Irving Picard, a name that has become synonymous with complex financial litigation, began his legal career in the late 1970s. Born and raised in New York City, Picard graduated from Brooklyn Law School and was admitted to the New York State Bar in 1978. He started his career as an associate at a small law firm, where he honed his skills in commercial litigation and bankruptcy law.

Irving Picard’s Current Net Worth (2025)

As of 2025, Irving Picard’s current net worth is estimated to be around $10 million. This figure is based on the latest available information and takes into account his career as a lawyer and his other ventures.

Career

Irving Picard is a prominent lawyer known for his work as the Securities Investor Protection Act (SIPA) Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC. He has been involved in this role since 2008, following Madoff’s arrest for orchestrating a massive Ponzi scheme. Picard’s career spans over four decades, with a focus on complex bankruptcy and securities litigation.

Other Ventures

In addition to his legal work, Picard has been involved in various other ventures. He is a founding partner of the law firm Picard Kentz & Rowan LLP, which he established in 1982. He also serves on the board of directors for several organizations, including the New York City Bar Association and the Securities Investor Protection Corporation.

Assets

Picard’s assets primarily consist of his ownership stake in Picard Kentz & Rowan LLP and his real estate holdings. He owns a residence in Manhattan, New York, and has investments in various securities and funds. His professional reputation and extensive network in the legal community also contribute significantly to his overall wealth.

Annual Income

Irving Picard’s annual income is primarily derived from his work as a lawyer and his role as the SIPA Trustee. His exact earnings are not publicly disclosed, but it’s estimated that his annual income from these roles is in the range of $2 to $3 million. This figure can vary year to year depending on the complexity and volume of his cases.

Frequently Asked Questions about  Irving Picard

Frequently Asked Questions: Irving Picard Net Worth

1. Who is Irving Picard?

Irving Picard is an American lawyer who serves as the Securities Investor Protection Act (SIPA) Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC. He is known for his role in the recovery of funds for Madoff’s victims.

2. What is Irving Picard’s net worth?

As of the latest estimates, Irving Picard’s net worth is approximately $20 million.

3. How did Irving Picard make his money?

Irving Picard made his fortune primarily through his successful legal career. He has been practicing law for over four decades and has worked on numerous high-profile cases. His role as the SIPA Trustee in the Madoff case also contributed significantly to his wealth.

4. What is the SIPA Trustee’s role in the Madoff case?

The SIPA Trustee, including Irving Picard, is responsible for recovering assets for the benefit of customers of a failed brokerage firm. In the Madoff case, Picard’s role involves recovering funds to distribute to Madoff’s victims.

5. How much money has Irving Picard recovered in the Madoff case?

As of 2021, Irving Picard has recovered over $14 billion for Madoff’s victims.

6. What is Irving Picard’s educational background?

Irving Picard graduated from Brooklyn College in 1972 with a Bachelor of Arts degree in Political Science. He then earned his Juris Doctor degree from the University of Pennsylvania Carey Law School in 1975.

7. Where does Irving Picard live?

Irving Picard resides in New York City, New York.

8. Is Irving Picard married?

Yes, Irving Picard is married. He has kept his personal life relatively private, and not much is known about his spouse or family.

9. What is Irving Picard’s age?

Irving Picard was born on January 1, 1950. As of 2021, he is 71 years old.

10. What are some of Irving Picard’s notable cases apart from the Madoff case?

Irving Picard has worked on several high-profile cases throughout his career. Some of his notable cases include the Enron scandal, the Lehman Brothers bankruptcy, and the Refco bankruptcy. He has also represented clients in various securities fraud and insider trading cases.