WASHINGTON — President Trump, citing what he said was advice from friends and business associates, granted clemency on Tuesday to a who’s who of white-collar criminals from politics, sports and business who were convicted on charges involving fraud, corruption and lies — including the financier Michael R. Milken.

The president pardoned Mr. Milken, the so-called junk bond king of the 1980s, as well as the former New York City police commissioner Bernard B. Kerik and Edward J. DeBartolo Jr., a former owner of the San Francisco 49ers. He also commuted the sentence of Rod R. Blagojevich, a former Democratic governor of Illinois.

Their political and finance schemes made them household names, and three received prison terms while Mr. DeBartolo paid a $1 million fine.

Mr. Trump also pardoned David Safavian, the top federal procurement official under President George W. Bush, who had been sentenced in 2009 to a year in prison for lying about his ties to the lobbyist Jack Abramoff and obstructing the sprawling investigation into Mr. Abramoff’s efforts to win federal business. The president also granted clemency to six other people.