What's Joy Mangano's net worth? 'America's Big Deal' creator cashed in on Miracle Mop
USA Network is coming out with an original new live shopping competition and our credit cards are ready to be used! 'America's Big Deal' is the latest addition to the shows the network produces.
According to USA Network, 'America’s Big Deal' is a first-of-its-kind, live and shoppable competition series that invites entrepreneurs from across the country to sell their ready-made products on-air to home viewers in real-time. Each week entrepreneurs will take the stage for a bold and innovative product pitch and the person with the highest dollar sales at the end of the night will win the chance to strike a life-changing deal with one of the show’s retail giants. The show will be hosted by Scott Evans and is the brainchild of Joy Mangano.
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Meet the brain behind 'Miracle Mop'
Joy Mangano is an American inventor and entrepreneur known for her incredibly useful inventions. Mangano was born in Brooklyn and raised in Huntington, New York and was quite the inventor from an early age. She credits her success to simply meeting the needs of consumers. She stated that just like everyone else she's a mom, she works, has a house to clean, and things to organize. She understands needs and simply addresses them. In 1990, she grew frustrated with the ordinary mop she used on a boat to clean up wine. This is when Mangano developed her first invention, the 'Miracle Mop', a self-wringing plastic mop with a head made from a continuous loop of 300 feet of cotton that can be easily wrung out without getting the user's hands wet. Initially using her own savings and investments from family and friends, she made a prototype and manufactured 1,000 units and sold them at trade shows and local shops. After a while she sold 1,000 units on consignment to QVC and went on air herself later and fabulously sold 18,000 units in less than 30 mins. She set up her business as Arma Products renaming it Ingenious Designs and later sold it to USA Networks. Mangano went from a frustrated mother of three and owner of a small business to a multi-millionaire, as by the year 2000, the company was selling about $10 million worth of Miracle Mops each year.
What is Joy Mangano's net worth?
Аѕ оf 2021, Јоу Маngаnо' nеt wоrth іѕ еѕtіmаtеd to be аррrохіmаtеlу $65 mіllіоn. Неr mаіn ѕоurсе оf іnсоmе hаѕ bееn hеr еаrnіngѕ frоm hеr buѕіnеѕѕ through Ingenious Designs. Mangano acquired her money by inventing a bunch of stunningly successful household products like the Miracle Mop, Huggable Hangers, the Memory Cloud Pillow and more. She is currently the President of Ingenious Designs and also makes regular appearances on the Home Shopping Network, whеrе ѕhе іѕ НЅN’ѕ mоѕt ѕuссеѕѕful рurvеуоr with her selling аrоund $150 mіllіоn wоrth оf gооdѕ. All of this adds to her handsome income. Besides her businesses, she is also a TV personality and has been featured on shows such as 'Made in the USA' and 'The View'.
Her appearances on TV shows have also contributed to her net worth. She also has a movie based loosely on her life called 'Joy' in which she is potrayed by Academy Award winner Jennifer Lawrence. Mangano is also the author of her autobiography 'Inventing Joy'. As of today, she holds more than 100 patents for her inventions which makes her a self-made millionaire.
'America's Big Deal' will air live Thursday, October 14, 2021, at 9 pm ET/8 pm CT only on the USA Network channel