- Full Name: Martha Helen Kostyra
- Born: August 3, 1941
- Place of Birth: Jersey City, New Jersey
- Occupation: Businesswoman
- Marital Status: Divorced
Martha Stewart Net Worth History
Martha Stewart is a self made businesswoman who used her natural flair and talent for crafts, fashions and domestic life to build a business once worth well over $1bn. Her income has historically been very diversified, ranging from her own appearances on radio and television, her highly successful writing of instructional and cookery books, to wise capital investment in up and coming companies based around home-wares. The insider trading scandal of the early 21st century hit her reputation and income very hard, yet over the following years she has gradually rebuilt her assets and is now worth comfortably over $600m.
About Martha Stewart
Stewart was seemingly born to become wealthy. She learned domestic crafts from her grandmother at a very young age that she credits as being essential for her later success as an adult, and was born with the good looks to earn her very well paid modelling work in her early life. This capital was used to fund the very beginning of her business empire in a basement space that within a couple of years had become a highly profitable venture.
The heyday for Stewart was certainly throughout the mid ’80’s until the turn of millennium. Releasing the first of many books in 1983 she diversified and extended the reach of her business skillfully, using TV shows especially well to sell the image of her personal brand of products. Often coming over as a warm and homely middle class lady happy to share her wealth of popular recipes with the nation, Stewart was a determined businesswoman who had a knack of just being able to get it right. Her magazine, Martha Stewart Living, was launched with a projected 1/4m circulation – yet within a couple of years it had hit 2m copies a month.
However Stewart made what seemed to be the first mistake of her career when becoming convicted for insider trading over a figure below $50k, a comparatively minuscule sum to a woman worth at the time comfortably hundreds of millions of dollars. A short period of imprisonment and a fine was comparatively light punishment, but such a public falling of grace wreaked havoc with her businesses and caused the share price to collapse.
Yet Martha Stewart proved she wasn’t the kind of person to just take the money and run – it would have been easy for her to sell her assets and retire in luxury until the end of her days. Instead upon her release she made a huge – and genuinely brave – comeback effort, producing more books, hosting more shows, and using her edge of notoriety to make appearances at events that might have been unthinkable before. Yet the comeback took longer than it might have despite all of the effort involved. The parent company rarely made an operating profit for the best part of the decade, and remained propped up thanks to the significant resources of existing assets.
There’s little sign that Stewart has any intention of slowing down. With her companies stable and having survived the economic troubles of recent years (where such brands might be expected to struggle) she looks set to continue being a household name for the foreseeable future.