American investor and entrepreneur, Kevin Harrington, has accomplished a tremendous amount in a career that has spanned over four decades. As the innovative mind behind the concept of “the infomercial”, not to mention the famous “As seen on TV” brand, it’s understandable why many presume Kevin Harrington is a multi-billionaire. However, in truth, his net worth is probably far below the billion-dollar mark.
To answer “What is Kevin Harrington worth?”, we here at Sophisticated Investor decided to compile all the publicly available data. Below, we’ve provided the best estimate as to the American investor and entrepreneur’s net worth.
Please note that all figures provided are simply estimates, and not conclusive. Regardless, we utilized all of the publicly available assessments in order to determine the probable range of Mr.Harrington’s net worth.
|Date of Birth||October 15, 1956|
|Title||Entrepreneur, Investor, Business Executive, Author, Television Personality|
|Companies Founded||Quantum International, HSN Direct International Inc., As Seen on TV|
|Best Known For||An original "shark" on ABC's "Shark Tank"|
|Net Worth (USD)||$450 million|
What Is Kevin Harrington’s Net Worth?
Based upon all estimates, Kevin Harrington’s net worth is roughly $450 million USD. In 2021, Insider Growth reported that this amount was Mr. Harrington’s net worth. Obviously, this figure is an estimate and not conclusive, yet based upon available public appraisals of his wealth, this is the most commonly cited figure.
As one of the original “sharks” on the hit ABC series, Shark Tank, Kevin Harrington is probably one of the wealthiest investors who has appeared on the television show. Mr. Harrington’s humongous net worth can be attributed to the fact that he is the inventor of the “infomercial”, not to mention the founder of the “As Seen on TV” brand.
Kevin Harrington Biography: A Crash Course
Kevin Harrington was born on October 15, 1956, in Cincinnati, Ohio. From an early age, he exhibited a knack for entrepreneurship. Mr. Harrington sold newspapers at nine and launched his first business at the tender age of fifteen. It was a company that specialized in sealing driveways.
During his junior year at the University of Cincinnati, Mr. Harrington dropped out to pursue his profitable entrepreneurial endeavors. All this, despite the fact that his grade point average was an exceedingly respectable 3.85. Harrington then began selling franchises and helped aspiring entrepreneurs fulfill their dreams of business ownership.
In 1985, Harrington invented the modern concept of the “infomercial”, after realizing there was a market for content being broadcast on late-night television. In the early 1980s, he invested $25,000 of his hard-earned money to found Quantum International. Eventually, the company was generating an astounding $500 million a year. Kevin then sold his interest in Quantum, and in his words “formed “joint venture company with The Home Shopping Network”, which was called HSN Direct.
Harrington also founded the iconic “As seen on TV” brand, and has launched a laundry list of hugely successful products such as “The Flying Lure”, “The Great Wok of China”, and “The FoodSaver”, to name a few.
Because of Harrington’s extraordinary success as an entrepreneur, he was offered a place as one of the original “sharks” on the Emmy award-winning show, Shark Tank. He appeared in the first two seasons of the hit show. Harrington is also the co-founder of the Electronic Retailers Association (ERA), and the co-founder of the Entrepreneurs’ Organization (EO), respectively.
How Did Kevin Harrington Build His Wealth?
The majority of Kevin Harrington’s wealth stems from hugely profitable business ventures. For instance, his first company, Harrington Driveway Sealing, was generating over $1 million in annual sales. HSN Direct, likewise, generated hundreds of millions in sales.
Over the span of his entrepreneurial career, Harrington has invested in nearly two dozen companies, and launched an astounding 500 products which have resulted in over $5 billion in global sales. Suffice it to say, the man knows a good product when he sees it.
It ought to be noted, that at least 20 of Mr. Harrington’s business ventures have earnings in excess of $100 million USD.
Kevin Harrington has also authored several best-selling books. The most notable include:
- Act Now: How I Turn Ideas into Million-Dollar Products (HCI, 2009)
- Key Person of Influence: The Five-Step Method to Become One of the Most Highly Valued and Highly Paid People in Your Industry (Rethink Press Limited, 2015)
- Put a Shark in Your Tank: Actionable Steps to Business Success (CreateSpace Independent Publishing Platform, 2017)
How Is Kevin Harrington’s Worth Calculated?
In the case of wealthy celebrities such as Kevin Harrington, many are founders or executives of publicly traded companies. These firms must disclose their financials in compliance with SEC regulations. Public disclosures of share ownership often make up the lion’s share of the celebrity’s wealth, which is then used as a proxy for determining their net worth.
Disclosures are combined with the individual’s publicly-known assets (e.g., their vehicles, homes, secondary properties) and then subtracted by their publicly-known debts to arrive at a rough estimate. This is the general formula used to calculate Kevin Harrington’s net worth of roughly $450 million.
Kevin Harrington’s Views on Alternative Investments
Kevin Harrington has long been an advocate of alternative investments, specifically cannabis. Harrington has been involved in several ventures within the cannabis sector, including personal investment in Cannaprenuer Partners.
Most recently, Mr. Harrington was appointed to the board of Hollister Biosciences Inc., which provides cannabis and hemp branded products. Additionally, he will serve as Chairman of the company’s Advisory Board.
In addition to investments such as cannabis, there are also alternative assets such as precious metals and cryptocurrencies that can be used to diversify one’s portfolio. Portfolio diversification with precious metals and cryptocurrency requires a self-directed IRA that allows for a wider variety of asset types. Those interested in opening a self-directed IRA should first check out our reviews of the top gold IRA providers and the best Bitcoin IRA companies, so you can do your due diligence before getting started.
Who Else Invests Like Kevin Harrington?
Not all investors have the same style. To compare investors like Kevin Harrington check out these investor profiles:
- Daniel Lubetzky
- Robert Herjavec
- Michael Wekerle
- Anne Wojcicki
- Barbara Corcoran
- Sara Blakely
- John Paul Dejoria
Want to Invest Like Kevin Harrington?
Possessing a net worth tantamount to Kevin Harrington’s is an ambitious endeavor, to say the least. Yet, you can certainly start investing aggressively, just as Kevin has done throughout his life. Your first step is to open a tax-advantaged retirement investing account, so you can build a portfolio that appreciates in value on a tax-free or tax-deferred basis.
To get started, open a self-directed IRA account today. This way, you can invest in a variety of high-upside asset classes unavailable to regular brokerage account investors. These include alternative assets such as cryptocurrencies, hedge funds, precious metals, annuities, and many more.