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==Early life==
==Early life==
Madoff was born in [[Queens, New York]], and raised in [[Laurelton, New York|Laurelton]], Queens, to a practicing [[Jewish]] family. She has one sister, Joan Roman. A graduate of [[Far Rockaway High School]] and a 1961 graduate of [[Queens College]],<ref>{{cite web|url=https://www.bloomberg.com/apps/news?sid=aQv4Kmx.cs78&pid=newsarchive|title=Madoff Enjoyed $50 Pedicures, 9.8 Handicap, Boat (Correct)|work=bloomberg.com}}</ref><ref>[http://www.people.com/people/archive/article/0,,20467587,00.html "The Trials of Ruth Madoff"], people.com, February 21, 2011; retrieved April 14, 2011.</ref>, she graduated from [[New York University]] with a [[Master of Science]] degree in [[nutrition]] in 1992.<ref name="madoff-cookbook"/><ref>{{cite news|url=https://www.nytimes.com/2009/01/15/business/15ruth.html?pagewanted=all|title=Madoffs Shared Much; Question Is How Much|author1= David Segal|author2=Alison Leigh Cowan|date=January 14, 2009|publisher=The New York Times}}</ref><ref name="madoff-cookbook">{{cite news|url=https://www.nytimes.com/2009/01/15/business/15cook.html?_r=0|title=A Madoff Cookbook Has a Secret, Too|author=Alison Leight Cowan|date=January 14, 2009|publisher=[[The New York Times]]}}</ref>
Madoff was born in [[Queens, New York]], and raised in [[Laurelton, New York|Laurelton]], Queens, to a practicing [[Jewish]] family. She has one sister, Joan Roman. A graduate of [[Far Rockaway High School]] and a 1961 graduate of [[Queens College]],<ref>{{cite web|url=https://www.bloomberg.com/apps/news?sid=aQv4Kmx.cs78&pid=newsarchive|title=Madoff Enjoyed $50 Pedicures, 9.8 Handicap, Boat (Correct)|work=bloomberg.com}}</ref><ref>[http://www.people.com/people/archive/article/0,,20467587,00.html "The Trials of Ruth Madoff"], people.com, February 21, 2011; retrieved April 14, 2011.</ref>, she graduated from [[New York University]] with a [[Master of Science]] degree in [[nutrition]] in 2011.<ref name="madoff-cookbook"/><ref>{{cite news|url=https://www.nytimes.com/2009/01/15/business/15ruth.html?pagewanted=all|title=Madoffs Shared Much; Question Is How Much|author1= David Segal|author2=Alison Leigh Cowan|date=January 14, 2009|publisher=The New York Times}}</ref><ref name="madoff-cookbook">{{cite news|url=https://www.nytimes.com/2009/01/15/business/15cook.html?_r=0|title=A Madoff Cookbook Has a Secret, Too|author=Alison Leight Cowan|date=January 14, 2009|publisher=[[The New York Times]]}}</ref>


==Personal life==
==Personal life==

Revision as of 05:09, 4 February 2019

Ruth Madoff
Born
Ruth Alpern

(1941-05-18) May 18, 1941 (age 83)
Queens, New York, U.S.
NationalityAmerican
Alma materNew York University
Queens College
Years active1960–present
SpouseBernard Madoff (m. 1959)
ChildrenMark Madoff (1964–2010)
Andrew Madoff (1966–2014)

Ruth Madoff (née Alpern; born May 18, 1941) is the wife of Bernie Madoff, the convicted American financial fraudster. She was director of Bernard L. Madoff Investment Securities.

Early life

Madoff was born in Queens, New York, and raised in Laurelton, Queens, to a practicing Jewish family. She has one sister, Joan Roman. A graduate of Far Rockaway High School and a 1961 graduate of Queens College,[1][2], she graduated from New York University with a Master of Science degree in nutrition in 2011.[3][4][3]

Personal life

On November 28, 1959, at age 18, she married Bernard "Bernie" Madoff,[5] whom she had met while attending Far Rockaway High School.[why?] She worked for some time as her husband's bookkeeper.[6]

They had two sons, Mark (March 11, 1964 – December 11, 2010),[7] a 1986 graduate of the University of Michigan; and Andrew (April 8, 1966 – September 3, 2014),[8] a 1988 graduate of University of Pennsylvania's Wharton School.[9][10] Both of her sons predeceased her: Mark, by suicide, in 2010, and Andrew, from lymphoma, in 2014.

