Lori Greiner Net Worth 2021 – Bio, Wiki, Shark Tank, Husband, How She Made Her Money

What would you do with $110 Million in the bank? I’m sure you wouldn’t struggle to find many ways to spend that kind of cash, and still have tons leftover. 

Well, guess what; This is what Lori Greiner’s net worth is this year, $110 Million!

This “Shark with a heart”, as she is known, has managed to help her “Sharks” hit a billion dollars in sales by March 2020!

She has invented and created over 700 different types of products, and of these, she holds 120 patents!

How did this remarkable magnate make her money? What was her rise to fame? And who is she exactly? Let’s take a closer look at this superb Shark.

 

Lori Greiner – Quick Facts

Full Name:

Lori Greiner

Date of Birth:

9 December 1969 (51 years old)

Husband:

Dan Greiner

Kids:

None

Occupation:

Investor, TV Personality, Inventor, Entrepreneur

Nationality:

American

Lives:

Chicago, USA

 

How Does Lori Greiner’s Net Worth Compare To Other Sharks?

Shark

Networth

Mark Cuban

$4.1 billion

Kevin O’Leary

$400 million

Kevin Harrington

$450 million

Daymond John

$300 million

Robert Herjavec

$200 million

Lori Greiner

$110 million

Barbara Corcoran

$80 million

 

Lori’s Early Life & Bio

Greiner was born on the 9th of December in beautiful, green Illinois. Lori luckily had quite a good life whilst growing up.

She is the second child in her family and does have siblings, but unfortunately, the internet is very quiet about this part of her life, and we couldn’t find more information about the rest of her family.

She came from a well off family; her mom was a psychologist, and her dad was in real estate. Sadly though, her parents got divorced when she was only nine years old. Having a mom as a psychologist must have helped with hard emotions because this never stopped her from becoming a financial success.

She grew up in Chicago, and this was also where she went to University. Whist at Uni she worked for the Chicago Tribune, as she loved journalism. Greiner also wrote some plays during her university days.

 

Where and What Did She Study?

As mentioned above, she studied in Chicago at Loyola University.

She majored in Communications, which served her well through her life, as it helped her develop lasting skills for future business endeavours.

As mentioned above, she also focused on journalism, film, TV production and even dabbled in activism whilst at varsity.

 

How Did Lori Begin Her Career?

This is what you have been waiting for! How did this “warm-blooded Shark” make her millions? The best part about reading about someone else’s success is that it gives us the tools, or inspiration that we might need to create our own wealth. 

The way Greiner started out was with something that she was passionate about. She started by selling jewellery during university, and this led her to create the Jewellery Box. She had to borrow some money initially to get her idea off the ground, but this wasn’t an issue because she was able to pay off $300 000 within 18 months, due to the growth of her business.

Unexpectedly her ideas were appreciated, and JC Penney, an American department store, bought her first Jewellery Box prototype. Her jewellery box held a plastic organiser for earrings, and it was able to store 100 pairs! She patented her idea and had no clue how well her newly made business would do.

Due to earring sales, her net worth had increased dramatically within two years; This might seem like a long time, but remember that most businesses take on average between 3 and 5 years to make a profit. Therefore this was a significant achievement!

She has now patented many ideas and has invented things ranging from household items, jewellery storage, and cosmetic organisers.

Greiner then expanded her business by showcasing her inventions on The Home Shopping Network and then to QVCtv. She also launched a show called Clever and Unique Creations in 2000.

 

Lori Greiner On Shark Tank

From inventions and Jewellery Box sales, how did Lori end up on Shark Tank?

Lori joined Shark Tank in 2012 during its 4th season but had a guest appearance during season 3.

According to Sharkalytics, she has made 61 deals across 78 episodes. She has listened to over 311 pitches and has invested in 20% of these entrepreneurs.

Twenty-seven of her deals out of the 61 have been made with other Sharks on the show.

Amazingly her investments have a 90% success rate; this is quite remarkable considering that not all Shark Tank investments become million-dollar successes.

 

What Businesses Has She Invested In On Shark Tank?

As mentioned above, she has invested in 61 businesses during the course of the show.

In this section, we will discuss her most significant investments.

Scrub Daddy

If you are looking for a non-toxic, household sponge that doesn’t scratch and is dishwasher safe, then have a look at Scrub Daddy.

This company has made $209,8 Million in sales in just seven years. She invested $200 000 in the business for a 20% share.

 

Squatty Potty

The Squatty Potty is an interesting invention. It is a toilet that helps you sit in a natural squatting position, which is apparently great for your health and posture.

Sitting in a squatting position is scientifically proven to help you poop better.

Greiner invested $350 000 for 10% ownership rights. To date, Squatty Potty has made $164 Million in sales within five years since their pitch on Shark Tank.

 

EverlyWell

Imagine being able to test for certain illnesses at home; This is what EverylyWell has done.

You can test for things such as STD’s, food sensitivities, and even Covid-19.

The results are physician-reviewed, and you can get your results within a few days.

This brilliant business is swimming in money and has sold $300 million worth of product within only three years; This has been one of Shark Tanks most successful companies.

 

Simply Fit Boards

Simply Fit Boards have been created to be fun, easy to use and lightweight exercise board. It helps tone abs, your core and legs and has also been shown to improve posture. She invested $125 000 for 25% of the company. Simply Fit Boards have also been one of the most successful businesses on Shark Tank.

 

What’s Greiner’s Personal Life Like?

Lori and her husband Dan Greiner live together in Chicago. She met him whilst studying at university. Interestingly they met at a bar and got married shortly after they both graduated. They have been together ever since and are said to have a great marriage.

Most couples don’t do well working together, but this is not the case for these two love birds. It is said that Dan has always supported Lori in her endeavours, and they even share the same office.

They don’t have any children. Unfortunately, they seem to be entirely private about their home; therefore, we couldn’t find pictures or in-depth information about their residence.

If you would like to follow Lori on Instagram, please click here.

 

What Is Lori’s Secret To Success?

Lori has gracefully given her followers tons of tips to success! One such gift is a book that she has written called Invent It! Sell It! Bank It! – Make your million dollar idea into a reality! In this book, Lori shares how to get a new business off the ground and turn it into a million-dollar success. 

Besides this, she has many inspirational quotes, which can get the new entrepreneur excited to start their own business. Please see some of her most famous quotes below.

 

  • “Dear optimist, pessimist, and realist – while you guys were busy arguing about the glass of wine, I drank it! Sincerely, the opportunist.”

 

  • “When I had challenges, it taught me to be more on top of it for the future. Things go wrong all the time when you are running your own business, but it’s how you perceive it and deal with it that matters.”

 

  • “A brilliant idea doesn’t guarantee a successful invention. Real magic comes from a brilliant idea combined with willpower, tenacity, and a willingness to make mistakes.”

 

  • “Entrepreneurship is the way we take control of our lives in a tough economy.”

 

Her last quote is probably a favourite for many, especially during the hard times we have all faced during 2020.

 

In Conclusion

Lori Greiner’s story is really inspirational in the sense that she took something that she loved, and found a solution to storage problems.

Her brilliant mind has helped her invent many products that people use today.

The best part, though is that she has helped so many budding entrepreneurs grow in their ideas. What a remarkable woman!