Margaret Josephs is an American TV personality, entrepreneur, and fashion designer from Englewood, New Jersey. She stars on the TV series Real Housewives of New Jersey. As of 2021, Margaret Josephs net worth is estimated to be $50 million.
Despite being one of the most self-made wealthy businesses on The Real Housewives of New Jersey, Margaret Josephs, like castmate Giudice, has had a lot of financial and legal issues, which has reduced her net worth. Vineyard Vines sued The Macbeth Collection for trademark infringement in 2014, alleging that the company misappropriated Vineyard Vines’ logo. Josephs eventually reached an out-of-court settlement for roughly $300,000 dollars.
Margaret Josephs Early Life
Margaret was born on April 9, 1967, in Elizabeth, New Jersey. She was raised in Westchester, New York. Her parents were Hungarian immigrants. Margaret studied fashion design at the Fashion Institute of Technology in Manhattan, New York.
She married her first husband, Jan Josephs, in 1994. They had one child together. Margaret remarried in 2013 to Joe Benigno.
Margaret Josephs Net Worth & Career
Margaret began working as a dress designer at New York’s Garment Center after obtaining her degree from FIT. This job inspired her to eventually start her own fashion line.
Josephs started a home accessories line called Macbeth Collection in 1999. Over the years, Macbeth has expanded to fashion clothing and other accessories. In 2015, Margaret added a sister brand to Macbeth called Candie Couture.
Popular brand and competitor, Vineyard Vines, filed a $12 million lawsuit against Josephs in 2014. Josephs was accused of stealing their logo. Josephs filed for bankruptcy on her company. Since then, Margaret admits to being in a tough spot financially. Her New Jersey mansion was in foreclosure for some time during 2018.
In 2017, Margaret joined the cast of Real Housewives of New Jersey in its eight-season. She began to rebuild her business, and Macbeth Collection now celebrates 20 years of operation.
Josephs has found herself in the midst of several controversies with her co-stars. In the finale of season ten, fellow housewife Jennifer Aydin pulled Margaret’s hair during a shopping outing. Josephs has no problem expressing how she feels. This includes calling her co-stars “classless” and “embarrassing.”
Margaret Josephs Husband- Joe Bengino
Margaret has been married to Joe Benigno since 2013. Well, we don’t have much information about him but what we know is that he is a motorcycle rider, plumber, and contractor.
Joe is Margaret’s second husband. She was previously married to Jan Josephs, who had three children from a previous marriage. Jan and Margaret had one son together before their relationship ended.
Margaret Josephs Net Worth
Her Accessories line Macbeth Collection was incredibly successful and is said to be worth $50 million. After facing financial troubles and lawsuits with her company, Josephs’ overall net worth has possibly plummeted. As of 2021, it is still believed that Margaret Josephs’ net worth is around $50 million.