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Michael Franzese Net Worth
Michael Franzese’s net worth is estimated at one million dollars. He was born in Brooklyn, New York, United States. His father was a caporegime in the Colombo crime family. His father also owned a gangster outfit. His net worth is likely to rise in the coming years due to his success as an actor.
Ans. Michael Franzese’s net worth is $ 1 Million
Michael Franzese’s net worth as of 2022 is estimated at $ 1 Million. He has an extensive resume and is a well-known speaker. He has also been interviewed on various networks and television shows. He has appeared in a six-part mini series for the National Geographic Channel and was featured in a two-part documentary on the American mafia. Michael Franzese has been married to Camille Garcia since 1985. They reside in Los Angeles.
Born and raised in Long Island, New York, Michael Franzese was a student at Hofstra University in the early 1970s. He enrolled in the pre-med program there in 1969. But his father did not want him to associate with organized crime and so he dropped out of college. However, he later joined a mafia organization that included Salvatore Miciotta and Jimmy Angelino.
The colombo crime family was a major part of Michael Franzese’s life. As a caporegime, he oversaw 300 soldiers. The gang was involved in the gasoline tax rackets in the 1980s. Despite his involvement in such criminal activity, Franzese is a devout Christian and has established a youth foundation.
His father was a caporegime of the Colombo crime family
Michael Franzese grew up in Brooklyn, New York and became part of the violent Colombo crime family. He became the head of the family when he was just 19 years old, despite his father’s desire to give his son a better life. The Colombo family was an organized crime group headed by Joseph Colombo from 1963 until 1971.
Franzese’s father, John, had been a capo for the Colombo crime family for more than eight decades. He rose through the ranks, serving as an underboss of the family in the 1960s. After he was convicted of bank robberies in 1967, he was sentenced to 50 years in prison and was later paroled. After serving time, he returned to the Colombo family and a caporegime position. In 2011, he was arrested and convicted of extortion.
Franzese’s rise to caporegime status was a direct result of his involvement in the Colombo crime family. He was involved in several schemes, including gasoline bootlegging. The family worked with the Russian Mafia to steal gas and sell it to consumers at lower prices than those of legitimate gas stations. As a result, Franzese became one of the richest mafia bosses in the United States, according to Fortune magazine. He was also reported to have more money than the Chicago Outfit’s Al Capone.
His relationship with Lawrence Salvatore Iorizzo
Michael Franzese’s relationship with Iorizzo began when the two were teenagers. They both shared an affection for champagne and were friends with the same people. The two dated for a few years, but eventually split. They were arrested in 1985, and Franzese was later charged with racketeering, conspiracy, and extortion. In addition, the pair was convicted of committing over sixty-five counts of tax evasion in Florida. Franzese cut a deal with the government and pleaded guilty to two federal charges in return for confessing to the charges. He also agreed to testify against Norby Walters, who was convicted of illegally signing college athletes.
After graduating from high school, Franzese moved to Long Island and entered a pre-med program at Hofstra University. However, his father did not want him to get involved in organized crime, so he dropped out of college in 1971. However, his father wanted him to join the family business and did not allow him to join the Colombo crime family.
His relationship with actress/dancer wife Camille Garcia
Michael Franzese and Camille Garcia met on the set of the crime movie ‘Knights of the City’. After the original dancer quit the set, Camille was hired to take her place. Camille was a devout Christian from Anaheim and Franzese was at the peak of his criminal career when he met her.
Camille’s mom was an ardent Christian, which attracted Michael to her. She had hoped that Michael would go out and preach the word of God to millions of people. The two did not take witness protection but took other measures to protect themselves and their children. Michael now earns his living as a motivational speaker and author and Camille runs a fitness gym.
The relationship was not always smooth. Camille was an actress and dancer before she became a mother and the couple met. The two got married and they had a daughter. However, the couple later got into a custody battle over a murder case.