Tova Borgnine Net Worth - Pulptastic
Rachel Young
What is Tova Borgnine’s net worth and salary?
Tova Borgnine, a Norwegian-American businesswoman, has a net worth of $25 million dollars. She is recognized for founding Tova Corporation, a cosmetics company, and for being the fifth wife of actor Ernest Borgnine.
Tova Traesnaes: Early Life and Career
Tova Traesnaes was born on November 17, 1941 in Oslo, Norway. After her parents divorced, Tova moved with her mother to the United States. They soon settled in Manhattan, New York, where she planned to study acting.
Tova soon developed an affinity for applying makeup rather than wearing it. After marrying her first husband, Louis Littleton, in 1965 Tova opened her own makeup center. Unfortunately the marriage failed in the early 1970s and they were divorced in 1972.
Tova Borgnine’s Success with Tova9 Face Cream
After her divorce, Tova Borgnine moved to Las Vegas to be closer to her mother. In 1975, she discovered a cactus-based face cream made by a Mexican family and purchased the worldwide distribution rights. Tova renamed the brand to Tova9 and within two years, it was generating $500,000 in annual revenue, which is equivalent to $2.4 million today.
Tova’s Business Success
In 1977, Tova began selling her skincare products through mail-order. Hollywood celebrities soon caught on and her company received a flood of orders. In 1983, Tova launched her signature perfume and by then her company had relocated to Beverly Hills and employed nearly 50 people. By the end of the 1980s, she had 80 employees and produced around 65 skincare products.
Tova Borgnine’s Fragrances Became QVC’s Bestselling Perfume Products
Tova started selling her products on QVC in 1990. Her fragrances became QVC’s top-selling perfume products by 2001. A year later, QVC acquired Tova Borgnine’s brand for a “seven-figure” sum.
Marriages and Children
Tova was first married to Louis Littleton, with whom she had one child. They divorced in 1972.
A year later, in 1973, Tova married actor Ernest Borgnine, who was on his fifth and final marriage. They remained married until his death in 2012. However, they did not have any children together.
Tova Borgnine Sells Beverly Hills Home to Jason Bateman for $3 Million
For many years, Tova Borgnine split her time between Beverly Hills, California, and West Chester, Pennsylvania, the home of QVC. After her husband Ernest Borgnine’s death, Tova decided to put their longtime Beverly Hills home on the market for $3.4 million. Ernest had owned the home for over six decades.
In February 2013, Tova’s next-door neighbor, Jason Bateman, and his wife, Amanda Anka, purchased the property for $3 million. The Borgnines’ former home is a mid-century modern house that was built in 1959. The property features four bedrooms, four bathrooms, a pool, and a stunning view of the city.