Ruth Madoff is the widow of Bernie Madoff who recently died at the age of 82 years in prison. He was the convicted American financial fraudster who served a prison sentence for a criminal financial scheme until his death in April 2021.
She had $70 million in assets in her name but after her husband was sentenced, she was stripped of all of her money other than $1–2 million. Due to her husband’s Ponzi Scheme, he bilked thousands of investors out of billions of dollars, it was the biggest masterminded fraud in financial history.
Ruth Madoff was forced to surrender her fortune when her husband was adjudged. She moved to Connecticut, NBC New York reported and has since shirked the public eye. However, ruth is finally living a style and luxurious life again.
Also Read: Bernie Madoff Wikipedia
After his death, many want to know more about his wife. Hence further in this article, we will read about Ruth Madoff’s biography, wiki, net worth, boyfriend, section husband, and other such details.
Ruth Madoff Wiki
Ruth was born on May 18, 1941, in queens, new york. She is the 79 years old widow of Bernie Madoff who made the mastermind Ponzi scheme fraud in the history of the financial industry. He was an American financier and convicted fraudster who ran the world’s largest Ponzi scheme.
Ruth said, “I don’t know whose idea it was but we decided to kill ourselves because it was so horrendous,” she said, referring to her husband. “I said I just can’t go on anymore.”
She raised in the middle-class Laurelton, Queens Jewish family and she has one sister named Joan Roman. A graduate of Far Rockaway High School and a 1961 graduate of Queens College with a degree in Psychology. Moreover, ruth graduated from New York University with a Master of Science degree in nutrition in 1992.
On November 28, 1959, at age 18, she married Bernard “Bernie” Madoff. Bernie was three years older than Ruth, whom she had met while attending Far Rockaway High School.
|Full Name:||Ruth Madoff|
|Age:||79 years old|
|Date of Birth:||May 18, 1941|
|Birthplace:||queens, new york|
|Current Residence:||Boca Raton, Florida|
|Sons:||Mark and Andew Madoff|
Master of Science degree in nutrition, degree in Psychology
|College:||New York University, Far Rockaway High School|
|School:||Far Rockaway High School|
|Net Worth:||$823 million|
|Height:||~5′ 5′ inches|
Sons, Grandchildren, Husband
Bernard Lawrence Madoff is also known as Bernie Madoff was her husband. But sadly, he naturally died at the age of 82 years in the prison sentence for a criminal financial ponzi scheme until his death in April 2021.
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Ruth had two sons, the eldest son Mark, 46 years old, who died by suicide in 2010, and the second son, Andy Madoff died of cancer four years later at 48 years old.
“As difficult as it is for me to live with the pain I have inflicted on so many, there is nothing to compare with the degree of pain I endure with the loss of my sons, Mark and Andy,” Madoff told NBC News in 2015.
Ruth Madoff has total six grandchildren. Nicholas Madoff, Daniel Madoff, Kate Madoff, Audrey Madoff from the eldest son Mark Madoff. Besides, Anne Madoff, Emily Madoff from the second son Andrew Madoff.
Court filing reveals Madoff’s net worth of at least $823 million. To combine all sources, assets, homes it could be the net worth of $823 million of the Medoff family.
According to March 13, 2009, filing by Madoff, he and his wife were worth up to $138 million, plus an estimated $700 million for the value of his business interest in Bernard L. Madoff Investment Securities LLC. Other major assets included securities ($45 million); cash ($17 million); half-interest in BLM Air Charter ($12 million); a 2006 Leopard yacht ($7 million); jewelry ($2.6 million); a Manhattan apartment ($7 million); a Montauk home ($3 million); a Palm Beach home ($11 million); a Cap d’Antibes, France, property ($1 million); furniture, household goods, and art ($9.9 million), and a restored 1969 Rybovich sportfishing yacht ($800,000).
In 2012, Ruth Madoff moved to one of her son Andrew’s houses in Old Greenwich, Connecticut, after spending two years living in Boca Raton, Florida.