Steve Madden (born 1958) is an American fashion designer and businessman. He is most well known as the founder and former CEO of Steve Madden, Ltd., a publicly traded company. Madden was born in Far Rockaway, Queens, the son of a Jewish mother and an Irish Catholic father. He grew up in adjoining Lawrence and graduated from the local high school in Nassau County, New York. After high school, Madden studied at the University of Miami for two years before returning to Long Island. The youngest of three brothers, he started the company with $1,100 in 1990 by selling shoes out of the trunk of his car.
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What Topmago Knows About Steve Madden
Post-release
Since Madden was released from prison in 2005, the company quickly rebounded, increasing revenue by nearly $100 million in 2006 to $475.1 million. That same year, Steven Madden, Ltd. was named 'Company of the Year' for the second time at the Footwear News Achievement Awards.
With Madden currently serving as the founder and design chief, the company continues to show growth year-over-year reporting $1.65 billion in revenue for FY2018.
Madden contributed to The Doe Fund, a charity devoted to working on the causes of homelessness, addiction, and criminal recidivism.
In popular culture
Steve Madden (played by Jake Hoffman) is featured in the Martin Scorsese film The Wolf of Wall Street, which is based on the Jordan Belfort memoir of the same name. In the movie, Madden is seen visiting Stratton Oakmont, where Belfort gives the brokers a rousing pep talk about pushing Madden's stock. After viewing the film, Madden criticized the portrayal of him as "too nerdy."
Personal life
Madden admits to having abused alcohol and various drugs, and later attended court-ordered rehab.
Madden married Wendy Ballew, his former director of operations, in 2005 after he was released from prison. The couple have three children, twins Jack and Stevie Madden, and Goldie Ryan Madden. The couple divorced in 2015.
Awards and honors
Footwear News Person of the Year Award (December 2011)
NASDAQ Honors Steve Madden & 20 Year Anniversary (June 2010)
Two Ten Foundation Honors Steve Madden (June 2010)
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