The American entrepreneur, investor, and Edgewater author, Barbara Ann Corcoran, is a self-made millionaire and business mogul who started in the 1970s as a real estate agent. She has become a well-known investor on ABC’s Shark Tank, making millions of dollars for herself and her fellow investors.
But how much is Barbara Corcoran’s net worth? Barbara Corcoran’s net worth is estimated at $100 million. Given her business success, it’s no surprise that Barbara’s net worth is so high. This makes her one of the wealthiest entrepreneurs on Shark Tank and one of the richest women in New Jersey. But how did she reach this level of success? Let’s take a closer look at Barbara Corcoran’s net worth and the story behind her fortune.
Early Life and Education of Barbara Corcoran
Born on March 1949, Barbara Corcoran was born in Edgewater, New Jersey. She was one of 10 children, and her parents were both entrepreneurs. As a young girl, Barbara’s family-which included nine siblings-struggled to make ends meet.
Barbara was identified as having dyslexia while she was a St. Cecilia High School student. Her academic performance decreased as a result; therefore, she moved to Leonia High School.
At a young age, Barbara was determined to make something of herself. She earned a scholarship to attend New York University, where she studied business and education. However, she dropped out after only one year as she knew that real estate would be her path to success.
Corcoran has been married to Bill Higgins since 1988. Tom, the couple’s first child, was born in 1994. Additionally, they have Kate, an adopted daughter. The family lives in Manhattan, New York City.
In addition to being a successful businesswoman and investor, Barbara also serves as an active philanthropist. She regularly supports causes such as the Special Olympics and other charities that support disadvantaged people.
After she graduated, Barbara and Ray Simone, her boyfriend, co-founded The Corcoran Simone, a real estate firm. Barbara started by cold calling and sending out massive letters to New York City apartment building owners.
She rented her first apartment at 23 years old, giving her the confidence she needed to keep going. Barbara realized she could make money by selling real estate and founding a business, so she began investing in property herself.
When she started, Barbara was not afraid to take risks. She invested in foreclosed buildings, and her business grew quickly as a result of her creative strategies.
⭐Shark Tank Fame
In 2009, Barbara starred on the hit ABC show Shark Tank-a reality TV series where entrepreneurs pitch their business ideas to investors in hopes of gaining funding and support. Barbara was one of the show’s original investors, and she has since become a fan favorite.
Since appearing on Shark Tank, Barbara has invested in many successful companies, and on the show, Corcoran appeared with entrepreneurs like Mark Cuban, Daymond John, Lori Greiner, and Robert Herjavec. Barbara has built a reputation as an incredibly savvy investor and is famous for her outrageous personality.
Additionally, Corcoran writes columns for The Redbook, The Daily Review, and More Magazine. She has authored many books and appeared on several programs, including Larry King Live.
In addition, Barbara publishes a weekly real estate article for the New York Daily News and contributes to The Millionaire Broker with Barbara Corcoran on CNBC and NBC’s Today show.
In her column, she provides readers with valuable insights into business and entrepreneurship.
⭐Contributor to Real Estate Market
As the founder of The Corcoran Group, she has helped countless people buy and sell the property. She has also become a popular contributor to real estate news and analysis in recent years. Then, as a commentator, she offers her unique insights into the market, sharing her experiences and observations with her audience.
As a result, she has become an invaluable resource for those looking to stay up-to-date on the latest trends in real estate. Barbara Corcoran has helped make the real estate world more accessible and understandable for everyone, thanks to her contributions.
Barbara Corcoran’s Net Worth and Other Sources of Income
As mentioned earlier, Barbara Corcoran is a successful businesswoman and investor. According to the latest estimates, her net worth stands at $100 million, making her one of the richest people on television.
Aside from being an entrepreneur and investor, Barbara also earns money from various other sources, which include:
💸TV Show Appearance
As a regular on the ABC hit show Shark Tank, Barbara earns significant money from her TV appearances. She has starred in other shows, such as The Millionaire Broker with Barbara Corcoran on CNBC and NBC’s Today show. In addition, Barbara publishes a weekly real estate article for the New York Daily News.
