Introduction
Michael Cohen was the personal lawyer of former US President Donald Trump from 2006 to 2018. During his time as Trump’s lawyer, Cohen was involved in several controversies, including the controversial payment made to adult film actress Stormy Daniels. In 2018, Cohen was sentenced to prison for tax fraud and campaign finance violations. After serving his sentence, Cohen wrote a book titled “Disloyal: A Memoir” and became a prominent critic of Trump. In this post, we will discuss the surprising net worth of Michael Cohen.
Michael Cohen’s Net Worth
According to Celebrity Net Worth, Michael Cohen’s net worth is estimated to be around $500 thousand. This may come as a surprise to many as Cohen was Trump’s personal lawyer for over a decade and was believed to be a multi-millionaire.
Lawyer’s Fees
Cohen was a successful lawyer and charged high fees for his services. However, there are several reasons why his net worth is not as high as expected. Firstly, Cohen may have been paying a significant amount of money to cover up Trump’s scandals, which would have affected his personal finances. Secondly, Cohen was disbarred and fined for his involvement in Trump’s controversies, which would have also affected his finances.
Real Estate
Before his legal troubles, Cohen owned several properties in New York and Florida. However, he has sold most of his properties to pay for his legal fees and the fines he received after pleading guilty to campaign finance violations.
Books and Movie Rights
After serving his sentence, Cohen wrote a book titled “Disloyal: A Memoir,” which details his time working for Trump. The book received mixed reviews, but it reportedly earned Cohen a seven-figure advance. Additionally, Cohen has sold the movie rights to his book, which could bring in more money.
Media Appearances
Since becoming a critic of Trump, Cohen has become a prominent political commentator and has appeared on several news programs. He is also host of the “Mea Culpa” podcast, which discusses politics and current events.
Other Sources of Income
Cohen has also reportedly earned money from speaking engagements and consulting work. However, his criminal conviction may make it difficult for him to find work in the legal industry.
Civil Lawsuits
Cohen is still facing several civil lawsuits, which could affect his net worth. In 2020, he was sued by the Democratic National Committee, accusing him of conspiring with Russia to interfere in the 2016 election. Cohen has denied the allegations.
Conclusion
Despite his high-profile career as Trump’s personal lawyer, Michael Cohen’s net worth is surprisingly low. This is due to his involvement in Trump’s controversies, which led to hefty fines and legal fees. However, Cohen has found ways to earn money through his book, podcast, and media appearances.
FAQs
Q1. What is Michael Cohen’s net worth?
A: Michael Cohen’s net worth is currently estimated to be around $500 thousand.
Q2. What was Michael Cohen’s job?
A: Michael Cohen was a personal lawyer and fixer for former US President Donald Trump.
Q3. What is Michael Cohen’s book about?
A: Michael Cohen’s book, “Disloyal: A Memoir,” details his time working for Trump.
Q4. Why was Michael Cohen disbarred?
A: Michael Cohen was disbarred for his involvement in several of Trump’s controversies, including the payment made to adult film actress Stormy Daniels.
Q5. What other sources of income does Michael Cohen have?
A: Michael Cohen has reportedly earned money from speaking engagements and consulting work, in addition to his book and media appearances.