Bethenny Frankel’s net worth in 2021 is probably a lot higher than you would think. People know Frankel as the sharp-tongued firecracker from several seasons of The Real Housewives of New York City. But outside of her Housewives‘ fame, Frankel has become quite wealthy in her own right. So, what is Frankel’s net worth in 2021?
Bethenny was in a lot of debt
Though the lifestyle that Frankel showed fans in season 1 of RHONY was definitely on the lavish side, she once revealed that she spent most of her young life in tremendous debt.
“Until my late thirties, everything was just an anxiety and a struggle,” she told Money. “It’s like the way people feel when they eat something and they don’t feel good about it.” She went on to discuss how she became over $20,000 in credit card debt and would often bounce checks. “I’d be on the phone begging to get the [fees] reduced.”
For a while, Frankel struggled with managing her credit and not charging excessively to her credit card.
“I used to think the credit card didn’t count,” she said. “Then I consolidated all my credit cards and got a strategic plan to pay more than the minimum each month. That was a concerted effort.”
Now, Frankel never charges more than she can pay off.
“You can’t put yourself in a position where, if the s*it hit the fan, you couldn’t pay all of your bills at one time,” she said. “If the world came to an end, I would be able to pay for everything. I might not be left with much, but I can afford what I have.”
What does Bethenny Frankel do?
Frankel comes from humble beginnings. After graduating high school, she went to the National Gourmet Institute and then New York University, where she got degrees in communications and psychology.
She moved to LA shortly afterward to pursue acting but ended up becoming the assistant to Kathy Hilton, Paris Hilton’s mother.
She started her company BethennyBakes in 2003, which offered healthy baked goods. She went on to compete on The Apprentice: Martha Stewart in 2005, and finished as a finalist. Her company went out of business in 2006 but in 2008, she was asked to be a part of RHONY.
Though she was only paid $7,250 for her first season on the show, she used it to promote her businesses. She also refused to sign a portion of her contract that said that she would have to give Bravo a percentage of the profits that she earned from businesses that she promotied on the show.
Through the promotion on RHONY, Frankel’s Skinnygirl Cocktails became a success. In 2011, she sold the line to Beam Global for $120 million. After the sale, reports began circulating that the sale was actually only worth $8.1 million. Frankel rebutted this claim.
“Come on. That it could be the fastest-growing booze brand on the market and to have sold for that little is just preposterous,” she said, according to Celebrity Net Worth. “I’m going to be paying a hell of a lot more than $8.1 million in taxes.”
What is Bethenny Frankel’s net worth in 2021?
In addition to her Skinnygirl Cocktails, Frankel has also published a number of books, including Naturally Thin: Unleash Your SkinnyGirl and Free Yourself from a Lifetime of Dieting, The SkinnyGirl Dish: Easy Recipes for Your Naturally Thin Life, A Place of Yes: 10 Rules for Getting Everything You Want Out of Life, and Skinnydipping.
She has also appeared on a number of shows and spin-offs, including Bethenny and Fredrik, Bethenny Getting Married?, her talkshow, Bethenny, and as a guest investor on Shark Tank.
Frankel is currently worth $70 million, according to the outlet.