Each Shark Tank episode presumably brings in $500,000 for Barbara Corcoran. Additionally, she has profited from investments she secured while filming the program.
As an author, Barbara Corcoran has published many books that have made her rich. These include “Shark Tales”, “Amazing Places to Live Your Life”, and “If You Don’t Have Big Breasts, Put Ribbons on Your Pigtails”. She has also co-authored books with her partner and son.
Corcoran has earned a substantial income from her books. For example, the book “If You Don’t Have Big Breasts, Put Ribbons on Your Pigtails” sold over 100,000 copies and reportedly bought Barbara more than $2 million in royalties.
💸Speaker & Consultant
In addition to all these ventures, Barbara Corcoran is a sought-after speaker and consultant. She is regularly invited to speak at events, conventions, and conferences around the world. Additionally, she provides consulting services for companies that want to scale their businesses or learn more about the real estate market.
Apart from all these sources of income, Barbara Corcoran also makes a considerable amount of money from her various endorsement deals. The most prominent brands, including Toyota, American Express, Amazon, Aflac, UPS, and Microsoft, have leveraged Barbara’s endorsement.
|The Daily Review|
|Larry King Live|
|The Millionaire Broker on CNBC|
Barbara Corcoran Success Lessons
Anyone who has watched Shark Tank knows that Barbara Corcoran is a force to be reckoned with. In addition to being a highly successful businesswoman, she is also known for her frankness and advice. Here are five of Barbara Corcoran’s success lessons to help anyone achieve their goals.
- Corcoran stresses the importance of asking questions. She believes that asking for help is not a sign of weakness but strength.
- She believes that grades do matter-but so does motivation. Motivated students are more likely to succeed, regardless of their grades.
- Corcoran believes that everyone deserves to be heard. This includes employees, customers, and even yourself.
- Barbara believes that each failure is fuel for the fire. Instead of dwelling on your mistakes, learn from them and use them to motivate you to succeed.
- Finally, Corcoran believes you won’t know what you’re made of until you face a struggle. Only through struggle can we truly grow and learn from our experiences.
Frequently Asked Questions
How did Barbara Corcoran make her money?
Barbara made her fortune in the real estate industry. She founded The Corcoran Group in 1973 and sold the company for $66 million in 2001. She has also invested in a number of successful businesses through her appearances on Shark Tank.
How did Barbara Corcoran become successful?
After graduating from college, Barbara started her first business – a tiny real estate office in New York City with just $1,000. From there, she grew her business steadily over the next two decades into one of the most successful real estate companies in New York City. In 2001, she sold The Corcoran Group for $66 million.
How did Barbara Corcoran get on Shark Tank?
In 2009, Barbara was approached by the producers of Shark Tank and asked to be a shark on the show. She initially turned them down, but after thinking about it for a few days, she accepted their offer. She’s been a shark on Shark Tank since its debut in 2009 and is currently one of the show’s most popular sharks.
What is Barbara Corcoran’s advice for aspiring entrepreneurs?
Barbara recommends that aspiring entrepreneurs start by developing a strong support network. This includes friends, family, and mentors who can help you build your business from the ground up. She also advises starting small and taking risks when possible – even if it means failing sometimes.
What property does Barbara Corcoran own?
When asked what Barbara Corcoran owns, it is clear she has a lot on her plate. While she no longer stars on Shark Tank, she continues to be a part of the show as an advisor and investor. In addition to her real estate business, she also owns a marketing company and a women’s clothing line. She is also a frequent contributor to Forbes and other business publications.
As Barbara Corcoran continues to be a force in the business world, there is no doubt that she will continue to add to her list of accomplishments. Her $100 million net worth and her continued success as a self-made millionaire prove that she has what it takes to achieve any goal she sets for herself. Barbara Corcoran is certainly one person to look up to if you’re looking for inspiration and advice on how to succeed in business.
Are you interested to know the net worth of the other shark tank stars? Check out our article on Lori Greiner’s net worth here. And check back every week for more tips and updates on popular entrepreneurs!