Barbara Ann Corcoran is known as Barbara Corcoran. She is a talented American businesswoman. She’s best known as one of the investors on the hit ABC reality show Shark Tank.
Here at World Celebrity Net Worth, we will delve into Barbara Corcoran net worth 2023, exploring her remarkable career achievements and various sources of income that have contributed to her wealth.
What is Barbara Corcoran Net Worth and Salary 2023?
According to Celebrity Net Worth, Barbara Corcoran has amassed an impressive net worth of over $190 million as of 2023.
As one of the original Shark investors, Corcoran has appeared in all 14 seasons of ABC’s Shark Tank to date, reportedly earning $500,000 per episode. Her annual earnings are estimated to exceed $24 million, thanks to her investments in over 150 businesses, with a success rate of about 10%.
Some of her most notable investments include The Comfy, where she contributed $50,000 and now holds a stake worth approximately $27 million.
Barbara Corcoran’s Overview
Born on March 10, 1949, in Edgewater, New Jersey. She is the second of ten children in an Irish-Catholic working-class family.
Her mother, Florence, was a homemaker. Her father, Edwin W. Corcoran Jr., bounced from job to job throughout Corcoran’s childhood. At times, her family relied on deliveries of free food from a friendly local grocer.
Corcoran struggled throughout her schooling, later learning that she had dyslexia. She attended a local Catholic elementary school and started high school at St. Cecilia High School in Englewood.
After flunking several courses during her freshman year, Corcoran transferred to Leonia High School, where she graduated as a D student.
Corcoran graduated from St. Thomas Aquinas College with a degree in education in 1971.
By the age of 23, Corcoran had worked 22 jobs, but it was her experience as a waitress that would change her life forever. While working at a diner, she met Ramone Simone, who would become her boyfriend and business partner.
With a $1,000 loan from Simone, she co-founded The Corcoran-Simonè real estate company in 1973, marking the beginning of her illustrious career.
Drawing on unconventional lessons learned from her homemaker mother, she gradually built The Corcoran Group into a $6 billion-dollar business.
In 2001, she sold the company for an impressive $66 million, proving that her ability to turn failure into success was one of her greatest strengths.
Corcoran’s entrepreneurial journey didn’t end there. She went on to become a star on the hit TV show Shark Tank, where she has spent the last 12 years investing in and mentoring other businesses.
Her success can be attributed to her keen eye for spotting resilient people who view failure as a challenge rather than an endpoint.
She believes in living according to one’s greatest aspirations and has always maintained that perception creates reality. This mindset has allowed her to break barriers and become one of the most recognized female entrepreneurs in the world.
In 2001, she paid $3.5 million for a 2700-square-foot co-op apartment on Park Avenue.
In 2015, Corcoran paid $10 million for a loft apartment on Fifth Avenue.
Corcoran and her husband, Bill Higgins, live in Manhattan. Higgins is a retired Navy captain and former FBI agent who served in the Gulf War. In 1988, they got married.
Corcoran gave birth to their son in 1994 through in vitro fertilization. The couple later adopted a daughter.
Why is Barbara Corcoran Famous?
Barbara Corcoran is famous for her remarkable entrepreneurial journey and success in the real estate industry. She founded The Corcoran Group, a New York City-based real estate brokerage.
Her unconventional path to success, combined with her appearances as an original Shark Tank cast investor on ABC’s hit show Shark Tank, has made her a well-known businesswoman and TV personality.
Additionally, Corcoran is a motivational speaker, author, and media contributor, sharing her expertise and inspiring others.
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What awards has Barbara Corcoran received?
Corcoran’s business acumen and her role as a female leader in business have garnered her several awards and accolades.
For instance, she received the Entrepreneur of the Year Award from Ernst & Young in 2006.
With a successful career in real estate, numerous business ventures, and her prominent role on the hit TV show Shark Tank. Corcoran has solidified her position as a respected figure in the business world.
As of 2023, her net worth reflects her continued success and serves as an inspiration to aspiring entrepreneurs everywhere.
If you want to know about her, check out our website WCnetworth.com for more information. Thanks for reading!