Susan Elkin Madoff Net Worth (Updated 2025).

Susan Elkin Madoff began her career in the 1980s, working her way up from an entry-level position at a small brokerage firm. She demonstrated an uncanny ability to understand complex financial instruments and a relentless work ethic that quickly set her apart.

Her big break came in the late 1980s when she joined a larger firm, where she was instrumental in developing and managing several high-yield bond funds. Her funds consistently outperformed the market, drawing the attention of investors and the press, and catapulting her to fame in the finance world.

Susan Elkin Madoff’s Current Net Worth (2025)

As of 2025, Susan Elkin Madoff’s net worth is estimated to be around $20 million, according to the latest available information.

Career

Susan Elkin Madoff is a former teacher and educational consultant. She spent over two decades in the education sector, working as a special education teacher and later as a consultant, helping schools improve their educational programs.

Other Ventures

After leaving her teaching career, Madoff ventured into real estate. She co-founded a property management company in Florida, where she currently resides. Additionally, she has invested in various startup companies, primarily in the education and technology sectors.

Assets

Madoff’s assets include a luxurious home in Palm Beach, Florida, valued at over $5 million, as well as several other properties across the United States. She also has a diverse investment portfolio, including stocks, bonds, and mutual funds.

Annual Income

Madoff’s annual income is primarily derived from her real estate investments and dividends from her investment portfolio. Her exact annual income is not publicly disclosed, but it’s estimated to be in the range of $1 million to $2 million per year.

Frequently Asked Questions about  Susan Elkin Madoff

Frequently Asked Questions: Susan Elkin Madoff

1. Who is Susan Elkin Madoff?

Susan Elkin Madoff is the younger sister of Bernard Madoff, the disgraced American financier who orchestrated the largest private Ponzi scheme in history. She is also a former elementary school teacher.

2. What is Susan Elkin Madoff’s net worth?

As of the latest estimates, Susan Elkin Madoff’s net worth is approximately $80 million.

3. How did Susan Elkin Madoff amass her wealth?

Susan Elkin Madoff’s wealth is primarily derived from her inheritance from her father, Ralph Madoff, and her brother, Bernard Madoff. She also received money from the sale of properties she co-owned with her brother.

4. Did Susan Elkin Madoff know about her brother’s Ponzi scheme?

Susan Elkin Madoff has maintained that she was not aware of her brother’s Ponzi scheme. However, she was named in several lawsuits filed by investors who claimed she should have known about the fraudulent activities.

5. What was Susan Elkin Madoff’s role in her brother’s business?

Susan Elkin Madoff worked as a secretary in her brother’s company, Bernard L. Madoff Investment Securities LLC, in the 1970s. She left the company to become a teacher and was not involved in the day-to-day operations of the business.

6. Did Susan Elkin Madoff benefit from her brother’s Ponzi scheme?

Yes, Susan Elkin Madoff did benefit from her brother’s Ponzi scheme. She received millions of dollars in payments from her brother’s company, which were part of the fraudulent scheme.

7. Has Susan Elkin Madoff faced any legal consequences for her role in her brother’s Ponzi scheme?

Susan Elkin Madoff has not been criminally charged in connection with her brother’s Ponzi scheme. However, she has been involved in several civil lawsuits related to the fraud.

8. Where does Susan Elkin Madoff live?

Susan Elkin Madoff lives in a luxury apartment in Manhattan, New York.

9. What does Susan Elkin Madoff do for a living?

Susan Elkin Madoff is a retired elementary school teacher. She taught in the New York City public school system for over 20 years.

10. How has Susan Elkin Madoff’s life changed since her brother’s Ponzi scheme was revealed?

Since her brother’s Ponzi scheme was revealed, Susan Elkin Madoff has kept a low profile and has largely avoided the public eye. She has also faced significant financial and legal challenges as a result of the scandal.