What’s the renowned entrepreneur Joy Mangano’s net worth in 2018? She is an award-winning inventor popularly known for inventing the self-wringing Miracle Mop. Mangano today makes appearances on television shopping channel HSN where she does some adverts. She is the president of Ingenious Designs LLC a company that she sold to the Home Shopping Network back in 1999.
Before selling the company, she was making sales worth more than $10 million annually with the Miracle Mops. As of today, she holds more than 100 patents for her inventions, and that brings us to our initial question what’s Joy Mangano net worth figures in 2018. To find out more scroll below and get a glimpse of her net worth and also a few facts you probably don’t know about Joy Mangano.
Joy Mangano hails from East Meadow, New York where she was inherent in 1956 by her American-Italian folks. After her elementary and freshman education, joy enrolled and graduated in 1978 from Pace University with a caliber in Business Administration. She later secured work at various openings as a reservation officer at an airline and also as a stewardess at a hotel.
In 1978 just after her university, Joy was wedded with Tony Miranne, her schoolmate who also graduated with her. The couple were blessed with three kids namely; Jacqueline, Christie and Robert. However, they separated legally in 1989.
Joy’s professional career kicked off in 1990 where she fabricated her initial design, The Miracle Mop. It was a plastic floor duster intended to be used easily, and its specialty was that the user’s palms wouldn’t get wet while mopping. Her invention was fruitful as she auctioned over 1,000 pieces and 18,000 pieces in local shops & trade exhibits and on-air respectively. Joy later launched her company Arma Products rebranded to Ingenious Designs, but in 1999 she auctioned it to USA Networks which made the profit by selling mops value $10 million.
Over the years, Joy has successfully managed to invent a variety of items some of them including Huggable Hangers which auctioned over 300 million pieces, Shades Readers which auctioned over 1 million pieces, Performance Platforms (footwears) which auctioned over 20,000 pieces in 3 hrs, and many more.
Aside from her career, she is a TV personality where her first appearance was in 1992 on QVC. Currently, Joy is featured on HSN where she auctions over $150 million in sales yearly making her to be regarded as the most fruitful custodian. She chose to sell on air since lots of people will be influenced over a short period of time. Due to this, she is featured in brief infomercials and adverts where per hour she auctions over $1 million. She has also been featured in other shows such as Made in the USA (2005) and The View (2007).
In order to deliver their items to HSN, Joy sought to collaborate with key figures in the industry. They include the likes of Frank Sepe and Serena Williams. As an author, she launched her journal, in 2017 called, Inventing Joy.
On Awards And Achievements: Joy has been; recognized as The Long Island Entrepreneur of the Year (1997), placed at no.77 in the category of The 100 Most Creative People in Business (2009) and finally ranked in the record of The 10 Most Creative Women in Business (2010).
Net Worth, Salary & Income
Joy Mangano net worth is estimated to be $55 million. The source of Joy Mangano net worth is her company Ingenious Designs LLC which she used to sell her products with, products that she invented such as Miracle Mop and Huggable Hangers. The company before she sold it was earning her around $10 million in a year just from the sales of Miracle Mop product alone. She sold the company in 1999 for an undisclosed amount of money to Home Shopping Network. Today she is the president of the company and makes sales on HSN where she is HSN’s most successful purveyor since she sells around $150 million worth of goods and that definitely boosts Joy Mangano net worth figures.
9 Facts You Need To Know About Joy Mangano
Probably you have interacted with her on HSN network, and you know how good of a sales lady she is. Today we shall get to uncover a few details that probably you don’t know about the inventor of Miracle Mop and Huggable Hangers Joy Mangano.
1. Her life is based on a movie called Joy which debuted in 2015.
2. The millionaire Joy Mangano once struggled to make ends meet, and she sold grapevine wreaths and even waitressed at night.
3. Did you know that the Miracle Mop isn’t the biggest seller out there and Huggable Hangers are the best sellers? To date, the Hangers have sold over 700 million.
4. Through her inventions, she has acquired over 100 trademarks and patents.
5. In addition to her creativity she also designs origami, models, and drawing where as a teenager, she fashioned a reflective collar to keep animals safe.
6. Did you know that she was once the CEO of the PTA?
7. She has a house in an island which she named, Swan Manor.
8. She runs a family business where she has included her son and daughter to manage her company.
9. Her first invention, The Miracle Mop was inspired while doing her house chores as she found it hard to use the normal mop.
Joy Mangano is definitely the best marketer out there considering she sells every day over a $1 million worth of products. Just wondering why Joy Mangano net worth isn’t a billion.