Ivan Boesky, convicted of insider trading in the 1980s, died at the age of 87

Ivan Boesky, a Wall Street titan-turned-convict who inspired Oliver Stone's 1987 film "Wall Street," died at 87.

In the mid-1960s, Detroit-born Boesky went to New York City after law school and worked on Wall Street. He started his own brokerage firm with money from his then-wife's family and had a net worth of over $200 million a decade later.

As part of his plea agreement, Boesky cooperated with federal officials, bringing Drexel down and other key characters of the era, including Michael Milken, the "junk bond king," who pled guilty to six securities crimes.

After a $20 million divorce deal with his wife, Boesky lived comfortably in Southern California with $180,000 annual income and a $2.5 million California mansion. He never recovered professionally.