What is Margaret Josephs' net worth? 'RHONJ' star already ran a successful lifestyle brand before joining show
Bravo's reality drama 'Real Housewives of New Jersey' has have been airing for over 10 seasons now with new fan favorites in each season and Margaret Josephs is one of the fairly recent additions to the show's cast. She joined the popular show in Season 8 and has emerged as a fan favorite ever since.
One of the most memorable and melodramatic moments from the show, which any die-hard fan can recall easily, was when fellow housewife Danielle Staub pulled Josephs' hair in Season 10 Episode 15, under the instruction of Teresa Giudice.
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Before you grab your popcorns for more drama on the upcoming Season 11 of RHONJ from February 17, let us take a look at Margaret Josephs's net worth and successful career in fashion.
What is the net worth of Margaret Josephs?
In 2019, Celebrity Net Worth estimated the net worth of Margaret Josephs at a whopping $50 million, making her the richest among the cast of the show. However, Josephs did not make her fortune solely from the show, unlike some of her co-stars. Rather, she was already a successful businesswoman by the time she joined the reality show.
She is the founder, owner, and designer of the lifestyle brand — Macbeth Collection. A fashion designer and self-made entrepreneur, Josephs started out her career as a dress designer with other labels, before launching her very own brand. Her business flourished for nearly two decades, helping her reach the zenith of success and prosperity.
Josephs' money troubles
Unknown to many, 53-year-old Josephs is a graduate of New York's Fashion Institute of Technology, where she pursued a degree in fashion designing. After a successful stint as a fashion entrepreneur, Josephs, the wife of Joe Benigno, reported financial troubles in 2019.
Back then, she was sued for $200,000 by two former friends who claimed that she had not paid back a loan she took and owed them money. Josephs also owed backed taxes in a substantial amount.
The company Vineyard Vines had sued Josephs for $12 million for trademark infringement on their logo design — accusing that Josephs copied their logo for her own company. Josephs declared bankruptcy within her business after that. Her house was also in foreclosure in 2018.
"I settled for around $300,000 because I could not afford to go to trial. I filed for bankruptcy in my business. They put a lien on my property. I’m up to my eyeballs in legal bills," Josephs had revealed during an episode of RHONJ.