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.
Ruth Madoff was born in Queens, New York in May 1941. She graduated from New York University and Queens College and married Bernie in 1959 when she was 18 years old. She worked as his bookkeeper before becoming director.
Ruth Madoff has been portrayed by Blythe Danner in the 2016 TV miniseries “Madoff” and by Michelle Pfeiffer in the 2017 HBO movie “The Wizard of Lies”. Cate Blanchett used Madoff as the inspiration for her Oscar winning performance in the film “Blue Jasmine”.
Ruth currently lives in a rented one-bedroom apartment in Connecticut. 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.
Bernie and Ruth had two sons, Mark and Andrew. In the aftermath of Bernie’s fraud, Mark committed suicide in 2010. Andrew died of cancer in 2014. According to a court filing made in March 2009, Bernie and Ruth Madoff’s net worth at the time of his arrest was a shade under $1 billion. That net worth was made up of $138 million in cash, real estate and securities plus approximately $700 million in the value of Bernie’s interest in his investment firm. They previously owned a $7 million Manhattan apartment, an $8 million home in The Hamptons, an $11 million home in Palm Beach and a $1 million property in France.