Former fugitive tycoon Asil Nadir, 71, was jailed for 10 years at the Old Bailey on Thursday for stealing millions from his Polly Peck business empire.
Polly Peck International collapsed owing £550 million in 1990 and Nadir went on the run for 17 years in 1993.
He returned to Britain in 2010, confident he would be cleared, but this week an Old Bailey jury found him guilty.
The court heard today that the total stolen was £28.8 million, the equivalent of more than £61.6 million today.
Nadir, 71, of Mayfair, central London, was sentenced at the Old Bailey for the 10 charges of theft between 1987 and 1990.
Judge Mr Justice Holroyde told Nadir: "You were a wealthy man, you stole out of greed."
A hearing will be held on September 27 to decide on Nadir paying compensation and interest to the administrators of PPI.
The judge will also have to decide on ordering him to pay prosecution costs of £2.5 million, and repaying his legal aid costs.
Nadir was ordered to provide details of his finances and assets under a Financial Circumstances Order before the hearing.
Philip Hackett QC, mitigating for Nadir, said Nadir returned to the UK from Northern Cyprus despite having heart disease.
Mr Hackett said: "He always wanted to return. He eventually did return at the age of 70 and in poor health."
He asked the judge to give Nadir credit for the 720 days he had been electronically tagged.
Mr Hackett said Nadir was "a dynamic leader of outstanding ability who created this company virtually out of nothing".
Mr Justice Holroyde said: "You remained absent from this country for 17 years, and so delayed for nearly two decades the day of reckoning which has finally arrived."
The judge said Nadir blamed everyone except himself for his downfall.
He used stolen money to fund an already extravagant lifestyle, he said. It had gone on various businesses and properties from which he had profited - and he even used £1 million to pay a tax bill.
He added: "You have shown not the slightest remorse.
"Your sole concern throughout has been to avoid any acceptance of your responsibility."
Nadir's devoted wife Nur, who has been by his side throughout his trial, has already said he was planning to appeal against the verdicts.
Outside court, she said today: "My husband is innocent and, having faith in the British justice system, we will continue with our efforts to rectify the wrongs."
Nadir was told he would serve half his sentence before being released on parole.
The judge said he had reduced the sentence he would have passed by two years to take into account Nadir being tagged, his voluntary return and previous good character.
After being sentenced, Nadir turned to wife Nur, smiled and said goodbye.
Mrs Nadir described her husband as a man of great integrity and honour who had earned his standard of living.
Nadir returned voluntarily in August 2010 vowing to clear his name. He blamed the Serious Fraud Office (SFO) for orchestrating his downfall and said he fled because he was a broken man.
Nadir spirited abroad large amounts of cash which then disappeared into "a black hole" and have never been recovered.
The prosecution told the court the thefts were part of £150 million siphoned off from Polly Peck but Mr Justice Holroyde, said he could only sentence Nadir for the counts for which he had been found guilty.
Clare Whitaker, from the SFO, said a claim would be made for compensation to be awarded to the administrators of Polly Peck International.
The estimated £10 million court case, including £3 million SFO costs, lasted seven months.
Nadir, once 36th on the Sunday Times Rich List, had been living a life of luxury in his native Northern Cyprus and receiving money from his media group. He returned to the UK as he had to prove a "burning injustice" against him, he said.
Polly Peck, which had headquarters in Berkeley Square, central London, and trading centres from Hong Kong to New York, had 200 international subsidiaries dealing in electronics, food, textiles and leisure.
Stolen millions were used to secretly buy shares in Polly Peck by companies owned by Nadir to bolster its share value.
In September 1990, after Nadir's South Audley Management company was raided by the SFO, the company's shares went into free-fall.