Madoff worth over $820 million

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

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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

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