Steve Madden’s Net Worth and Most Popular Shoes

What began as a modest one thousand dollar investment in 1990 has developed into one of the most iconic footwear brands in the world.

Steven Madden is an American fashion designer and businessman with a net worth of $300 million (Credit: Derrick Salters / WENN)

From a factory in Queens, New York City, Steve Madden has revolutionized the shoe industry with his eponymous shoe label, merging years of experience with unique and creative designs.

Is Steve Madden a billionaire?

No, he’s not believed to be a billionaire. According to Barron’s, an American weekly magazine/newspaper, in June 2020 he increased his ownership in his eponymous shoe label to a 7.3% stake, making him the third-largest company shareholder.

“My purchase of our stock was a no-brainer. It is an unbelievable value at this price. We face challenges due to the pandemic, but I have the utmost confidence in our brands and business model. It was an opportunity I could not pass up,” he said in a statement.

Steve Madden is believed to have a net worth of $300 million.

In October 2020, he encouraged his fans to vote in the 2020 United States presidential election.

Is Madden Girl the same as Steve Madden?

No, Madden Girl is aimed at younger women and is a separate line from Steve Madden.

In 2002, the American fashion designer and businessman was convicted of stock manipulation, money, and securities fraud.

He was sentenced to 31 months in prison and was forced to resign as CEO from Steven Madden.

However, he continued working as a creative consultant with Steven Madden and earned an annual salary of $700,000 when he was in prison.

Other brands owned by Steve Madden include Steven by Steve Madden, Madden Girl, Freebird by Steven, Stevies, Betsey Johnson, Betseyville, Report Signature, Report, Big Buddha, Wild Pair, Cejon, and Mad Love.

Some of Our Favorite Steve Madden Shoes