Lori Greiner Net Worth in 2023: How Much She Earn From “Shark Tank” (2024)

Lori Greiner, a well-known investor on ABC’s Shark Tank, has gained immense popularity for her personality and impressive list of inventions and patents. With over 1000 inventions and 120 product patents, she is considered a prolific inventor of retail products. Before her success on Shark Tank, Lori gained fame as “The Queen of QVC” for her show Clever & Unique Creations by Lori Greiner, which aired from 2000 to 2018.

Her consumer product inventions span various categories such as travel, household, electronics, cosmetics, and jewelry organization. Her business acumen, sharp instincts, and ability to identify products consumers love has resulted in her building a multi-million-dollar empire.

In addition to her success as an inventor and entrepreneur, Lori is known for her philanthropic efforts and her desire to help other entrepreneurs succeed. This article explores Lori’s career, inventions, investments, philanthropy, and net worth to better understand her success and impact.

Lori Greiner Early Life

Lori Greiner was born on December 9, 1969, in Gold Coast, Chicago. Greiner is the second daughter of a man who works in real estate and a psychologist. Her parents divorced when she was nine years old.

Greiner majored in journalism, communications, television, and film at Loyola University Chicago. She was also a playwright and a designer for a short time. On the side, she sold her own jewelry.

Lori Greiner Career

When Lori Greiner first started her career, she hit the ground running by designing a practical solution for organizing earrings. She developed a prototype of a plastic earring organizer that featured sliding rods and could neatly store up to 100 pairs of earrings. Her innovative product quickly caught the attention of J.C. Penney, which picked it up just in time for the holiday season. This early success set the stage for Lori’s remarkable career as a prolific inventor and investor.

Early on in her career, Lori Greiner secured a loan of $300,000 and impressively paid it back within just eighteen months. While she initially had no plans to become a serial inventor, her success on the Home Shopping Network propelled her in that direction. In 2000, she transitioned to QVC and began creating a diverse array of new products.

Lori’s success as an inventor and investor continued to grow, and in 2012, she joined the cast of the hit TV series Shark Tank. Two years later, her investment in Scrub Daddy, a company that produces a texture-changing household sponge, proved to be a massive success, selling over 2 million units on QVC. By 2016, Scrub Daddy had become “the biggest success story in Shark Tank history,” with sales exceeding 100 million.

Lori’s other notable investments include companies such as Squatty Potty, Readerest, Paint Brush Cover, Hold Your Haunches, Drop-Stop, FiberFix, Simply Fit Board, and Screened. Her continued success as an inventor and investor has made her a beloved and respected figure in the business world.

The year following her debut on Shark Tank, Lori Greiner’s Simply Fit Board, Scrub Daddy, and Sleep Styler was hailed as three of the biggest hits in the show’s history. Her tremendous success as an inventor and investor-led her to publish the bestselling book, “Invent it, Sell it, Bank it! – Make Your Million Dollar Idea into a Reality” in 2014.

Lori remains a prominent figure on Shark Tank, where she continues to share her expertise and mentor other aspiring entrepreneurs. She is joined by a cast of accomplished and highly successful entrepreneurs, including Mark Cuban, Kevin O’Leary, Barbara Corcoran, Robert Herjavec, and Daymond John. Together, they provide a wealth of knowledge and experience to help budding entrepreneurs turn their ideas into successful business ventures.

Lori Greiner In Shark Tank

Lori Greiner Net Worth in 2023: How Much She Earn From “Shark Tank” (2)

Greiner joined “Shark Tank” in 2012. She has put nearly $10 million into the show by being in 78 episodes.

Scrub Daddy, Simply Fit Board, Squatty Potty, Reader rest, Screen mend, Sleep Styler, and Hold Your Haunches are some of her best investments so far. She has sold 2 million of the Scrub Daddy on QVC in one day, which is the most in the history of the show.

She also has a 90% success rate with the products she launches and has invested in 10 of the top 20 most successful companies on “Shark Tank” to date.

She makes about $5 million from her business, and each episode of “Shark Tank” pays her $50 thousand.

Lori Greiner Business Earnings

Lori Greiner keeps millions of her followers interested every week through her social media accounts. Lori Greiner sells her cosmetics to her followers, which saves her hundreds of thousands of dollars in advertising costs and brings in millions of dollars.

In the past twelve months, Lori Greiner has made more than $120 million in sales and as much as $38 million in profit.

Lori Greiner’s Annual Income

Lori Greiner Net Worth in 2023: How Much She Earn From “Shark Tank” (3)

Lori Greiner owns more than 16 pieces of real estate, and each month she gets rent money from those properties. Lori Greiner also has more than $32 million in bank deposits and government bonds, which pay her interest and dividends every year.

Lori Greiner makes more than $1 million in rental income every year. The money that Lori Greiner makes from dividends and interest is an extra $500,000.

Lori Greiner’s Assets & Investments

Lori Greiner has 16 pieces of real estate, 6 cars, and 4 luxury yachts as assets. Lori Greiner’s assets also include over $42 million in cash on hand. Lori Greiner also has a portfolio of 15 stocks worth $35 million that she owns. Here are some of the stocks that Lori Greiner owns.

  • AT&T
  • Costco
  • IBM
  • Netflix
  • PayPal
  • Mastercard

Lori Greiner Net Worth in 2023: How Much She Earn From “Shark Tank” (4)

Lori Greiner’s Cars

Lori Greiner recently spent $2 million on a Rolls-Royce Phantom. Lori Greiner also has a $1 million USD Lamborghini Aventador. Here is a list of some of the other cars that Lori Greiner owns.

