Barbara Ann Corcoran is a successful businesswoman, real estate investor, columnist, author and television personality who has appeared as a judge on several shows, including “Shark Tank.”
This waitress-turned-entrepreneur has become an inspiration for many. Barbara Corcoran Net Worth as of 2022 is estimated to be somewhere around $100 million. She made her mark in the real estate industry, and from there, she spread her network, and today is counted among the most successful women entrepreneurs.
She is also a fierce woman who taught the world that age is just a number, as she was 60 years old when she appeared in the pilot episode of ABC’s Shark tank (First Season). She captured her knowledge in her book ‘Shark Tales: How I Turned $1,000 into a Billion Dollar Business!’, which was loved by people globally.
Net Worth of Barbara Corcoran 2022
|Net Worth||$100 Million|
|Yearly Income||$24 Million|
|DOB||10 March 1949|
|Country of Birth||Edgewater, New Jersey|
|Source of Wealth||Investments, Shark Tank, Real Estate|
|Honorable Mentions/ Awards||Nominated: Outstanding Host for a Reality or Reality-Competition Program (ABC’s Shark Tank)|
|Relationship Status||Married (Spouse: Bill Higgins)|
|Brand Endorsements||Paycom, Amazon, American Express, Canon, Microsoft, OnDeck, Toyota, Zebit, etc.|
|Most Expensive Things Bought||$10 million Penthouse, an expensive Gucci Dress|
|Social Media Followers||Instagram: barbaracorcoran (815k Followers)|
Twitter: @BarbaraCorcoran (742.2k Followers)
Facebook: Barbara Corcoran (527k Followers)
This 73-year-old is the founder of The Corcoran Group. She is also among the Executive producers on Shark Tank. Her life was a little tough at the beginning, pretty mediocre to say. But she never let that get in her way.
Barbara today has invested in more than 80 businesses to date. She is a real estate mogul and business expert who started a real estate agency with just $1000 and later went on to sell the same company for a whopping $66 million. She is a powerful speaker and has been motivating aspiring individuals to soar to great heights.
She even appeared in the 25th season of “Dancing with the Stars.” Sadly, she was the first one to leave the show that season. Corcoran has been writing features and articles for popular magazines and newspapers, such as the New York Daily News.
You can even visit her official website to know more about her dealings and get entrepreneurial advice and have the honor of getting her to be your agent: https://www.barbaracorcoran.com/
Barbara Corcoran Early Life
Barbara Corcoran was the second born out of 10 children born to an Irish-Catholic family. Life for Corcoran was somewhat challenging, as her mother, Florence, was a housewife. Her father, Edwin W. Corcoran Jr., did not have a stable job.
She has even seen times of poverty and, on some days, had to survive on free food provided by a friendly local grocer. Barbara recalls scenes of domestic violence, and the victim was her mother. Her father, at times on alcohol, would treat Florence with disrespect.
Corcoran was not a very bright student and therefore had trouble coping with studies. She discovered later that she had dyslexia, which is a learning disorder that majorly involves difficulty in reading and understanding words.
Initially, she got admission to a local Catholic elementary school and then later shifted to St. Cecilia High School in Englewood, New Jersey. With a performance far from excellence during her freshman year, she somehow graduated as a D student later from Leonia High School.
Barbara graduated from St. Thomas Aquinas College in 1971 with a degree in education, but the score this time was much better comparatively.
Barbara Corcoran Career
After graduation, she taught at a school. This first job continued for a year or so, she was almost over 20. She had shifted a total of 20 jobs until she turned 23. Then came the life-turning point of her life.
While working as a waitress, her then-boyfriend convinced her to start working for a real estate company. From there, she must have gotten the focus and aim of her life. But it wasn’t until 1973 that she co-founded ‘The Corcoran-Simon’, her very first real-estate company with her boyfriend with a loan of $1000.
And she did this while working as a receptionist for a real estate company in New York City, the Giffuni Brothers‘. Years later, she and her boyfriend split up because he decided to marry her secretary.
That led to the building of her very own firm, The Corcoran Group. And this business of hers saw great success, Corcoran later sold her business to NRT for a massive price of $66 million in 2001.
Barbara Corcoran Professional success
From being labeled the ‘Dumb kid‘ to becoming something so noteworthy, the story of Barbara Corcoran is genuinely inspiring. She first appeared on Shark Tank in 2001 and has amassed an enormous fan base as a Shark Tank investor since then.
Corcoran has invested a total worth of $5,460,000 until now, and the biggest one of these investments was $350,000 for ‘Coverplay’. Her official site says she has turned her “partners into overnight millionaires.”
She has even appeared on Dancing with the Stars in Season 25 as a contestant with her Shark Tank co-host, Robert Herjavic. Along with these, her books and podcasts have added significant wealth to her overall net worth.
As for her recent projects, Barbara paired up with Alex Rodriguez to hunt and capture off-market rental properties in New York City. Alex is a major league baseball legend who later became a real estate investor. This information is based on an article published by Forbes in 2019.
Highlights of Barbara Corcoran’s Professional Career
Net Worth: How Much is Barbara Corcoran Worth?
Barbara Corcoran’s net worth is estimated at $100 million. Her monthly income is assumed to be around $24 Million. Her biggest investment was $350,000, which she made for a 40% stake in Coverplay, a company that today has a net worth of $2.3 million. In 2001, after she sold her real estate firm, The Corcoran Group, she starred as a co-host on the world-renowned entrepreneurial and business show Shark Tank.
