Barbara Corcoran, an author and entrepreneur, is known for her role as an investor in Shark Tank, and she has a net worth of $100 million, according to Celebrity Net Worth. Barbara is the founder of The Corcoran Group, a New York real estate company that sold for $66 million. She was featured in all 13 seasons of Shark Tank and has completed 80 trades, the largest of which was a $350,000 investment in Coverplay. Barbara has a $3.5 million condominium in Park Avenue and a $10 million penthouse in Avenue. She will now appear in season 14 of Shark Tank. Barbara has the lowest power of all sharks.
Barbara Corcoran started her million dollar business with a $1000 loan.
Corcoran grew up in New Jersey with nine siblings and a father who often changed jobs. Barbara has dyslexia and has admitted to having a hard time at school. She failed numerous classes in her freshman year and attended Leonia High School, where she earned a D. Corcoran in 1971. 23. Barbara’s boyfriend offered her a job at a real estate agency, but she preferred to be her own boss. So, after a $1000 loan from her partner, she founded The Corcoran-Simonè in 1973.
The 73-year-old investor continued to work as a receptionist for the Giffuni Brothers’ real estate company. She broke up with her lover after seven years when he announced his intention to marry her secretary. She chose to start her own real estate company, The Corcoran Group, which is today the most reputable real estate agency in the region. In 2001, she sold her company to NRT for $66 million.
Barbara is the author of Shark Tales: How I Turned a $1,000 Investment into a Billion-Dollar Business! and Nextville: great places to live your life. She also hosts the Business Unusual with Barbara Corcoran podcast. She also co-hosts The Millionaire Broker on CNBC with Barbara Corcoran. Barbara also appears as herself on the 2013 show Drop Dead Diva and participated in Dancing with the Stars season 25 with Keo Motsepe. Barbara’s Shark Tank agreements included 22 collaborations with other sharks and an additional 22 contracts that went beyond stock terms, such as royalties, contingencies and lines of credit. HireSanta, Ski-Z and Fidgetland are among the companies she has invested in.
Her most substantial investment in the program was a $350,000 purchase of a 40% stake in a company called CoverPlay. The company’s net worth is now $2.3 million. CoverPLay makes washable covers for children’s playgrounds. Shark Tank is a unique business reality program in which entrepreneurs from across the United States make an investment in their business and seek advice from experienced business tycoons. Barbara is expected to close additional trades during Shark Tank Season 14. The new season begins on ABC September 23 at 8 p.m. ET.