Ruth Madoff
Encyclopedia
Ruth Madoff is an American businesswoman and the wife of Bernard Madoff
.
in 1958. Following her graduation from Queens College, she worked in the stock market.
, whom she had met while attending Far Rockaway High School. The two eventually began dating.
Bernard and Ruth Madoff had two sons: Mark (March 11, 1964-December 11, 2010), a 1986 graduate of the University of Michigan
, and Andrew (born April 8, 1966), a 1988 graduate of University of Pennsylvania
's Wharton Business School. On the morning of December 11, 2010—exactly two years after Bernard's arrest—Mark was found dead in his New York City apartment. The city medical examiner ruled the cause of death as suicide
by hanging.
According to a March 13, 2009, filing by Madoff, he and his wife were worth up to $126 million, plus an estimated $700 million for the value of his business interest in Bernard L. Madoff Investment Securities LLC. Other major assets included securities ($45 million), cash ($17 million), half-interest in BLM Air Charter ($12 million), a 2006 Leopard yacht ($7 million), jewelry ($2.6 million), Manhattan apartment ($7 million), Montauk home ($3 million), Palm Beach home ($11 million), Cap d' Antibes
, France property ($1 million), and furniture, household goods, and art ($9.9 million).
During a 2011 interview on CBS
, Ruth stated that she and her husband had attempted suicide after his fraud was exposed, both taking "a bunch of pills" in a suicide pact on Christmas Eve
2008.
Bernard Madoff
Bernard Lawrence "Bernie" Madoff is a former American businessman, stockbroker, investment advisor, and financier. He is the former non-executive chairman of the NASDAQ stock market, and the admitted operator of a Ponzi scheme that is considered to be the largest financial fraud in U.S...
.
Early life
Madoff was born in Queens, New York City, New York. She has a sister, Joan. Madoff graduated from Far Rockaway High SchoolFar Rockaway High School
Far Rockaway High School, a public high school in the public school system of New York City, was located on Bay 25 Street in Far Rockaway in the borough of Queens, as part of the New York City Department of Education. The school was founded in 1897, with Sanford J. Ellsworth as principal for over...
in 1958. Following her graduation from Queens College, she worked in the stock market.
Personal life
On November 28, 1959, she married Bernard MadoffBernard Madoff
Bernard Lawrence "Bernie" Madoff is a former American businessman, stockbroker, investment advisor, and financier. He is the former non-executive chairman of the NASDAQ stock market, and the admitted operator of a Ponzi scheme that is considered to be the largest financial fraud in U.S...
, whom she had met while attending Far Rockaway High School. The two eventually began dating.
Bernard and Ruth Madoff had two sons: Mark (March 11, 1964-December 11, 2010), a 1986 graduate of the University of Michigan
University of Michigan
The University of Michigan is a public research university located in Ann Arbor, Michigan in the United States. It is the state's oldest university and the flagship campus of the University of Michigan...
, and Andrew (born April 8, 1966), a 1988 graduate of University of Pennsylvania
University of Pennsylvania
The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...
's Wharton Business School. On the morning of December 11, 2010—exactly two years after Bernard's arrest—Mark was found dead in his New York City apartment. The city medical examiner ruled the cause of death as suicide
Suicide
Suicide is the act of intentionally causing one's own death. Suicide is often committed out of despair or attributed to some underlying mental disorder, such as depression, bipolar disorder, schizophrenia, alcoholism, or drug abuse...
by hanging.
According to a March 13, 2009, filing by Madoff, he and his wife were worth up to $126 million, plus an estimated $700 million for the value of his business interest in Bernard L. Madoff Investment Securities LLC. Other major assets included securities ($45 million), cash ($17 million), half-interest in BLM Air Charter ($12 million), a 2006 Leopard yacht ($7 million), jewelry ($2.6 million), Manhattan apartment ($7 million), Montauk home ($3 million), Palm Beach home ($11 million), Cap d' Antibes
Antibes
Antibes is a resort town in the Alpes-Maritimes department in southeastern France.It lies on the Mediterranean in the Côte d'Azur, located between Cannes and Nice. The town of Juan-les-Pins is within the commune of Antibes...
, France property ($1 million), and furniture, household goods, and art ($9.9 million).
During a 2011 interview on CBS
CBS
CBS Broadcasting Inc. is a major US commercial broadcasting television network, which started as a radio network. The name is derived from the initials of the network's former name, Columbia Broadcasting System. The network is sometimes referred to as the "Eye Network" in reference to the shape of...
, Ruth stated that she and her husband had attempted suicide after his fraud was exposed, both taking "a bunch of pills" in a suicide pact on Christmas Eve
Christmas Eve
Christmas Eve refers to the evening or entire day preceding Christmas Day, a widely celebrated festival commemorating the birth of Jesus of Nazareth that takes place on December 25...
2008.