Mark Madoff's Nantucket home

On the morning of December 11, 2010 — exactly two years after his father's arrest — Mark was found dead in his New York City apartment. The city medical examiner ruled the cause of death as suicide by hanging.[11][12][13]

According to a 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.[14]

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[15] ($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 thousand). [16]

A Vanity Fair article in 2009 stated that, during the time when she was a bookkeeper, Ruth made an undisclosed $2.5 million deal and that employees in the London office stated "Ruthie runs all the books".[6] During a 2011 interview on CBS, Ruth stated that she and her husband had attempted suicide after his fraud was exposed, both taking "a bunch of pills" in a suicide pact on Christmas Eve 2008.[17]

Since her husband’s incarceration, most of the Madoff family assets have been seized by the government, including the couple's Upper East Side penthouse in New York. In 2012, she moved to one of her son Andrew's houses in Old Greenwich, Connecticut, after spending two years living in Boca Raton, Florida, with her sister. Following Andrew's death, Ruth moved to a condo-complex in Old Greenwich.[18]

In the media

References

  1. ^ "Madoff Enjoyed $50 Pedicures, 9.8 Handicap, Boat (Correct)". bloomberg.com.
  2. ^ "The Trials of Ruth Madoff", people.com, February 21, 2011; retrieved April 14, 2011.
  3. ^ a b Alison Leight Cowan (January 14, 2009). "A Madoff Cookbook Has a Secret, Too". The New York Times.
  4. ^ David Segal; Alison Leigh Cowan (January 14, 2009). "Madoffs Shared Much; Question Is How Much". The New York Times.
  5. ^ "Have pity on Ruth Madoff". CNN. November 14, 2009. Archived from the original on December 24, 2009. Retrieved April 16, 2011. {{cite news}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  6. ^ a b Mark Seal. "Ruth's World". Vanity Fair. Archived from the original on 2012-10-13. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  7. ^ "A Charmed Life, a Tragic Death". People. January 10, 2011. Retrieved April 15, 2011. Today would have been Mark's 47th birthday! I will never forget the kind and fun loving person he was. This will always be a difficult day of the year for me.
  8. ^ "The Tale of the Madoff Sons". New York Magazine. June 3, 2009. Retrieved April 15, 2011. {{cite magazine}}: Cite magazine requires |magazine= (help)
  9. ^ "EXCERPT: Mark Madoff in 'The Madoff Chronicles'". MSNBC. December 12, 2010. Retrieved April 15, 2011.
  10. ^ "The Trials of Ruth Madoff". People. February 21, 2011. Retrieved April 15, 2011.
  11. ^ "Officials: Bernie Madoff's Son Mark Madoff Found Dead Of Apparent Suicide In Soho Apartment". CBS.com. Retrieved September 3, 2014.
  12. ^ "Madoff's son found dead in apparent suicide". Financial Post. December 11, 2010. Retrieved December 11, 2010. {{cite news}}: Unknown parameter |authors= ignored (help)[permanent dead link‍]
  13. ^ "Madoff's son suicide follows battle with trustee". msnbc.com. Retrieved October 24, 2018.
  14. ^ McCool, Grant (March 13, 2009). "Madoff to appeal bail, net worth revealed". Reuters. Retrieved March 13, 2009.
  15. ^ Robin Finn (August 16, 2013). "A Former Madoff Penthouse Goes Back on the Market".
  16. ^ KENNEDY, Larry McShane, HELEN. "Marshals seize Ponzi schemer Bernard Madoff's Palm Beach mansion, 1969 Rybovich luxury yacht - NY Daily News".{{cite web}}: CS1 maint: multiple names: authors list (link)
  17. ^ "Fraudster Bernard Madoff and wife 'attempted suicide'". October 26, 2011. Retrieved October 27, 2011.
  18. ^ "Ruth Madoff: Living quietly inside the glare". 27 May 2017.
  19. ^ Cate Blanchett on Studying Ruth Madoff accessed 8-31-2015
  20. ^ "Robert De Niro To Play Madoff". Slashfilm.com. May 15, 2011. Retrieved March 11, 2013.
  21. ^ Messer, Lesley (26 June 2015). "See Richard Dreyfuss and Blythe Danner as Bernie and Ruth Madoff". ABC News. Retrieved 31 January 2016.
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