Credit: CNBC
Highlights
- Barbara Cocoran has been a constant panelist on Shark Tank since its first season.
- Her most successful investments include The Comfy, Pipcorn, and Cousins Maine Lobster.
- Scroll through to find out where Barbara stands in the wealth list of Shark Tank judges.
The real estate queen Barbara Corcoran needs no introduction today. Having appeared in different Shark Tank seasons since its debut, she has built a unique place for herself amongst the viewers. But do you know the answer to ‘Barbara Corcoran net worth?’
Let us walk through the life and career journey of the 75-year-old business veteran and find out details concerning her fortune.
What is Barbara’s Net Worth?
The total fortune of Barbara Corcoran cannot be attributed to a single mode of earning. Just like her diverse portfolio, which presents her as a business veteran, investor, and writer, the contributors to her net worth are also diverse.
She was called upon to join the debut season of Shark Tank due to her strong foothold in the real estate vertical. Her earnings per episode include $50K.
Apart from this, she has presented her writing prowess by penning down features for different magazines and newspapers. Additionally, she has proven her writing caliber by authoring ‘Nextville: Amazing Places to Live Your Life’ and ‘Shark Tales: How I Turned $1000 into a Billion Dollar Business.’
Barbara also holds many podcast-hosting projects to her credit, such as ‘The Millionaire Broker with Barbara Corcoran’ and ‘888-Barbara.’
All of these things mentioned above have collectively enabled her to amass a large fortune of $100 million.
Barbara’s Shark Tank Endeavors
With numerous deals made in a variety of businesses, Barbara Corcoran has built her unique presence as an investor on the show.
Being a regular investor on the show since its first season, Barbara has invested in 53 businesses to date. But in its long history of fifteen years, her biggest investment was for Coverplay. Barbara invested $350K for 40% equity in this company selling washable slipcovers.
With a value reaching over $5 million, she has made the maximum investments in consumer-based verticals, including food, fashion, and lifestyle. Out of them all, she has often claimed that her most successful investment to date is The Comfy, in which she invested $50K for a 30% equity stake.
The Comfy received immense love of consumers after its appearance on Shark Tank. With bulk orders, the business became huge and Barbara earned around $480 million with this single deal.
Some of her other profitable investments on the show include Pipcorn, Grace and Lace, and Cousins Maine Lobster. By 2024, Pipcorn made an annual revenue of $12 million. Whereas, Grace and Lace and Cousins Maine Lobster earned a lifetime revenue of $50 million and $85 million by 2024 and 2023, respectively.
Barbara’s Road Towards Glory
The huge Barbara Corcoran net worth cannot be attributed to her Shark Tank success only. It has stemmed out of her years of struggle and hardships throughout her real estate journey and more.
Barbara’s life history is the perfect example of ‘rags to riches.’ Born the second of ten children to her parents in New Jersey, she was diagnosed with dyslexia at a young age. Somehow, she managed to pass out of high school with an average grade point of D.
She pursued her further studies at Thomas Aquinas College. Barbara completed college in 1971 with a degree in education and started working as a teacher.
Her Entrepreneurial Beginnings
Barbara’s teaching job didn’t last for long. She switched her career graph and soon started working in a real estate company as a receptionist. Since then, she has switched to around 20 jobs. This experience motivated her to start her own business.
She found support in her then-boyfriend Ray Simone, who offered her a loan of $1,000 and pushed her to explore the real estate market. This is how the Corcoran-Simone firm came into existence.
While Ray offered the much-required loan to the business, Barbara did all the essential groundwork that could have helped the business establish a strong foothold in the NYC real-estate arena.
Furthermore, during the 1970s, Barbara started writing about the New York City real estate trends in ‘The Corcoran Report,’ a newsletter.
The Establishment of ‘The Corcoran Group’
Barbara and Ray split after seven years of their relationship, but the former managed to keep the control of the company to herself. As a result, the ‘Corcoran-Simone’ business was renamed to ‘The Corcoran Group.’
In 2001, Barbara sold her business for a staggering amount of $66 million.
Barbara’s Personal and Real Estate Milestones
The massive Barbara Corcoran net worth is a testament to her standout entrepreneurial spirit, which is much more than her small screen endeavors. Motivated by the same, she has often shown the world glimpses of her lavish lifestyle.
Her Manhattan apartment is valued at a huge amount of $13 million. Apart from this, she owns a mobile home worth $1 million in the Pacific Palisades.
To Conclude
The career shift of Barbara Corcoran from being an entrepreneur to now investing in businesses of aspiring entrepreneurs has motivated many to follow their dreams. Over the years, she has encountered numerous personal battles, including dyslexia to finally finding her ultimate passion in real estate.
The huge $100 million Barbara Corcoran net worth might appear the lowest amongst all the judges, but it demonstrates her eye for identifying businesses that succeed in the long run. Her story is the perfect example of unmatched grit that holds the potential to combat any obstacle.
References
1. Salaries of TV’s Top Talent Revealed, Variety
Entrepreneur, auteur, raconteur. Rob Merlino is a blogger and writer who enjoys the Shark Tank TV show and Hot Dogs. A father of five who freelances in a variety of publications, Rob has a stable of websites including Shark Tank Blog, Hot Dog Stories, Rob Merlino.com and more.
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