  • Rolls-Royce Ghost
  • Range Rover Sport
  • Mercedes-Benz AMG GT
  • BMW X8

Lori Greiner’s Net Worth 2023?

Lori Greiner is a $150 million-dollar American jewelry designer and reality television judge. Lori Grenier is a self-made inventor and entrepreneur with over 700 products and 120 US and international patents. Lori rose to prominence as one of the “Sharks” on the business reality show “Shark Tank.”

Favorite Quotes From Lori Greiner

“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.”

“Your success will have everything to do with how you perceive yourself, because how you perceive yourself is how others will perceive you, too.”

“Entrepreneurs tend to be very driven, risk-takers, confident, and tenacious. They don’t give up and will find another way to keep driving ahead.”

“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’re running your own business, but it’s how you perceive it and deal with it that matters.”

“I roll out of bed in the morning whenever I want, and I work right away because to me, that’s the life. That’s freedom. The whole point for me is that I love the freedom of being an entrepreneurthat I do what I want to do when I want to do it.”

“I get inundated with hundreds of emails a day. If I’m not working on a show, speaking engagement, or traveling or whatever … if I get to be in the office, my typical day would be looking at hundreds of emails that come in overnight. I do get buried in emails. I love to go to bed at 2 a.m. I’m a night owl. I get energized at night. I just love the night. It’s quiet. I can think. I can do things or I can just enjoy myself.”

3 Success Lessons From Lori Greiner

Having learned about Lori Greiner’s net worth and her path to success, it’s worthwhile to examine some of the valuable lessons we can derive from her experience.

1. Be Confident

The notion that excellent ideas automatically sell themselves is not accurate. If you aspire to persuade your employer, partner, or any other individual, it’s crucial to have confidence in yourself as the initial step.

2. Learn To Communicate

Communication holds great significance, and it entails much more than merely articulating the correct words. By crafting a hook, a strategy that stimulates people’s interest and promptly captures their attention, you can access your personal leadership potential through effective communication.

3. Be A Good Listener

Mastering the skill of listening is paramount in every situation, particularly in the context of business. It’s essential to cultivate good listening habits in any circ*mstance.

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Lori Greiner Net Worth in 2023: How Much She Earn From “Shark Tank” (2024)

FAQs

How much has Lori Greiner made from Shark Tank? ›

We do know that she makes an estimated $1.1 million for a 22-episode season of Shark Tank and about $5 million per year from her retail business (the one she founded when she invented her very first product).

Which shark has made the most money from Shark Tank? ›

While all the Sharks have their own successful pursuits, Mark Cuban is by far the richest Shark, with a net worth of $6.2 billion under his belt as of 2023.

How much is Lori Greiner worth in 2024? ›

Lori Greiner's Net Worth

She has become known for her smart investments and entrepreneurial spirit. As of January 2024, her net worth is estimated to be around $150 million.

How much does Lori Greiner make a year? ›

Per Celebrity Net Worth, Lori Greiner makes around $5 million a year from her business For Your Ease Only and for her gig as a shark on Shark Tank. Greiner reportedly makes $50,000 per episode or $1.2 million a season (22 episodes) for Shark Tank.

How much did Lori make off squatty potty? ›

How much did Lori make off Squatty Potty? Lori Greiner has earned over $20 million through her share of 20% in Squatty Potty. How much money has Squatty Potty made? Squatty Potty's annual sales revenues are $12 million and a net profit of $3 million.

What is the #1 product in Shark Tank history? ›

With more than $225 million in lifetime sales, Bombas has generated the highest sales on "Shark Tank".

How much did Daymond John make from Bombas? ›

Daymond's $200,000 investment in Bombas is now worth over $60 Million. As of today, Daymond John has earned over $11 million in profits from Bombas Socks.

What is the most successful product on Shark Tank that was turned down? ›

One of the most notorious (and successful) Shark Tank rejects started as a video doorbell name Doorbot. After a famously tepid reaction from the sharks, Amazon later bought the company for a deal worth nearly $1 billion.

Does Lori Greiner have a degree? ›

She majored in communications at Loyola University Chicago and worked for The Chicago Tribune while in college. She was an aspiring playwright and sold jewelry on the side.

Does Lori Greiner have a husband? ›

Lori Greiner met her future husband and business partner, Dan Greiner, at a Chicago bar in the 1990s. The businesswoman is best known for her role on ABC's hit reality show Shark Tank, where she's invested in companies like Scrub Daddy and the Squatty Potty.

How much does Lori own of Scrub Daddy? ›

Lori Greiner invested $200,000 for 20% of the company, with potential earnings in the hundreds of millions. Greiner's investments like Scrub Daddy have collectively sold over $1 billion, making her a successful Shark on Shark Tank.

What's the most successful thing on Shark Tank? ›

Based on lifetime sales metrics, money raised on Shark Tank, and post-show sales performance, Bombas is the most successful product from Shark Tank.

Does Lori Greiner have a child? ›

Greiner has been married to Dan Greiner since 1996. The couple does not have any children. Greiner has said that she and her husband decided not to have children because they wanted to focus on their careers. She has also said that she is happy with her decision and that she does not regret not having children.

What percentage of Scrub Daddy does Lori own? ›

In October 2012, Krause was featured on season four, where he left with a $200,000 investment and 20% equity stake deal with entrepreneur and judge Lori Greiner. After the episode aired, Krause said, Scrub Daddy crossed a million dollars in sales within 24 hours.

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