Word: fritter
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Dates: during 1990-1999
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Milken did not fritter money away on Gulfstreams and private islands as most tycoons do. He formed partnerships to invest in everything from furriers to California real estate. His family's holdings include the five-story building that housed Drexel's Beverly Hills offices, along with several adjacent structures. (Milken picked up extra cash by renting the buildings to Drexel for about $11.2 million from 1984 to 1988.) The complex at Wilshire Boulevard and Rodeo Drive now has an estimated value of roughly $85 million...