Ivan Boesky Net Worth 2023 – Salary, Income, Wife

Ivan Boesky Net Worth

Ivan Boesky has an estimated net worth of $200 million. Ivan Boesky is an American investment banker who was convicted of insider trading in 1986. The case against him led to the indictment of Michael Milken, a bond trader who specialized in high-risk bonds, so-called “junk bonds.”

To calculate the net worth of Ivan Boesky, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets.

All debts, such as personal loans and mortgages, are included in total liabilities. 

Here’s the breakdown of his net worth:

Name: Ivan Boesky
Net Worth: $200 Million
Monthly Salary: $1 Million
Annual Income: $20 Million
Source of Wealth: American banker

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Early Life

Boesky was the son of Russian immigrants, and his father became a well-known restaurateur in Detroit. Boesky attended the University of Michigan without graduating, although he later earned a law degree from the Detroit School of Law (1964).

After a brief stint as a paralegal and accountant in Michigan, he went to Wall Street in 1966 to work as a securities analyst.

With the support of his father-in-law, real estate magnate Ben Silberstein, Boesky started his own arbitrage firm in 1975.


By the early 1980s, Boesky, who worked as an arbitrage specialist and was affectionately known as “Ivan the Terrible,” amassed a fortune estimated at $200 million by betting on corporate acquisitions and mergers.

Along with other corporate financiers such as T. Boone Pickens and Sir James Goldsmith, Boesky exploited the gap between public and private market values to raid corporate targets.

This practice was legal as long as trading in the securities of the target companies was based on public knowledge of the impending takeovers.

In the mid-1980s, the U.S. Securities and Exchange Commission (SEC) investigated Boesky for certain investments he had made after receiving tips from corporate insiders about potential takeover targets.

Based on these tips, he had purchased securities of various companies, often making substantial purchases just days before a company publicly announced a takeover.

Such transactions brought Boesky substantial profits when news of the impending takeovers became public. Although using inside information to trade in public securities was illegal, the SEC rarely enforced the law.

In November 1986, Boesky pleaded guilty to one count of securities manipulation and agreed to cooperate with SEC in the ongoing investigation.

In return, he allowed the SEC to secretly record his conversations with various corporate insiders and takeover specialists, including junk bond trader Michael Milken.

Boesky’s cooperation led to an investigation into insider trading by Milken and his firm, Drexel Burnham Lambert. Both Drexel and Milken later pleaded guilty to violating securities laws.

As a result of his confession and cooperation with the SEC, Boesky was sentenced to three and a half years in prison, a $100 million fine, and a permanent ban from working in the securities industry.

After spending two years at the Lompoc Federal Prison Camp in California, Boesky was released from prison.

The actions of Boesky and others (including Milken) became emblematic of the greed and excess often seen as typical of 1980s Wall Street.

Prior to his guilty plea, Boesky had given an infamous speech at the University of California in 1986 in which he extolled the positive aspects of greed and stated that he believed greed was healthy.

Boesky’s remarks inspired a crucial moment in the 1987 film Wall Street, in which the fictional character Gordon Gekko (played by Michael Douglas) says in a speech to a company’s shareholders that greed is good.

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Personal Life & Wife

He divorced his wife in 1991 and she agreed to pay him $23 million and $180,000 a year for life. He and his wife have four children.

He has a daughter who works in the art world. His second wife is Ana Boesky, with whom he has a child together. He lives in La Jolla, California. His first cousin is Stuart J. Boesky.

Ivan Boesky Quotes

I think greed is healthy. You can be greedy and still feel good about yourself.

Ivan Boesky


Seek wealth, it’s good.

Ivan Boesky


I think “immoral” is probably the wrong word to use…I prefer the word “unethical.”

Ivan Boesky


My advice to this investor is the same that I give to the young investors in my classes Devote the same earnest attention to investing that $50,000 as you devoted to earning it.

Ivan Boesky


What good is the Moon? You can’t buy it or sell it.

Ivan Boesky


I’m the boss. I’m allowed to yell.

Ivan Boesky

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