1. People & Relationships
You can opt-out at any time. Please refer to our privacy policy for contact information.

Discuss in our forum

Ruth and Bernard Madoff Marriage Profile

Nearly 50 Years Together Before Bernard's Conviction

By

After being married for nearly 50 years and developing a successful partnership, Ruth and Bernard Madoff face both the legal consequences and the victims of Bernard's $65 billion Ponzi scheme. Bernard was sentenced to serve 150 years in federal prison.

Although not accused of doing anything wrong, Ruth had to forfeit all assets except $2.5 million.

News Updates About Ruth and Bernard Madoff's Marriage and Legal Issues

Born:

Bernard Lawrence Madoff: April 29, 1938 in Queens, New York.

Ruth Alpern: Abt. May 1941 in Queens, New York.

How Bernard and Ruth Met:

Bernard and Ruth met while students at Far Rockaway High School in New York. Bernard graduated in 1956 and Ruth graduated in 1958.

Wedding Date:

Ruth and Bernard were married on November 28, 1959 at the Laurelton Jewish Center.
Mark Seal: "Their wedding was described as a "very nice Jewish wedding-sit-down dinner ..."
Source (includes photo of Bernie and Ruth Madoff): Mark Seal. "Madoff's World." VanityFair.com. 4/2009.

Children:

Ruth and Bernard have two sons. Their sons were the ones who alerted the federal investigators of the Ponzi scheme.
  • Mark Madoff: Born abt. 1964. Mark had four children. He committed suicide on 12/11/2010 at the age of 46.
  • Andrew Madoff: Born abt. 1966.
Mark Seal: “He [Bernie] loved his sons, but he never showed it,” said a family friend. “Mostly tough love and fear. People were afraid of Bernie. He wielded this influence. They were afraid of his temper.”
Source: Mark Seal. "Madoff's World." VanityFair.com. 4/2009.

Occupations:

Bernard: Investment broker, investment adviser, owner of an investment-advisory business, Bernard L. Madoff investment Securities LLC.
"The owner's name is on the door. Clients know that Bernard Madoff has a personal interest in maintaining the unblemished record of value, fair-dealing, and high ethical standards that has always been the firm's hallmark."
Source: Cached version of Madoff.com.

Ruth: Co-trustee of the Madoff Family Foundation, nutritionist, cookbook editor.

"From the start, Ruth’s office was right next to her husband’s."
Source: Mark Seal. "Madoff's World." VanityFair.com. 4/2009.

Alice Leigh Cowan: "Karen MacNeil, a food and wine expert who was given the title of editor of the project, beneath the two executive editors —- Mrs. Madoff and her friend Idee Schoenheimer —- disclosed in an interview with The New York Times that she was paid to write the cookbook in its entirety."
Source: Alison Leigh Cowan. "A Madoff Cookbook Has a Secret, Too." NYTimes.com 1/14/2009.

Residences:

Bernie Madoff is at the Metropolitan Corrections Center awaiting a decision as to which federal prison he will be assigned to for his 150-year sentence.
"Madoff is now in jail at the Metropolitan Corrections Center, very near the Federal courthouse building where he made his plea. And he is now known as inmate #61727054."
Source: "Bernie Madoff's New Digs: From Penthouse to Outhouse." CNBC.com. 3/12/2009.

Before the Ponzi scheme investigation, Bernard and Ruth owned quite a few homes homes including ones in Montauk, New York, Roslyn, New York, the Upper East Side of Manhattan, a mansion in Palm Beach, Florida, and a home in France. These homes and other personal property were forfeited.

On July 2, 2009, three days after her husband Bernard Madoff was sentenced to 150 years in federal prison, Ruth Madoff was evicted from their $7 million penthouse in New York and surrendered personal property in the penthouse.

Joseph Kavanau: "... the first home Mr. Madoff shared with his bride was a modest, one-bedroom apartment in Bayside, Queens."
Source: Julie Creswell, Landon Thomas Jr. "The Talented Mr. Madoff." NYTimes.com. 1/24/2009.

Quotes About the Marriage of Ruth and Bernard Madoff

Other Sources:
Nick Goodway. "How Much did Madoff's wife know about his $50 billion swindle?" ThisIsLondon.co.uk. 12/16/08.
Alex Berenson. "Authorities Ease Madoff's Bail Terms." NYTimes.com. 12/17/08.

©2014 About.com. All rights reserved.