Ruth Madoff is the wife of Bernie Madoff. Bernie Madoff got to be charged and later convicted of fraud. Before this, she was working as a director of the Bernard L. Madoff Investment securities. Her story has been transformed into a movie by the title The Wizard of Lies. Here is a quick summary of Ruth Madoff’s net worth in 2018, career and earnings.
Ruth Madoff Early Life
Ruth was born in the year 1941 on May 18th. She was born in Queens, New York. She did spend a considerable chunk of his time in Laurelton. Her family was Jewish based family. Ruth has one sister by the name Joan Roman. She did attend Far Rockaway High School. After completing her high school education, she went on to join the Queens University. In the year 1992, she did complete her studies at the New York University. She did graduate with a masters degree in nutrition. She got married at a very tender age. She did wed Bernard Madoff when she was eighteen years old. Together, the couple has been blessed with two children by the name Mark and Andrew.
Ruth Madoff Career, Awards & Achievement
She started working as a bookkeeper with her husband before she rose to become a director of the company. Before the husband got to be charged with financial fraud, the couple had a combined investment of over $1 billion. This was broken down to $138 million which was in cash and over $700 million for the value of the business. The value of their business by the name Bernard L. Madoff was estimated to be over $700 million. Other properties that they had included $45 million securities, $17 million.
Also, they had more than half of shares in BLM Air Charter. Other properties were Leopard yacht that was estimated to be over $7 million, jewelry of over $2.6 million and many more. When working as a bookkeeper, she was able to make $2.5 million of deals. She has disclosed that together with her husband they had thought of committing suicide. This is after exposure to their fraud activities. After her husband got charged, she lost most of the property that they did co-own with her husband. This included their family house. She has been living in Old Greenwich, Connecticut.
Awards and Achievements
Before curtain came falling on their business empire, Ruth had been able to help in closing deals worth millions. She has further disclosed that these deals had over $2.5 million. These deals were spread in various countries and this show how reliable she was in closing deals.
Net worth of Ruth Madoff
Ruth Madoff has a current net worth of over $3 million. This wealth has come from a deal that was made between her and the United States Government that she keeps that money and the rest to be taken by the government. She is not currently involved in many activities that do generate money.
Despite the many illegal activities she got involved with her husband, she has come out as a very strong woman. This is despite losing her husband and their two children. It’s never easy to deal with the death of a relative! We can only guess how much she had to deal with losing three people.