Have you ever wondered what the net worth of Lori Greiner is? “A brilliant idea doesn’t guarantee a successful invention. The real magic comes from a brilliant idea combined with willpower, tenacity, and a willingness to make mistakes.” This is the persistent mentality Shark Tank mogul Lori Greiner used to become a multimillionaire. The queen of QVC made a name for herself with an unwavering determination to reach financial freedom.
For those who don’t know, Lori Greiner is an American TV personality and entrepreneur. Hailing from the North Side of Chicago, she is most famous for her role as a “shark” on ABC’s smash-hit reality show, Shark Tank.
Fans of Shark Tank widely refer to Lori Greiner as “The Queen of QVC.” This comes from her thoughtful approach to business decisions as well as her expertise with selling and advertising products through “QVC.” QVC was an American free-to-air television network and flagship shopping channel specializing in televised home shopping that the Qurate Retail Group owns.
As of 2021, the net worth of Lori Greiner is a whopping $150 million! In this post, we’ll show you how the famous TV personality built her massive fortune.
Lori Greiner was born on December 9th, 1969, and grew up in North Side, Chicago, where she attended Loyola University Chicago as a Communications Major. Greiner worked for the Chicago Tribune before a brief stint as a playwright and jewelry designer in college.
She amassed her enormous wealth after creating and patenting a plastic earring organizer in 1996, which then got picked up by J.C. Penney. She used the profit from this deal to pay off her $300,000 student loans.
Net Worth of Lori Greiner After QVC & Shark Tank
Following her success with J.C. Penney, Lori Greiner pushed her business to television and media. Eventually, Home Shopping Network and Bed, Bath, and Beyond featured her product.
From there, Greiner finally moved on to QVC, where she started Clever and Unique Creations, one of the network’s most successful and long-running shows.
In 2012, Greiner joined Daymond John, Kevin O’Leary, Mark Cuban, Robert Herjavec, and Barbara Corcoran on ABC’s Shark Tank. She is famous on the show for sniffing out potential QVC smash hits.
Her most successful investment was in the “Scrub Daddy,” widely viewed as one of Shark Tank’s best deals in the show’s history. The Scrub Daddy is a texture-changing household sponge that simplifies cleaning. In 2014, Greiner sold over 2 million Scrub Daddies on QVC. By 2016, The Scrub Daddy eclipsed $100 million in sales.
Lori Greiner has made a habit of investing in simple, fun, easy-to-use items on the show. A few examples are The Squatty Potty, Simply Fit Board, and the Sleep Styler. These types of items are the bread and butter of channels like QVC.
To date, Scrub Daddy, the Simply Fit Board, and the Sleep Styler are some of Shark Tank’s biggest successes.
Invent It, Sell It, Bank It! Make Your Million Dollar Idea Into a Reality
In 2014, Lori Greiner published her first and only book: “Invent It, Sell It, Bank It! Make Your Million Dollar Idea Into a Reality.”
Google Books lists the books as a hands-on, nuts-and-bolts guide to getting a new product or company off the ground and making it profitable. “As Greiner shares her secret formula and personal stories, she provides vital information and advice on topics that can often intimidate, frustrate, and stump aspiring entrepreneurs.” Among other things, Lori’s book promises the following:
- Turn your idea into a reality.
- Become your own boss.
- Make your first million.
- Achieve financial freedom.
Lori Greiner Net Worth 2021
As of 2021, the net worth of Lori Greiner is $150 million. Her supporters know her as one of the savviest investors of her generation. She has a multitude of routines that have allowed her to become a productive, money-making machine. This includes exercising before going to bed at 2 am because it puts her to sleep. While on the treadmill, she typically watches the shows she has recorded. Some of her favorites include Empire, Bloodline, and House of Cards.
Lori Greiner brings in about $5 million per year from her business, For Your Ease Only, and from her earnings on Shark Tank. She earns $1.2 million per season of Shark Tank and $50,000 per episode.
Outside of her massive net worth, Lori also cares deeply about giving back. Over the course of her career, she’s partnered with Charitybuzz to raise over $100,000 to some of her favorite charity organizations. Some of these include The Trevor Project and the Chicago Police Memorial Foundation.
Lori Greiner Famous Quotes
“I’ve achieved a certain amount of success, and now I’m thinking about the good things I can do.” -Lori Greiner
“I think people don’t like when you’re not confident about what you’re pitching, and they don’t want to invest in you or get behind you.” -Lori Greiner
“I always recommend, if you can, to patent or protect whatever your idea is. If you can’t, you have to make your best judgment. Sometimes people don’t get anywhere because they sit on something, so afraid to reveal it. And yet, in the reverse, sometimes if you expose something too widely, you can risk losing it.” -Lori Greiner
“In business, it is most often all about getting your foot in the door and once you do, everything opens up and things start to naturally progress into bigger and more opportunities.” -Lori Greiner
“I’ve been making products for so long, I have a gut feel for what is right – what will work and what won’t. I can tell instantly if it’s a hero or a zero.” -Lori Greiner
Quotes via BrainyQuote
- Persevere: Lori Greiner is a firm believer in persistence. One of her most famous quotes is “There are no no’s, just how can I. You can attain any goal you set out to accomplish. The power of believing in yourself and perseverance goes a long way! There’s always a solution to every challenge.”
- Enjoy the freedom of being an entrepreneur: Lori Greiner once said that she rolls out of bed whenever she wants and gets to work immediately. This is obviously different from the typical advice you hear from entrepreneurs. But rather than for you to start waking up at 1 pm every day, her advice is to enjoy the freedom that comes with being an entrepreneur. Its a lifestyle that allows you to enjoy your schedule, and life for what it can be.
- Know your value: Lori Greiner often talks about playing your hand the correct way. In other words, don’t show your ideas to people too overtly and too soon. Sad as it is, there are evil people in this world and will taje credit for your hard work. Knowing your value and having confidence in it will ensure that your brilliant ideas are protected.