Ruth Madoff (born May 18, 1941) is the widow of Bernie Madoff, the convicted American financial fraudster who served a prison sentence for a criminal financial scheme until his death in April 2021.
Is Ruth Madoff still rich?
The US Government allowed her to keep $2.5 million worth of her and Bernie’s former fortune. She spent roughly two years living with relatives in Florida after she lost her assets.
Ruth Madoff net worth: Ruth Madoff is an American businesswoman who has a net worth of $2 million. She is best known for being the wife of convicted financial fraudster Bernie Madoff. Before his massive fraud was exposed, Ruth served as the director of Bernard L. Madoff Investment Securities.
At the time of the sentencing of the crime in 2008, the Madoff’s assets were valued at a whopping 823 million dollars. A good chunk of their money was in real estate with homes in Manhattan, Montauk, Palm Beach, and France totaling a sizable 22 million dollars.
Ruth and Bernie also owned four boats (one of which was a yacht) valued at 9.3 million dollars. Also, Ruth had a personal jewelry collection that held a brag-worthy sum of $2.6 million (via ABC News).