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 partly because of her “by no means settle” angle 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 ceaselessly, with a clause broadly recognized all through the trade as “The Bethenny Clause.”
Associated: Bethenny Frankel on Her Strategy 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 provided for her preliminary RHONY contract in 2008. Frankel mentioned the quantity was $7,250 and that she “didn’t dispute” it.
“I used to be a no person. That was some huge cash to me,” Frankel defined. “The one factor I did cross out was the factor that mentioned Bravo would take a share of something I made … Someplace down deep inside me, I understood conceptually that that was incorrect, 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 offered the cocktail portion of her now-renowned Skinnygirl firm to Beam World for an estimated $100 million, which garnered the eye of the trade at giant making TV execs squirm over “misplaced” cash.
Now there’s one thing known as the “The Bethenny Clause” in some actuality tv contracts, which requires casts member on sure reveals to signal away a share of their earnings to “the powers that be,” as Frankel places it.
“You might be smarter than you assume,” Frankel instructed viewers. “I used to be not a enterprise particular person. I had no institutional information 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 World in 2011, the corporate wished to purchase the Skinnygirl firm as an entire, one thing she negotiated in opposition to and in doing so, was in a position to preserve the title of the Skinnygirl model and its mental property.
“I mentioned, 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 admittedly unprecedented. That basically does not occur … I used to be simply considering logically about that. And I’ve had so many issues in my profession which have been like that.”
Frankel is price an estimated $80 million, in accordance with Superstar Web Value.