Barbara Corcoran, an author, and entrepreneur, is well-known for her role as an investor on Shark Tank, and she has a net worth of $100 million as of February 2024, according to Celebrity Net Worth. Barbara is the founder of The Corcoran Group, a New York real estate firm that was sold for $66 million. She has featured on all 13 seasons of Shark Tank and has closed 80 transactions, the largest of which being a $350,000 investment in Coverplay. Barbara has a $3.5 million Park Avenue condominium and a $10 million Avenue penthouse. She will now appear on Season 14 of Shark Tank. Barbara has the lowest net worth of any shark.
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Barbara Corcoran began her million-dollar company with a $1000 loan.
Corcoran was raised in New Jersey with nine siblings and a father who changed jobs often. Barbara has dyslexia and has acknowledged struggling in school. She failed numerous subjects her freshman year and went to Leonia High School, where she received a D. Corcoran graduated from St. Thomas Aquinas College with a degree in teaching in 1971. Barbara Corcoran admitted to having worked more than 20 jobs before the age of 23. Barbara’s boyfriend offered her a job with a real estate firm, but she preferred to be her own boss. So, following a $1000 loan from her partner, she co-founded The Corcoran-Simonè in 1973.
The 73-year-old investor continued to work as a receptionist for the Giffuni Brothers’ real estate firm. 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 business, The Corcoran Group, which is today the most renowned real estate brokerage firm in the area. 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: Amazing Places to Live Your Life. She also presents 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 another 22 contracts that went beyond equity terms, such as royalties, contingencies, and lines of credit. HireSanta, Ski-Z, and Fidgetland are among the firms in which she has invested.
Her most substantial investment in the program was a $350,000 purchase of a 40% stake in a firm named CoverPlay. The company’s net value is now $2.3 million. CoverPLay manufactures washable coverings for children’s play yards. Shark Tank is a one-of-a-kind business reality program in which entrepreneurs from throughout the United States vouch for an investment in their companies and seek guidance from seasoned business moguls. Barbara is expected to close additional transactions during Shark Tank Season 14. The new season starts on ABC on September 23 at 8 p.m. ET.
