Arnon Milchan Loses $18M With Madoff

No, his name isn’t among the thousands of Bernie Madoff’s clients just made public in a 162-page filing with U.S. Bankruptcy Court in Manhattan. But Condé Nast Portfolio reports that New Regency’s Arnon Milchan lost at least $18 million with Madoff. Of course, that’s chicken feed to him. He’s ranked No. 358 on Forbes’ billionaires list, and his 2007 Alvin and the Chipmunks, made for $70M, grossed $358M worldwide.