|Net Worth:||$150 million|
|Profession/Career:||Businesswoman, Investor, Shark|
|YouTube Channel:||Barbara Corcoran (@BarbaraCorcoranOfficial)|
|College:||St. Thomas Aquinas College|
|Full Name:||Barbara Ann Corcoran|
|Date of Birth:||March 10, 1949|
|Place of Birth:||Edgewater, New Jersey|
Frequently Associated With
Who is Barbara Corcoran?
Barbara Corcoran is a prominent American businesswoman, investor, speaker, consultant, syndicated columnist, and television personality. She was born on March 10, 1949, in Edgewater, New Jersey.
Corcoran is probably best known for her appearance on the television show “Shark Tank,” where she is one of the “sharks” who evaluate pitches from entrepreneurs and decide whether to invest in their businesses. Her savvy and insightful commentary, combined with her knack for identifying potentially successful investments, has made her a fan favorite.
Before her TV fame, Corcoran built a successful career in real estate. She co-founded the Corcoran Group, a real estate brokerage firm in New York City, in 1973. She turned it into one of the city’s leading real estate companies, which she later sold for $66 million in 2001.
In addition to her work on “Shark Tank” and in real estate, Corcoran has written several books, has worked as a columnist for various publications, and is a popular speaker on the topic of entrepreneurship. Despite her many business successes, she is known for her down-to-earth personality and her ability to connect with audiences.
Barbara Corcoran’s Net Worth
Barbara Corcoran’s net worth is estimated to be around $100 million.
What we know:
- Barbara Corcoran was given a loan of $1,000 to start the Corcoran Group, which eventually sold for $66 million. This served as the initial seed money that helped Barbara’s estimated net worth grow to the $100 million it is today.
- Barbara makes $500k per episode of Shark Tank. There have been over 300 episodes of Shark Tank.
- She has invested over $5.4 million on the show.
- Her largest deal was $350k invested in Coverplay for 40% of the business.
- She has made over 50 deals on the show, with almost half of them in partnership with another Shark.
- She turned $50k of her own money into $468 million by investing in 30% of The Comfy business with Brian and Michael Speciale.
- She gets ongoing royalties from two books that she’s written, “Shark Tales: How I Turned $1,000 into a Billion Dollar Business” and “Use What You’ve Got, and Other Business Lessons I Learned from My Mom.”
- Barbara has left Shark Tank. Reason is unknown and speculative at this time.
Barbara Corcoran’s Early Life and Childhood
Barbara Corcoran was born on March 10, 1949, in Edgewater, New Jersey. She was one of ten children in a working-class Irish Catholic family. Her father, Edwin W. Corcoran Jr., worked as a printing press foreman, and her mother was a homemaker.
Her early life was marked by economic struggles, but it was also where she developed her determination and entrepreneurial spirit. She had dyslexia and struggled academically in school but learned to compensate for her learning difficulties with her interpersonal skills and natural business acumen.
Corcoran has often mentioned that her mother’s influence was a big factor in her success. Her mother, despite not having a business background, taught her many valuable lessons about life and work ethic. These lessons included how to think creatively, work hard, and not be afraid of taking risks, which would serve her well in her future career.
After high school, she moved on to college at St. Thomas Aquinas College, graduating in 1971 with a degree in education. After graduating, she held a variety of jobs, including a brief stint as a teacher, before venturing into the real estate business.
Barbara Corcoran’s Homes
In 2001, she purchased a 2,700-square-foot apartment in a co-op building on Park Avenue for $3.5 million.
In 2015, she acquired a penthouse unit on Fifth Avenue for $10 million.
She also owns a double-wide trailer home in California with ocean views, which she purchased for $800,000.