Steve Madden credits stint in prison for reviving his career

Steve Madden

Steve Madden is thankful for his stint in prison as he believes it revived his career.

In April 2002, the shoe designer was sentenced to 41 months in prison for cheating investors in a stock fraud scheme headed by Jordan Belfort, with the story included as part of Martin Scorsese's 2014 film, The Wolf of Wall Street.

Madden was released in 2005 after serving 31 months, and in a new interview with Footwear News, explained that his jail time has benefitted his career.

"When I got out of prison, it was a moment with a lot of energy and a whole lot of grit. It took the company to another level," the 61-year-old stated. "Bet you don't hear that a lot, right?"

And Madden, who was inducted into the Footwear News Hall of Fame at the recent 2019 FN Achievement Awards, is looking forward to celebrating the 30th anniversary of his namesake brand next year.

"It's great now. I'm having a lot of fun," he insisted. "I'm having more fun now, actually. I feel physically, mentally and spiritually in the best shape of my life. It's the best I've ever felt."

Madden began his shoe label back in 1990, and in the chat, acknowledged how lucky he was that his business took off so quickly.

"Yes, I was hard-working and talented, but I was a lucky guy. And it may not have been enough if I didn't have luck," he confessed.

© Cover Media