Joy Mangano Net Worth, Biography, and Career as a Successful Inventor

Have you ever wondered how much the wealthiest CEOs in the world are worth? These executives have an absolutely incredible net worth, which includes endorsement deals and salary. Explore Joy Mangano net worth and the factors that contributed to her unbelievable wealth.

Joy Mangano is known for her creativity, determination, and expertise in business. She is among the famous American businesswomen. Her narrative is a perfect example of the American dream. Mangano created her first invention, a bright pest collar when she was very young. After that, she continued to accumulate a great fortune. Her tale of rising from poverty to wealth is motivational.

What Is Joy Mangano Net Worth?

The net worth of Joy Mangano is expected to be $70 million. She is one of the award-winning American Entrepreneurs. Mangano is most known for inventing the Miracle Mop. She has made a living by making home goods that address common issues.

She frequently appears on the Home Shopping Network. Her history of turning modest concepts into multimillion-dollar businesses is not only motivational but also evidence of her abilities and persistence.

Early Life

On February 1, 1956, Joy was born in East Meadow, New York. She is the daughter of Terri Mangano and Rudy Mangano. Joy Mangano family was Italian American. Her father was the owner of an auto body shop. Mangano attended Pace University in New York after finishing her elementary schooling. She graduated in 1978 with a bachelor's degree in business administration.

From a young age, Mangano began creating new things. She spent her teenage years working at an animal hospital in Huntington. She came up with the idea of a pet-safe fluorescent flea collar. Next year a similar product was released by Hartz Mountain. Joy worked multiple jobs after graduating from Pace University to provide for her family. She created her initial product as a result of her dissatisfaction with some home items.

Joy worked multiple jobs after her graduation to support her family. She created her initial product due to her dissatisfaction with some home items.

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Career

Mangano created the "Miracle Mop" in 1990 as her first innovation after becoming dissatisfied with standard mops. This mop is made of plastic and it can squeeze itself and thus user can use it without making their hands wet. The tip is made up of continuous loop of cotton. In order to create a prototype and produce 1,000 units, Mangano used her personal savings. In addition to it her friends and family also supported her.

At first she sold the mop locally in Long Island. The she introduced the mop at the shopping channel QVC. In just 20 minutes she sold about 18,000 mops. She started her business with the name “Arma Products”. The name of her business was changed later to Ingenious Designs. In 1999, she sold Ingenious Designs to USA Networks.

After that, she invented Huggable Hangers. These hangers are basically wrapped in velvet. They are non-slippery and are designed to save space in the closet. These hangers were a great success. In 2010, more than 1 billion hangers were sold and it became the best-selling product of HSN. The Huggable hangers were endorsed by Oprah Winfrey.

Forever Fragrant was another creation of Mangano. It was a range of household odor neutralizing materials. Among the Forever Fragrant were candles without taper, aromatic sticks and perfume holders. She sold more than 180,000 Forever Fragrant pieces in a single day on January 31, 2010, breaking an HSN record.

The Forever Fragrant collection has received Good Housekeeping's seal of approval. After that, she created the Wheeled Clothes It All Luggage System, which is famous for its unique organizing characteristics. The luggage system includes briefcases, pet carriers, a portable closet, and tiny bag packs.

In 2010, she created high heels of rubber that seem to increase the height of the person. In the first three hours after it was posted on HSN, she sold 30,000 pairs. After that she designed the bedding line Comfort & Joy Textiles using Pima cotton. She invented Shades Readers. It is a range of reading glasses that are offered in pairs of three or more for convenient storage in the office and home.

To promote her products she has also made a lot of partnership with celebrities like Serena Williams. Inventor Joy Mangano is most successful innovator of HSN. She made the sales of more than $150 million a year. Her hourly earnings consistently surpass one million dollars.

In order to explore other endeavors, she quit HSN after twenty years. In addition, Mangano served as a panelist on the television reality show "Made in the USA" in 2005. In February 2007, she appeared on "The View" as a guest. Joy Mangano movie starring Jennifer Lawrence, was filmed on her life.

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Personal Life

In 1978, shortly after her graduation, she married Tony Miranne. The couple had three kids: two daughters and a son. They got separated in 1989. Joy Mangano ex husband was also a student at Pace University. Joy Mangano house is located in St. James, New York.

Frequently Asked Questions

Q. Is Joy Mangano sister Peggy, a real person?

Ans: No, Peggy was a fictional character created by the writer of the movie.

Q. How old is Joy Mangano?

Ans: She was born in 1956 and is 68 years old.

Q. What is the height of Joy Mangano?

Ans: She is 5 feet and 6 inches tall.