Joy Mangano Net Worth | Celebrity Net Worth

Joy Mangano net worth: Joy Mangano is an award-winning entrepreneur and inventor from New York who has a net worth of $70 million. Mangano acquired her net worth by inventing a sequence of extremely profitable family merchandise just like the Miracle Mop and Huggable Hangers. She is at present the President of Ingenious Designs and makes frequent appearances on the Home Shopping Network (HSN).

Early Life: Joy Mangano was born in East Meadow, New York, to Italian-American dad and mom on February 1, 1956. Mangano’s love for invention began when she was a teen. While working in an animal hospital in Huntington, Long Island, she got here up with an concept with a fluorescent flea collar to guard pets. She graduated from Pace University with a level in enterprise administration in 1978.

Miracle Mop Invention: After holding down varied jobs (together with ready tables and dealing as an airline reservations supervisor) to assist her household, the only mother of three got here up with the Miracle Mop in 1990. The Miracle Mop is a self-wringing plastic mop with a head constituted of a steady 300 toes loop of cotton that may be wrung out simply with out getting the consumer’s palms moist. Mangano invested her personal financial savings cash and investments from household and pals to make a prototype and manufacture 1000 models. After promoting the progressive mop regionally in Long Island, Mangano took it to the purchasing channel QVC the place she bought 18,000 mops herself in 20 minutes. Mangano integrated her enterprise as Arma Products (later renamed Ingenious Designs.) She bought the enterprise to USA Networks, the mum or dad firm of the Home Shopping Network, in 1999. Ten years after the launch, Mangano was nonetheless promoting $10 million worth of Miracle Mops per 12 months.

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Other Inventions: Mangano quickly went on to invent Huggable Hangers, velvet no-slip hangers designed to preserve closet area, which rapidly grew to become the best-selling product within the historical past of the Home Shopping Network (HSN),  promoting greater than 300 million models. It did not damage that the product was endorsed by Oprah Winfrey herself.

Mangano’s subsequent design was Forever Fragrant, a line of dwelling odor neutralizers. Products included incense sticks, wickless candles, scent stands, drawer liners, and extra. On January 31, 2010, she broke an HSN report when she bought over 180,000 Forever Fragrant models in in the future. Her line of scents earned her the Good Housekeeping Seal of Approval. She then designed the Clothes It All Luggage System, which is wheeled baggage with specialised organizational options like a padded laptop computer compartment, toiletry organizers, pockets for aircraft tickets and boarding passes, and detachable designers. The baggage system ranges from small duffel luggage to transportable dressers, to briefcases and pet carriers. In May 2010, Mangano designed a shoe with a rubber platform heel to provide the wearer further top. She bought 30,000 pairs within the first three hours it was up on HSN. Originally beginning out as a sneaker, Performance Platforms branched out to incorporate mules, sandals, and Mary Janes. They are produced by Stride Rite.

Next up, Mangano created Comfort & Joy Textiles, bedding constituted of Supima cotton and a down different with a reversible and detachable quilt cowl, with sheets connected to the mattress skirt for simple elimination and cleansing. Mangano has bought greater than 13 million pairs of her seventh invention, Shades Readers, a line of studying glasses bought in units of three or extra to allow them to be stored across the family and workplace for fast and easy accessibility. Mangano additionally partnered with chef Todd English to create GreenPan Cookware, a ceramic-based non-stick coating line of pans that makes use of no PFOA in manufacturing. GreenPan bought 24,000 items in 4 hours on HSN on July 26, 2007.

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A daily on Home Shopping Network, Mangano has constructed up partnerships with a number of celebrities, together with tennis ace Serena Williams, to publicize merchandise on HSN. She is taken into account the community’s most profitable inventor, with annual gross sales of over $150 million. Her hourly gross sales commonly prime a million {dollars}. After twenty years, she left HSN to pursue different ventures. As for her different TV appearances, Mangano appeared as a choose on the cable actuality present “Made in the USA” in 2005. She was a visitor on “The View” in February 2007.

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For her innovations, Mangano has obtained dozens of awards and accolades together with being named Long Island Entrepreneur of the Year by Ernst & Young. In 2009, Joy was ranked No. 77 on Fast Company’s listing of The 100 Most Creative People in Business. In 2010, she was included on their listing of The 10 Most Creative Women in Business. Mangano additionally owns a restaurant known as Porto Vivo In New York. She launched her autobiography, “Inventing Joy” on November 7, 2017.

Pop Culture: David O. Russell’s 2015 movie “Joy” starring Jennifer Lawrence was loosely primarily based on Mangano’s life. Lawrence was nominated for an Oscar for Best Actress for her portrayal of Joy and received the Golden Globe for a similar class.  The movie was additionally nominated for a Golden Globe for Best Motion Picture Musical or Comedy. It was reported in 2018 {that a} manufacturing depicting Joy’s life story is being developed by Ken Davenport, a Tony-winning producer who acquired the musical rights with plans to deliver it to the stage.

Personal Life: Mangano married Tony Miranne, whom she met at Pace University once they had been each college students,   in 1978. The couple had three youngsters: Christie, Robert, and Jacqueline Marianne. They divorced in 1989. Mangano resides in St. James, New York.

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