Credit: ABC Entertainment Press Site
Highlights
- Lori Greiner, popularly known as the Queen of TVC, is one of the show’s most loved Sharks.
- With a rich history in the retail world, appearances on television, and connections across industries, she has mastered the knack of earning hefty amounts.
- Have a look at all the events that have guided her towards becoming a millionaire.
Lori Greiner, globally known as the undisputed Queen of TVC or the “warm-blooded Shark,” has helped many entrepreneurs accomplish their entrepreneurial dreams on ABC’s popular show Shark Tank. But do you get stumped on what the answer to ‘Lori Greiner net worth’ could be?
Here’s a complete breakdown of all the information you need to know.
How Did Lori Generate A Huge Net Worth?
Lori Greiner joined Shark Tank in 2012 and has been an active Shark since then. Her business nose and sharp instincts for identifying real talent have helped her make significant decisions on the show.
Many would argue that she’s not as rich as the other Sharks, but the truth is that she is a millionaire with a massive net worth of $150 million.
As a quick-witted investor and marketer, she has created more than 1,000 products, including Scrub Daddy and Squatty Potty, and holds over 120 patents.
Lori’s Stint on Shark Tank
A major chunk of Lori’s fortune can be attributed to her impressive deals as an investor on Shark Tank. Have a look at the most prominent ones as listed below:
1. Scrub Daddy
Considered the most successful product in Shark Tank’s history, Aaron Krause came up with Scrub Daddy in 2012, the year in which Lori joined the show.
Scrub Daddy is nothing but a smiley-shaped sponge or kitchen scrubbing tool that can completely change its structure as per adjustments made to the water temperature. Without using any chemicals, it cleanses using just water and causes no scratches.
Before Shark Tank, its sales were $100K. However, Lori sensed its potential success and decided to invest $200K for 20% equity.
The deal was a breakthrough moment for Lori on the show as the product has now made sales of over $926 million.
2. Squatty Potty
Squatty Potty was another great deal that showed the great business sense of this passionate Shark. Creatively designed to ease bowel movements, the product revolutionized the way Americans used toilets. Lori Greiner managed to secure a deal with Bobby and Judy Edwards for $350K at a 10% equity stake.
The decision was a hit, as Squatty Potty attracted bulk orders from across the USA. This was her second investment, earning over a million dollars and with lifetime sales of $260 million.
3. Sleep Styler
Possibly one of the quickest deals ever on Shark Tank, this one helped massively in contributing towards the current Lori Greiner net worth. Proposing an offer of $75K for a 15% equity stake, Lori joined hands with Tara Brown, the creator of Sleep Styler, to contribute massively to Lori Greiner’s current net worth. Proposing an offer of $75K for a 15% equity stake, Lori joined hands with Tara Brown, the creator of Sleep Styler, the deal.
The product is setting up a new trend in the way people used to style their hair by eliminating the hassle of regular washing and styling of hair.
This is possibly why its current lifetime sales stand at over $100 million, which has kept Lori Greiner’s net worth soaring.
What is Lori’s Annual Income?
If you search for ‘Lori Greiner net worth,’ you will find that her income stream is not limited to one. Whether it be her role as a Shark/investor on Shark Tank, author for her bestselling book, or producer for her production company, Lori has been accumulating millions of dollars over the years.
If we talk primarily about Shark Tank, there’s no official record regarding how much the Sharks are paid per episode. However, according to a study by Variety, all the Sharks, including Lori, are paid $50K for every appearance on the show.
A Sneak-Peek Into Lori’s Humble Beginnings
Born on December 9, 1969, Lori Greiner grew up in Chicago, Illinois as the second daughter of a psychologist and a real estate developer. When she was just eight, her parents got divorced. But Lori kept going and completed her graduation in Communications from Loyola University, Chicago.
Although initially she planned to become a playwright, she went on to make and sell plastic earring organizers. The business did exceptionally well, and Lori managed to sign a deal with J.C. Penney. Within a year, she appeared on TV and sold 2,500 earrings in under two minutes.
Her debut product earned more than $1 million and was sold out just after debuting on the Home Shopping Network. This made her the “Queen of TVC” and ignited her passion for entrepreneurship and business.
After acquiring a good reputation from this business and an established presence on TV, she nabbed a spot as one of the Sharks on Shark Tank Season 4. Since then, she’s been a constant part of the show.
In A Nutshell
The journey of Lori Greiner from being an entrepreneur herself to now an investor on ABC’s most successful reality TV show is no less than inspiring. Her experiences have been filled with highs and lows, both on the personal and professional fronts. But nothing could stop her from becoming a prominent business figure with a massive net worth, who is the “Queen” of her field and knows precisely when and where to invest.
Her thoughtful investments are the reason many budding entrepreneurs have accomplished their dreams and become millionaires. She has always defended creativity and never shied away from taking risks, which is what makes her a unique Shark.
References
1. Salaries of TV’s Top Talent Revealed, Variety
2. ‘Shark Tank’ Investor Lori Greiner’s Net Worth in 2024 Can Buy Her a LOT of QVC Products, Parade.
