According to Celebrity Net Worth, author and businesswoman Barbara Corcoran, who gained notoriety as a Shark Tank investor, has a net worth of $100 million.
The Corcoran Group, a real estate company in New York that was sold for $66 million, was founded by Barbara. She has appeared on all 13 seasons of Shark Tank and completed 80 deals, with a $350,000 investment in Coverplay being the largest.
Barbara owns a $10 million Avenue penthouse as well as a $3.5 million Park Avenue condo. She will now make an appearance on Shark Tank Season 14. Of all the sharks, Barbara has the lowest net worth.
With nine other siblings and a father who frequently shifted occupations, Corcoran was raised in New Jersey. Barbara has dyslexia and admits she has academic difficulties. She attended Leonia High School and obtained a D there after failing many classes during her freshman year.
In 1971, Corcoran earned a teaching degree from St. Thomas Aquinas College. Before the age of 23, Barbara Corcoran acknowledged having had more than 20 jobs. Although Barbara’s partner suggested she take a position with a real estate company, she opted to work for herself. She co-founded The Corcoran-Simonè in 1973 as a result, using a $1000 loan from her spouse.
The 73-year-old investor kept her job as the Giffuni Brothers’ real estate company’s receptionist. After seven years, she ended her relationship with him when he declared his plan to wed her secretary.
She decided to launch The Corcoran Group, which is currently the most well-known real estate brokerage company in the region, as her own real estate company. She sold her business to NRT for $66 million in 2001.
Barbara is the author of Nextville: Amazing Places to Live Your Life and Shark Tales: How I Turned a $1,000 Investment into a Billion-Dollar Business! Additionally, she hosts the podcast Business Unusual with Barbara Corcoran.
Along with Barbara Corcoran, she co-hosts The Millionaire Broker on CNBC. In addition, Barbara appeared in Drop Dead Diva (2013) as herself and took part in Dancing with the Stars Season 25 with Keo Motsepe.
22 agreements Barbara made in the Shark Tank involved working with other sharks, and another 22 had terms other than stock, like royalties, contingencies, and lines of credit. She has made investments in several businesses, including HireSanta, Ski-Z, and Fidgetland.
Her largest investment in the program totaled $350,000, which she used to buy a 40% interest in the company CoverPlay. The current net worth of the business is $2.3 million. Children’s play yards can have washable covers made by CoverPLay.
A unique business reality program called Shark Tank has entrepreneurs from all across the country endorsing investments in their businesses and seeking advice from seasoned business titans. Throughout Shark Tank Season 14, Barbara is anticipated to complete more deals. On September 23 at 8 p.m. ET, ABC will premiere the new season.
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