Ivan Boesky is a stock trader from the United States. He is known to be involved in the insider trading scandal and has been charged with insider trading. Boesky received a three-year prison sentence and a $100 million fine. He was asked to become an informant, and his character has appeared in numerous films and television shows. On CNBC, he was featured in the documentary Empire of New York.
Quick Facts
| Celebrated Name: | Ivan Boesky |
| Real Name/Full Name: | Ivan Frederick Boesky |
| Gender: | Male |
| Age: | 86 years old |
| Birth Date: | 6 March 1937 |
| Birth Place: | Detroit, Michigan, United States |
| Nationality: | American |
| Height: | 1.85 m |
| Weight: | 80 kg |
| Sexual Orientation: | Straight |
| Marital Status: | Married |
| Wife/Spouse (Name): | Ana Boesky |
| Children/Kids (Son and Daughter): | Yes (William, Theodore, Jonathan, Marianne) |
| Dating/Girlfriend (Name): | No |
| Is Ivan Boesky Gay?: | No |
| Profession: | Stock trader |
Ivan Boesky Biography
Ivan Frederick Boesky was born in Detroit, Michigan on March 6, 1937.
Ivan Boesky Education
Ivan Boesky attended Cranbrook School before graduating from Mumford High School in Detroit. Boesky has also attended the University of Michigan, Wayne State University, and Eastern Michigan University. He later attended Michigan State University College of Law to study law. Boesky’s family owned a number of taverns and delicatessens in Detroit.
Ivan Boesky Age, Height, And Weight
Ivan Boesky was born on March 6, 1937, and will be 86 years old in 2024. His height is 1.85 m, and he weighs 80 kg.
Ivan Boesky Relationship And Affairs
Ivan Boesky married Seema Silberstein for the first time in 1962. They stayed together until 1991. Silberstein paid him $23 million in his divorce settlement. He has four children with Silberstein, one of whom is an art dealer. Later in life, he married Ana Boesky. They have one child and live in La Jolla, California, with his family.
Career
Ivan Boesky began his career as an adjust professor at Columbia University’s Graduate School of Business. He was then appointed to the same position at New York University’s Graduate School of Business.
Boesky then began working in stock brokerage firms and relocated to New York. In 1975, he established Ivan F. Boesky & Company, his own stock brokerage firm. His business was a huge success thanks to partnerships and buy-in investments.
With success, he advanced to the position of arbitrageur. In December 1986, he was even featured on the cover of Time magazine. Boesky was known for always being on the phone. He reportedly became Wall Street’s highest-paid trader in 1985. During his peak career, he saw $3 billion in investments.
A group of partners, however, sued him for falsifying documents. During an investigation, it was discovered that the massive stock purchases occurred just a few days before a corporate takeover. As a result, he was charged.
Michael Milken brought another case against Ivan Boesky. Boesky was sentenced to 3.5 years in prison and fined $100 million. He was released after two years, but he was barred from working with securities for the rest of his life. He has also paid hundreds of millions of dollars in fines as compensation for his release.
This harmed Boesky’s reputation, and there were numerous other insider scams. He then enrolled in Judaism classes at the Jewish Theological Seminary of America. The Jewish Theological Society was fined $20 million as a result of the scandal.
Ivan Boesky Awards
Ivan Boesky has never received an award in his career. Despite his active career, he has never been recognized with an award. His career suffered as a result of his involvement in the “Insider Trading Scandal.”
Ivan Boesky’s Net Worth In 2024
Ivan Boesky’s net worth is estimated to be around $4 million as of March 2024. His net worth decreased as a result of his imprisonment. During his peak career, he had a net worth of more than $200 million, which would be nearly $500 million today. He was, however, charged and fined hundreds of millions of dollars. He is barred from trading in securities, but he also received a large sum of money from his ex-wife.
After launching his company, Ivan Boesky earned the reputation of a successful businessman. However, with charges filed against his partners, his image suffered. Not only that, but he was barred from working on securities for the rest of his life. People are still familiar with him because he has been the subject of films and television shows. He now lives in California with his family as a result of his downfall.
