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Bethenny Frankel Sold Her Beverage Company For $8 Million, Not $120 Million
Posted on Thu Oct 13, 2011 11:45 AM PDT
It turns out Bethenny Frankel didn't make anywhere near as much money as we thought she did when she sold her Skinnygirl beverage company earlier this year.
Forbes Magazine reported that the Real Housewives star sold her Skinnygirl Margarita mix to Fortune Brands "for an estimated $100 million" and other media outlets estimated the sum to be as high as $120 million, but in an SEC filing released yesterday, the company said that they paid just $8.1 million for her brand.
$8.1 million isn't bad, but when you consider the amount she had to fork over to her partner (not to mention to the government for taxes), it doesn't really leave her with much!
Hmm, are we surprised?
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