Harry M. Markopolos was born on the 22nd October 1956, in Erie, Pennsylvania, USA, and is a retired security executive as well as an independent forensic accountant and financial fraud investigator, who is renowned for discovering and cracking Bernard Madoff’s Ponzi scheme worth almost $65 billion. He is also an author, best known for publishing “No One Would Listen: A True Financial Thriller” which hit the bookshelves in 2010.
Have you ever wondered how much wealth this financial expert has accumulated so far? How rich Harry Markopolos is? According to sources, it is estimated that the total of Harry Markopolos’ net worth, as of mid-2017, revolves around the sum of $2 million, acquired largely through his career in the financial business which has been active since 1987.
Harry Markopolos Net Worth $2 million
Harry was born into a family of restaurateurs, the eldest of three children of Louis and Georgia Markopolos, and apart from American is also of Greek ancestry. He went to Cathedral Preparatory School in his hometown before he enrolled at Loyola University of Maryland from which he graduated in 1981 with a Bachelor of Arts degree in business administration. In 1997, Harry earned his Boston College’s Master of Science degree, majoring in finance. Apart from these, he also attended various US Army postgraduate schools and earned his reserve commission as a second lieutenant. During his 17-year long part time service in US Army Reserve and Maryland Army National Guard, Markopolos earned the rank of major.
Harry Markopolos began his career in 1987, when he began serving as a broker on Wall Street. However, in 1988 he joined Darien Capital Management where he served as an assistant portfolio manager. In 1991, he transferred to Boston, Massachusetts where he became a portfolio manager of Rampart Investment Management. In 1996, he obtained the Chartered Financial Analyst appointment while in 2002 Harry climbed to the position of the company’s chief investment officer. Two years later, he abandoned Rampart in order to completely focus on fraud investigations of Fortune 500 companies. All these engagements provided the basis for Harry Markopolos’ net worth.
Harry got his hands on Bernard Madoff’s revenues stream in 1999 for the first time, and immediately noticed several “red flags” in it. In 2000, he filed a complaint to the US Securities and Exchange Commission (SEC) but it did not bear any fruit, so he spent the next eight years investigating the Madoff case and compiling mathematical evidence as well as revealing illegal operations. After several more formal complaints to SEC, in 2008 Markopolos finally proved that Bernard Madoff and his Bernard L. Madoff Investment Securities, LLC. were running the biggest Ponzi scheme in the world of modern finance, whose total worth is estimated at $64.8 billion! In March 2008, Madoff pleaded guilty and was sentenced to a 150-year-long imprisonment. It is certain that the whole “Madoff case” earned Harry Markopolos a huge amount of popularity which impacted his net worth as well.
In 2008, Markopolos was appointed as the Certified Fraud Examiner and ever since he has been serving as an independent fraud investigator. In 2010 he released a book about Madoff’s fraud, entitled ” No One Would Listen: A True Financial Thriller”. Apart from all those already mentioned above, Harry also served as the CEO of Boston Security Analysts Society as well as a board member of Global Association of Risk Professionals and the Quantitative Work Alliance for Applied Finance, Education and Wisdom (QWAFAFEW). Doubtlessly, all these achievements have helped Harry Markopolos to further increase the size of his wealth.
When it comes to his personal life, Harry has been married to Faith with whom he has welcomed three children, all sons. With his family, Markopolos resides in Whitman, Massachusetts.
