Michael Cohen Net Worth - How Much Is Michael Cohen Really Worth?

September 8, 2023

Michael cohen net worth is a topic of interest for many people as the former personal attorney to President Donald Trump. Cohen had a successful career and financial livelihood, but his association with Trump and various legal and political controversies have drained him of much of his wealth.

Cohen started out his career as a personal injury lawyer in 1992 and eventually made his way to Trump’s circle when he began dealing with Trump’s real estate business. He became the personal attorney to Trump in 2006 and earned a million dollars per year.

His early dealings with Trump included negotiating a tenant dispute on one of the president’s properties and he also invested in taxi medallions. Each New York City taxi medallion was once valued at over a million dollars, but since the advent of rideshare services they have plummeted in value and are now worth around $100,000 each.

Cohen has also tried his hand at entrepreneurship with several failed businesses, including a Florida riverboat casino and a Ukrainian ethanol company. He has also been involved with a number of litigation cases and has lost a significant amount of money in the process.

While he was once considered wealthy, Cohen has now dropped down to negative $1 million in his net worth. This is due to his mounting legal bills and owing millions of dollars to the IRS. He complained to an associate that his legal fees were “bankrupting him.” In addition, he has to pay back the payments he made to Stormy Daniels and Karen McDougal.

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