American financier and con man Bernie Madoff. His roughly $64.8 billion Ponzi scam is the greatest in recorded history.
At one point in his life, the late fraudster was the head of the NASDAQ stock market.
The genius behind the Ponzi scam advocated for the growth of electronic trading platforms and the concept of fee-for-flow, also called a “legal kickback.”
On December 11th, 2008, the disgraced banker was apprehended and charged with securities fraud. The date of his conviction, fourteen years ago today, is significant.
Read on to find out where Bernie Madoff’s boys and wife currently are.
Bernie Madoff’s sons were named Mark and Andrew. The deceased con artist’s high school lover, Ruth Alpern, was also the mother of his children.
On March 11, 1964, Ponzi schemer Bernard Madoff’s eldest son, Mark Madoff, was born. He earned a degree in 1986 after four years at Michigan.
On the second anniversary of his father’s incarceration, he was discovered hanging in his New York City apartment.
The 47-year-old works for his family business. Mark was rumored to be the husband of Susan Elkin and the father of four children.
On April 8, 1966, Bernie and Ruth Madoff had their youngest child, Andrew.
The younger Madoff earned a business degree from Penn’s Wharton School in 1988.
After a long battle with cancer, Andrew passed away on September 3, 2014. His death came at the age of 48. In his relationship with Catherine Hooper, he became a father to two children.
Andrew told People in 2013 that he would never forgive his father for what he had done.
The disgraced financier’s youngest son said the stress of his father’s arrest and sentencing prompted a relapse of his cancer.
The current age of Bernie Madoff’s 82-year-old wife. In 2023, Ruth Alpern purchased a $3.8 million lakefront home in Connecticut.
Susan Elkin, her ex-son-in-law, now shares a home with her and her husband, Richard Elkin.
Ruth and her youngest son, Andrew Madoff, once occupied a 989 square foot home in Old Greenwich.
While married to Bernie, she lived a life of luxury. According to Daily Mail, the Madoffs lived in two Manhattan mansions, one worth $4 million and the other worth $7 million.
Bernard L. Madoff Bernie Madoff is rumored to have a negative net worth of $17 billion.
The architect of the Ponzi scheme received a sentence of 150 years in jail. Bernie was also fined $170 billion, reducing his already negative net worth.
Madoff had extensive global property holdings. His properties consist of an Upper East Side apartment, a mansion in Palm Beach, Florida, and a house in Montauk, New York.
These and many of his other possessions were auctioned off by the U.S. Marshals Service in September of 2009.
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