Bethenny Frankel Net Worth (Money & Salary)

Bethenny Frankel Net Worth (Money & Salary)

Bethenny Frankel Net Worth (Money & Salary)
October 9, 2024

What Is Bethenny Frankel’s Net Worth?

An American reality television personality and entrepreneur, Bethenny Frankel has a net worth of $80 million. She gained fame as an original cast member of “The Real Housewives of New York City” due to her candid personality and sharp wit, making her a fan favorite. However, Frankel is not just known for her television persona – she is also a savvy entrepreneur.

Frankel accumulated most of her wealth through the sale of her Skinnygirl cocktail company. Originally a line of low-calorie cocktails, the Skinnygirl brand expanded to include various products, such as snacks and apparel. The success of Skinnygirl led to its acquisition by Beam Global in 2011 for around $100 million, while Frankel retained rights to the Skinnygirl name for certain product categories.

In addition to reality TV, she has found success in home renovations, flipping, YouTube, self-help book authorship, and podcast hosting. Furthermore, she made a significant financial gain from an early investment in the celebrity greeting app, Cameo.

Cameo Investment

In 2019, Frankel joined Cameo under the condition of receiving equity in the company. Her involvement was instrumental in attracting other reality stars, especially “Housewives.” By 2021, as Cameo’s popularity surged amid the COVID pandemic, the company raised $100 million at a $1 billion valuation. Frankel eventually sold her shares in this funding round, earning a “seven-figure” payday from the sale.

Early Life

Born on November 4, 1970, in New York City, Bethenny Frankel grew up in a tumultuous environment with a father who left when she was young. Her childhood involved frequent relocations and school changes before attending boarding school and pursuing higher education. Frankel graduated from New York University with a degree in psychology and communications.

Career Beginnings

In 1992, Frankel moved to Los Angeles with aspirations of becoming an actress. She developed connections through small acting roles and jobs like being Paris Hilton’s nanny and a personal assistant to Jerry and Linda Bruckheimer. These connections helped her establish her first business, In Any Event, an event-planning company.

Reality Shows

In 2003, Frankel founded BethennyBakes, a business offering ‘healthy’ baked goods and meal delivery in New York City. The company was featured on “The Apprentice: Martha Stewart” in 2005, where she became a finalist. Although BethennyBakes closed in 2006, her appearance on the show marked the beginning of her reality TV career.

In 2008, Frankel was chosen to be part of the

In September 2010, citing personal reasons, she exited the reality show “The Real Housewives of New York City.” Returning in 2014 after a three-season absence, she once again departed in August 2019, expressing a desire to focus on her personal life.

Featured on the Bravo reality show “Bethenny Getting Married?” with her then-partner Jason Hoppy, the show documented their engagement, marriage, and the birth of their daughter. Bethenny later hosted her talk show, “The Bethenny Show,” which premiered on September 9, 2013. The show was short-lived and canceled on February 14, 2014. Subsequently, in 2021, her new show “The Big Shot with Bethenny” premiered. Additionally, she has made appearances on “Shark Tank,” “Bar Rescue,” and “Beat Bobby Flay.”

Bethenny Frankel Net Worth (Money & Salary)

Photo by Mike Coppola/Getty

Skinnygirl Earnings

As the founder and CEO of Skinnygirl Cocktails, Frankel amassed the majority of her net worth. The company released various books and DVDs, including titles like “Naturally Thin: Unleash Your SkinnyGirl and Free Yourself from a Lifetime of Dieting” (2009) and “A Place of Yes: 10 Rules for Getting Everything You Want Out of Life” (2011). Notably, she sold her line of alcoholic beverages to Fortune Brands’ Beam Global in 2011, initially reported for $120 million. However, the true value of the deal, as per Beam Global’s SEC filings, ranged from $39 million to $64 million, with additional incentives for Frankel tied to the brand’s future performance.

One setback occurred when Skinnygirl was removed from Whole Foods shelves due to controversy regarding preservatives, despite being advertised as preservative-free. Frankel also introduced Skinnygirl Market Fresh Deli, a line certified by the American Heart Association for its lower sodium and fat content.

bethenny frankel

Getty

Personal Life

Marriage details: Frankel’s first marriage was with entertainment executive Peter Sussman in 1996, and their divorce was finalized in 1997. Her second marriage to pharmaceutical sales executive Jason Hoppy was portrayed in the show “Bethenny Getting Married?”. They tied the knot in March 2010, separated in December 2012, and the divorce process started in January 2013. The custody agreement was reached by June 2014, and financial matters were settled in July 2016, with the couple officially divorcing in January 2021. Together, they share a daughter.

Engagement status: Bethenny was engaged to film producer Paul Bernon in 2021 but unfortunately they broke up in 2024.

Legal action: In 2022, Frankel filed a lawsuit against TikTok regarding alleged scam advertisements misusing her likeness.

Real Estate

Real estate portfolio: Bethenny has been involved in multiple real estate transactions in various locations such as New York City, Greenwich, Connecticut, and the Hamptons. Here are the significant purchases and sales:

1. NYC Loft: Acquired in 2011 for $4.995 million, she later sold it for $6.95 million in 2016 after renovations.

2. Mercer Street Condo: Purchased in 2014 for $4.2 million, sold for $3.65 million in 2020.

3. Hamptons Home: Bought in 2015 for $2.7 million and still owns it.

4. SoHo Condo: Purchased in 2017 for $4.2 million, listed for sale at nearly $7 million in December 2021.

5. Back Bay Home: Acquired in 2019 in Boston for personal reasons.

6. Greenwich Properties: Multiple acquisitions and sales between 2020 and 2021.

7. Latest Purchase: In October 2023, she bought a home in Southampton for $5.45 million.

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The data covers years 2023 and 2024, with forecast projections extending to 2025, 2026, 2027, and 2028.

 



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Post Title: Bethenny Frankel Net Worth (Money & Salary)
Last Updated: October 9, 2024

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