Michael Franzese is a former gangster and mafia caporegime. He has a net worth of $1 million. You are wrong if you believe that crime families, mafias, drug cartels and syndicates are only shown in movies. They may be among us, going about their daily lives. Franzese is a former mobster, mobster and leader of a criminal organization known as the Colombo crime family. At the height of his gangster career, Michael Franzese had a far higher net worth.
Michael Franzese Salary and Earnings
Michael Franzese is a former mobster and mob boss. As of January 2024, he has a net worth of $1 million. However, this was not always the case. At one point he was a multi-millionaire, reportedly earning $8 million every week. He was even ranked number 18 on Fortune magazine’s list of the “Fifty Richest and Most Powerful Mafia Bosses”. Since being in prison, he claims to have chosen the path of honesty. Coming from a crime family and making millions of dollars a week, Michael Franzese’s net worth is now $1 million, a significant decrease from what he saw, but enough to make him a millionaire.
Lifestyle
Michael Franzese was born in New York City on May 27, 1951, to John “Sonny” Franzese, then underboss of the Colombo crime family, and his mother, Cristina Franzese. After graduating from high school, Franzese enrolled in the pre-med program at Hofstra University. He said in numerous publications that he wanted to be a doctor as a child. But that didn’t happen as he quit two years later. He had to drop out of medical school to support his family when his father, then underboss of the Colombo crime family, was accused of robbery and sentenced to 50 years in prison.
Franzese always looked up to his father and considered him an idol, so he followed in his father’s footsteps into a life of crime. While he was the head of the Colombo crime family, Michael Franzese led an expensive and luxurious life. He had his army working for him, as well as money and everything else a man could want. He lived in a $3 million Westwood home and drove around in luxury cars, private jets, yachts and helicopters. But everything changed when it was closed in 1986.
Michael Franzese Charity
Michael Franzese Ministries is a non-profit religious organization that he founded. The organization was founded with the altruistic goal of establishing a relationship between God and mistreated, misguided young people and prisoners. The group helps young people prone to crime by guiding them in the way of God, helping them to join the local church and earn their living by honesty and faith. The inspiration comes from Michael’s personal experience of discovering Jesus behind bars when a prisoner gave him a Bible and how it changed his life.
Career of Michael Franzese
We all know that Michael Franzese was a legendary crime boss in the 1980s who worked as a capo regime for the Colombo crime family. Franzese established himself as an author and motivational speaker after declaring his departure from mob mentality. He has published six novels so far. He also has a YouTube channel called Michael Franzese, where he discusses his ‘evil past’ as a mobster and inspires young people to choose a life of honesty and faith.
Categories: Entertaintment
Source: HIS Education