Martha Stewart Explains Why She Doesn’t Have a Kardashian-Level G5: ‘I Lost About a Billion Dollars’
"I fell in a hole," the lifestyle mogul tells MasterClass founder David Rogier The post Martha Stewart Explains Why She Doesn’t Have a Kardashian-Level G5: ‘I Lost About a Billion Dollars’ appeared first on TheWrap .
Martha Stewart revealed on the MasterClass "Other People's Business" podcast that she does not own a private jet like some of her contemporaries, including Kim Kardashian, due to financial losses from her 2004 insider trading conviction. The 2004 legal turmoil led to a conviction on felony counts of conspiracy, obstruction of justice, and two counts of making false statements.
Stewart admitted that she lost "about a billion dollars" due to lawyers representing her, calling it a "hole" that she fell into. She kept details about the fallout vague but hinted at more revelations in her upcoming autobiography, stating that she is currently "pretty good" financially. Stewart announced her autobiography in October 2024, preceding the buzz from her Netflix documentary "Martha" by filmmaker R.J.
Cutler. She teased that the book would provide even more insights than the documentary, leaving viewers eager for more.
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