Ruth Madoff

Ruth Madoff
Born Ruth Alpern
18 May 1941 (1941-05-18) (age 70)
Queens, New York, U.S.
Nationality American
Alma mater Queens College - (Bachelor's degree)
Occupation Businesswoman, wife of Bernard Madoff
Years active 1960–present
Partner Bernard Madoff (m. 1959)
Children Mark (ca. 1964–2010)
Andrew (b. 1966)

Ruth Madoff (née Alpern; born May 18, 1941) is an American businesswoman and the wife of Bernard Madoff.

Early life

Madoff was born in Queens, New York City, New York. She has a sister, Joan. Madoff graduated from Far Rockaway High School in 1958. Following her graduation from Queens College,[1][2] she worked in the stock market.

Personal life

On November 28, 1959, she married Bernard Madoff,[3] 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),[4] a 1986 graduate of the University of Michigan, and Andrew (born April 8, 1966),[5] a 1988 graduate of University of Pennsylvania's Wharton Business School.[6][7] 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.[8][9][10]

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.[11] 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.[12]

References

  1. ^ "Ruth and Bernard Madoff Marriage Profile". About.com
  2. ^ "The Trials of Ruth Madoff". People. February 21, 2011. Retrieved April 14, 2011.
  3. ^ "Have pity on Ruth Madoff". CNN. November 14, 2009. Retrieved April 16, 2011.
  4. ^ "A Charmed Life, a Tragic Death". People. January 10, 2011. Retrieved April 15, 2011. "Today would have been Mark's 47th birthday! I will never forget the kind and fun loving person he was. This will always be a difficult day of the year for me."
  5. ^ "The Tale of the Madoff Sons". New York Magazine. June 3, 2009. Retrieved April 15, 2011.
  6. ^ "EXCERPT: Mark Madoff in 'The Madoff Chronicles'" MSNBC. December 12, 2010. Retrieved April 15, 2011.
  7. ^ "The Trials of Ruth Madoff". People. February 21, 2011. Retrieved April 15, 2011.
  8. ^ "Officials: Bernie Madoff's Son Mark Madoff Found Dead Of Apparent Suicide In Soho Apartment". CBS]
  9. ^ Martha Graybow and Daniel Trotta (December 11, 2010). "Madoff's son found dead in apparent suicide". Financial Post. http://www.financialpost.com/Madoff+found+dead+apparent+suicide/3963296/story.html. Retrieved December 11, 2010. 
  10. ^ "Madoff son's suicide follows battle with trustee"
  11. ^ McCool, Grant (March 13, 2009). "Madoff to appeal bail, net worth revealed". Reuters. http://www.reuters.com/article/managementIssues/idUSN1343149520090313. Retrieved March 13, 2009. 
  12. ^ "Fraudster Bernard Madoff and wife 'attempted suicide'". October 26, 2011. http://www.bbc.co.uk/news/world-us-canada-15471683. Retrieved October 27, 2011.