Wednesday, October 27, 2021

What is Joy Mangano’s net worth? America’s Big Deal Creators Cashes Miracle Mop

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Joy Mangano has been named as the inventor of 71 patent families and 126 different patent publications

USA Network is launching an original new live shopping contest and our credit cards are ready to use! America’s Big Deal is the latest addition to the shows the network is producing.

According to USA Network, “America’s Big Deal” is a unique live and shopping contest series that invites entrepreneurs from across the country to sell their finished products to home viewers in real time. Each week, entrepreneurs will take the stage for a bold and innovative product pitch, and the person with the highest dollar sales at the end of the night wins the chance to strike a life-changing deal with one of the show’s retail giants. The show is hosted by Scott Evans and is the brainchild of Joy Mangano.

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Get to know the brain behind ‘Miracle Mop’

Joy Mangano is an American inventor and entrepreneur known for her incredibly useful inventions. Mangano was born in Brooklyn and raised in Huntington, New York, and was the inventor from a young age. She simply attributes her success to meeting consumer needs. She said that like everyone else, she is a mother, works, cleaning a house and organizing things. She understands needs and simply addresses them. In 1990 she was frustrated with the ordinary mop she used to clean wine on a boat. It was then that Mangano developed their first invention, the “Miracle Mop,” a self-wringing plastic mop with a head made from an endless loop of 300 feet of cotton that can be easily wrung out without getting the user’s hands wet. Initially using her own savings and investments from family and friends, she built a prototype and manufactured 1,000 units and sold them at trade shows and local stores. After a while, she sold 1,000 units in consignment to QVC and later went on the air herself, selling an incredible 18,000 units in less than 30 minutes. She started her business as Arma Products, renamed it Ingenious Designs, and later sold it to USA Networks. Mangano went from a frustrated mother of three and small business owner to multimillionaire as the company sold about $ 10 million worth of Miracle Pugs each year in 2000.

In 2021, the net worth of оу Мangаnо is estimated to be approximately $ 65 million. Her main source of income is her revenue from Ingenious Designs. Mangano made her money inventing a number of amazingly successful household products like the Miracle Mop, Huggable Hangers, the Memory Cloud Pillow, and more. She is currently the President of Ingenious Designs and also makes a regular appearance on the Home Shopping Network, where she is most successful with her sales of around $ 150 million worth of merchandise. All of this adds to her handsome income. In addition to her business, she is also a television personality and has been featured on shows such as “Made in the USA” and “The View”.

Her appearances on television programs have also added to her fortune. She also has a film loosely based on her life called “Joy” in which she is portrayed by Oscar-winning actress Jennifer Lawrence. Mangano is also the author of her autobiography “Inventing Joy”. To date, she holds more than 100 patents for her inventions, which makes her a self-made millionaire.

America’s Big Deal will air live on the USA Network channel only on Thursday, October 14, 2021 at 9:00 p.m. ET / 8:00 p.m. CT

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