Full Disclosure On Mary-Kate Olsen’s Early Acting Career, Fashion Empire and Divorce From Sarkozy

It’s not every day that you find actors who started their career at nine months old. In most cases, these baby stars simply grow up to find their passions in other fields. But for Mary-Kate Olsen, she grew up to pursue a career in front of the cameras, though not exactly as an actress.

The popular TV sitcom in which Mary-Kate made a name in is known as Full House and she appeared as Michelle Tanner, the youngest member of the Tanner family. In 2012, the former child star moved over to the fashion business. She is now co-owner of the big fashion franchise known as The Olsen Twins.

Early Life Of Mary-Kate Olsen And Road To Fame

The petite TV star was born on June 13, 1986, in Sherman Oaks, California. Mary-Kate Olsen comes from a relatively large family. She has three siblings; her twin sister Ashley Olsen, an older brother named Trent, and a younger sister called Elizabeth. From her dad’s second marriage, she has two half-siblings named Taylor and Jake.

Her sister Elizabeth followed in her footstep. She became a Hollywood superstar after getting her big break in 2011 when she starred in the drama Martha Marcy May Marlene for which she earned several award nominations. Mary-Kate attended Campbell Hall School in Los Angeles and later enrolled in the New York University’s Gallatin School of Individualized Study.

Mary-Kate Olsen and Ashley Olsen image source

Mary-Kate Has Always Shared The Spotlight With Her Twin

As a baby, her acting career took off alongside her twin sister Ashley Olsen, sharing the role of Michelle Tanner in the sitcom Full House which aired from 1987-1995. Created by Jeff Franklin for ABC, the show centred around the life of a widowed father Danny Tanner who gets his brother-in-law Jesse Katsopolis and best friend Joey Gladstone to help raise his daughters.

In 1992, at the age of six, Mary-Kate Olsen and her twin sister featured in the Christmas film, To Grandmother’s House We Go. They followed that up in subsequent years with roles in the children’s film Double, Double, Toil, and Trouble in 1993, How the West Was Fun in 1994, It Takes Two (1995), and Billboard Dad in 1998. That same year, they appeared on the American sitcom Two of a Kind where Mary played a 12-year-old tomboy Mary-Kate Burke.

Mary and her twin were executive producers of the film Passport to Paris in 1999 in which both played leading roles. They followed that up with performances in Switching Goals (1999), Winning London (2001), and Holiday in the Sun (2001).

When Mary-Kate turned 18 in 2004, she became joint-CEO of Dualstar Entertainment Group, alongside her twin sister Ashley. The company was initially formed in 1993 as a production company to help the sisters manage and grow their interests in entertainment. The company was positioned to produced movies, TV shows, magazines, and video games.

The period between 2000 to 2006 saw Mary-Kate’s popularity soar, especially among teenagers who saw her and her sister as celebrities they could relate with. After appearing in the romantic comedy, New York Minute Kate switched her focus to the business world.

She Retired From Acting To Build A Multi-Million Dollar Fashion Business

When you get into a profession as a toddler, you pretty much earn the right to retire at 25. With the rise in their popularity among teenagers and the skyrocketing demand for their merchandise, Mary-Kate and Ashley focused squarely on the fashion side of the game. They expanded into other ventures, including fragrance, designing furniture, fashion dolls, and opening their own retail store.

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Through her Dualstar Entertainment Group, she floated clothing line ‘Elizabeth and James’ and the couture label, ‘The Row’. As the business grew, they brought in industry veteran Diane Reichenberger as CEO to run the brand on a day to day basis.  Reichenberger, with a great record and experience with working at top brands such as Gap, Levi Strauss, Joe Boxer, and L.A. Gear, has played a vital role in establishing the brand as a top player in the industry.

The fashion line has a presence in over 15 countries. The company makes between $100 million and $200 million a year in sales. As far back as 2007, Forbes listed Mary-Kate on Fortune’s list of the richest people under age 40. They were named among Forbes 30 under 30: All-Star Alumni list in 2017. She has a net worth of $250 million

Mary-Kate Olsen Was Married To Oliver Sarkozy

Mary-Kate Olsen and husband Oliver Sarkozy: image source

Mary-Kate Olsen started dating Oliver Sarkozy in 2012. Oliver is the half-brother of former French President, Nicolas Sarkozy. The two dated for three years before walking down the aisle in 2015. It was a low-key ceremony that catered for 50 of their closest family members and friends.

From the get-go of their relationship, Oliver who fell deeply in love with his wife wanted to marry her as quickly as he could. However, Mary-Kate refused to rush things but agreed to live with her beau in a $13.5 million Townhouse they both took up in Manhattan. The house offered a rooftop swimming pool, a working elevator, a private garden with a fountain, an artist studio, and a hall of mirrors.

Oliver Sarkozy is a French investment banker. He was born on May 26, 1969, which means he is 17 years older than Mary-Kate. The French financier has an M.A in Medieval History from the University of St Andrews. He is the Managing Director and co-head of Global Financial Services firm, The Carlyle Group which has over $150 billion under its management. Oliver’s marriage to Mary-Kate Olsen is not his first, he was married to Charlotte Bernard for 14 years. The man parted with his first wife in 2010 after two children.

The Real Reason Mary-Kate’s Marriage To Sarkozy Hit The Rocks

In May 2020, it became public knowledge that Mary-Kate Olsen had filed for divorce from Oliver Sarkozy. After almost 5 years as a couple, the union was coming to end. Olsen filed for divorce in April and after being turned down because of coronavirus restrictions, a few weeks later, Sarkozy representatives emailed Olsen’s lawyers, asking her to check out of their Manhattan home by May 18.

As a result of the pandemic and the resulting slow pace of non-essential activities, their divorce proceedings are more or less in a deadlock. But, for all intents and purposes, the marriage is over. With her relationship strained, she has moved in with her sister while her lawyers handle the resulting deadlock. Sources close to the couple say Sarkozy got fed up with her busy schedule and her seeming inability to make sufficient time for the family due to her business engagement that kept her shuttling between Paris and New York. They didn’t have any kids together.

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Chuck Dez
Chuck is a personal finance and entertainment writer with over 15 years of experience covering famous biographies, personal finance, celebrity net worth, and celebrity lifestyles. He loves the process of researching new information, discovering and learning new things, as well as putting into words, interesting things others might like to read. When he's not talking about the future of media, business or entertainment, you'll find him watching films, reading or spending time with his wife and kids

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