He married businesswoman Lisa Gottsegen in October 1980; they have four children: Jacob Edward (born March 20, 1981), Rebecca Lillian (b. March 17, 1983), Maxwell Geoffrey (born August 30, 1984), and Alexandra Lydia "Ali" (born October 27, 1987). Hoffman has two grandchildren. In an interview, he said that all of his children from his second marriage had bar or bat mitzvahs and that he is a more observant Jew now than when he was younger. He has also lamented that he is not fluent in Hebrew.