At the time of his death in April 2021, Bernie Madoff was estimated to have a net worth of negative value, as he had been convicted of one of the largest financial frauds in history and his assets had been seized by the government to compensate his victims. Madoff’s personal assets, including his homes, cars, boats, and other luxury items, were auctioned off by the U.S. Marshals Service, and the proceeds were distributed to his victims as part of a court-approved compensation plan. Madoff himself was serving a 150-year prison sentence at the time of his death and had no access to any remaining assets. Overall, the Madoff scandal is estimated to have caused tens of billions of dollars in losses to investors.