How rich is Martha Stewart?

Name: Martha Helen Kostyra

Born: August 3, 1941

Occupation: Television personality, entrepreneur and author

Martha Stewart, fair use

Martha Stewart, fair use

Martha Stewart was born in Jersey City, New Jersey on August 3, 1941. She is the daughter of Martha Ruszkowski Kostyra and Edward Kostrya. Martha has five siblings: Eric, George, Kathryn, Frank and Laura.

Martha went to Nutley High School and then attended Barnard College to study chemistry, art, European history and architectural history.

She has maintained an extensive dating history. Martha was first married to Andrew Stewart, a student at Yale Law School, in 1961, but they divorced in 1990. They had one child, Alexis. Martha has since dated Anthony Hopkins, Carl Bernstein and Charles Simonyi. She presently resides in Katonah, New York.

Her first job was working as a babysitter at the age of 10 for the children of Yogi Berra, Mickey Mantle and Gil McDougald. At 15, she modeled in magazines and appeared in television commercials – some of her clients included Chanel, Tareyton and Unilever. Earning $50 an hour, this money helped pay for her college tuition.

Instead of continuing her modeling career, she delved into stock trading, following in her father-in-law’s footsteps. She soon transitioned into food, launching a catering business in her basement, which was complemented by being hired as a manager for a gourmet food store. Her success in food helped her get a cookbook deal with Crown Publishing Group – “Entertaining” turned out to be a success.

Martha was requested to publish several more cookbooks, including “Martha Stewart’s Quick Cook,” “Martha Stewart’s Pies & Tarts” and “Weddings.” She also published dozens of articles in newspapers and magazines. She eventually went into television, appearing on many programs, like “Larry King Live,” “The Oprah Winfrey Show,” “The Today Show” and others.

She decided to go into business herself, establishing a new magazine called “Martha Stewart Living” and a business empire named Martha Stewart Living Omnimedia, which went public on the New York Stock Exchange. This helped her become a billionaire, but her success was short lived because she was convicted of insider trading and served one year in prison.

Upon her release, Martha went right back to work, authoring new books, hosting television shows and continued expanding Martha Stewart Living Omnimedia.

Outside of business, Martha is an animal rights activist, opposing the killing of fur-bearing animals. She filmed a video for PETA and a public service announcement (PSA) for Farm Sanctuary.

We estimate that Martha Stewart’s net worth is $1 billion (2017).

So how much is $1 billion really?

$1 billion can pay for the university tuition of tens of thousands of students. $1 billion can also launch your own cooking channel on YouTube.

 

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