Lori Greiner Net Worth (2024)
Lifestyle | Bio | Facts [UPDATED]
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Lori Greiner Net Worth, Biography & Lifestyle: Known as the “Queen of QVC,” Lori Greiner is a prolific investor, inventor, entrepreneur, and TV personality from Chicago. She has a net worth of $150 million.
We researched a lot and now, we’re here to present to you all about Lori Greiner’s Net Worth. We’ll also be looking at:
It’s an inspiring career – my favorite part is her determination to get up and pursue her dream even after a setback. Read on to find out how she did it.
Table of Contents
Get ready to take some notes…
Let’s start…
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<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/07/Lori-Greiner-Net-Worth-01.webp" alt="Lori Greiner" ></a>Lori Greiner has created over 700 products and holds over 120 US and international patents. She is a well-known investor, inventor, and entrepreneur. She appears as an investor on the American business reality TV series “Shark Tank” and “Beyond the Tank.”
Here comes the story of her beginnings…
She originally wanted to be a journalist, so she studied at Loyola University Chicago. She also worked as an intern on The Chicago Tribune.
But her life changed course, and a path to another career opened because of her passion for jewelry.
In college, she was already a jewelry designer. One evening she and her a friend were agonizing over what a nightmare jewelry boxes are, then – bam!
The idea of the plastic earring organizer was born.
In 1997, she decided to turn that idea into a reality…
She took a $300,000 loan to make a prototype of the plastic organizer that could store 100 earrings neatly. J.C.Penney picked it up before the holiday season, and it was a huge hit. Eventually, Greiner sold her other products there, too.
Then, she decided to pitch her product to QVC, but they rejected it. That didn’t stop her, though, because she turned to QVC’s rival – Home Shopping Network.
And what a shocking event that was…
… within two minutes of her first appearance on Home Shopping Network, she sold 2,500 earring organizers. It was sold out in an instant! The success following that allowed her to pay off her loan within eighteen months.
A year after, she transitioned to QVC and sold even more products, even having her program. It is called “Clever and Unique Creations by Lori Greiner.”
Now, she is the “Queen of QVC.”
ABC’s Shark Tank
Greiner received an offer to appear on Shark Tank’s first season and agreed to do it. However, she backed out after her mother passed away. In 2012, Greiner joined Shark Tank season three to replace Barbara Corcoran on four episodes. Ever since then, she became a permanent investor on the show.
Her treatment of the entrepreneurs who present their business ideas on the show earned her nicknames: the “warm-blooded shark” or the “shark with a heart.” She hosts the show with fellow sharks Kevin O’Leary, Barbara Corcoran, Daymond John, Robert Herjavec, and Mark Cuban.
Check Out Her Book: Invent It, Sell It, Bank It!: Make Your Million-Dollar Idea into a Reality.
| Profession: Television personality, investor, inventor, and entrepreneur |
| Net Worth: $150 Million |
| Date of Birth: 1969-12-09 (His age now is 54.) |
| Eye Colour: Blue |
| Zodiac Sign: Sagittarius |
| Favorite Food: egg-white omelet, usually with mushrooms and cheese |
| Place of Birth: Chicago, Illinois, USA |
| Language: English, Spanish |
| Current Occupation: investor, inventor, and entrepreneur |
| Nationality: American |
The Queen of QVC currently has a $150 million net worth!
Lori Greiner Net Worth By Year
| Year | Earnings $ |
| 2018 | $80 Million |
| 2019 | $100 Million |
| 2020 | $130 Million |
| 2021 | $150 Million |
Invent It, Sell It, Bank It!: Make Your Million-Dollar Idea into a Reality
This book was published on March 11, 2014. It’s based on her entrepreneurial journey.
Lori Greiner Ultimate Cosmetic Organizer Case (Purple)
This organizer case is one of her products.
Shark Tank Jump Start Your Business: How to Launch and Grow a Business from Concept to Cash
This is the Kindle edition of this book, of which she is a co-author.
Scrub Daddy Sponge Set – Colors – Scratch-Free Sponges for Dishes and Home, Odor Resistant, Soft in Warm Water, Firm in Cold, Deep Cleaning, Dishwasher Safe, Multi-use, Functional, Ergonomic, 3ct
She invested these texture-changing household sponge on Shark Tank. Greiner sold millions of it in a day.
Squatty Potty The Original Toilet Stool – Bamboo Flip, 7″ & 9″ Height, Brown
This is product is one of her investments.
The Sleep Styler – As Seen on Shark Tank – Heat Free Curlers. Includes 8 Mini (3 Inch) Rollers (Blue)
This product is one of her investments.
Simply Fit Board Workout Mat Official As Seen On TV, Black
This product is one of her investments.
