Martha Stewart has succeeded in doing what seems impossible to most people. She has packed a dozen different lives into a single life and lived each one to the fullest. Over the past six decades, she has evolved from a model to a stockbroker who publishes cookbooks, sells all kinds of retail goods, and hosts several daytime television shows, including a cooking show starring hip-hop icon Snoop Dogg. Martha Stewart’s net worth is irrefutable proof of the life and empire she has built from the ground up.
Even after a scandal shook her world and threatened everything she had fought for, Martha Stewart did not stay on the ground for long. She came back, reinvented herself, and continued to fight to achieve her goals and achieve even greater success. Today she has 87 books, three daily Emmy awards, booming business ventures and other accomplishments too numerous to list. Martha is considered one of the most powerful women in the world of business and broadcasting. Despite the increase and decrease in her finances over the years, Martha Stewart’s net worth remains high. Here you will find everything you need to know about the business tycoon’s net worth and how she earns and spends her money.
What Is Martha Stewart’s Net Worth?
Talent, creativity and business savings are just some of the things Martha has in abundance. She has found a way to use her personal style and love of cooking, design and home decoration to create an empire that is still strong today. She has continually redesigned her brand to meet the changing market tastes and opinions of the times. Its reach extends to a wide range of products, from meal sets, cookware, handicrafts, bedding and fashion to a variety of household products. In 2019, Martha Stewart’s net worth is estimated at approximately $640 million.
It is worth noting that she is the first female self-made millionaire in America because her net worth exceeded the billion-dollar mark on paper in 1999 after her company Martha Stewart Living Omnimedia went public.
How Did Martha Stewart Make Her Money?
It took time to build Martha Stewart’s net worth. She wasn’t born with a silver spoon. For many years she was a working-class citizen trying to find her own way in the world. At the age of 10, she started to earn some money by working as a babysitter. When she got older, she switched to modeling, which turned out to be a lucrative venture due to her good looks and the kind of clients she could book.
After college, Martha went into stock trading, where she earned fat six-figure salaries, but she soon stopped to follow her passion. She started her own catering company, which operated out of her basement and eventually grew into a million-dollar business. She then moved into the publishing industry, where she quickly became a household name thanks to the success of her cookbooks and lifestyle books. She also made money writing columns and articles for other media publications and selling her own magazine, Martha Stewart Living.
Still hungry for more success, Martha launched numerous product lines that were sold in stores across America. She found work on television as an anchor for a news show, which, as we all know, is one of the highest-paid jobs you can get. All her business ventures and professional efforts have contributed, in varying degrees, to Martha Stewart’s immense fortune.
How She Spends Her Money
Martha Stewart is an ultimate fashionista. She loves to look classy and stylish, which means she pumps a lot of money into her wardrobe. She also loves buying and renovating homes to see what creative direction she can take to improve the overall look of the property. Her love of home design can be seen in Turkey Hill, the charming farmhouse built in 1805, which she and her then-husband bought in the 1970s and redesigned with her characteristic style. She sold the house for 6.7 million dollars.
Although the retail guru owns numerous properties scattered around the world, some of her most famous homes include a majestic East Hampton house built in 1914, slightly off the coast; Cantitoe Corners, an impressive 1784 property that includes a farmhouse, cottage, winter house and two other homes; and Skylands, a 63-acre estate in Seal Harbor, Maine, where Martha takes refuge during the hot summer months.
In addition, Martha spends her money on custom and vintage cars, fabulous vacations in the most dreamy parts of the world.