Michael Franzese Net Worth, spouse, young children, awards, movies

$1,000,000

Michael Franzese, a famous American former mobster and captain of the Colombo crime family, has a net worth of $1 million. Born in Brooklyn, New York in 1951, Michael dropped out of college to engage in illegal activities, eventually becoming a capo regime for the Colombo family. He gained notoriety for his involvement in gasoline bootlegging and partnered with the Russian Mafia to sell millions of gallons of gas. Despite his criminal activities, Michael’s fortune placed him at number 18 on Fortune Magazine’s list of the Fifty Most Wealthy and Powerful Mafia Bosses in 1986, surpassing all other crime family leaders since Al Capone.

Key facts:

Michael Franzese was a former mobster and captain of the Colombo crime family.

He dropped out of college to become a captain of a crew for the Colombo family.

He was involved in gasoline bootlegging rackets and sold millions of gallons of gas with the Russian Mafia.

He made more money than anyone else for a crime family since Al Capone.

He was indicted on 14 counts of racketeering, counterfeiting, and extortion in 1986 and sentenced to 10 years in prison and $14 million in restitution.

He co-founded Motion Picture Marketing, a company in the film industry.

Michael partnered with booking agent Norby Walters and extorted a role for Walters in Michael Jackson's US tour.

He decided to leave the Colombo family in 1989 and was released from prison in the same year.

In 1991, he was sentenced to four years in prison for violating probation and was released in 1994.

He wrote an autobiography called "Quitting the Mob," which was published in 1992.

He is now the founder and chairman of the Breaking Out Foundation, and he works as a motivational speaker.

Basic Information About Michael Franzese

Category	Business › Criminals
Professions	Boss, Film Producer
Net worth	$1,000,000
Date of birth	1951-05-27 (74 years old)
Place of birth	Brooklyn
Nationality	United States of America
Gender	Male
Social Media	↗︎ Wikipedia