Along with other sharks, which included Lori Greiner, Robert Herjavec, Mark Cuban, Kevin O’Leary, and Daymond John, Corcoran has taken amateur businesses to great heights. She will be appearing on the next season of shark tank, no doubt regarding that.
According to reports, she has invested a total amount of $5,460,000 in the show, and the value is scattered in over 80 different companies and businesses. She goes for the pitches in which she sees high potential and sheer hunger for success.
Controversies: Scandals from the journey of Barbara Corcoran!
Barbara can be classified as a simpleton, which is very assumable as the circumstances she rose from were pretty harsh. There is no dramatic incident that might have happened to Barbara Corcoran, which was brought to the notice of the public eye.
There was an email scam that included money laundering worth $380,000 that Barbara had almost fallen for. As shocking as it sounds, it is true. The business expert and real-estate dealer was tricked by a fraudster who used an address very similar to that of Barbara’s assistant.
The email preserved within itself a fake invoice from FFH Concept GmbH that demanded $380,000 for a certain real estate deal. Nothing was out of the blue, this was something Corcoran had to deal with daily, So she wired in the money from her account.
The credit for saving her from this excessive loss of money goes to her bookkeeper and assistant, who discovered the problem before things could have gone out of hand. But Barbara’s reaction to this was a bit different, she said, “I was upset at first, but then remembered it was only money.”
Lessons to learn from Barbara Corcoran
Failures are your greatest assets: Failures are said to be the stepping stone to success. It is what teaches you the biggest and most meaningful lessons of life. You might not achieve a trophy when you fail, but you gain a thing above all, experience. Barbara knows why it is the most essential asset of all.
Problem solving or passion following: Barbara says that problem solving is more important than following your passion. And in the sense of the words, she is not wrong. Problem-solving is a skill that one must master. Not all of us are born with a silver spoon in our mouths, so when you embark on the journey to the top, problems are the only best friend you will face.
Not taking “NO” as an answer: Corcoran did receive an invitation from Shark Tank, but later something made the producers change their minds. They wanted to hire a Big-breasted young woman instead of her, which is how things work in the film industry. But then, with a witty email, she informed the producers that this rejection might be good for her as failures have always been. She told them to have both the ladies and to look for themselves to whom the position suits best. Never let rejection stop you.
Overcome your insecurity: She mentions that it was not the tough business deals that held her back but her insecurity. And therefore, learning from her and many others, insecurity is something you should give up at the earliest. Thinking you are not good enough is just an excuse and stop beating yourself over it. Burst that bubble of self-doubt and just go achieve what you have always wanted, the world is your oyster.
Investment Advice: Corcoran made her name as a real estate investor and a judge on “Shark Tank.” Her business-related advice on the show is precious. She does not look for a huge return on investment but for a company that has potential for growth and expansion. She urges potential investors to look for businesses with strong management teams, solid products, and innovative ideas.
Charitable works and Donations
The growth of small businesses is rapid, but not all of these companies are well supported. Some lack finances, whereas, for some, planning is an issue. So with proper guidance, the industry of start-up and small-scale companies will soon flourish.
And that is why in 2018, American Express partnered with Amazon to bring Amazon Business American Express Card, a business credit card option that will surely enhance your way of doing business. This enables business professionals to fund their purchases with their credit cards, giving them more time and security.
And to serve as a spokesperson for their new credit option, the team recruited Shark Tank’s, Barbara Corcoran. Barbara being from a business background and an investor herself knows how to deal with and convince companies. Thus, earning the new idea a great deal of attention.
What are the most expensive things owned by Mrs. Corcoran?
This millionaire does not hesitate to live a luxurious lifestyle, for which, in 2001, Barbara purchased a 2,700-square-foot apartment in a co-op building located at one of the hottest spots of the city, Park Avenue. The worth of this dream house is estimated to be around $3.5 million.
The real estate tycoon also bought a penthouse unit situated on Fifth Avenue in 2015 for a heavy price of $10 million. She even mentioned that she regrets buying a 3000$ Gucci Dress.
For her 70th birthday, which was just 2 years back, she hosted a mock funeral. As for her favorites, she loves skiing and the beaches. She currently resides in Manhattan with her husband and kids.
Top FAQs on Barbara Corcoran Net Worth
Who is Barbara Corcoran’s husband?
Barbara married Bill Higgins in 1998, a former CBI agent and a retired navy officer. Bill participated in the Gulf War that took place in 1990.
Which company did Barbara Corcoran own?
Corcoran initially co-founded ‘The Corcoran-Simonè’ in 1973, but later, when the couple split up, she converted it to ‘The Corcoran Group.’ She sold her business to NRT in 2001 for an extensive check of $66 million.
How many children does Barbara have?
Tom and Kate are two children of Barbara. Tom was born in 1994 via In-vitro Fertilization. The egg for the procedure was donated by her sister Florence. Kate is her adopted daughter who suffers from ADD.
Final Words: An inspiring story of a self-made woman!
The real Estate Business is an ever-growing industry, and this American businesswoman has been in the game and acing it for quite some time. Barbara Corcoran has earned a lot of money from her real estate investments, but she is not done yet.
She has a current net worth of $100 Million, and with her future being associated with multiple networks and companies, her net worth is sure to grow significantly.
As one of the judges on “Shark Tank,” she has offered valuable advice to many aspiring entrepreneurs. As a role model for many, she even urges people who have not yet entered the business world to not be afraid to take risks.
Corcoran has earned her millions through hard work, perseverance, and dedication. She has also given back to the community through charity work and mentoring those who one day wish to stand where she stands today.