Michael Lohan Net Worth - Pulptastic

What Is Michael Lohan’s Net Worth?

Michael Lohan, a former commodities trader and American television personality, has a net worth of $50 thousand. He is most well-known for being the father of actress Lindsay Lohan.

Lohan began his career on Wall Street at the age of 20, working on the commodity trading floor. However, in 1990, he was investigated for insider trading and served time in jail for refusing to reveal the names of traders involved in the scheme.

Since his release from prison in 1993, Lohan has been arrested for various crimes, including violating probation, attempted assault, DUI, and domestic abuse. Despite his troubled history, Lohan has worked as a counselor and actor for the sobriety program Teen Challenge.

Lohan has also appeared on several reality television shows, including “Celebrity Rehab with Dr. Drew” in 2011 and “Family Therapy with Dr. Jenn” in 2016. He has also acted in several films, including “The Deed To Hell” (2008) and “Horrorween” (2011), as well as the TV movie “Wanna Be Me!” (2008).

Early Life of Michael Lohan

Michael John Lohan was born on April 25, 1960, in Syosset, NY, to Marilyn Desiderio and Richard Lohan. He has three younger siblings. Lohan’s ancestry is Italian and Irish. In his youth, Lohan worked from the age of 15 and was raised in a Catholic household. He also grew up with an alcoholic father and his maternal grandfather owned the largest spaghetti company in the world at one time.

Richard passed away in 2008, and Marilyn died in 2021.

Michael Lohan: From Wall Street Trader to Horror Film Actor to Radio Show Co-Host

Michael Lohan started his career as a Wall Street trader at the young age of 20. He quickly rose through the ranks and became the youngest trader on the floor of the commodity exchange. By the time he was 25, he had four seats on the exchange.

Lohan then transitioned into acting and appeared in several horror films, including “The Deed to Hell” and “Horrorween,” which starred William Shatner as himself. He also appeared in the TV movie “Wanna Be Me!”

In 2021, Lohan became the co-host of a weekly KPRC 950 AM radio show in Houston, Texas. The show focuses on addiction recovery.

Michael Lohan’s Personal Life

Michael Lohan married Dina Lohan in 1985 and had four children together. They divorced in 2007, and Michael took a paternity test in 2008 after Kristi Horn claimed he fathered her child. Michael met his daughter Ashley for the first time on “The Trisha Goddard Show.”

Michael became engaged to Kate Major in 2010, and they married in 2014. They have two children together, but lost custody in 2015 after a blowout fight in front of their children. Kate filed for divorce the following month.

Michael appeared on “Celebrity Rehab with Dr. Drew” in 2011 and revealed his struggles with alcoholism and cocaine use.

Michael Lohan’s Troubled Past

Michael Lohan, father of actress Lindsay Lohan, has had a history of legal troubles. In 1990, he was investigated for insider trading and later convicted of criminal contempt of court, resulting in a three-year prison sentence. He violated his probation in 1997 and served another year in prison. In 2004, he was charged with attempted assault after a fistfight with Dina Lohan’s brother. While awaiting sentencing, he got into a car accident while driving under the influence and was charged with DUI. Lohan began singing and writing songs while in prison and got involved with the faith-based sobriety program Teen Challenge.

After serving 2 1/2 years in prison, Lohan became a minister and worked as a counselor and actor with the Teen Challenge rehabilitation program. He was arrested again in 2011 for suspicion of domestic violence and for contacting his partner by phone in violation of a restraining order. In April 2021, Lohan was arrested for illegal patient brokering, receiving more than $27,000 in kickbacks for referring patients to a treatment facility. In June 2022, he was sentenced to four years’ probation and ordered to pay $52,500 in fines.

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