Madoff worth over $820 million

Document filed Friday lists assets, paints a luxurious picture of Madoff's life.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By Jennifer Rizzo

madoff_090115a.03.jpg
Madoff pleaded guilty Thursday to 11 charges in a decades-long Ponzi scheme.

NEW YORK (CNN) -- Bernard Madoff, who pleaded guilty to operating a multi-billion dollar Ponzi scheme, is worth up to $826 million, according to a document filed with a federal court on Friday.

Madoff values his business, Bernard L. Madoff Investment Securities which is currently being liquidated, at $700 million, said the document, which estimated his wealth totals at least $823 million.

Real estate from around the world worth $22 million is listed - including a New York City apartment valued at $7 million and a home in Palm Beach, Florida, worth $11 million, another in Montauk, New York, worth $3 million and one in Cap d'Antibe, France, worth $1 million.

All of the residences except for the Montauk home are listed as being bought by his wife, Ruth Madoff.

Listings of other non-business assets paint a luxurious picture of Madoff's life - a 50 percent stake in a charter aircraft worth $12 million, a $7 million yacht in France, and over $2 million in jewelry.

The latter two, along with approximately $17 million in cash and three cars - a 1999 and 2001 Mercedes and 2004 Volkswagen - are all listed under Ruth Madoff's name.

The document was posted Saturday on the Web site of the Wall Street Journal.

Madoff was ordered to jail Thursday after pleading guilty to all 11 criminal counts in one of Wall Street's biggest swindles ever.

The document was included in a filing Friday in connection with an appeal to have Madoff freed from jail until his sentencing, which is set for June 16. To top of page

Features
They're hiring!These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
More Galleries
7 quirky luxury products for the super rich Take a look at some of the most unusual luxury products being marketed to the top 1% in Monaco, including a rotating sunbed, hand-made wooden skis and fur coats for dogs. More
Five things to know about Putin's Russia An economic crisis, Western sanctions and a comeback currency: What's going on in Russia? More
9 up-and-coming collectible cars They're relatively cheap now but these models have already caught collectors' eyes and are expected to increase in value in years to come More
Sponsors
Worry about the hackers you don't know 
Crime syndicates and government organizations pose a much greater cyber threat than renegade hacker groups like Anonymous. Play
GE CEO: Bringing jobs back to the U.S. 
Jeff Immelt says the U.S. is a cost competitive market for advanced manufacturing and that GE is bringing jobs back from Mexico. Play
Hamster wheel and wedgie-powered transit 
Red Bull Creation challenges hackers and engineers to invent new modes of transportation. Play