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Mark Madoff and Andrew Madoff: Who Are They?

Bernie Madoff

Bernie Madoff’s Children, Family, and Net Worth

Mark and Andrew Madoff, sons of Bernie Madoff, have died. While Mark committed suicide in 2010, Andrew died of cancer in 2014. The late fraudster’s wife has moved in with her ex-daughter-in-law. Bernie Madoff was an American banker and scammer. He is best known for orchestrating the world’s largest Ponzi scheme, valued at around $64.8 billion.

The late con man was the chairman of the NASDAQ stock exchange.

The architect of the Ponzi scam promoted the development of automated trading platforms as well as the concept of fee-for-flow, sometimes known as a “legal kickback.”

Furthermore, Bernie, 82, died of natural causes in prison on April 14, 2021.

Bernard Madoff Mark Madoff, his son, committed suicide

Mark Madoff, the Ponzi scheme’s eldest child, committed suicide in 2010.

Bernie Madoff was the father of two sons, Mark, and Andrew Madoff.

The late conman had children with his high school girlfriend, Ruth Alpern.

Mark Madoff, the eldest son of the Ponzi schemer, was born on March 11, 1964.

Bernie Madoff with his sons, Mark and Andrew Madoff, in 2001.
Bernie Madoff with his sons, Mark and Andrew Madoff, in 2001. Source: CNN

He graduated from the University of Michigan in 1986.

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 father’s company. Mark was supposedly married to Susan Elkin and has four children.

Andrew Madoff, Bernie Madoff’s eldest son, died of cancer

Andrew Madoff was born on April 8, 1966, as the youngest child of Bernie and Ruth Madoff.

The youngest Madoff graduated from the University of Pennsylvania’s Wharton Business School in 1988.

Andrew, too, died on September 3, 2014, after a long fight with cancer.

He was 48 years old when he died.

He was the father of two children with his partner, Catherine Hooper.

Andrew stated in a People interview in 2013 that he would never forgive his father for his misdeeds.

The disgraced financier’s youngest son also blamed a recurrence of his Cancer on the stress of his arrest and sentencing.

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Ruth Madoff, Bernie Madoff’s wife, lives in a waterfront home

The wife of Bernie Madoff is currently 82 years old.

Ruth Alpern resides in a $3.8 million lakefront house in Connecticut as of 2023.

Susan Elkin, her previous daughter-in-law, and her current husband, Richard Elkin, reside with her.

Ruth formerly shared a 989-square-foot Old Greenwich house with her youngest son, Andrew Madoff.

During her marriage to Bernie, she lived a wealthy lifestyle.

Bernie Madoff’s wife,
Bernie Madoff’s wife, Source: CBS News

According to the Daily Mail, the Madoffs split their time between a $4 million estate and a $7 million penthouse in Manhattan.

Bernard Madoff Bernie Madoff’s net worth is estimated to be -$17 billion.

The architect of the Ponzi scheme was sentenced to 150 years in jail.

Furthermore, Bernie was forced to pay $170 billion in restitution, resulting in a negative net worth.

Madoff had a significant number of properties all around the world.

These include a house in Montauk, New York, his permanent home in Manhattan’s Upper East Side, and a mansion in Palm Beach, Florida.

The US Marshals Service staged an auction in September 2009 to sell these and many of his other properties.