Martha Stewart (Entrepreneur) – Overview, Biography

Name:Martha Stewart
Occupation: Entrepreneur
Gender:Female
Height:177 cm (5′ 10”)
Birth Day: August 3,
1941
Age: 79
Birth Place: Jersey City,
United States
Zodiac Sign:Leo

Martha Stewart

Martha Stewart was born on August 3, 1941 in Jersey City, United States (79 years old). Martha Stewart is an Entrepreneur, zodiac sign: Leo. Nationality: United States. Approx. Net Worth: $400 Million. With the net worth of $400 Million, Martha Stewart is the #1532 richest person on earth all the time in our database.

Brief Info

Domestic diva and TV personality who built an empire of home-based products. She founded Martha Stewart Living Omnimedia. In 2016, she began hosting Martha & Snoop’s Potluck Dinner Party with Snoop Dogg.

Trivia

Her role in the ImClone insider trading affair led to imprisonment in 2004, but she managed to bounce back even after many pundits predicted the collapse of her empire.

Net Worth 2020

$400 Million
Find out more about Martha Stewart net worth here.

Physique

HeightWeightHair ColourEye ColourBlood TypeTattoo(s)
177 cm (5′ 10”) N/A N/A N/A N/A N/A

Before Fame

She babysat for such New York Yankees players as Mickey Mantle, Yogi Berra and Gil McDougald when she was 10.

Biography

Biography Timeline

1941

Martha Stewart was born in Jersey City, New Jersey, on August 3, 1941. She is the second of six children born to parents Edward Kostyra (1912–1979) and Martha Ruszkowski Kostyra (1914–2007), and is of entirely Polish heritage. When Stewart was three years old, the family moved to Nutley, New Jersey. She adopted the name “Grace” for her Catholic confirmation name.

1961

Stewart graduated from Nutley High School. She attended Barnard College of Columbia University, originally planning to major in chemistry, but switching to art, history, and later architectural history. To help pay her college tuition, she did fashion modeling for Chanel. During this time, she met Andrew Stewart, who finished his law degree at Yale Law School. They married in July 1961. She returned to Barnard a year after their marriage to graduate with a double major in history and architectural history.

In 1961, she married Andrew Stewart, then a student at Yale Law School. Their only child, a daughter named Alexis, was born in 1965. The couple separated in 1987 and divorced in 1990. Subsequently, Martha Stewart dated Anthony Hopkins but ended the relationship after she saw The Silence of the Lambs. She stated she was unable to avoid associating Hopkins with the character of Hannibal Lecter.

1967

In 1967, Martha Stewart began a second career as a stockbroker, her father-in-law’s profession. Meanwhile, Andrew Stewart founded a publishing house and served as chief executive of several others. Andrew and Martha Stewart moved to Westport, Connecticut, where they purchased and restored the 1805 farmhouse on Turkey Hill Road that would later become the model for the TV studio of Martha Stewart Living. During the project, Stewart’s panache for restoring and decorating became apparent. In 1976, Stewart started a catering business in her basement with a friend from her modeling days, Norma Collier. The venture quickly became successful but soured when Collier alleged that Stewart was difficult to work with, and was also taking catering jobs on the side. Stewart soon bought Collier’s portion of the business. Stewart was also hired as the manager of a gourmet food store, the Market Basket, but after a disagreement with the owners at the mini-mall she was forced out and opened her own store.

1977

Andrew had become the president of prominent New York City publisher, Harry N. Abrams, Inc. In 1977, he was responsible for releasing the English-language edition of The Secret Book of Gnomes series, by Dutch authors Wil Huygen and Rien Poortvliet, which quickly became a blockbuster success and was on The New York Times Best Seller list. He contracted Stewart’s company to cater the book release party, where Stewart was introduced to Alan Mirken, head of Crown Publishing Group.

