Monica build­ing where the Milken Fam­ily Foun­da­tion and the Milken In­sti­tute (a think tank) have their head­quar­ters. “Giv­ing your­self to oth­ers is the most im­por­tant thing. When you give, you get some­thing in re­turn,” says the fi­nancier, who was banned from the se­cu­ri­ties in­dus­try af­ter plead­ing guilty to fraud in 1990. Armed with a $2.5 bil­lion for­tune, he has de­voted his time to help­ing solve some of the world’s most in­tractable prob­lems. Through his groups he has given hun­dreds of mil­lions to ev­ery­thing from can­cer re­search to pub­lic health to ed­u­ca­tion re­form and has cre­ated a Davos-like yearly con­fer­ence in L.A. where the world’s power play­ers dis­cuss global is­sues.

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