Lori Greiner is an entrepreneur, inventor, author and investor. Greiner is best known for starring on ABC's Shark Tank, where she invests in emerging businesses. She has built a business empire and is an intellectual property expert with 120 patents. Lori is also the CEO of For Your Ease Only, Inc. Lori Greiner's net worth is $150 million, making her the fifth-richest cast member on “Shark Tank.”
| Name: | Lori Greiner |
|---|---|
| net worth: | US$150 million |
| Annual income: | $6.2 million |
| Source of wealth: | Start-ups and inventions |
| husband: | Daniel Greiner |
early life
Greiner was born in Chicago, Illinois and grew up on the Near North Side. Her father, a real estate developer, and her mother, a psychologist, divorced when she was nine.
Lori went to Loyola University Chicago to study film, communications and journalism. During college, she sold jewelry as a side job to fund her studies.
As a student, she worked briefly as a playwright and as a reporter for the local daily newspaper, the Chicago Tribune. However, Lori is more passionate about creating products and building businesses.
how she got rich
In 1996, Lori invented a plastic earring storage box. Initially, she just wanted to use the idea to help herself, but she took out a $300,000 loan to create a prototype that she could sell through retail channels.
It was a risky move, but one that ultimately paid off. Department store chain JC Penney eventually bought the item, which helped her pay off her credit line within eighteen months. Her business continues to grow as her products are featured in Bed, Bath and Beyond stores and on home shopping networks. By 2000, her sales reached $10 million.
media career
When she first appeared on the shopping channel, she sold more than 2,500 earring storage boxes in two minutes. After seeing her potential on screen, Lowry went to the television network QVC to expand her advertising efforts.
Her show, Clever & Unique Creations, became the channel's longest-running show, which is why she's known as the “Queen of QVC.” “Clever & Unique Creations” ran for 11 seasons but has been discontinued.
She joined the cast of “Shark Tank” in 2012 and is also a member of the spin-off series “Beyond the Tank”. In addition to her reality show, she also published a book called Invent It, Sell It, Bank It!
Net assets and earnings
Lori Greiner is arguably Shark Tank's most successful investor and has made more money on the show than Mark Cuban. In 2014, she invested in Scrub Daddy, a cleaning product with $926 million in sales.
It's hard to figure out how much money she makes from Scrub Daddy since it's a private company, but her 20% stake is likely lower. Squatty Potty is another lucrative deal, having racked up $222 million in sales since Shark Tank and was acquired by Aterian for $31.1 million.
According to Variety, Lori Greiner earns $50,000 for one episode of “Shark Tank.” Depending on the number of episodes, she is expected to earn more than $1 million per season. In addition, Lori has sold more than 1,000 profitable products and holds 120 patents. Additionally, she works in book sales and owns For Your Ease Only, Inc. All her pursuits have brought her a fortune of $150 million.
personal life
The successful businesswoman married Daniel Greiner in 2010 and they live in Chicago but have no children. Daniel is the Chief Financial Officer of For Your Ease Only, Inc and has an estimated net worth of $50 million.
Categories: Shark Tank
Source: svlsf.edu.vn