A major cast shakeup during hiatus at the Real Housewives of Orange County resulted in Bravo introducing Elizabeth Lyn Vargas as a new full-time cast member for season 15. But they still haven’t had the chance to learn much about Elizabeth besides that fact that she seems really rich. So, what is Elizabeth’s net worth and who is her ex-husband?
The ‘RHOC’ newbie was going through a divorce while filming her first season
Elizabeth’s connection to Kelly Dodd helped her earn her orange in season 15. Just two weeks into the new season, fans are already aware of the Missouri native’s lavish lifestyle. She’s also not afraid to share personal details and get candid in conversations.
In the very first episode, Elizabeth shared details about her romantic history. She dished on who she’s dating, as well as who she was married to.
According to Decider, Elizabeth was going through a divorce when she started filming her first season of RHOC. In a July Instagram Story, she told her fans that her divorce was final. Elizabeth admitted that she didn’t know how to feel about it and confessed that she was “excited” and “sad.”
“It’s the end of an era – I was with the guy for 20 years. Seventeen years but divorcing for three. Twenty years total of my life and I’m happy but it’s a failure,” Elizabeth said. “I paid an arm and a leg to get divorced and to get what I thought I needed … and here we are transitioning to a new phase in my life and I’m excited.”
Elizabeth Lyn Vargas has moved on with a new boyfriend
Elizabeth was married to Bernt Bodal, the CEO and majority shareholder of American Seafoods. The 67-year-old once appeared on Undercover Boss and has a net worth of approximately $200 million.
She has since moved on and has found new love with her boyfriend, Jimmy. But according to Bravo’s The Daily Dish, she “raised some eyebrows” when she revealed that she and Jimmy haven’t had sex.
“He just wants to do it right, and he really cares for me,” Elizabeth said. “The reason I like him is because he’s good company, and I know exactly where he’s at.”
There’s much more to Elizabeth than just her relationships. She also has a very successful career as the CEO of a music company. In fact, she just might be the wealthiest cast member the Real Housewives of Orange County has ever seen.
According to Heavy, Elizabeth is the CEO of Edge Music Network, which she describes as “digital MTV.” In 2016, she told The Desert Sun that her platform offers one of the largest classic rock libraries.
New ‘RHOC’ star Elizabeth Lyn Vargas has a reported net worth of $30 million
Elizabeth explained that she had a deal with Eagle Rock Entertainment – which owns the rights to concert and documentary films – before Universal acquired them. Those films featured big bands like Pink Floyd, The Rolling Stones, and The Who.
Universal also bought EMI Interscope and Def Jam Records. In 2015, she made a deal with all of them – the Universal Music Group. She explained that she “went big” and “went everybody.” According to Celebrity Net Worth, Elizabeth’s current net worth is $30 million.
Unfortunately, Elizabeth revealed this past summer that her business was in trouble. She said that “Edge Music was a failure,” before winding that back and claiming “it’s on its way” to failure.
“I’m gonna pivot my life to a new direction to generate revenue – you know from things that I acquired – I can re-purpose and you know,” Elizabeth wrote on her Instagram Story. “Anyone that knocks you for trying to be successful or being a serial entrepreneur or trying a new venture, don’t listen to them.”
Her latest business venture appears to be Vargas Vodka, which she promoted last month.
New episodes of Real Housewives of Orange County air Wednesday nights on Bravo.
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