1987

Following Entertaining’s success, Stewart released many more books under the Clarkson Potter publishing imprint, including Martha Stewart’s Quick Cook (1983), Martha Stewart’s Hors D’oeuvres (1984), Martha Stewart’s Pies & Tarts (1985), Weddings (1987), The Wedding Planner (1988), Martha Stewart’s Secrets for Entertaining (1988), Martha Stewart’s Quick Cook Menus (1988), and Martha Stewart’s Christmas (1989), among others. During this time, she also authored dozens of newspaper columns, magazine articles, and other pieces on homemaking, and made numerous television appearances on programs such as The Oprah Winfrey Show and Larry King Live. Andrew and Martha Stewart separated in 1987 and divorced in 1990.

1990

In 1990, Stewart signed with Time Publishing Ventures to develop a new magazine, Martha Stewart Living, for which Stewart would serve as editor-in-chief. The first issue was released in late 1990 with an initial rate base of 250,000. Circulation would peak in 2002 at more than 2 million copies per issue. In 1993, she began a weekly half-hour television program, also called Martha Stewart Living, based on her magazine. The show expanded to weekdays in 1997 and later to a full hour show in 1999 with half-hour episodes on weekends, and ran until 2004. Stewart also became a frequent contributor to NBC’s Today Show and later to CBS’s The Early Show, and starred in several prime time holiday specials on the CBS network.

1995

In 1995, Stewart received the Golden Plate Award of the American Academy of Achievement.

1997

In September 1997, with the assistance of business partner Sharon Patrick, Stewart was able to secure funding to purchase the various television, print, and merchandising ventures related to the Martha Stewart brand, and consolidate them into a new company, named Martha Stewart Living Omnimedia (MSLO). Stewart served as chairwoman, president, and CEO of the new company and Patrick became Chief Operations Officer. By organizing all of the brand’s assets under one roof, Stewart thought she could promote synergy and have greater control of the brand’s direction through the business’s activities. That same month, Stewart announced in Martha Stewart Living the launch of a companion website and a catalogue business, called Martha by Mail. The company also had a direct-to-consumer floral business.

In 1997, Martha Stewart was honored with an Edison Achievement Award for her commitment to innovation throughout her career.

1999

On October 19, 1999, Martha Stewart Living Omnimedia went public on the New York Stock Exchange under the ticker symbol MSO. The initial public offering was set at $18 per share, and rallied to $38 by the end of trading, making Stewart a billionaire on paper and the first female self-made billionaire in the U.S. The stock price slowly went down to $16 per share by February 2002. Stewart was then and continues to be the majority shareholder, commanding 96% control of voting power in the company.

2001

According to the U.S. Securities and Exchange Commission (SEC), Stewart avoided a loss of $45,673 by selling all 3,928 shares of her ImClone Systems stock on December 27, 2001, after receiving material, nonpublic information from Peter Bacanovic, who was Stewart’s broker at Merrill Lynch. The day following her sale, the stock value fell 16%.

2002

In the months that followed, Stewart drew heavy media scrutiny, including a Newsweek cover headlined “Martha’s Mess”. Notably, on June 25, 2002, CBS anchor Jane Clayson grilled Stewart on the air about ImClone during her regular segment on The Early Show. Stewart continued chopping cabbage and responded: “I want to focus on my salad.” On October 3, 2002, Stewart resigned her position, held for four months, on the board of directors of the New York Stock Exchange, following a deal prosecutors had made with Douglas Faneuil, an assistant to Bacanovic.

2003

On June 4, 2003, Stewart was indicted by the government on nine counts, including charges of securities fraud and obstruction of justice. Stewart voluntarily stepped down as CEO and Chairwoman of MSLO, but stayed on as chief creative officer. She went on trial in January 2004. Prosecutors showed that Bacanovic had ordered his assistant to tell Stewart that the CEO of ImClone, Samuel D. Waksal, was selling all his shares in advance of an adverse Food and Drug Administration ruling. The FDA action was expected to cause ImClone shares to decline.

2004

Monica Beam, a shareholder of MSLO, also brought a derivative suit against Stewart and other directors and officers of the company. It went before the Supreme Court of Delaware in 2004 and was ultimately dismissed.

After a highly publicized six-week jury trial, Stewart was found guilty in March 2004 of felony charges of conspiracy, obstruction of an agency proceeding, and making false statements to federal investigators, and was sentenced in July 2004 to serve a five-month term in a federal correctional facility and a two-year period of supervised release (to include five months of electronic monitoring).

