THE MONEY: Presumed gains from broad investment portfolio and improved performance of education company Knowledge Universe. But new distributions of shares in public companies held with brother Michael revealed smaller stake than previously believed.

BUZZ: Remains active in education reform, with his TAP: The System for Teacher and Student Advancement program, having now awarded more than $500 million in grants to states and school districts. Chairman of Milken Family Foundation, which pledged $10 million to George Washington University this year. Another Milken family company, Silver Rock Financial, opened London office last year. Lover of Jewish music, founded Milken Archive of American Jewish Music. Lowell Milken Institute for Business Law and Policy at UCLA created after his $10 million gift to the law school, despite protests from current and former professors who cited his indictment for securities fraud in the 1980s, though charges were dropped. Practiced at Century City law firm Irell & Manella LLP before working at Drexel Burnham Lambert, defunct Wall Street investment banking firm that under brother’s leadership pioneered issuance of high-yield corporate bonds for noninvestment grade companies but collapsed after securities fraud scandal.

NET WORTH:

$870 million t7.5%

LAST YEAR: $940 million

AGE: 65

RESIDENCE: Los Angeles

SOURCE OF WEALTH: Investments