Greiner invests her money on the products she approved of on Shark Tank.
One of her notable investments is with Scrub Daddy, for the pitch of texture-changing household sponge. She invested $200,000 for 40% equity. It became one of the most successful products in Shark Tank history as more than two million sponges were sold in a day on QVC.
Some of her early Shark Tank investments include FiberFix, Bantam Bagels, Bug Bite Thing, Paint Brush Cover, Sleep Styler, and Simply Fit Board. She also uses her money for her company For Your Ease Only, which focuses on product development and marketing.
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<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/07/Lori-Greiner-Net-Worth-04.webp" alt="Lori Greiner" ></a>Early life: Lori Greiner was born in Chicago, Illinois, and grew up in the Near North Side. She lived an upper-middle-class life thanks to her mother being a psychologist while her father, a real estate developer. Her parents divorced when she was nine years old.
However, before that, they set an important example for her…
… that is earning a living from their own business instead of becoming an employee. With that, she learned to live her life independently.
She entered Loyola University Chicago and majored in communications, focusing on journalism, film, and television. She worked for The Chicago Tribune for her internship. For a while, she worked as a playwright and sold jewelry before she produced her first product.
Lori Greiner Family & Relationships
Daniel Greiner – Husband
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<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/07/Lori-Greiner-Net-Worth-02.webp" alt="Lori Greiner" ></a>She and Dan Greiner met at Kincade Lincoln Park Bar and Grill. They started dating in 2000. Six years later, he quit his job as an assistant controller and joined her company. He’s now the Vice President and Chief Financial Officer for For Your Ease Only.
They got married in 2010.
On one of Shark Tank season 11’s episodes, Greiner publicly showed and voiced her displeasure when Dr. Sarath Malepati presented ECZ Pak, his line of immune support pills. She accused him of ignoring her and focusing only on the male investors.
She was offended because the entrepreneur wasn’t looking at her even if she was the one talking to him, so Greiner clearly said she wouldn’t make a deal.
Kevin O’Leary ended up being the one who invested in the doctor’s product. He later tweeted in defense of Malepati and included Malepati’s apology for her.
In 2015, an inside “Shark Tank” fight happened over the smartphone app Scholly. While it usually takes around one hour before the sharks could decide whether to take a deal or not, Greiner made an offer just 10 minutes after Christopher Gray’s business presentation.
Cuban, Herjavec, and O’Leary became frustrated because they wanted to hear more about it, but she was aggressive. Daymond John eventually joined her to offer a deal, and they ended up splitting the deal 50-50.
She told Gray he should decide already, or she’s out. He took the deal.
The other sharks were frustrated because they thought that Greiner and John didn’t understand what they were doing. They accused both of them of offering the deal out of pity.
Greiner and John maintained that pity was not the reason they offered the deal and that it was because of the potential they saw in Scholly.
Greiner spends her money investing in various products she approves of on the TV show “Shark Tank” and on managing her company For Your Ease Only.
Lori Greiner Houses
Lori and Dan Greiner live in a 2-bedroom, 2-bathroom condo in the Gold Coast area of Chicago. The estimated price of their home is $672000.
They also have a house in Philadelphia near the QVC headquarters.
Lori Greiner Car
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<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/07/Lori-Greiner-Net-Worth-03.webp" alt="Lori Greiner" ></a>Lori Greiner owns a Mercedes ALS AMG with a base price of $200,000.
- Don’t be afraid to take risks.
- Don’t let failures stop you.
- Be wise in where you invest your money.
- Don’t forget to pay back your loans.
- Help the community however you can.
Top 3 Quote From Lori Greiner
Frequently Asked Questions (FAQs)
How Much Did Lori Make On Scrub Daddy?
Scrub Daddy sold more than $200 million.
Who is the richest shark among the Shark Tank members?
Mark Cuban is the richest shark tank member with a $4.3 Billion net worth. The others’ net worths are as follows: $200 million (Robert Herjavec), $150 million (Lori Greiner), and $100 million (Barbara Corcoran).
Does Lori From Shark Tank Have kids?
No, she doesn’t have kids.
Conclusion: Lori Greiner Net Worth and Biography
Were you able to take some notes? Lori Greiner’s life isn’t just notable because of her net worth but also because of her kind heart and determination to help others.
When a person is burning with passion for something, you just can’t help but cheer for them. I’m definitely looking forward to her future work!
I hope you enjoyed this article – you might also want to check out her fellow shark – Kevin O’Leary – Bio and Vital Stats, here on Bounce Mojo.
Check Out Her Book: Invent It, Sell It, Bank It!: Make Your Million-Dollar Idea into a Reality.
Put The Bounce In Your Mojo Today!
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