Bethenny Frankel is a longtime entrepreneur and businesswoman who started her profession within the public eye within the late aughts on Bravo’s “The Actual Housewives of New York.”
Frankel’s success has been partially on account of her “by no means settle” perspective and never being afraid to talk up for herself when one thing feels off. That is why she’s “credited” with altering the scope of actuality tv contracts without end, with a clause extensively identified all through the trade as “The Bethenny Clause.”
Associated: Bethenny Frankel on Her Method to Enterprise and Negotiating Offers: ‘I am Good at Ideas, Not Contracts’
In an Instagram Reel, Frankel answered a fan’s query about how a lot cash she was supplied for her preliminary RHONY contract in 2008. Frankel stated the quantity was $7,250 and that she “didn’t dispute” it.
“I used to be a no one. That was some huge cash to me,” Frankel defined. “The one factor I did cross out was the factor that stated Bravo would take a share of something I made … Someplace down deep within me, I understood conceptually that that was flawed, that I used to be going locations and I used to be going to do one thing and nobody was going to personal any a part of it.”
In 2011, Frankel bought the cocktail portion of her now-renowned Skinnygirl firm to Beam International for an estimated $100 million, which garnered the eye of the trade at massive making TV execs squirm over “misplaced” cash.
Now there’s one thing referred to as the “The Bethenny Clause” in some actuality tv contracts, which requires casts member on sure exhibits to signal away a share of their earnings to “the powers that be,” as Frankel places it.
“You might be smarter than you suppose,” Frankel instructed viewers. “I used to be not a enterprise particular person. I had no institutional data or expertise in any of this. I learn a contract, one thing did not really feel proper to me, and I took it out. And it modified my total life.”
Frankel instructed Entrepreneur in 2021 that earlier than closing the preliminary cope with Beam International in 2011, the corporate wished to purchase the Skinnygirl firm as a complete, one thing she negotiated in opposition to and in doing so, was in a position to preserve the identify of the Skinnygirl model and its mental property.
“I stated, I am not doing that — you guys solely concentrate on liquor, so preserve the liquor,” Frankel defined to Entrepreneur on the time relating to the acquisition. “So [Beam] paid me and acquired a model, which is de facto unprecedented. That actually does not occur … I used to be simply pondering logically about that. And I’ve had so many issues in my profession which were like that.”
Frankel is value an estimated $80 million, in keeping with Celeb Web Value.