Stewart wanted to go to prison in Connecticut or Florida. She did not want to serve at the Federal Prison Camp in Alderson, West Virginia, due to its remote location; in 2004, her lawyer said that the remoteness would make it difficult for Stewart’s then-90-year-old mother to visit. Judge Miriam Goldman Cedarbaum recommended to the Federal Bureau of Prisons (BOP) that Stewart be given her first choice, Federal Correctional Institution, Danbury, or her second choice, Federal Correctional Complex, Coleman. However, a spokesperson for the U.S. Department of Justice said the BOP would not send her to FCI Danbury, because the news media could too easily access the facility. The bureau could not send Stewart to FCC Coleman, because of complications from Hurricane Ivan; the Coleman complex filled because inmates from Federal Correctional Institution, Marianna, were moved to Coleman. Therefore, the Federal Bureau of Prisons assigned Stewart to Alderson. The spokesperson said he was concerned the assignment to Alderson could be perceived as being vindictive. Stewart’s daughter, Alexis, said she believed the BOP “may have made a point of sending her far away.”

Judge Cedarbaum ordered Stewart to report to her prison sentence before 2:00 p.m. on October 8, 2004. By September 27, 2004, Stewart received the BOP ID 55170-054. At about 6:15 a.m. on October 8, 2004, she reported to FPC Alderson. Stewart said her prison nickname was “M. Diddy.” While in confinement, she took a job and became an informal liaison between the administration and her fellow inmates. The People special Scandals! That Rocked America stated, “Some expected America’s goddess of domestic perfection to fall into terminal despair.” Stewart was released from FPC Alderson at 12:30 AM on March 4, 2005. She was then placed in a two-year term of supervised release; during five of those months, she was placed in home confinement with electronic monitoring. Stewart served her home confinement at her residence in Bedford, New York. She was allowed to leave her house for 48 hours per week for work-related visits. After her home confinement ended, but while her supervised release continued, she was required to remain employed and not to associate with people with criminal records. In addition, during the supervised release, she was required to receive permission from federal officials if she was going to leave the jurisdiction of the United States District Court for the Southern District of New York.

2005

Following her release from prison in March 2005, Stewart launched a highly publicized comeback and was once again involved in Martha Stewart Living. Offerings of her company’s Martha Stewart Everyday line at Kmart were expanded to include a new line of ready-made home furnishings, and its mass market interior paint line became available at the larger Sears stores. However, the most heavily promoted aspect of her comeback was in television. Stewart returned to daytime television with The Martha Stewart Show and appeared in an adapted version of The Apprentice (called The Apprentice: Martha Stewart). Both shows premiered in September 2005, and both were produced by Mark Burnett. Her prime time Apprentice spin-off received poor ratings. The Apprentice: Martha Stewart was not renewed for a second season.

In October 2005, Stewart released a new book, titled The Martha Rules, on starting and managing a new business, and a month later, her company released Martha Stewart Baking Handbook. In October 2006, Martha Stewart’s Homekeeping Handbook, a reference book about looking after a house, was published by Clarkson Potter. She also is a regular contributor of cooking, crafts, and gardening segments on NBC’s Today show. Stewart’s daily talk show was nominated in six categories for the 33rd Daytime Emmy Awards in 2006, including Best Host and Best Show.

2006

In August 2006, the SEC announced that it had agreed to settle the related civil case against Stewart. Under the settlement, Stewart agreed to disgorge $58,062 (including interest from the losses she avoided), as well as a civil penalty of three times the loss avoided, or $137,019. She also agreed to a five-year ban from serving as a director, CEO, CFO, or any other officer role responsible for preparing, auditing, or disclosing financial results of any public company. In June 2008, the UK Border Agency refused to grant her a visa to enter the United Kingdom because of her criminal conviction for obstructing justice. She had been planning to speak at the Royal Academy on fashion and leisure industry matters.

