Lori Greiner is an American businesswoman, inventor, angel investor, author, and media personality best known for her recurring role on ABC’s Shark Tank. An accomplished television star, she is a four-time Emmy Award winner and a six-time recipient of the Critics’ Choice Award with a primetime career dating back to the 1990s. Let’s take a look at Lori Greiner net worth, how she built her fortune, and how we calculated her net worth.
Before her stardom as a TV mogul, Lori Greiner’s success first came as an investor of retail products, for which she now owns several hundred patents. Her inventiveness is what sparked her multi-decade career as a business tycoon. Yet, above all, Lori Greiner is a charitable member of her community who believes in giving back to society via philanthropic efforts.
Given her social stature and accomplishments, many of our readers have asked: “What is Lori Greiner’s net worth?” To answer this question, we surveyed all of the publicly available data on her financial status and have reported the results below.
Lori Greiner Net Worth
Although not the richest star on ABC’s Shark Tank, Lori Greiner net worth is an impressive US$150 million net worth. This figure is the composite of many online reports from various outlets. Including one from the South China Morning Post, which is Hong Kong’s most widely-read English-language newspaper of record.
Lori Greiner Biography
Lori Greiner was born on December 9th, 1969, in Chicago, Illinois. She enjoyed an upper-middle-class lifestyle and was raised by industrious parents who instilled in her the value of entrepreneurship and working for one’s self.
The young upstart built an initial modest fortune by creating a jewelry organizer. The product had sliding plastic rods that made it capable of hold up to 100 pairs of earrings. She managed to sell the earring holder to J.C. Penney in 1996 for the Chicago area stores. The items reached the stores just before the holiday season, and Lori Greiner managed to pay off the loan she had taken of $300,000 in 18 months.
The earring holder was the beginning of her Chicago based company, For Your Ease Only Inc. The company now sells 100 products for organizing jewelry, and expects to make sales of around $40 million this year. Lori Greiner sells 80% of these products through the TV channel QVC.
She has regularly appeared on television channels catering to home shoppers, such as The Shopping Channel, the Home Shopping Network, and QVC. Her recurring role on the latter earned her the nickname “The Queen of QVC”. And eventually, her own show, Clever & Unique Creations. Lori Greiner has been a staple on the QVC network for over 18 years.
Lori Greiner’s Transition
Lori Greiner partially transitioned from inventing to angel investing in the 2010s, and found a permanent role on the hit TV show Shark Tank. Since then, she has earned millions as an author, public speaker, and world-renowned investor whose investments include:
- Wine Balloon
- Scrub Daddy
- Squatty Potty
- Better Life
- incrEDIBLE eats
Statistically, the median valuation for Lori Greiner’s deals is about $645,000 and, on average, her deals are 41% below asking valuation. She takes an average equity stake of 19% in the companies in which she invests, according to data aggregator Sharkalytics.
Finally, Lori Greiner has partnered with charitable organizations to give back to her community and society at large. For instance, she has raised over $100,000 for initiatives such as the Kind Project, the Trevor Project, CASA for Children, and the Chicago Police Memorial Foundation.
How Did Lori Greiner Build Her Wealth?
It’s clear that Lori Greiner has a remarkable talent for creating innovative products and protecting her intellectual property. According to one report, Lori Greiner has over 500 products to her name.120 of which are protected by registered patents.
Ms. Greiner’s uncanny ability to come up with inventive products and protect her creations has earned her a large fortune. However, she also leveraged her admirable personality to become a notable public figure, whose appearances command large fees. Each episode on Shark Tank, for example, earns her approximately US$50 thousand.
How is Lori Greiner’s Net Worth Calculated?
Lori Greiner’s net worth of $150,000,000 is generated by taking the combined value of her financial assets and subtracting her liabilities (i.e., debts). The lion’s share of Lori Greiner’s net worth derives from the retail sales of her products, media appearances, and equity stake in the companies in which she has invested.
How Does Lori Greiner Invest Her Money?
Greiner can be described as a risk-averse investor who tends to be careful with her money. On Shark Tank, he has invested approximately US$9.5 million. This figure is a substantially lower dollar value than some of her co-stars have invested.
Her investing strategy has been wildly successful to date. For instance, of the 20 most lucrative products pitched on Shark Tank, Lori Greiner has invested in ten of them. Clearly, therefore, her strategy has paid dividends for her.
Generally speaking, Lori Greiner appears to seek out undervalued companies that are headed by talented, ambitious entrepreneurs who have the potential to develop their product line. Ms. Greiner rarely seeks out a one-hit-wonder.
But rather a product that has the potential to spin-off into multiple off-shoots that can generate even more revenue. In this sense, she is always looking at the long-term payoff for her investment, rather than the short-run profits.
How Does Lori Greiner Feel About Alternative Investing?
We have limited information about Lori Greiner’s stance on cryptocurrency investing. One CNBC Make It report from 2018 indicates that Ms. Greiner “[isn’t] sold on the idea of cryptocurrency in general.” Nothing has emerged since then to clarify her opinion on the asset class, and the same goes for precious metals investing.
The investment strategy employed by Lori Greiner is something of a black box, since we know very little of the investing principles behind her decision-making process. However, what we do know is that Lori Greiner generally takes a risk-managed, conservative approach to investing. This is evidence based on the relatively limited number of deals she has made as an angel investor.
Based on the fact that Lori Greiner takes a conservative, risk-conscious approach to investing, it stands to reason that she may invest in precious metals, annuities, and even cryptocurrencies to manage risk in her portfolio.
Who Else Invests Like Lori Greiner?
Not all investors have the same style. To compare investors like Lori Greiner check out these investor profiles:
Want to Invest Like Lori Greiner?
To get started investing like Lori Greiner, we suggest opening a self-directed IRA today. With a standard brokerage account, you’re locked out of many asset types that can help diversify your portfolio, manage risk, and build lifelong wealth.
For a Lori Greiner-inspired investment strategy, consider going the extra mile and opening a precious metals IRA that specializes in alternative assets.