Martha Nelson Thomas had a net worth of $1 million as a founder of Cabbage Patch Kids. Martha was a folk artist.
Thomas designed her Doll Babies in 1971 as an experiment while she was a student. The dolls sell for $30 to $150 at that time.
The entrepreneur used to sell handmade dolls at craft fairs across Louisville, Kentucky. The 80s toy had a lot of craze in the market, which earned success among kids and adults. It was expensive for people after the dolls became in high demand worldwide.
Thomas met Xavier Roberts during craft fairs in 1976, and he offered to supply those dolls to him and sell them in Georgia in his residence. Briefly, the entrepreneur sold Doll Babies to Roberts, and he created his version after modifying Thomas's look and adopted prices ranging from $60 to $1,000.
As a result, Thomas filed a lawsuit against the supplier, and she desired $1 million from Roberts for her damages. However, the case had settled in court for an unknown amount. The dolls had become popular in the market even though they had to join the nine-month waiting list to buy the Cabbage Patch Kids.
He even licensed the dolls in 1982 and named them Cabbage Patch Kids. Roberts sold The Little People in the arts and crafts show and Babyland General Hospital. The Cabbage Patch branded merchandise gained $2,000,000,000 in sales of 3.2 million dolls in 1984 in retail sales across Europe, Japan, North America, New Zealand, and Australia.
Thomas had sold through Fibre-Craft, allowing the client to sew their dolls on her original Doll Babies. Her Doll Babies prize was around $16. She made the toys based on her children's drawings. They sell the creations at local craft fairs.
At that time, the Cabbage Patch Kid retailing price was $25, and in the illegal market, the dolls sold for $2,000. Some dolls, including Baldies and Red Fuzzies, cost around $100 and pre-Cabbage Patch Xavier Roberts crafts cost $1000.
ncG1vNJzZmilma2ypa3RraCcpJVjsLC5jqaYq6yYlnqvscuspqdlpJ28rq3SZq6oqqSd