Storyboard

Ruth Madoff's Life Today Is Pretty Sad

In the late 2000s, Ruth Madoff saw her husband, Bernie Madoff, accused of running one giant Ponzi scheme. He'd reportedly managed to convince thousands of people to hand over their hard-earned money, promising them that he'd make profitable investments and that they'd soon see enormous payoff (via Business Insider). But that's just not what happened. Instead, Bernie, who'd been a respected financier, simply ripped off his clients, stealing billions of their dollars — but it all eventually caught

Avatar - Nicki Swift
Curated by
Nicki Swift
    • Celebrity News
    • entertainment news
    • Entertainment Industry
    • Crime
Ruth Madoff's Life Today Is Pretty Sad

Photo: trello-attachments.s3.amazonaws.com

Continue to read
5 stories in this Storyboard
    Ruth Madoff's Life Today Is Pretty Sad

    Ruth Madoff's Life Today Is Pretty Sad

    In the late 2000s, Ruth Madoff saw her husband, Bernie Madoff, accused of running one giant Ponzi scheme. He'd reportedly managed to convince thousands of people to hand over their hard-earned money, promising them that he'd make profitable investments and that they'd soon see enormous payoff (via Business Insider). But that's just not what happened. Instead, Bernie, who'd been a respected financier, simply ripped off his clients, stealing billions of their dollars — but it all eventually caught up with him.

    Shady Ways Celebs Make Money

    Shady Ways Celebs Make Money

    Celebrities aren't just famous, they're typically also rich. Everyone assumes that their wealth comes from appearing in movies, TV shows, selling albums, or other obvious means. In reality, a lot of their money comes from other venues. These other forms of revenue usually come from endorsements and advertisements, which is perfectly fine. You'd be surprised at some of the more unconventional, even shady, ways celebrities make bank.

    Celebrities Who Are Much Poorer Than You Thought

    Celebrities Who Are Much Poorer Than You Thought

    From a distance, the celebrity life seems pretty sweet. Fancy parties, fun jobs, cool perks, and best of all? Huge paychecks. But being one of Hollywood's elite doesn't always go hand in hand with making a lot of money, and famous folks aren't necessarily good at managing their wealth. Whether they spent their money unwisely, filed for bankruptcy, or experienced a lot of unexpected expenses, the bottom lines of these stars may surprise you. Let's crunch the numbers, via Celebrity Net Worth.

    Celebs With Fame But No Fortune

    Celebs With Fame But No Fortune

    Stardom is expensive: Celebrities often have big teams to support, from stylists to glam squads to managers to agents to publicists. Then there's the price of keeping up appearances, general living costs, "lifestyle creep," and families to support. And that's not even to mention the cost of business itself: Just because people know your name doesn't mean they'll line your pockets, and celebrities may not always see a return on their investments for some projects.

More stories from Celebrity News