Born in The Bronx, New York in April 1959. American businesswoman Lynn Tilton has an estimated net worth of $600 million as of 2015, according to Forbes. She is the CEO of New York-based private equity company Patriarch Partners. Tilton attended and earned her degree in American Studies from Yale University before going on to pursue her MBA at Columbia University. Following her graduation, she started her career at Morgan Stanley and later Goldman Sachs.
Dubbed Diva Of Distressed, in 2000 Tilton established Patriarch with a view to focus on distressed debt and bankrupt manufacturing firms. Since then, Tilton has generated over $2.5 billion and has exceeded 240 companies in terms of investment by utilizing her patent of complicated structured financial products. In early 2015 she and her company Patriarch were charged with fraud for concealing the below-par operation of her funds while extracting rich fees by the Securities and Exchange Commission (SEC), while in May, she was also sued for defrauding two investors. Lynn Tilton, who was ranked #26 on the 2015 America’s Self-Made Women by Forbes, was married to Kevin Wayne Tilton and divorced in 1995.