Martha Stewart: Everything about Her Net Worth, Andrew Stewart, Alexis Stewart and Career

  • AUTHOR: midhat
  • POSTED ON: February 22, 2021

Gone are the days when men were the only gender dominating
the world of business and basically running the world. Now, women are independently
achieving all kinds of social and economic milestones, establishing and running
businesses that have become household names in a variety of industries
including beauty, technology, publishing, fashion and broadcasting. Fenty Beauty
by Rihanna and Kylie Cosmetics by Kylie Jenner are just some of the examples of
large scale businesses owned and run by women.

Martha Helen Stewart is one of those women who made a
profound impact on the business world! From modelling in her younger days to operating
a catering business in her basement,
here’s everything you need to know about Martha Stewart,
including her net worth, personal life, and career:

Martha Helen
Stewart’s Net worth:

Martha Stewart is an American retail businesswoman, writer,
and a television personality. With her various business conglomerate such as
TV, magazines, and home products, Martha Stewart has earned a net worth of $400
million, and soon she will be standing with a new worth at $638 million.

life and childhood

Image result for martha stewart modeling


Her luxurious living style and glamorous personification may
lead some to believe that she was raised in the same luxuries as shown in her
magazines and books. But, in fact, she was born in Jersey City, New Jersey – a
place known more for large industries than homely charm.

Her father was a pharmaceuticals salesman, Edward Kostyra, while
her mother was a local school teacher. When Martha turned three, her family
moved to Nutley, New Jersey where she— along with her five siblings— grew up in
a tight-knit Polish-American family. Her father taught her gardening skills
when she was only three; her mother taught her basic household skills, such as
cooking and sewing. She used to make pies and cakes for her neighbors by the
time she hit her teens. 

At 10, Martha served as an occasional babysitter for the
children of popular players of New York Yankees, including Mickey Mantle, Yogi
Berra and Gil McDougald, where she observed and learned to organize birthday
parties. At the same age, she started getting small gigs for modelling. At 15,
Stewart starred in a television commercial for Unilever. From there on, she
featured in several television commercials and in magazines such as Tareyton’s
“Smokers would rather fight than switch” cigarette advertisements.

All in all, Martha Stewart was a hard-working, dedicated,
and serious child. It would be unfair to not consider her the quintessential
beauty with brains. Apart from fashion and modeling, she secured a partial
scholarship to Barnard College in New York and continued working as a model to
pay her expenses. She enrolled in college with the intention to study
chemistry, but later she switched to arts, majoring in Architectural and
European history. When she was in her sophomore year, she married a law student
named Andrew Stewart.

After graduation, she continued her career as a successful,
with noteworthy features in print and television for Clairol, Chanel, Lifebuoy
soap, Breck and Tareyton until the birth of her daughter, Alexis “Lexie”
Stewart in 1965.

In 1967, she started working as stockbroker, inspired from
her father-in-law. But she left the brokerage when a recession hit Wall Street
in 1973. Andrew and Martha moved to Westport, Connecticut, where they purchased
a century-old farmhouse and transformed it into Martha Stewart’s television

She ran
a catering business from the basement of her house

Image result for martha stewart

Source: Variety

In 1976, she stepped into the catering business, which she
ran from the basement of her house. She gained extra entrepreneurial
experiences while managing the Market Basket, a gourmet food store located in
Westport, which became successful under her management. Meanwhile, her basement
catering business also flourished and evolved into a whopping $1 million

As if catering and modelling weren’t enough, she published
her first book in 1982 under the title “Martha Stewart’s Entertaining.” Co-written
with Elizabeth Hawes, the book became the bestselling cook book almost
instantly after the release.

Following its success, Martha went on writing books about
household life such as weddings, Christmas, gardening and renovating old
houses. In addition to her literary achievements, Stewart got appointed as a
columnist and editor for the magazine House
and Family Circle.
While her professional career flourished, her personal life started falling
apart and, in 1989, Martha decided to part ways with her husband.

Stewart as a television personality

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In 1990, Martha founded her own magazine called “Martha
Stewart Living,” where she served as a sub-editor. The publication became so
popular that it led her to appearing on the Oprah Winfrey and Larry King
television programs. Later, she got her weekly spot on the CBS Early Show along
with special appearances on holiday programs on the network. 

Her popular television program “Martha Stewart Living” was
debuted in 1993, with a run-time of half an hour weekly. However, the program
eventually extended to a daily hour-long show to cater its growing audience.

Home Journal
Martha as the third most powerful woman in America

Image result for martha stewart

Martha Stewart became a household name because of her TV
appearances and publications. In 2011, Ladies Home Journal ranked Martha as the
third most influential woman in America.

Stock trading
case and conviction

Image result for martha stewart

In 2002, she became a member of the board of directors of
the New York Stock Exchange. After serving for only four months, she resigned
from her post following the accusation of violating insider trading policies. These
accusations led to a months-long investigation by the Justice Department. During
the investigation, her magazine’s stock dropped drastically and her TV program
got cancelled, as her company’s losses continued to rise.

After months of trial, the jury found her guilty of
misleading federal investigators and obstructing an investigation. The court
sentenced her to four-month imprisonment and a fine of $30,000.

After her conviction, Martha Stewart did not let the unfortunate
incident steal her shine. She immediately got things moving with her rebuilding
strategies, starting with a new daily TV program called “The Martha Stewart
Show.” She published new books including The
Martha Stewart Baking Handbook
and Home
keeping Handbook

She continued making regular appearance on The Today Show,
while her own program got nominated for Emmy Awards six times. The most
important takeaway from her life is that there’s always a way around your
troubles and obstacles. The light at the end of the tunnel may appear thin, but
you still need to consider it a silver lining that can pull you out.

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Updated February 22, 2021
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