Who is Steve Madden?
Steve Madden is an American businessman who founded and designed the well-known Steven Madden Company, which sells fashionable footwear and accessories. Steve Madden following a period of initial success, Steve became embroiled in controversy as a result of a civil court lawsuit filed against him.
Steve returned to his company with renewed vigor after his release from prison, propelling it to unprecedented financial heights.
Steve Madden-Birth, Parents, Siblings & Education
Steve Madden, born on January 1, 1958, in Queens, New York will be 63 years old on August 14, 2021.
He had Irish American ancestry on his father’s side and Jewish ancestry on his mother’s.
He is the eldest of two brothers. In Nassau County, Steve attended Lawrence High School.
After graduating from high school, he attended Miami University for two years.
After working as a salesperson in various women’s shoe and apparel stores, Steve founded his own shoe company, Steven Madden Ltd., in 1990.
Despite the company’s success, Steve was involved in a legal and financial battle with the Securities and Exchange Commission in 2000.
He lost the case and was sentenced to several months in prison.
Net Worth of Steve Madden? Salary, Earning
Madden, the $2.6 billion corporation’s founder, is estimated to have a net worth of $300 million as of August 2021.
Steve amassed the majority of his fortune while serving as the company’s former chairman.
He is now the company’s design leader, and it was named one of Forbes’ fastest-growing companies in 2015.
In 2017, his company’s net sales were $1.6 billion.
The net income of the company increased by 7% to $129 million.
Facts of Steve Madden
| Celebrated Name: | Steve Madden |
|---|---|
| Real Name/Full Name: | Steve Madden |
| Gender: | Male |
| Age: | 63 years old |
| Birth Date: | 1 January 1958 |
| Birth Place: | Far Rockaway, New York, United States |
| Nationality: | American |
| Height: | 1.69 m |
| Weight: | 80 kg |
| Sexual Orientation: | Straight |
| Marital Status: | Divorced |
| Wife/Spouse (Name): | Wendy Ballew (m. 2005–2015) |
| Children: | Yes (Stevie Madden, Goldie Ryan Madden, Jack Madden) |
| Dating/Girlfriend (Name): |
N/A |
| Profession: | American fashion designer, businessman and convicted felon |
| Net Worth in 2021: | $300 million |
| Last Updated: | 2022 |
Relationship, Married life, Boyfriend/Girlfriend
Wendy Ballew is his wife’s name.(m. 2005–2015)
They have 3 children, names are Stevie Madden, Goldie Ryan Madden, and Jack Madden.
Body Measurement- Height, Weight, Hair Color
He is 1.69 meters tall and 80 kilograms in weight.
Steve Madden-Professional Career
Madden began his career in the footwear industry while still in school.
He worked as a teenager in a shoe store in Toulouse.
Following college, Steve worked for a women’s clothing company and a boot wholesaler.
He was drawn to the footwear industry.
Steve founded his first shoe company with the assistance of a friend.
The company did not perform as expected and was forced to close.
He founded Steven Madden Ltd. in 1990, which he still runs today.
His first batch of sales consisted of only 500 pairs of women’s boots, which he designed himself and sold to various businesses from his car.
Within three years, the company had gained a large following among younger women, and Steve decided to list it on the NASDAQ.
After expanding its product line to include jewelry and handbags, the company made $59 million in revenue in 1997.
In 2000, Steve was found guilty of money laundering and sentenced to 31 months in prison.
He was forced to resign from his position at the company, and the stock price plummeted.
Following his release from prison, Steve joined the company as its head designer, assisting it in regaining its former glory.
Steve has received the FN achievement award for The Company of the Year five times, the most recent being in 2017.
The Footwear News Achievement Awards, also known as the Shoes Oscars, honor footwear designers, brands, and businesses.
In 2011, Footwear News readers named Steve Madden Person of the Year.
Steve Madden had the honor of ringing the NASDAQ closing bell on the company’s 20th anniversary.
In the same year, he was named Brand of the Year at the Annual American Images Awards.
Social Media
Steve’s Instagram account is @stevemadden with 2.9M Followers.
Also Read: Misty Rosas, Katherine Williams-Dunning, Dimarjio Jenkins, Mary Bellavita
Quick Facts of Steve Madden
- His company made $1.6 billion in net sales in 2017.
- Steve launched his own shoe firm, Steven Madden Ltd., in 1990, after working as a salesperson in various women’s shoe and apparel stores.
- Despite the company’s success, Steve became embroiled in a legal and financial dispute with the Securities Exchange Commission in 2000.
- Steve was convicted of money laundering in 2000 and sentenced to 31 months in prison.
- Madden has won the FN accomplishment award for The Company of the Year five times, the most recent of which was in 2017.
