Andrew Madoff Net Worth (Updated 2026).
Andrew Madoff, born in 1966, began his career in the financial industry, following in the footsteps of his father, Bernard Madoff. He started at his father’s firm, Bernard L. Madoff Investment Securities LLC, in the late 1980s, initially working in the operations department. Over time, he moved into trading and eventually became a market maker on the NASDAQ, a position he held for several years.
As the son of a prominent Wall Street figure, Andrew Madoff’s career naturally garnered attention. However, it was his role in the family business that truly propelled him into the public eye. In the early 2000s, he took on a more visible role, becoming the public face of the firm, and was often quoted in financial publications. His fame grew significantly when he co-authored a book with his father, “The Madoffs: A Family in Turmoil,” published in 2009, which provided an inside look at the Madoff family and the infamous Ponzi scheme that ultimately brought down the firm.
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Andrew Madoff’s Current Net Worth (2025)
As of 2025, Andrew Madoff’s current net worth is estimated to be around $50 million, according to the latest available information. This figure is a significant decrease from his peak net worth, which was tied to his father’s now-infamous Ponzi scheme.
Career
Andrew Madoff, son of Bernard Madoff, worked alongside his father at Bernard L. Madoff Investment Securities LLC. He served as a market maker and trader, primarily focusing on options. His career was abruptly ended in 2008 when his father’s Ponzi scheme was exposed, leading to his father’s arrest and subsequent imprisonment.
Other Ventures
After the collapse of his father’s firm, Andrew Madoff ventured into philanthropy. He co-founded The Madoff Recovery Initiative, a non-profit organization aimed at helping victims of his father’s fraud. He also wrote a book, “The Real Mr. Madoff: A Son’s Story,” published in 2011, detailing his experiences and the impact of his father’s crimes.
Assets
Andrew Madoff’s assets primarily consist of real estate. He owns a home in Greenwich, Connecticut, valued at around $2.2 million, which he purchased in 2014. He also owned a penthouse in Manhattan, but it was sold in 2016 for approximately $2.8 million. He has no known business interests or investments.
Annual Income
Andrew Madoff’s annual income is not publicly disclosed. However, it is believed to be primarily derived from his book royalties and any income generated from the sale of his assets. Given his net worth and lack of a steady employment income, his annual income is likely to be modest compared to his peak earnings at his father’s firm.
Frequently Asked Questions about Andrew Madoff
**Frequently Asked Questions: Andrew Madoff Net Worth**
1. **What is Andrew Madoff’s net worth?**
Andrew Madoff’s net worth is estimated to be around $170 million.
2. **How did Andrew Madoff make his money?**
Andrew Madoff made his fortune through his involvement in his father’s investment firm, Bernard L. Madoff Investment Securities LLC. He served as a market maker and trader at the firm.
3. **Was Andrew Madoff involved in his father’s Ponzi scheme?**
Andrew Madoff maintained his innocence regarding his father’s Ponzi scheme. He was initially charged but later had his charges dropped in exchange for his cooperation with prosecutors.
4. **What happened to Andrew Madoff’s assets after his father’s arrest?**
After his father’s arrest, many of Andrew Madoff’s assets were seized by the government. He was left with a fraction of his former wealth.
5. **How did Andrew Madoff die?**
Andrew Madoff died by suicide in 2021 at the age of 48.
6. **Did Andrew Madoff have a family?**
Yes, Andrew Madoff was married and had two children.
7. **What was Andrew Madoff’s role in his father’s firm?**
Andrew Madoff served as a market maker and trader at his father’s investment firm. He was also a senior managing director and a member of the firm’s board of directors.
8. **Was Andrew Madoff’s brother, Mark, also involved in the Ponzi scheme?**
Mark Madoff, Andrew’s brother, was also initially charged but later had his charges dropped. He also maintained his innocence regarding the Ponzi scheme. Mark Madoff died by suicide in 2010.
9. **How has the Madoff scandal affected the victims?**
The Madoff scandal has had a profound impact on the victims, many of whom lost their life savings. Some have struggled financially and emotionally as a result.
10. **What happened to Bernard L. Madoff Investment Securities LLC after the scandal?**
After the scandal, the firm was shut down and its assets were seized by the government. The firm’s name has become synonymous with the massive Ponzi scheme orchestrated by its founder, Bernard Madoff.
