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Wednesday, June 25, 2014

Did Martha Stewart Really Become a Billionaire While in Prison?

Martha Stewart became a billionaire while she was in prison.

Lifestyle media mogul Martha Stewart became a billionaire in 2005 while she
was in prison for obstruction of justice. Although it was thought that
Stewart's incarceration would damage her brand’s profits, shares of her
company, Martha Stewart Living Omnimedia, increased in value by more than
90% during the five months she was in prison. Stewart had transferred her
29 million shares in Martha Stewart Living Omnimedia to her daughter before
her sentencing, but still retained ownership and control, increasing her
worth to more than $1 billion US Dollars while in prison. After Stewart's
release in March 2005, her company's share value dropped by 40%, and she
was no longer a billionaire.
Read More: http://www.wisegeek.com/did-martha-stewart-really-become-a-billionaire-while-in-prison.htm?m

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