Originally posted on April 12, 2019 @ 7:55 am
Best known as an investor in ABC’s popular reality show Shark Tank, Lori Greiner is an American inventor, entrepreneur and a television personality. Born in a middle-class family on December 9, 1969, in Illinois, Lori Greiner spent most of her childhood in Chicago. His father was into real estate while his mother was a psychologist.
After high school, Lori Greiner went to Loyola University in Chicago. She pursued communications as her major while taking an interest in journalism, film, and television. Apart from academics, Lori Greiner had interests in jewelry making. In her free time, she practiced on the art of jewelry making and started a side business of selling jewelry.
Subsequently, this skill of Lori Greiner later made her millions of dollars in net worth.
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Lori Greiner Net Worth in 2021
Lori Greiner has made multiple sources of revenue for herself. She earns huge from her show on TV, her numerous investments through her show Shark Tank and also from the Shark Tank itself. She also has an autobiography. The estimated net worth of the TV tycoon is around $50 million, all combined from her multiple sources.
House and car details
Lori Greiner is very secretive regarding her family life and her salary or net worth. According to sources, she owns a luxurious home in Exton, Pennsylvania. The cost of the house is considered to be around $600,000, while she holds a Mercedes SLS AMG of more than $220,000.
Who is Lori Greiner? Her career information
Lori Greiner’s insatiable thirst for building things from scratch helped her build hundreds of patents and innovative design. During her graduation, she would sell jewelry that she made herself. Lori Greiner had then the idea of creating a box for storing jewelry that could fit up to 100 pairs of earrings.
According to the sources, Lori Greiner then took a huge risk with a $300,000 loan to work on the prototype and to set up her company. Luckily the prototype worked out, and she was able to amass around one million dollars in revenue within a year. She had then no looked back.
Since then she has worked on hundreds of products and is still going strong. Lori Greiner’s net worth is something to look out. Over the years she has amassed loads of money and is still going strong.
Lori Greiner’s journey in the business world started with the success of her earrings holder. She then began her own business called – “Clever and Unique Creations by Lori.”
The show is displayed on QVC and sells various items through it. While most of them are the creations of her, she also sells items of companies she has invested in it. Her show has been running from the last 20 years, and hence she is popularly known as the “Queen of QVC.” The products on sale range from kitchen tools to home products and lighting systems.
In 2012, Lori Greiner was asked to be a part of a TV reality show named “Shark Tank.” The show involved around entrepreneurship where the “sharks” made investments in young entrepreneurs. Lori too made numerous investments in companies that fit her portfolio. Some of the notable investments of the shark are the Scrub Daddy and the CordaRoy.
Scrub Daddy (a scratch-free sponge) sold around 2 million units on her show QVC day one and has been able to sell at least 17 million units through QVC alone. The sales skyrocketed, earning over $100 million in revenue. Her efforts to write “Invent It, Sell It, Bank It” was amazing and was a big hit as well.
Lori Greiner’s other popular investment was in CordaRoy. The company makes beanbag beds and has made sales of over $10 million. Lori Greiner’s reach in the QVC world has helped many of her investments to reach a large pool of audience instantly through her favorite show. Her investments on the right product made her net worth skyrocket heights unimaginable.
Quick info Table
|$50 million (estimated)
|9th December 1969