Peter Madoff Net Worth (Updated 2026).

Peter Madoff, born in 1947, began his career in the financial sector at a young age. He started working at his father’s accounting firm, Madoff Investment Securities, straight out of college. The firm was established by his father, Bernard Madoff, and initially focused on market-making services.

As the company grew, so did Peter’s role. He took over the firm’s operations in the 1970s, expanding its services to include investment advisory and wealth management. This expansion brought increased visibility to the firm and, by extension, to Peter. His expertise in the industry and his family’s connection to the business made him a recognizable figure in the finance world.

Peter Madoff’s Current Net Worth (2025)

As of 2025, Peter Madoff’s current net worth is estimated to be around $400,000. This is a significant decrease from his peak net worth, reflecting the financial penalties and legal fees incurred due to his involvement in his brother Bernie Madoff’s ponzi scheme.

Career

Peter Madoff worked alongside his brother, Bernie Madoff, at Bernard L. Madoff Investment Securities LLC. He served as the Chief Compliance Officer and a Managing Director. However, his role in the company was later revealed to be integral to the operation of the massive ponzi scheme. He pleaded guilty to charges of conspiracy, securities fraud, and investment advisor fraud in 2012 and was sentenced to 10 years in prison.

Other Ventures

Before his involvement in the Madoff investment scandal, Peter Madoff was known for his philanthropic efforts. He was a board member of several charities and foundations, including the American Jewish Congress and the United Way of New York City. However, these associations were severed following his guilty plea and sentencing.

Assets

As a result of the legal proceedings, many of Peter Madoff’s assets were seized or forfeited. This includes his luxurious homes in Monte Carlo and the Hamptons, as well as his yacht, “The Bull”. He was also ordered to pay $170.8 million in restitution to the victims of the ponzi scheme.

Annual Income

Prior to his imprisonment, Peter Madoff’s annual income was estimated to be in the millions. However, since his sentencing in 2012, he has been incarcerated and has not received any significant income. In prison, inmates typically earn between $0.12 and $0.40 per hour for various jobs, but this does not apply to Peter Madoff as he is not participating in these programs.

Frequently Asked Questions about  Peter Madoff

Peter Madoff Net Worth FAQs

1. What is Peter Madoff’s net worth?

Peter Madoff’s net worth is estimated to be around $16 million.

2. How did Peter Madoff make his money?

Peter Madoff made his money through his career as an attorney and as the chief compliance officer of his brother’s investment firm, Bernard L. Madoff Investment Securities LLC.

3. Was Peter Madoff involved in his brother’s Ponzi scheme?

Peter Madoff was not charged with any criminal wrongdoing in connection with his brother’s Ponzi scheme. However, he was sentenced to 10 years in prison for his role in the cover-up of the scheme.

4. How long was Peter Madoff in prison?

Peter Madoff served 11 years in prison, from 2012 to 2023.

5. What is Peter Madoff doing now?

After his release from prison, Peter Madoff has kept a low profile and has not spoken publicly about his plans. It is believed that he is living in New York City.

6. Did Peter Madoff inherit any money from his brother?

No, Peter Madoff did not inherit any money from his brother. His brother’s estate was liquidated to pay back some of the funds lost in the Ponzi scheme.

7. How many children does Peter Madoff have?

Peter Madoff has two children, a son and a daughter.

8. What is Peter Madoff’s wife’s name?

Peter Madoff’s wife is Marion Madoff.

9. Did Peter Madoff’s wife know about the Ponzi scheme?

There is no evidence to suggest that Marion Madoff knew about her husband’s brother’s Ponzi scheme. She has not been charged with any criminal wrongdoing.

10. How old is Peter Madoff?

Peter Madoff was born on January 18, 1942, making him 81 years old.