Martha Stewart Net Worth
Martha Stewart has an estimated net worth of $400 Million. She is an American media businesswoman best known for her lifestyle brand consisting of cookbooks, cookware, television shows and more. She earned the majority of her income from businesses.
Martha Stewart rose to fame as the author of cooking, entertaining, and decorating books. As CEO of Martha Stewart Living Omnimedia, she expanded her brand to include a magazine and a television show. Stewart resigned from her position in 2002 after being charged with insider trading and sentenced to five months in prison.
To calculate the net worth of Martha Stewart, subtract all her liabilities from her total assets. Investments, savings, cash deposits, and any equity she has in a house, car, or other similar asset are included in the total assets. All debts, such as loans and personal debt, are included in total liabilities.
Here’s the breakdown of her net worth:
|Net Worth:||$400 Million|
|Monthly Salary:||$1 Million+|
|Annual Income:||$20 Million+|
|Source of Wealth:||Author, Publisher, Business magnate, Television producer, Presenter, Actor, Stockbroker|
Early Life and Education
Stewart was born Martha Kostyra in New Jersey on August 3, 1941. Stewart grew up in Nutley, New Jersey, a working-class neighborhood near New York City, as the second of six children. She began modeling at the age of 13, appearing in fashion shows, television commercials, and print advertisements.
Stewart studied European and architectural history at Barnard College in Manhattan, where she graduated in 1962. She met Andy Stewart, a Yale law student, while at Barnard, and the two married in 1961. Stewart went to work as a stockbroker for the boutique firm of Monness, Williams, and Sidel six years later, after the birth of their daughter, Alexis. She worked on Wall Street until her family relocated to Westport, Connecticut, in 1972.
Growing Her Lifestyle Brand
Stewart decided to focus her energy on gourmet cooking after restoring the 19th-century farmhouse she had purchased, having trained herself by reading Julia Child’s Mastering the Art of French Cooking. In the late 1970s, she started a catering business and quickly became known for her gourmet menus and unique, creative presentation. Martha Stewart, Inc. had grown into a $1 million business serving corporate and celebrity clients within a decade.
Stewart entered the publishing world with her first book, Entertaining, which became a best-seller and was quickly followed by titles such as Martha Stewart’s Quick Cook Menus, Martha Stewart’s Hors d’Oeuvres, Martha Stewart’s Christmas, and Martha Stewart’s Wedding Planner. Her newfound celebrity had an impact on her personal life, as her marriage to Andy ended in divorce in 1990, following a three-year separation.
With the publication of her magazine, Martha Stewart Living, in 1991, Martha Stewart, Inc. became Martha Stewart Living Omnimedia, Inc. Stewart’s lifestyle empire quickly expanded to include two magazines, a checkout-size recipe publication, a popular cable television show, a syndicated newspaper column, a series of how-to books, a radio show, an Internet site, and an annual retail sales of $763 million.
On October 19, 1999, America’s most famous housewife returned to Wall Street to oversee her company’s IPO on the New York Stock Exchange. By the end of the day, the value of each of Martha Stewart Living Omnimedia, Inc.’s 72 million shares had increased by more than 95 percent, raising nearly $130 million. Stewart owns 96 percent of her company’s voting stock and is worth $1.2 billion.
Insider Trading Scandal
Stewart made financial headlines once more in June 2002, this time for rumors of insider trading. Stewart was being investigated for selling hundreds of shares of ImClone Systems just before the FDA refused to approve the company’s new cancer drug. Following the FDA’s announcement, the stock’s value plummeted dramatically. Stewart resigned from the New York Stock Exchange’s board of directors in October, just four months after joining, due to the investigation.
Stewart was charged with securities fraud, obstruction of justice, conspiracy, and making false statements to prosecutors and the FBI in a 41-page indictment issued in June 2003. She pleaded not guilty to all charges and resigned as chair and CEO of her Omnimedia empire. A judge dismissed the securities fraud charge in February 2004, but a jury found her guilty of conspiracy, obstruction of justice, and two counts of making false statements. That July, Stewart was sentenced to five months in prison and fined $30,000. In October 2004, she began serving her sentence at a minimum-security prison in Alderson, West Virginia.
Stewart was released from prison on March 4, 2005, just days after NBC announced she would host two new shows: a daytime talk and how-to show and a spin-off of Mark Burnett and Donald Trump’s reality show The Apprentice. Stewart completed her sentence by serving five months of house arrest at her Bedford, New York, home.
While Stewart’s version of The Apprentice was a flop, her self-titled syndicated daytime show has been on the air since 2005. Martha Stewart Living Omnimedia, the company she founded, expanded in new directions. Several non-Stewart publications were added, including Everyday Food and Body + Soul.
Stewart remains a television fixture, serving as a judge on Chopped, Bakeaway Camp, and other shows.
Stewart’s syndicated show was moved to the Hallmark Channel in 2010, but it failed to attract a large enough audience to sustain the costly-to-produce show. Due to low ratings, Hallmark canceled the show in 2012. Stewart debuted a new PBS series called Martha Stewart’s Cooking School that fall.
Stewart found herself back in a courtroom in 2013. Her company was involved in a contract dispute with the department store chain Macy’s. Stewart and J.C. Penney were sued by Macy’s over Stewart’s plan to open Martha Stewart brand boutiques inside Penney’s stores. The matter was eventually resolved.
Favorite Martha Stewart Quotes
If you learn something new every day, you can teach something new every day.
Drones can be useful tools, and I am all about useful tools. One of my mottos is ‘the right tool for the right job.’
I invented ‘It’s a good thing’ before you were even born.
So the pie isn’t perfect? Cut it into wedges. Stay in control, and never panic.
Without an open-minded mind, you can never be a great success.
It is hard to imagine Andre Le Notre laying out the exquisite landscape designs for Vaux-le-Vicomte, and later the magnificent Chateau de Versailles, with no high hill to stand on, no helicopter to fly in, and no drone to show him the complexities of the terrain. Yet he did, and with extreme precision, accuracy, and high style.
I’m very inspired by nature – you could say Mother Nature. I look at things around me and get all kinds of inspiration daily.
My new motto is: When you’re through changing, you’re through.
I admire the courage and self-reliance it takes to start your own business and make it succeed.
The more you adapt, the more interesting you are.
I am often asked the question: ‘What is your favorite type of food?’ Although I always answer Japanese, the real response should be and is pierogi, the delectable Polish dumplings that my mother, Big Martha, made so well in many incarnations: potato, sweet cabbage, blueberry, peach, plum, and apricot.
View our larger collection of the best Martha Stewart quotes.
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How To Become Rich Like Martha Stewart?
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