Former New York Housewife Bethenny Frankel’s claims of financial prowess appear to be greatly exaggerated after financial documents reveal she got nowhere near $120 million for her Skinnygirl cocktail brand.
Frankel is also being sued for $10 million for allegedly falsely advertising that the line of margarita mixes was “100% natural.” It’s been found to contain preservatives.
Frankel, 40, has never denied or confirmed the Skinnygirl sale price, but allowed the press speculation to go unchallenged.
She also touted the sale as an example of her ability to leverage her reality television fame into lucrative spin-offs.
The claim was unmasked after Beam Global, which bought the brand, reported in financial filings with the federal Securities and Exchange Commission that it paid $8.1 million for Skinnygirl.
Bethenny can receive additional incentive-based profits if Skinnygirl meets certain sales targets, but “in an amount not in excess of $25 million,” according to the SEC filings.
But right now, even those goals seem to be in jeopardy.
Organic grocery store chain Whole Foods recently pulled all its Skinnygirl products from its store shelves.
It discovered that the mixes contained preservatives that violate its product policies.
Frankel and Skinnygirl had represented that the bottled mixes were “100% natural.”
The claims have spawned a class action seeking $10 million in damages for the allegedly false claims.
Bethenny gained notoriety from her stint on reality show the “Real Housewives of New York City” from 2008-2010.
She parlayed her background as an “organic” chef into best-selling diet book “Naturally Thin.”
Her own personal life, however, has been fraught by eating disorders and binge dieting.
Frankel has been criticized for not being a healthy role model for women with eating disorders.
Her own mother, who is estranged from Bethenny, called her a “pathological liar.”
More recently, Frankel was accused of lying about being lost at sea for 20 hours, in an effort to get press attention.
A defiant Bethenny has vehemently denied lying about being “lost at sea,” and insists that people are suing her out of jealousy and greed.
Season 3 of Frankel’s spinoff reality show, “Bethenny Goes L.A.,” premieres in December.