ABC’s Shark Tank is a reality show where entrepreneurs pitch their businesses to investors in hopes of striking a deal. These “Shark Tanks” are self-made millionaires who made their fortunes by starting businesses ranging from IT companies to clothing brands. Given the show’s high ratings, fans are eager to know which “Shark Tank” is the richest.
Shark Tank Cast Net Worth
1. Mark Cuban – $5.4 billion
Mark Cuban is the only billionaire in the group, which makes him a major “Shark.” He is the co-founder of 2929 Entertainment and the former owner of the Dallas Mavericks. Cuban also co-owns Magnolia Picture and Landmark Theaters.
After graduation, Cuban worked at Mellon Bank in machines and networks. Despite being penniless at the age of 27, Mark later became a millionaire by selling MicroSolutions for $6 million. The Dallas native netted $2 million (after taxes) from the deal.
Cuban broke into the big leagues during the dot-com bubble by selling Broadcast.com to Yahoo for $5.7 billion. The savvy entrepreneur acquired 14.6 million shares of Yahoo and used put options to protect his investment. In 2023, Cuban sold the Mavericks for more than $4 billion, according to Forbes. That’s why he’s worth $5.4 billion.
2. Kevin O’Leary – $400 million
Kevin O’Leary first appeared on Dragons’ Den Canada and has been on Shark Tank since Season 1! Mr. Wonderful is a successful businessman with a big ego and a penchant for franchise deals!
His mother, a business executive and savvy investor who kept her portfolio secret, believed that investing a third of her income was a smart move, advice Kevin still follows today.
In 1986, Kevin co-founded software company SoftKey Software Products, later renamed The Learning Company. O’Leary expanded the business by acquiring competitors and eventually sold SoftKey to Mattel in 1999 for $4.2 billion. Business Week called it one of the “worst deals ever!” He has since been the host of several Canadian business talk shows. Now, as the second richest Shark, he has a net worth of $400 million.
3. Daymond John – $350 million
Daymond John is a motivational speaker and business mogul best known for co-founding the hip-hop apparel brand FUBU. Daymond served as CEO of FUBU from its inception until the brand entered the mainstream market.
Diamond began working at age 10 after his parents divorced. At 16, his mother took on a new partner, a lawyer, whom he considered a mentor. The young hustler worked for FUBU from home, and his mother taught him to sew. At its peak, FUBU had annual revenues of more than $350 million in 1998.
John has been on Shark Tank since the first season but hasn’t done many deals. Still, he did successfully invest in the clothing company Bombas, which went on to become one of Shark Tank’s most successful products.
John founded Blueprint and Co, a co-working facility, and the Daymond On Demand training program. His reputation as a shark helped him create a consulting firm, The Shark Group. Daymond’s wealth is as high as $350 million.
4. Robert Herjavec – $200 million
Robert Herjavec is the owner of the Herjavec Group, a well-known cybersecurity company. Before joining the cast of Shark Tank, he starred in the Canadian version of Dragons’ Den with Kevin O’Leary.
Robert’s family, Croatian immigrants, settled in Toronto when he was eight, and he worked several minimum-wage jobs in the 1990s to support his family.
Herjavec started out in film production and later switched to business, working for Logiquest and selling simulation boards. When Logiquest fired him, he started an Internet security software integrator.
Herjavec founded BRAK Systems in his basement and sold it to AT&T Canada for $30.2 million in 2000. Herjavec now runs IT service management company Cyderes. Despite having a fortune of $200 million, Robert still has to pay his ex-wife $150,000 a month in spousal and child support and $25 million in alimony.
5. Lori Greiner – $150 million
Greiner is an expert in consumer product branding and marketing. She is known as the “Queen of QVC” and has a knack for finding hot selling products. Lori Greiner is also the founder and CEO of For Your Ease Only, Inc.
Lori began her career as a playwright and sold jewelry on the side. In 1996, Greiner invented and patented the JC Penney plastic earring storage box. After Greiner’s product was featured on the Home Shopping Network, her business took off. This allowed her to pay off her $300,000 loan in 18 months!
This led to her joining QVC and producing the show “Smart and Unique Creations”, while Lori continued to design and patent products. Lori now holds over 120 patents.
Greiner joined Shark Tank in 2012 and is arguably one of the show’s most successful Shark Tanks. Scrub Daddy and Squatty Potty are two of her most successful deals, helping her amass a fortune of $150 million.
6. Barbara Corcoran – $100 million
Last but not least is Barbara Corcoran. Barbara founded The Corcoran Group, a real estate brokerage firm in 1973, which she sold in 2001 for $66 million. Corcoran struggled in school because she had dyslexia. Despite this, Barbara graduated from college with a degree in education and worked briefly as a teacher.
After a year at school, she quit and worked 20 different jobs. She then co-founded the Corcoran-Simonè agency with her ex-boyfriend, but after their breakup, she started her own business.
Barbara also earns additional income as a consultant, author, and speaker. Barbara has closed over 130 deals on the show, with her most successful investment being The Comfy. Cochran is a prudent investor with a net worth of $100 million.
Categories: Shark Tank
Source: svlsf.edu.vn