Madoff Was Livin' Large in Lap of Luxury

High-roller owns yacht, jets, and properties up and down East Coast
By Kristina Loew,  Newser User
Posted Dec 24, 2008 4:12 AM CST
Madoff Was Livin' Large in Lap of Luxury
Bernard Madoff, chairman of Madoff Investment Securities, returns to his Manhattan apartment after making a court appearance last week.   (AP Photo/Jason DeCrow)

If disgraced money-man Bernard Madoff felt any guilt about his Ponzi-scheme hedge fund, you'd never know it. Now that he's under house arrest, his "lifestyle of the rich and infamous" is somewhat limited, but in a fitting tribute to a man who just fleeced investors of $50 billion, CNN Money put together a list of his princely possessions:

  • His Manhattan Upper East Side digs cost more than $5 million.
  • Ironically christened “Bull," his 55-foot yacht  is currently parked on the French Riviera. It was built by a boatyard that boasts a long list of clients, including Ernest Hemingway and a Chicago mobster.

  • Private jets: Why have one jet on call when you can have two?
  • Florida mansion: A $9.4 million 8,753-square-foot house with 5 bedrooms, 7 bathrooms, a pool and, of course, a boat dock to park his beloved Bull.
  • Oceanfront mansion:  A $3 million New York vacation home in Montauk that was listed as one of the properties posted to secure his $10 million bond. 
(Read more apartment stories.)

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