As Donald Trump’s go-to guy, Michael Cohen net worth is considered low. If you are curious about it, keep reading this article to know more about his story and why he had a minus net worth.
|Stage Name||Michael Cohen|
|Legal Name||Michael Dean Cohen|
|Date of Birth||August 25, 1966|
|Height||6’ 1” (1.80 m)|
|Net Worth||– $1 million|
|Salary / earning / income per year||$1 million (in the past)|
|Profession||Lawyer, Politician, & Businessman|
Table of Contents
Introducing Michael Cohen
Before discussing Michael Cohen net worth, let’s look at his short biography.
- Legal Name & Stage Name: Michael Dean Cohen is publicly known for Michael Cohen.
- Date of Birth: Cohen was born in 1966, in NY, USA. He celebrates his birthday every year on August 25.
- Gender & Height: A former Trump lawyer with a height of 1.80 m.
- Nationality: Michael Cohen is a Citizen of the USA.
- What is Michael Cohen Best Known for? Michael Cohen is best known as someone who used to do his job for Donald Trump.
More About Michael Cohen
There is not much to figure out about Michael Cohen’s early life. It was known that he is originally from Lawrence, NY, and was born to a surgeon father and nurse mother. His belief is Ashkenazi Jewish. Cohen’s best friend is Felix Sater, whom he had known since kid and they worked for the deal of Trump Tower Moscow. Sater was a real estate developer and connected to the Russian Mafia as a convicted criminal.
- Lawrence Woodmere Academy
- American University
- Thomas M. Cooley Law School
- Personal life:
- Michael Cohen’s spouse is Laura Shusterman and they got married in 1994.
- The couple has two beloved children named Jake and Samantha.
- Laura’s father is the one who brought him to Donald Trump.
Michael Cohen’s Career
His long-time career started when Cohen worked as a private attorney, law firm partner, and other practices. Michael Cohen has worked for Atlantic Casino, CEO of MLA Cruises, Inc., and Melvyn Estrin, before his next career for Donald trump.
The amount of Michael Cohen net worth before he was convicted is considerably staggering. Every posh car, jewels, and the luxury estate also come from his work in Business. He was listed in 2003 as the co-owner of Taxi Funding Corp. 14 Years later, he possess 34 taxi medallions and received warrants for the $55.000 unpaid taxes. Further, he became part of real estates ventures in Manhattan.
1988 is the year when he joined Michael Dukakis’s presidential campaign. It also marked his first involvement in the political world. Cohen switches his political sides several times during his entire career. He had been famously known for voting for Obama as well as running for the New York City Council in 2003 as a Republican candidate. One of the highlights of his career is when he helped Trump during the presidential campaign and fixed every mess Trump created. Nevertheless, Cohen’s actual political stance remains volatile depending on whom he got most of the advantages from.
Michael Cohen Net Worth
Michael Cohen net worth at this point is reckoned to be – $1 million. However, Michael Cohen and his spouse stated their wealth for $40 million in 2016.
Aside from his legal career, Michael Cohen was involved in some business sectors including real estate, taxi, and joining the Trump Organization. Long before that, he is unsuccessfully doing investments in casino boats and ethanol businesses. All the failures did not make him give up, only made him fight harder than ever.
Based on the reports, he was also connected to the Russian mafia and by then Michael Cohen net worth was increased to $350.000 in 1999. In 2014 when he was active doing investment in real estate, Cohen gained profit for $21 million. Regardless, there are no official details of how much wealth or salary he has earned from the shadowy Business throughout his entire career.
- Real estate
The list of Michael Cohen net worth or income from real estate is extremely fascinating. As someone who was known as a real estate tycoon, Cohen and his family is reported to own luxurious estates. In 2001, he owns apartment units in Trump World Tower. 15 years later he bought an apartment building for $58 million in Upper East Side. To add more, Cohen’s extended family still owns estates in the US.
- Sport cars
Michael Cohen has already driven a Porsche since he went to the university. He has been involved in importing lavish cars and reportedly possesses other posh vehicles as well. Yet, there are no official lists about Michael Cohen net worth or income vehicles.
Even though Michael Cohen net worth is recently minus, he used to receive an annual salary of $1 million before getting raided by the Feds. In addition, sometimes he earned more figures unexpectedly for every contract and deal he has done.
- How much will Michael Cohen make from his book?
In 2019, it was predicted that Cohen could earn $1.5 million from a book that will be released after his prison serving time. Later, he launched the book with the title Disloyal: A Memoir in 2020 which was written by him from prison. Yet, there is no exact number of how much Michael Cohen net worth gained from the book that has been published a year ago.
- How does Michael Cohen make money?
Michael Cohen net worth and the luxurious lifestyle he possessed were from the work he has done in Legal, Business, Investment, and many more.
How did Michael Cohen lose his money?
As a Trump advisor and fixer, Cohen is popular for earning money not just from the good work but also the shady one. His castle started to crumble when it was revealed by the media that Cohen transferred $130.000 to Stormy Daniels for her infidelity with Donald Trump many years ago.
Later, Trump stated the payment was just a brief transfer and do not violate any regulation, which was followed by the Feds raiding Cohen’s office and house. Long story short, Cohen pleaded guilty to deceiving Congress made contribute to illegitimate campaigns. In the end, he was convicted in jail for three years and paid millions of dollars for it including $1.9 million in legal fees, selling his assets, and many more. Moreover, he ought to beg for bucks in GoFundMe. Those are the brief explanation of Michael Cohen net worth.
Is Michael Cohen Still Active?
Michael Cohen might be retired from his job in business, politics, and legal. However, he is currently focusing on his life after prison and doing another job as a writer.
The media reported that Michael Cohen has been released in 2021 and is now presently focusing on another book in the process while doing a podcast.