MSLO launched a line of houses that carry her name to be built by KB Home, initially in Cary, North Carolina, and ultimately in various other locations nationwide. The first homes, which were inspired by Stewart’s homes in New York and Mount Desert Island in Maine, were completed in early 2006. Ultimately, 650 homes are planned, with prices from the low $200,000s to mid-$400,000s. A line of paper-based crafts for EK Success is also in development. In September 2007, she launched an upscale line of housewares for Macy’s, which was the largest brand launch in Macy’s history. Appearing in commercials for the line, Stewart stated she has designed more than 2,000 items exclusively for Macy’s. The line includes bedding, bath, cookware, and dinnerware. In addition to television and merchandising, MSLO launched a 24-hour satellite radio channel with Sirius in November 2005, on which Stewart currently hosts a weekly call-in show.

In July 2006, Martha Stewart Living Omnimedia announced a multi-year agreement with FLOR, Inc., the eco-friendly manufacturer of high-style modular floor coverings, to manufacture and market a new line of Martha Stewart-branded carpet tiles. The Martha Stewart Floor Designs by FLOR line debuted in 2007 with the distinctive design and color palette associated with the Martha Stewart brand. The agreement with FLOR was part of the Martha Stewart organization’s growing home furnishings program, which includes a wide range of products such as furniture with Bernhardt, wall color with Lowe’s, and floor coverings with FLOR.

2007

On September 14, 2007, Martha Stewart Living Omnimedia announced that it had signed a partnership with E & J Gallo Winery to produce a wine brand with label Martha Stewart Vintage (for sale in six cities, in January 2008, at $15). The 15,000 cases to be sold included 2006 Sonoma County Chardonnay, 2005 Sonoma County Cabernet Sauvignon, and 2006 Sonoma County Merlot (for Atlanta, Boston, Charlotte, North Carolina, Denver, Phoenix, and Portland, Oregon). Martha Stewart also signed a contract with Costco to offer frozen and fresh food under the Kirkland Signature label.

Stewart reportedly dated billionaire Charles Simonyi, who was an early employee of Microsoft and head of their software group, on and off for 15 years. She featured footage of him as a space tourist aboard Soyuz on her television show in 2007. They broke up around February 2008.

Martha Kostyra, Stewart’s mother, died at the age of 93 on November 16, 2007. Kostyra, also called “Big Martha” by her family, had appeared on Martha Stewart Living numerous times.

2008

In July 2008, craft items under the names “Martha Stewart Celebrate” and “Martha Stewart Create,” two divisions of Martha Stewart Living Omnimedia, premiered in Walmart stores. The deal came about, in part, due to the closing of more than 600 Kmart stores in the U.S.

2010

In a move from broadcast television to cable, on January 26, 2010, Hallmark Channel and Martha Stewart Living Omnimedia announced a multi-year strategic partnership. Her hour-long daytime television series Martha, formerly The Martha Stewart Show, moved to the Hallmark Channel on September 13, 2010. It aired on Hallmark for two seasons, before cancellation in early 2012, with the final episode airing on May 11, 2012.

2011

New York Magazine reported in 2011 that Martha Stewart Living had only made a profit in one of the previous eight years. That same year, Stewart debuted a new 30-minute show, Martha Bakes, on the Hallmark Channel.

2012

A new television series, Martha Stewart’s Cooking School, debuted on PBS in October 2012. Each weekly, 30-minute episode covers cooking techniques and basics. It is based on her eponymous book.

2014

In 2014, Stewart reportedly partnered with eBay to create the American Made Martha Stewart online store. This marketplace allows a platform to more than 400 American vendors and offers them a chance to grow their brand and popularize their products.

2017

In the fall of 2016, VH1 premiered a new show featuring Martha and her friend Snoop Dogg called Martha & Snoop’s Potluck Dinner Party, featuring games, recipes, and musical guests. Snoop Dogg and Stewart also later starred together in a Super Bowl commercial for T-Mobile during Super Bowl LI in February 2017.

2018

In June 2018, Martha started airing as a new recurring judge for Chopped, a cooking competition on the Food Network. In October 2018, she appeared on The Ellen DeGeneres Show alongside Julia Roberts.

In 2018, Stewart was inducted into the New Jersey Hall of Fame.

