Michael Cohen Net Worth

How much is Michael Cohen Worth?

in Richest BusinessmenLawyers
Michael Cohen net worth:
$20 Million

Michael Cohen's Salary

$1 Million

Michael Cohen net worth and salary: Michael Cohen is an American lawyer who has a net worth of $20 million. Michael Cohen's salary at The Trump Organization was a tiny bit more than $1 million per year. Michael Cohen was raised on Long Island, New York and graduated from American University. He is best known for being Donald Trump's personal attorney. He is also an attorney for The Trump Organization. Cohen volunteered for Michael Dukakis during his 1988 presidential campaign. In 2003 he ran for New York City Council and in 2010 he campaigned for a seat in the New York State Senate. Cohen was a partner at the Phillips Nizer law firm. He joined the Trump Organization where is serves as Executive Vice-President as well as a co-president of Trump Entertainment. Cohen was involved in Trump's succesful 2016 presidential campaign and is a member of the board of the Eric Trump Foundation. In February of 2018 it was revealed that Mr. Cohen paid an adult entertainer named Stormy Daniels $130,000. The implication has been that the payment was to keep Ms. Daniels quiet after she allegedly had an affair with Donald back in 2006. In April 2018, Cohen's office and home were raided by the FBI.

Taxi Medallions: Outside of the law, Cohen is something a taxi medallion tycoon. At one point Cohen reportedly owned or co-owned more than 200 New York City taxis medallions at a time when a single medallion was worth $1 million. Cohen reportedly sold his stake in at least one of his taxi companies to Ukrainian businessman Simon Garber. In 2012, Garber filed a lawsuit claiming Cohen had failed to pay a number of insurance settlements resulting from accidents involving their taxis. Arbitration documents from this case showed that Cohen had been making roughly $1 million per year from the taxi medallions they owned together. For some time, Cohen reportedly co-owned a large number of taxi medallions with a Russian named Evgeny Freidman. At his peak, Evgeny owned more taxi medallions than any other individual in New York City. In 2018 the majority of Freidman's medallions were auctioned off to satisfy outstanding debts. The auction raised approximately $24 million

Other ventures: In 2003, Cohen invested $1.5 million to own a 30% stake in a Florida riverboat casino. That casino went bust after just a few months and set off more than 25 lawsuits from creditors. Cohen was not personally a defendant in any of those lawsuits. In 2006 he reportedly invested in in a Ukrainian ethanol business.

In 2015, Cohen reportedly purchased a $58 million apartment building in New York City's Upper East Side. His family members also reportedly own 12 apartment units in Trump buildings around the country. When Cohen became a subject of federal investigation into his business dealings, he reportedly complained to an associate that his legal bills were "bankrupting him". His legal bills reportedly top more than $100,000 per month.

Michael Cohen Net Worth

Michael Cohen

Date of Birth
Aug 25, 1966 (51 years old)
All net worths are calculated by applying a proprietary algorithm. The results are then fact checked and confirmed by a team of editors. We scan all publicly available data and resources and work diligently to ensure that our numbers are the most accurate and up to date net worth data you will find anywhere on the internet.
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