Martha Stewart Net Worth $350 million
Martha Stewart salary $50,000,000
Martha Stewart Net Worth: How rich is Martha Stewart? & How much money is Martha Stewart worth? Time to find out!
Born in Jersey City, New Jersey, as the second of six children, to her parents Edward Kostyra and Martha Ruszkowski Kostyra, middle-class people.
She used to organize birthday parties for her four brothers, as well as babysit them.
Martha also used to babysit for other people, including for the children of Mickey Mantle and Gil McDougald, all players for the New York Yankees.
Among her babysitting services, she also started modeling. At 15, Unilever featured her in a television commercial.
From there she went to start in several television commercials and magazines, including one of cigarette advertisements.
To pay for her college tuition, she used to work as model for $50/hour. While working for Chanel, she met Andrew Stewart, who finished his law degree at Yale Law School. The couple married in 1961.
Growing up, her mother taught her how to cook and sew and later she even learned the processes of canning and preserving.
She inherited the passion for gardening from his father. During her time in school, she became involved in many extracurricular activities.
Martha attended and graduated from Nutley High School, as well as Bernard College. She originally planned to major in chemistry, but switched to art, European History and later architectural history.
A year after the marriage, she returned to Barnard to graduate with a double major in History and Architectural History.
She used to work as a stockbroker, her father-in-law’s profession. During that time, her husband founded a publishing house and worked as CEO of several others.
The two decided to move to Connecticut. There they bought and restored an 1805 farmhouse in Turkey Hill Road. The place later became the model for her TV studio of Martha Stewart Living.
A few years later she started a catering business in her basement with a friend of her.
The venture quickly became successful, but ended after her friend started taking catering jobs on the side.
During that time, she became the manager of a gourmet food store, the Market Basket.
Having known Alan Mirken through her husband’s business, he contacted her to create a cookbook, with recipes and photos from the parties hosted by her.
The result, Entertaining, ghostwritten by Elizabeth Hawes, became an instant hit.
After the success of her first book, she continued to release others.
Between writing books, she also authored several newspaper columns, magazine articles, and other pieces of homemaking.
She and her husband separated in 1987 and divorced in 1990.
Her success continued to grow and she became known worldwide thanks to the various television appearances she did.
Then in 1997, with the help of her business partner Sharon Patrick, she secured funding to buy the various televisions, print and merchandising ventures related to her name. She gathered all together into a new company, Martha Stewart Living Omnimedia.
For the company she served as chairman, president and CEO, and Patrick as the Chief Operation Officer.
She announced the launch of a companion website and a catalogue business, called Martha by Mail.
By organizing all of her brand’s assets under one name, her net worth changed from millionaire to billionaire.
In 2004, the jury found her guilty of felony charges of conspiracy, obstruction of an agency proceeding and making false statements to federal investigators. She served five months in a federal correctional facility.
Stewart also paid a fine of $30,000.