Before diving into Bernie Madoff Net Worth, let us get to know more about him.
Who is Bernie Madoff?
Bernie Madoff, born as Bernard Lawrence Madoff, is a former market maker, financier, and investment advisor from the United States of America. However, Bernie Madoff is currently serving a prison sentence for fraud and Ponzi scheme. He formerly served as the non-executive chairman of a stock market, NASDAQ. Bernie led the largest Ponzi scheme and financial fraud market in American history. As of 2008, the fraud was worth $64.8 billion. In 2008, he had a total of 4800 clients.
Quick Biography
Bernard Lawrence Madoff came into this world in 1938, 29th April. His place of birth is Queens, New York City. His father was a plumber and stockbroker while his mother’s career is unknown. Both his parents are Jewish. Bernie is the second born of his three siblings. His grandparents came from Poland, Romania, and Austria.
| Quick Summary | |
| Full Name/Real Name: | Bernie Lawrence Madoff |
| Age: | 81 years |
| Birth Date: | 29th April 1938 |
| Birth Place: | Queens, New York |
| Nationality: | American |
| Religion: | Jewish |
| Parents: | Ralph Madoff and Sylvia Muntner |
| Spouse: | Ruth Madoff |
| Children: | Mark Madoff, Andrew Madoff |
| Height: | N/A |
| Weight: | N/A |
| Profession: | Former Market maker, financier, investment advisor |
| Net Worth in 2020: | $-17 Billion |
How old is Bernie Madoff? Age, Height, Weight & Body Measurements
Bernie Madoff was born in 1938, 29th April. The American former market maker is currently 81 years old. His body measurements and height are unknown.
Bernie Madoff Education, School, College
Bernie Madoff attended the Far Rockaway High School. In 1956, he graduated from the school. After high school, Bernie joined the University of Alabama. He stayed in the school for one year, and during that year, he became part of the Sigma Alpha Mu Fraternity. Madoff then transferred to Hofstra University. He graduated from the university in 1960 with a bachelor’s degree in Political science.
After that, he attended the Brooklyn Law School. However, he didn’t graduate from the school since he wanted to concentrate on a personal wall Street company, Bernard L. Madoff Investment Securities.
Bernie Madoff Parents, Siblings, Nationality, Ethnicity, Religion, and Political Views
Bernie Madoff is the son of Ralph Madoff and Sylvia Muntner. He is the second child of his parent’s three children. Bernie’s siblings are Peter Madoff and Sondra Weiner. His nationality is American. Madoff is Jewish. Bernie Madoff rarely gives views when it comes to politics. As a result of that, there are no details on his political view.
Is Bernie Madoff married? An affair, Relationship, girlfriend, Wife, and Children
Bernie Lawrence Madoff is married to Ruth Madoff. The duo has been in a relationship for the last sixty years. They tied the knot in 1959. Ruth and Bernie Madoff are the parents of the late Mark Madoff and the late Andrew Madoff. Andrew and Mark testified to the authorities in court about their father’s fraud and how their firm was nothing but a big lie.
Two years later, after his arrest, Mark committed suicide. Four years later, his younger brother suffered from lymphoma, which was his cause of death. What is left of his family is his wife, Ruth, who currently resides in America.
Professional Life and Career contributing to Bernie Madoff Net Worth
In Madoff’s early life, he worked as a sprinkler installer and lifeguard. In 1960, he started his firm with $5000. His father-in-law also loaned him $50,000. The firm grew with the help of his in-laws, who made some recommendations. By then, the company was a third-party provider by executing direct orders. After a few years, the Madoff Securities was the top market maker. In 2008, the company was at position six. However, his company’s advisory division and investment management were never publicized. And that was the fraud investigation focus.
Bernie was also an active member of the National Association of Securities Dealers. At the time of his arrest, he served as the board of directors chairman. Madoff was also part of the board of governors.
Bernie Madoff Awards & Nominations
In 2008, Bernie Madoff and his now-deceased son Andrew Madoff were awarded by SIFMA, all thanks to their extraordinary leadership skills.
Bernie Madoff Net Worth, Income & Salary
Bernie Madoff has a net worth of -$17 billion. He is a former investment advisor, stockbroker, businessman, and financier. His company was a big Ponzi scheme fraud. Currently, Madoff is serving his 150 years imprisonment thanks to his company’s fraud. What will happen in the future is nothing any of us can tell. However, with time, things will be clear on where Bernie Madoff stands
Bernie Madoff Rumors & Controversial Scandals
Bernie Madoff was involved in an investment scandal in 2008 after investigations were made that proved that his company was a big lie. The Madoff Ponzi scheme fraud defrauded many investors of billion dollars. As a matter of fact, Bernie is currently serving 150 years imprisonment, which is the longest imprisonment term in America due to his fraud activities.
Bernie Madoff on Social Media, Facebook, Twitter, Instagram
Bernie Madoff does not have an active social media account. This fact does not come as a surprise since he is currently serving his 150 years of imprisonment.
Conclusion on Bernie Madoff Net Worth
All choices have consequences in life. Bernie Madoff is a former market marker, financier, and businessman. However, in the 1990s, he introduced the Ponzi scheme in his company, which led to the fall of the Great Bernie Madoff Investment. Currently, he is serving 150-years imprisonment after defrauding billions of dollars from many investors.
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