Michael Franzese is a former gangster and mafia caporegime. He has a net worth of $1 million. If you believe criminal families, mafias, drug cartels, and syndicates are exclusively shown in movies, you’re mistaken. They may be among us, going about their daily lives. Franzese is a former mafia member, a mobster, and the leader of a criminal organization known as the Colombo crime family. At the height of his career as a gangster, Michael Franzese had a far larger net worth.
Michael Franzese’s Salary and Earnings
Michael Franzese is a former mobster and mafia lord. He has a net worth of $1 million as of January 2024. However, this was not always the case. He was a multimillionaire at one point, allegedly earning $8 million each week. He was even ranked number 18 on Fortune Magazine’s list of “Fifty Most Wealthy and Powerful Mafia Bosses.” Since his incarceration, he claims to have chosen the road of honesty. Coming from a criminal family and generating millions of dollars per week, Michael Franzese’s net worth is now $1 million, a significant decrease from what he has seen but sufficient to make him a millionaire.
Lifestyle
Michael Franzese was born in New York City on May 27, 1951, to John “Sonny” Franzese, the then-underboss of the Colombo crime family, and his mother, Cristina Franzese. Franzese enrolled in a pre-med program at Hofstra University after graduating from high school. He has said in numerous publications that he aspired to be a doctor as a child. But it didn’t happen since he dropped out two years later. He had to drop out of medical school to support his family when his father, the underboss of the Colombo criminal family at the time, was accused of robbery and sentenced to 50 years in prison.
Franzese had always looked up to his father and considered him an idol, so he followed in his father’s footsteps into a life of crime. When he was the boss of the Colombo crime family, Michael Franzese had an expensive and luxurious lifestyle. He had his army working for him, as well as money and everything else a guy could want. He lived in a $3 million Westwood house and drove in luxury automobiles, private aircraft, yachts, and helicopters. But all changed once he was imprisoned in 1986.
Michael Franzese Charity
Michael Franzese Ministries is a non-profit religious organization 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 assists young people who are inclined to commit crimes by redirecting them on the road of God, assisting them in joining a local church and earning their life with honesty and faith. The inspiration comes from Michael’s personal experience when he discovered Jesus behind bars when a fellow prisoner handed him a bible, and how it changed his life.
Michael Franzese Career
We are all aware that Michael Franzese was a legendary crime leader in the 1980s who worked as a caporegime for the Colombo criminal family. Franzese established himself as an author and motivational speaker after proclaiming his departure from the mob mentality. He has so far published six novels. 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.
