How old is Barry Minkow?
56 years (March 22, 1966)Barry Minkow / Age
Who took ZZZZ Best public?
Barry was the wunderkind of Wall Street when he took ZZZZ Best public in December of 1986. At age 21, he was the youngest person in US history at the time to take a company public. Shares exploded, and the company's valuation peaked around $280 million. He was even a guest on the Oprah Winfrey Show.
What happened to ZZZZ Best?
The company claimed that its assets had been drained to the point that it was forced into Chapter 11 bankruptcy. Two days later, the Los Angeles Police Department raided ZZZZ Best's headquarters and Minkow's home, and found evidence that the company was being used to launder drug profits for organized crime.
What happened to Barry Minko?
He was convicted of fraud in 1988 after his business was revealed to be the front for a Ponzi scheme that was connected to the mob. Minkow was sentenced to 25 years in federal prison and served almost eight.
Overview
This company offers residential & commercial carpet, tile, air duct and grout cleaning services.
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How much was ZZZZ Best worth in 1987?
By February 1987, ZZZZ Best was trading at $18 a share on NASDAQ, valuing the company at $280 million. The company now had 1,030 employees with offices in California, Arizona and Nevada. Minkow's stake was worth $100 million.
How old was ZZZZ Best?
At the age of 16, while a sophomore at Cleveland High School, Minkow started ZZZZ Best (pronouned 'Zee Best') in his parents' garage with three employees and four phones. In the early days, he had to rely on friends to drive him to jobs since he did not have a driver's license.
Where was ZZZZ Best born?
Beginnings of ZZZZ Best. Minkow was born in Inglewood, California to a Jewish family, and was raised in the Reseda area of the San Fernando Valley. When he was nine years old, his mother got him a job as a telemarketer with the carpet-cleaning business where she worked.
