Net Worth Ranker
What Is Nicole Murphy’s Net Worth?
Nicole Murphy, an American model, reality television personality, and entrepreneur, has accumulated a net worth of $10 million. This wealth is a result of her diverse career ventures, which include modeling, television appearances, entrepreneurial endeavors, and settlements from her divorce. Although there’s no specific breakdown of her net worth components readily available, we can piece together how she accumulated this wealth.
Sources of Nicole Murphy’s Net Worth
Divorce Settlement: A significant portion of Nicole Murphy’s wealth initially came from her divorce settlement with Eddie Murphy. In 2006, she received a $15 million one-time payment. However, it’s worth noting that she reportedly lost $7 million of this settlement due to a failed investment scheme.
Modeling Career: Nicole Murphy began her modeling career at the age of 13, signing with the Ford Modeling Agency after winning an international modeling contest. She then moved to Europe and worked with Glamour Models in Paris, modeling for renowned designers and brands such as Chanel, Valentino, Yves Saint Laurent, and Ungaro for seven years. While specific income figures from her modeling days are not available, this career path undoubtedly contributed to her financial foundation.
Television Appearances: Nicole Murphy has made several television appearances, including starring in and producing the VH1 reality series “Hollywood Exes” from 2012 to 2014. She also appeared on the reality beauty competition show “Global Beauty Masters”. The income earned from these television ventures also contributes to her net worth.
Entrepreneurial Ventures: Nicole Murphy has diversified her income streams through various entrepreneurial pursuits. In 2009, she launched her own jewelry collection, FLP by Nicole Murphy. In 2018, she launched an anti-aging skincare brand named ZOBELA. She has also partnered with Red Styxx Beverage to launch her own premium Moscato wine brand. The revenue generated from these businesses contributes to her overall net worth. While precise revenue figures for these ventures are not publicly available, they contribute to her overall financial picture. She also worked on the films “Shut the Fuck Up” (2009) and “Just Love” (2016), potentially earning income from these projects as well.
Financial Challenges and Recovery
Following her divorce settlement, Nicole Murphy faced significant financial challenges. In 2010, it was rumored that she had spent through much of her divorce settlement. Reports at the time indicated that she owed $5 million on a mortgage for her house in Los Angeles, $600,000 to her lawyers, and nearly $900,000 to the IRS. Despite these reported financial difficulties, Nicole Murphy appears to have recovered, maintaining a net worth of $10 million through her diverse career ventures and entrepreneurial activities. It was also reported that in December 2013, she and fiancé Michael Strahan purchased a $16 million mansion in Los Angeles, but they split up in 2014 due to their busy schedules.
Early Life and Background
Nicole Ronnette Mitchell was born on January 5, 1968, in Sacramento, California. Her mother, Ellen, was a British homemaker, and her father, Eddie “Mitch” Mitchell, was an African American United States Air Force pilot. Following her parents’ separation when she was still a child, Nicole and her three brothers were raised by their mother. However, her parents later reunited. This background provides context for her journey to becoming a successful model and businesswoman.