2019

In February 2019, Canopy Growth (CGC), a Canadian marijuana company, announced that Stewart would join their company as an adviser.

2020

A new gardening show called Martha Knows Best premiered on HGTV on July 31, 2020. In it, Stewart provides gardening help to individual callers and to some of her celebrity friends. She also demonstrates some of the projects and improvements at her large (150 acre) estate.

In 2020, Stewart was inducted into the Licensing International Hall of Fame.

🎂 Upcoming Birthday

Currently, Martha Stewart is 81 years, 1 months and 23 days old. Martha Stewart will celebrate 82nd birthday on a Thursday 3rd of August 2023.

Find out about Martha Stewart birthday activities in timeline view here.

Martha Stewart trends

trends.embed.renderExploreWidget(“TIMESERIES”, {“comparisonItem”:[{“keyword”:”Martha Stewart”,”geo”:””,”time”:”today 12-m”}],”category”:0,”property”:””}, {“exploreQuery”:”q=Martha Stewart&date=today 12-m”,”guestPath”:”https://trends.google.com:443/trends/embed/”});

FAQs

  1. Who is Martha Stewart
    ?
  2. How rich is Martha Stewart
    ?
  3. What is Martha Stewart
    ‘s salary?
  4. When is Martha Stewart
    ‘s birthday?
  5. When and how did Martha Stewart
    became famous?
  6. How tall is Martha Stewart
    ?
  7. Who is Martha Stewart
    ‘s girlfriend?
  8. List of Martha Stewart
    ‘s family members?
  9. Why do people love Martha Stewart?

Aakash Chopra (Cricket Player)...

Name: Aakash ChopraOccupation: Cricket PlayerGender: MaleBirth Day: September 19, ...

Sara Maria Forsberg (Musicians)...

Name: Sara Maria ForsbergOccupation: MusiciansGender: FemaleBirth Day: May 2, ...

Tia Wright (Weight Lifter)...

Name: Tia WrightOccupation: Weight LifterGender: FemaleBirth Day: November 4, ...

Zhores Ivanovich Alferov (Scientists)...

Name: Zhores Ivanovich AlferovReal Name: Zhores AlferovOccupation: ScientistsGender: MaleBirth Day: March 15, ...

Wendy O. Williams (Actor)...

Name: Wendy O. WilliamsOccupation: ActorGender: FemaleHeight: 170 cm (5' 7'')Birth Day: May...

Silas Nacita (Football Player)...

Name: Silas NacitaOccupation: Football PlayerGender: MaleBirth Day: November 25, ...

Aakash Chopra (Cricket Player) – Overview, Biography

Name: Aakash ChopraOccupation: Cricket PlayerGender: MaleBirth Day: September 19, ...

Sara Maria Forsberg (Musicians) – Overview, Biography

Name: Sara Maria ForsbergOccupation: MusiciansGender: FemaleBirth Day: May 2, ...

Tia Wright (Weight Lifter) – Overview, Biography

Name: Tia WrightOccupation: Weight LifterGender: FemaleBirth Day: November 4, ...

Zhores Ivanovich Alferov (Scientists) – Net Worth 2020

Name: Zhores Ivanovich AlferovReal Name: Zhores AlferovOccupation: ScientistsGender: MaleBirth Day: March 15, ...

Wendy O. Williams (Actor) – Overview, Biography

Name: Wendy O. WilliamsOccupation: ActorGender: FemaleHeight: 170 cm (5' 7'')Birth Day: May 28, ...

Silas Nacita (Football Player) – Overview, Biography

Name: Silas NacitaOccupation: Football PlayerGender: MaleBirth Day: November 25, ...

Susan Cowsill (Pop Singer) – Overview, Biography

Name: Susan CowsillOccupation: Pop SingerGender: FemaleBirth Day: May 20, ...

Scott Hoch (Golfer) – Overview, Biography

Name: Scott HochOccupation: GolferGender: MaleBirth Day: November 24, ...

Winnie Lau (Singers) – Overview, Biography

Name: Winnie LauOccupation: SingersGender: FemaleBirth Day: July 24, ...