Steve Madden Net Worth

1
Steve Madden Net Worth
2
How much money does Steve Madden have?

• Steve Madden is a businessman and fashion
  designer from the United States. He is worth 300
  million. Steve Madden started his shoe business,
  Steve Madden Ltd., in 1990 with just 1,100. As
  of this writing, the company makes more than 1.5
  billion in sales each year and has a market cap
  of 3.42 billion. Maddens autobiography, The
  Cobbler How I Disrupted an Industry, Fell from
  Grace, and Came Back Stronger than Ever, was
  published in 2020.

3
Best Paid Executives

• Steve is sometimes one of the best paid
  executives in the United States. In 2012, he made
  85 million, and in 2011, he was able to
  negotiate two more stock grants worth a total of
  80 million. The first part became available in
  2017, and the second will become available in
  2023.

4
Early Life

• Steve Madden was born in 1958 in the New York
  City neighborhood of Far Rockaway, Queens. He
  heightens in the nearby town of Lawrence with his
  Irish-Catholic father, Jewish mother, and John
  and Luke, his older brothers. As a teen, Steve
  went to Lawrence High School and worked at a shoe
  store.
• Read Also Zaviera Maxwell

5
Start of Steve Madden Ltd

• Steve started working for L.J. Simone, a
  wholesaler, in 1980. There, he learned everything
  he could about making things and designing them.
  At the age of 31, he went out on his own and
  started Steve Madden Ltd. He sold shoes in the
  back of his car. The wholesale price was 16 and
  the retail price was 24.

6
American Image Award

• The company won the Best Performing Wholesaler
  award from Footwear News in 2011 and the
  Partners in Excellence award from Nordstrom in
  2010. At the AAFA American Image Awards in 2010,
  the company was also named Brand of the Year.
  Steven Madden, Ltd. made 1.65 billion in sales
  in 2018.

7
Criminal Conviction

• In 2001, the Securities and Exchange Commission
  accused Madden of taking part in a pump and
  dump scheme involving the financial firm
  Stratton Oakmont and its founder, Jordan Belfort
  (who would later be known as The Wolf of Wall
  Street). In 2002, Steve was found guilty of
  stock manipulation, securities fraud, and other
  crimes and given a 41-month prison sentence.

8
Prison Life

• He did 31 months in prison, while Belfort did 22
  months. During his time in prison, Madden had to
  step down as CEO of Steve Madden Ltd., but he
  quickly accepted a job with the company as a
  creative consultant. He was able to keep making
  700,000 a year from this job while he was in
  prison. After Steve got out of prison in April
  2005, he had to live in a halfway house in New
  York City for 60 days. After that, he had to stay
  at home for a certain amount of time.

9
Married Life

• Steve married Wendy Ballew, who had been his
  operations director, in 2005. They had three
  children, a daughter named Goldie and twin sons
  named Stevie and Jack. In 2015, they got a
  divorce. Madden has always had problems with
  drugs and alcohol, and the court has ordered him
  to go to rehab.