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$200 Million Martha Stewart to Millennials: Get Up And 'Work For It'

By Michael W. Chapman | July 14, 2016 | 11:56am EDT

Lifestyle matron Martha Stewart. (AP)

Lifestyle matron Martha Stewart, who has an estimated net worth of $200 million, criticzed Millennials in general for still living with their parents and lacking initiative, and advised that, despite economic circumstances, they need to get up and "work for" their success, to "strive for it" and to "go after it."

“I think every business is trying to target millennials," said Stewart in an interview with Luxury Listings NYC, a magazine for the super wealthy in Manhattan. 

“But who are millennials?" she said.  "Now we are finding out that they are living with their parents."

“They don’t have the initiative to go out and find a little apartment and grow a tomato plant on the terrace," said Stewart, who is 74 and still working full-time.

“I understand the plight of younger people," she said. "The economic circumstances out there are very grim."

"But you have to work for it," said Stewart.  "You have to strive for it. You have to go after it.”

Stewart further said, "I got married at 19 and I immediately got an apartment and I fixed it up. I was very proud of everything I did. I got the furniture at auctions for pennies. Beautiful furniture. My apartments were lovely and homey and comfortable.”

She also revealed that Momofuku chef and restauranter David Chang told her, "Martha, you know so much and the millennials have to know this stuff! They don’t know anything and they have to learn. They want to learn but they have grown up without teachers. They know how to make money and how to develop software, but they don’t know how to plant a tree. They don’t know how to grow spinach."

Martha Stewart.  (AP) 

Martha Stewart, a baby boomer, helped pay her college tuition at Barnard College by doing modeling work; she earned a double major in History and Architectural History.  She married attorney Andrew Stewart in 1961 at age 19. She started her career in home restoration and decorating and catering. She also worked as a stock broker.

Stewart also wrote numerous popular books on cooking and entertaining, and eventually her skills led to the creation of the magazine, Martha Stewart Living, which enjoyed a peak circulation of 2 million. 

The magazine project led to a TV show and the establishment of Martha Stewart Living Omnimedia. That company reached a worth of $2 billion but she later sold the company for a reported $353 million. She still works, now as chief creative officer at Sequential Brands Group, where she is a major shareholder and a member of its board of directors, according to Luxury Listings NYC. Martha Stewart lives on a 153-acre farm in Bedford, N.Y., and has one daughter and two grandchildren. 

 

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