Denis Kozlowski net worth
Denis Kozlowski net worth: Denis Kozlowski is an American businessman and convicted criminal who had a maximum net worth of $600 million. Dennis Kozlowski is best known as the CEO of Tyco International. He was born on November 16, 1946 in Newark, New Jersey. During his tenure as CEO of Tyco, Dennis also gained notoriety for his lavish parties and lifestyles funded by Tyco.
He was eventually tried and convicted for receiving unusually high bonuses and salaries totaling more than $80 million. He was also convicted of illegally accepting $14 million worth of art and fraudulently authorized $20 million in payments to Tyco investment bankers. He was sentenced to 8 to 25 years in Central State Correctional Institution and will be released in January 2014. Dennis Kozlowski’s most famous extravagance includes the $30 million New York apartment that Tyco paid for. This apartment is known for its $6,000 shower curtain and $15,000 dog umbrella stand. Tyco also threw a lavish 40th birthday party for Dennis’ ex-wife in Sardinia, Italy, for $1 million. In total, Dennis stole more than $150 million in cash and bonuses from Tyco, and earned an additional $430 million by artificially inflating the company’s stock price. In addition to jail time, Kozlowski was ordered to repay $134 million to Tyco and pay a $70 million fine to the U.S. government.
