Skinnygirl Drinks Mogul And Former 'RHONY' Star Bethenny Frankel Announces On Tik-Tok That She's Leaving New York For Miami

Reality TV star and Skinnygirl low-cal margarita maven Bethenny Frankel took to TikTok to announce her departure from New York for Miami.

The ever-chic former star of Bravo’s "The Real Housewives of New York", who was born in Queens, said that her move was for “personal and professional” growth reasons. Realtor.com reports that Frankel has also been quietly looking for a buyer for her Greenwich, Connecticut home, which is listed for $8 million. 

Don't Miss:

• ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share with a $1000 minimum.
• Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today.

Today's Best Finance Deals

Multi-Million Dollar Fortune

Although Frankel purchased a home in Miami last year for $1.7 million, She also added another home in Manhattan— as she confirmed on TikTok — that she would not be leaving New York entirely. Frankel’s personal residence prior to announcing her move was in the Hamptons, New York, on a property she purchased in 2023 for $5.45 million.

Frankel has made a multi-million dollar fortune from reality TV and business ventures. She starred in "RHONY" for eight of its 14 seasons. Frankel and her former partner, Jason Hoppy, also starred in “Bethenny Getting Married” on Bravo, which documented the couple’s engagement, marriage, and the birth of their daughter. She also hosted a short-lived talk show that lasted a year, debuting in 2013. 

Trending: Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. 

Skinnygirl’s $100 Million Success Story

Frankel tried her hand at starting a food business in 2003, launching Bethenny Bakes, offering baked goods and a meal delivery service with limited success. However, what really made Frankel her fortune was Skinnygirl Cocktails, which, when launched in 2008, initially sold a pre-packaged low-calorie margarita. By 2011, according to research firm Technomic, it was the fastest-growing spirit brand in the country. Soon after Frankel sold the company to Fortune Brands’ Beam Global, which is now a part of Suntory, for an estimated $100 million, keeping the rights to the name.

The Bethenny Clause

However, Frankel’s savvy business move was to insist Bravo had no financial rights to anything she made outside of the show. Frankel explained on Instagram that she accepted just $7,250 for the first season of "RHONY." 

“When the Hollywood Reporter article came out on me, and the Forbes cover came out, because I had sold the cocktail portion of my business for a lot of money, Bravo woke up, the entertainment industry woke up, reality television woke up,” Frankel told CNBC.

Bravo’s oversight in letting one of its reality TV show stars reap 100% of the rewards of her fame outside the series marked a sea change in the industry. “They created what is now referred to by the industry as the ‘Bethenny clause,’ which means that anybody going on reality TV has to give a percentage to the powers that be,” Frankel said.

See Also: Donald Trump Just Announced a $500 Billion AI Infrastructure Deal — Here's How You Can Invest in the Entertainment Market's Next Big Disruptor for Just $998

Cameo And iHeartMedia

The success of the Skinnygirl Cocktails led to further Skinnygirl product branding with popcorn, salad dressings, supplements, coffee, and clothing. According to Entrepreneur magazine, Frankel has also enjoyed financial success from investing in the celebrity video request platform Cameo and hosting a podcast on iHeartMedia.

“We’ve made a lot of money,” she told the outlet about her Cameo investment. “I don’t know how else to say it. From not a crazy investment in the beginning to a really substantial profit,” Frankel told Entrepreneur 2021. “That was my first real investment like that. So it was exciting. Everything I do has to have an ROI,” Frankel added. “As you get older, time becomes more and more valuable. So you sort of decide what you want to spend time doing.”

Interest Rates Are Falling, But These Yields Aren't Going Anywhere

Lower interest rates mean some investments won't yield what they did in months past, but you don't have to lose those gains. Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities.

Arrived Home's Private Credit Fund’s has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate. The best part? Unlike other private credit funds, this one has a minimum investment of only $100. 

Looking for fractional real estate investment opportunities? The Benzinga Real Estate Screener features the latest offerings.

Image: Shutterstock