Credit: Fox Business
Highlights
- The massive fortune of Robert Herjavec has reached a huge value of $300 million.
- Robert began his journey working for multiple jobs, including as a waiter and newspaper seller.
- With a fortune worth millions, he owns plush properties across the USA and Canada.
All Shark Tank judges have played a crucial role in taking the show’s popularity to new heights. Robert Herjavec has been charming the viewers with his business excellence and niche expertise in the tech domain. If you, too, are a fan, keep reading to learn interesting facts about his hefty fortune.
Considered one of the most insightful panelists on the show, he has built an exemplary reputation by guiding entrepreneurs and securing exciting deals. Have a look at his net worth:
Net Worth of Robert Herjavec
Decades of experience in the business and entrepreneurial space have allowed Robert to set up and lead numerous ventures. The Croatian-Canadian entrepreneur and business veteran has also been an active panelist on the widely famous Shark Tank since its debut.
All of his key deals on Shark Tank, combined with his other ventures, including Herjavec Group, have contributed to Robert Herjavec’s huge fortune, which is $300 million.
Regarding his Shark Tank endeavor, Robert has invested over $16 million, including famous names like Tipsy Elves and Happy Feet.
A Breakdown of Robert Herjavec Net Worth
The staggering Robert Herjavec net worth is not the result of just a single mode of earning. Instead, he has made it to glory with his wise business decisions that go beyond industries. From impressive deals on Shark Tank to intelligent real estate investments, below mentioned are complete details about his fortune.
Shark Tank Deals that Contributed to Robert Herjavec Net Worth
In 2009, Robert Herjavec started his journey on the acclaimed entrepreneurial show. Since then, he has enticed viewers with his calm personality and exceptional negotiation skills. Below mentioned are two such investments that offered him with the most returns:
1. Tipsy Elves
The entrepreneurs Evan Mendelsohn and Nick Morton went to the judges seeking $100K for 10% equity in their business. Tipsy Elves was a bizarrely unique Christmas outfit range created for the holiday season.
The brand offers many clothing products, including a Hanukkah sweater, a Reindeer matchmaker jumpsuit, an Elf sweater, and a bucktooth Rudolph sweater, in quirky designs.
The only Sharks to show interest were Kevin O’Leary and Robert Herjavec. Kevin offered a royalty deal, which the entrepreneurs didn’t like much. So they finalized the deal with Robert for $100K at 10% equity.
Tipsy Elves was a breakthrough moment in Robert’s Shark Tank journey, and he has even admitted this in many interviews. As of 2023, the company’s lifetime sales stood at $317 million.
2. Happy Feet
Happy Feet was brought to the Sharks by Pat Yates in one of its earliest seasons. Seeking a huge amount of $375K for a 15% equity in the slipper company, the entrepreneur drew the attention of the judges towards the product’s features.
The slippers had an oversized pattern and were available in a wide variety of colors and themes, including ‘animal slippers.’ Each product had already met the licensing requirements as per the NBA, MLB, NFL, and NCAA. Additionally, sales were made through his website and Amazon.
Kevin O’Leary and Lori Greiner proposed a joint offer of $375K for 30% equity. Although initially stepping out of the deal, Robert Herjavec made a comeback and offered $375K for 30% as well. After a counteroffer from Pat, Robert locked the deal at $375K for 25%.
This investment helped Robert derive massive amounts of money, as the company currently earns $5 million in annual revenue.
A Closer Look At Robert Herjavec’s Beginnings
Robert came from an economically weak family that migrated to Canada from Croatia when he was just eight. To assist his parents, he went on to work quite early and donned many roles, such as a waiter and newspaper boy.
He tried his luck as an AD in the film industry but kept looking for new opportunities due to uneven working schedules and low pay. After some job scouting, he bagged the role of a salesman in Logiquest, where he sold computer equipment.
Robert’s commitment to his work allowed him to reach the position of General Manager in the company. But his entrepreneurial hunch compelled him to leave Logiquest in 1990 and establish an internet security software company, BRAK Systems. He sold the business for $30 million in 2000.
After taking a small break, Robert set up ‘The Herjavec Group’ in 2003. This aspirational venture, which specialized in IT security, became highly successful in the coming years.
Additional Ventures of Robert Herjavec
Although Robert Herjavec hails from the tech and cybersecurity domain, he has always expanded his business knowledge and used it through practical approaches. This can be said because of his notable investments in different arenas, including real estate and cars.
Real Estate
Robert owns numerous properties across the USA and Canada. In 2000, he purchased a huge mansion in Toronto Called The Birdie Path for a whopping $7.5. Later, Robert sold the expensive home for $17.4 million in 2020.
Apart from this, he sold another high-priced plot in Hidden Hills, California, for $17.5 million. Robert bought it two years back for $14.6 million. In the same year, he had invested $34.5 million in a condominium in New York.
Following this, he jumped higher on the real estate ladder by buying another property in California. Located in Hidden Hills, this impressive mansion was bought by Robert in 2023 for $26 million.
Cars
An avid car enthusiast, Robert owns many cars, including the Lamborghini Aventador SV Roadster. He also has the 1958 Porsche 356 and the 1971 Ferrari Daytona in his collections.
In A Nutshell
The huge Robert Herjavec net worth is a testament to his perseverance and determination. Even from an economically weak background, he forayed towards success with his astute business ventures.
Be it his Shark Tank journey or multiple other ventures across domains, Robert has often displayed his zest for new things and deep understanding of the business and entrepreneurial realm.
References
1. Shakalytics
2. The new list of best-selling ‘Shark Tank’ products of all time, USA Today, Gary Levin
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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