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Martha Stewart says Kmart once paid her $65 million a year in royalties—enough to bankroll her entire empire

FortuneOctober 8, 20264 min read

Before “influencer” was a job title, Stewart turned a discount-store licensing deal into nearly $2 billion in annual sales. Then the ImClone scandal cost her about $1 billion.

Long before “influencer” was a job title, Martha Stewart was getting paid like one. Kmart was signing the checks. Stewart, 85, said on MasterClass’s Other People’s Business podcast that her licensing partnership with the discount chain once brought in as much as $65 million a year in royalties. “Kmart was my first big money, and it was a lot of money,” she said. “I was clearing $65 million a year in royalties.” That income, she said, was “funding the whole…

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