Steve Madden Net Worth (Updated 2025).

Steve Madden, a name now synonymous with footwear, began his career in the late 1970s as a teenager working at a Long Island shoe store. He quickly demonstrated an uncanny ability to predict and adapt to shifting trends, a skill that would become the cornerstone of his future success. Madden’s break came when he designed a women’s slipper that became a surprise hit, selling over 50,000 pairs in just a few months. This early triumph led to the launch of his own company, Steve Madden Ltd., in 1990.

Steve Madden’s Current Net Worth

As of 2025, Steve Madden’s current net worth is estimated to be around $1.2 billion. This figure reflects his successful career and various ventures in the fashion industry.

Career

Steve Madden, born in 1958, started his career in the fashion industry in the late 1970s. He founded his namesake company, Steve Madden Ltd., in 1990. Today, his company is a leading designer and marketer of fashion footwear and accessories, with products sold in over 80 countries worldwide.

Other Ventures

Besides his successful footwear brand, Madden has also ventured into other businesses. In 2011, he launched a men’s clothing line, Madden Men, and later expanded into handbags and outerwear. Additionally, he has invested in several other fashion brands, including Dolce Vita and Blondo.

Assets

Madden’s assets include his majority stake in Steve Madden Ltd., valued at over $1 billion. He also owns several properties, including a luxurious home in the Hamptons and a penthouse in New York City. His extensive art collection, featuring works by artists like Andy Warhol and Jean-Michel Basquiat, is also a significant asset.

Annual Income

Steve Madden’s annual income is primarily derived from his stake in Steve Madden Ltd. and his other ventures. In recent years, his annual income has been estimated to be around $50 million. However, this figure can vary significantly from year to year depending on the company’s performance and his other business activities.

Frequently Asked Questions about  Steve Madden

Frequently Asked Questions: Steve Madden Net Worth

1. What is Steve Madden’s net worth?

Steve Madden’s net worth is estimated to be around $1.5 billion.

2. How did Steve Madden build his fortune?

Steve Madden built his fortune by founding the Steve Madden footwear company in 1990. He started with a single shoe design and expanded the business to include a wide range of footwear and accessories.

3. What is Steve Madden’s background?

Steve Madden was born in New York City and graduated from the State University of New York at Brockport. He started his career in the footwear industry in the 1980s, working for various companies before founding his own brand.

4. What are some of Steve Madden’s most popular shoe designs?

Some of Steve Madden’s most popular shoe designs include the Slinky, the Glam, and the Mary Lou. The company is also known for its boots, sandals, and accessories.

5. How many stores does Steve Madden have?

As of 2021, Steve Madden has over 150 retail stores in the United States and Canada.

6. Is Steve Madden a public company?

Yes, Steve Madden is a public company. It is listed on the NASDAQ stock exchange under the ticker symbol SHOO.

7. What is Steve Madden’s role in the company today?

Steve Madden serves as the Creative and Design Chief of the company. He is responsible for the design and marketing of all Steve Madden products.

8. Has Steve Madden faced any legal issues?

Yes, Steve Madden has faced legal issues in the past. In 2002, he was sentenced to 41 months in prison for securities fraud and money laundering. He was released in 2005 and has since returned to his role at the company.

9. What is Steve Madden’s philanthropic work?

Steve Madden is involved in various philanthropic efforts, including supporting the American Cancer Society, the Children’s Hospital Los Angeles, and the Robin Hood Foundation.

10. How old is Steve Madden?

Steve Madden was born on January 1, 1958, making him 63 years old as of 2021.