Early Life
Madoff was born on April 29, 1938 in Queens, New York City, New York. He is the son of Jewish parents Sylvia (née Muntner; December 1911 – December 1974), a homemaker, and Ralph Madoff (June 1910 – July 1972), a plumber and stockbroker. Madoff's grandparents were emigrants from Poland, Romania and Austria. He is the second of three children; his siblings are Sondra (Weiner) and Peter. Madoff graduated from Far Rockaway High School in 1956. He attended the University of Alabama for one year, where he became a brother of the Tau Chapter of the Sigma Alpha Mu fraternity, then transferred to and graduated from Hofstra University in 1960 with a Bachelor of Arts in political science. Madoff briefly attended Brooklyn Law School, but founded the Wall Street firm Bernard L. Madoff Investment Securities LLC and remained working for his own company.
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Famous quotes related to early life:
“... business training in early life should not be regarded solely as insurance against destitution in the case of an emergency. For from business experience women can gain, too, knowledge of the world and of human beings, which should be of immeasurable value to their marriage careers. Self-discipline, co-operation, adaptability, efficiency, economic management,—if she learns these in her business life she is liable for many less heartbreaks and disappointments in her married life.”
—Hortense Odlum (1892–?)
“... goodness is of a modest nature, easily discouraged, and when much elbowed in early life by unabashed vices, is apt to retire into extreme privacy, so that it is more easily believed in by those who construct a selfish old gentleman theoretically, than by those who form the narrower judgments based on his personal acquaintance.”
—George Eliot [Mary Ann (or Marian)