Basic Information About Angelo Mozilo
| Category | Business › CEOs |
|---|---|
| Professions | Businessperson, Banker |
| Net worth | $600,000,000 |
| Date of birth | 2023-06-04 (1 years old) |
| Place of birth | The Bronx |
| Nationality | Italy |
| Gender | Male |
| Social Media | ↗︎ Wikipedia |
Angelo Mozilo Net Worth
$600,000,000
Angelo Mozilo, the former chairman and CEO of Countrywide Financial, is a famous American executive who has a net worth of $600 million. Despite his success and wealth, Mozilo’s legacy is marred by controversy, as he was heavily criticized for his involvement in the subprime mortgage crisis and was charged with insider trading and securities fraud.
Key facts:
- Angelo Mozilo was the former chairman of the board and CEO of Countrywide Financial.
- He played a significant role in the non-bank mortgage industry, making Countrywide a pioneer in the field.
- Mozilo initially described the subprime loan mavericks of the '90s as "crooks," but his company eventually started using subprime loans to compete in the market.
- Countrywide became a symbol of the subprime mortgage crisis that occurred during the 2008 financial collapse.
- Mozilo was charged with insider trading and securities fraud, but settled the case without acknowledging any wrongdoing.
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