The skinny on the fat wallets of L.A.’s 50 wealthiest.

Lowell Milken

NET WORTH: $1.08 billion +20%

LAST YEAR: $900 million

AGE: 62 RESIDENCE: Los Angeles

SOURCE OF WEALTH: Investments

THE MONEY: Big year for Michael Milken’s “little brother.” Sold off $134 million in shares of educational product maker LeapFrog Enterprises held with sibling. Knowledge Universe, closely held education firm co-founded with brother, sold affiliated online education software company KC Distance Learning to competitor. Presumed investment gains.

BUZZ: Lowell Milken has wide interests that span to U.K. and beyond. Heron International commercial real estate firm received approval to build Four Seasons hotel in big mixed-used complex in London. Chairman of Milken Family Foundation involved in education reform. His TAP (System for Teacher and Student Advancement) program provides teacher training and has been recognized by none other than President Obama. Other interests include synagogue music; founded Milken Archive of American Jewish Music. Went easy on politics last year, donating $5,000 to PAC supporting election of Republican majority to House, and $2,840 to elections in Maryland and Arizona. Practiced at Century City law firm Irell & Manella LLP before working at Drexel Burnham Lambert, defunct Wall Street investment bank that under brother’s leadership pioneered issuance of high-yield bonds for noninvestment grade companies. Indicted for securities fraud like Michael, but charges dropped.