Joy Mangano Net Worth (Money & Salary)

What Is Joy Mangano’s Net Worth?

With a net worth of $70 million, Joy Mangano is a renowned American entrepreneur and inventor. She accumulated her wealth through the creation of several highly successful household items, such as the Miracle Mop and Huggable Hangers. Currently, she occupies the position of President at Ingenious Designs and frequently appears on the Home Shopping Network (HSN). In 2015, a biographical film titled “Joy,” featuring Jennifer Lawrence as Mangano, highlighted her life.

Early Life

Born on February 1, 1956, in East Meadow, New York, Joy Mangano is the daughter of Italian-American parents. Her passion for invention blossomed during her teenage years. While working at an animal hospital in Huntington, Long Island, she conceived an idea for a fluorescent flea collar to safeguard pets. She received her degree in business administration from Pace University in 1978.

Miracle Mop Invention

To support her three children, Joy worked various jobs, including waiting tables and managing airline reservations. In 1990, she invented the Miracle Mop—a self-wringing plastic mop featuring a head crafted from a continuous 300-foot loop of cotton, allowing for easy wringing without wetting the user’s hands. She utilized her savings along with funds from family and friends to create a prototype and produce 1,000 units. After initially selling the mop in Long Island, she introduced it on the shopping channel QVC, where she sold 18,000 units in just 20 minutes. Subsequently, she established her company, Arma Products (which was later rebranded as Ingenious Designs). In 1999, she sold the business to USA Networks, the parent company of HSN. Even a decade post-launch, the Miracle Mop was generating $10 million in sales annually.

Other Inventions

Mangano later created Huggable Hangers, intended to maximize closet space. These velvet no-slip hangers became the top-selling product in HSN’s history, with over 300 million units sold, further boosted by Oprah Winfrey’s endorsement.

Following this success, she introduced Forever Fragrant, a series of home odor neutralizers that included incense sticks, wickless candles, scent stands, and drawer liners. On January 31, 2010, she set a record on HSN by selling more than 180,000 Forever Fragrant units in a single day. This line of products earned her the “Good Housekeeping” Seal of Approval. Mangano then developed the Clothes It All Luggage System, which features wheeled luggage with organizational components such as a padded laptop compartment, toiletry organizers, and detachable designers. These bags range from small duffels to portable dressers and pet carriers. In May 2010, she launched a shoe line with a rubber platform heel, which allowed wearers to gain additional height. The Performance Platforms, originally designed as sneakers, expanded into mules, sandals, and Mary Janes, produced by Stride Rite.

Next, Mangano introduced Comfort & Joy Textiles—bedding made from Supima cotton and an alternative down filling. This bedding includes a reversible duvet cover with sheets that attach to the bed skirt for effortless cleaning. Her seventh creation, Shades Readers, a collection of reading glasses sold in sets for convenience around the home and office, has sold over 13 million pairs. Additionally, she collaborated with chef Todd English on GreenPan Cookware, a ceramic non-stick cookware line free from PFOA in its manufacturing process. This cookware sold 24,000 pieces on HSN within just four hours on July 26, 2007.

A familiar face on Home Shopping Network, Mangano has developed partnerships with numerous celebrities, including tennis star Serena Williams, to promote her products on HSN. She has achieved the title of the network’s most successful inventor, boasting annual sales exceeding $150 million, with her hourly revenues often surpassing one million dollars. After two decades, she departed from HSN to explore new opportunities. Alongside her TV appearances, Mangano was a judge on the reality series “Made in the USA” in 2005 and a guest on “The View” in February 2007.

For her inventive prowess, Joy has been honored with a multitude of awards, including the title of Long Island Entrepreneur of the Year by Ernst & Young. “Fast Company” ranked her #77 on their list of The 100 Most Creative People in Business in 2009, and she made their list of The 10 Most Creative Women in Business in 2010. Additionally, she owns a restaurant called Porto Vivo in New York and published her autobiography, “Inventing Joy,” on November 7, 2017.

Pop Culture

The 2015 film “Joy,” directed by David O. Russell and starring Jennifer Lawrence, draws inspiration from Mangano’s life. Lawrence garnered an Oscar nomination for Best Actress for her role and also won a Golden Globe in the same category. Moreover, the film received a Golden Globe nomination for Best Motion Picture Musical or Comedy. Reports from 2018 indicated that a production showcasing Joy’s life story is in development by Ken Davenport, a Tony-winning producer who has acquired the musical rights to adapt it for the stage.

Personal Life

Mangano wed Tony Miranne, whom she met while both attended Pace University, in 1978. They share three children: Christie, Robert, and Jacqueline Marianne. They divorced in 1989. Joy currently resides in St. James, New York.