Steve Madden is an American entrepreneur, the creator, and designer of the well-known Steven Madden Company, which provides fashionable footwear and accessories. Following an initial period of success, Steve became embroiled in controversy as a result of a civil court lawsuit filed against him. Following his release from prison, Steve returned to his company with fresh vigor, propelling it to unprecedented financial heights.
Maybe you’re familiar with Steve Madden. But do you know how old he is, how tall he is, and how much money he has in 2021? If you are unfamiliar with Steve Madden’s short biography-wiki, career, professional life, personal life, current net worth, age, height, weight, and other statistics, we have prepared this piece for you. So, if you’re ready, let’s get started.
Steve Madden’s Net Worth and Salary in 2021
As of August 2021, Steve Madden, the founder of the $2.6 billion corporation, is believed to have a net worth of $300 million. The majority of Steve’s fortune was amassed while serving as the company’s former chairman.
He is currently the company’s design leader, and the company was named one of Forbes’ fastest-growing companies in 2015. His company made $1.6 billion in net sales in 2017. The company’s net income increased by 7% to $129 million.
Steve Madden has realized his aim of owning a profitable shoe company. Despite early financial and legal difficulties, he maintained his passion for designing and selling shoes. Steve Madden is an inspiration for many young entrepreneurs since he is still going strong at an age when many others consider retiring.
Early Years of Steve Madden
Steve Madden was born in Queens, New York, in 1958. His father worked in the textile industry, while his mother was a stay-at-home mom. He was of mixed origin, with Irish American lineage on his father’s side and Jewish ancestry on his mother’s. He is the eldest of two brothers.
Steve attended Lawrence High School in Nassau County. He attended Miami University for two years after graduating from high school. Steve launched his own shoe firm, Steven Madden Ltd., in 1990, after working as a salesperson in various women’s shoe and apparel stores. Despite the company’s success, Steve became embroiled in a legal and financial dispute with the Securities Exchange Commission in 2000. He lost the case and was sentenced to prison for several months.
Age, height, and weight of Steve Madden
Steve Madden, who was born on January 1, 1958, is 63 years old today, August 14, 2021. He stands 1.69 meters tall and weighs 80 kilograms.
Professional Career
While still in school, Steve Madden began his career in the footwear industry. As a teenager, he worked in a shoe business in Toulouse. Following college, Steve worked in a women’s clothes business and for a boot wholesaler. He was drawn to the shoemaking industry. With the help of a friend, Steve founded his first shoe company. The business did not perform as intended, and it was forced to close.
In 1990, he founded Steven Madden Ltd., which he still runs today. His initial batch of sales consisted of only 500 pairs of women’s boots, which he developed himself and sold from his car to various businesses. Within three years, the company had a big following among younger women, and Steve decided to launch it on the NASDAQ stock exchange.
In 1997, the company made $59 million in revenue after expanding its product line to include jewelry and handbags. Steve was convicted of money laundering in 2000 and sentenced to 31 months in prison. He was forced to leave from his position at the company, and the company’s stock price fell. Following his release from prison, Steve became the company’s head designer and assisted it in regaining its former grandeur.
Achievements & Awards
Steve Madden has won the FN accomplishment award for The Company of the Year five times, the most recent of which was in 2017. The FN accomplishment awards, sometimes known as the Shoes Oscars, reward footwear designers, brands, and businesses.
Steve Madden was also named Person of the Year by Footwear News readers in 2011. Steve Madden was given the pleasure of presiding over the NASDAQ closing bell on the company’s 20th anniversary. He also won the Brand of the Year prize at the Annual American Images awards in the same year.
Quick facts of Steve Madden
Celebrated Name: | Steve Madden |
---|---|
Real Name/Full Name: | Steve Madden |
Gender: | Male |
Age: | 63 years old |
Birth Date: | 1 January 1958 |
Birth Place: | Far Rockaway, New York, United States |
Nationality: | American |
Height: | 1.69 m |
Weight: | 80 kg |
Sexual Orientation: | Straight |
Marital Status: | Divorced |
Wife/Spouse (Name): | Wendy Ballew (m. 2005–2015) |
Children: | Yes (Stevie Madden, Goldie Ryan Madden, Jack Madden) |
Dating/Girlfriend (Name): |
N/A |
Profession: | American fashion designer, businessman and convicted felon |
Net Worth in 2021: | $300 million |
Last Updated: | 2022 |
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