Canada has long been regarded as a nation of ambitious immigrants willing to work hard to defy the odds. Such is the case of Robert Herjavec and his family, who fled to Toronto from the Socialist Federal Republic of Yugoslavia after facing persecution in 1970. Arriving penniless, Robert Herjavec went on to become one of Canada’s most famed and successful businessmen.
Mr. Herjavec is a classic self-made success story who has gone on to achieve international fame and fortune as a TV personality and celebrity. Given his rapid ascent, many of our readers have wondered “What is Robert Herjavec’s net worth?” To answer this question, we put together this article that compiles the best estimates of his net worth based on publicly available sources of the businessman’s financial assets.
What is Robert Herjavec’s Net Worth?
By all estimations, Robert Herjavec’s net worth is approximately US $200 million. This figure is the composite of all the publicly available records of Mr. Herjavec’s wealth online. There are several reports that corroborate this figure, such as this Heavy.com report that was last updated in 2019.
Robert Herjavec Biography
Robert Herjavec was born on September 14, 1962, in the city of Varazdin in the Socialist Federal Republic of Yugoslavia. In the present day, Herjavec’s hometown is part of Northern Croatia, only an hour’s drive from the capital, Zagreb. However, after his father faced political persecution for his anti-Communist beliefs, his family sought refuge in Ontario, Canada.
The Herjavec family experienced great economic and social hardship while living in Toronto during the 1970s, and at several points were reportedly exploited. The adversity that Robert Herjavec went through fueled his passion for entrepreneurship and business success later in life, beginning with his studies at the University of Toronto.
After graduating, the young Mr. Herjavec worked several low-paying, entry-level jobs, including in the film industry, until landing his first permanent gig at Logiquest, an IBM sales company. At Logiquest, he quickly rose the ranks to General Manager.
Upon leaving Logiquest, Herjavec founded BRAK Systems in 1990, an early internet security software company that he sold to AT&T Canada in 2000 for a sum in excess of $30 million. He then took up an executive position at Ramp Network which later sold to Nokia for $225 million. Although this is how he earned the majority of his wealth, Mr. Herjavec has gone on to succeed in other security and technology ventures and has even become a television personality.
How Did Robert Herjavec Build His Wealth?
As explained above, Robert Herjavec’s net worth was amassed over a multi-decade period of hustling and innovating in the internet security field. While one could argue that it was his multimillion-dollar sale of BRAK Systems in 2000 that catalyzed his net worth, the true origin of Mr. Herjavec’s net worth is the growth mentality he developed as a young child of immigrants.
Robert Herjavec’s life story is one of overcoming challenges, finding opportunities, and pursuing them relentlessly. Without this positive mindset, he never could have founded BRAK Systems from his family’s basement which, years later, would earn him his initial fortune.
This mindset would later be carried forward to other aspects of Herjavec’s business ventures. In 2003, he founded The Herjavec Group which provides security services to technology companies. Recent data indicates that The Herjavec Group does $200 million in annual revenue, suggesting that the company’s valuation could be north of $1 billion.
Other supplements to Herjavec’s net worth come from his media and television appearances, as well as the books that he has authored. For example, Herjavec was a regular panelist on CBC’s Dragon’s Den between seasons 1 and 6, as well as its U.S. equivalent, ABC’s Shark Tank. He has also appeared on Dancing with the Stars, and has presented at many international award shows. Lastly, he continues to collect royalty payments from the sales of three published books:
- Driven: How to Succeed in Business and Life (2010, HarperCollins)
- The Will to Win: Leading, Competing, Succeeding (2013, HarperCollins)
- You Don’t Have to Be a Shark: Creating Your Own Success (2016, Macmillan)
Does Robert Herjavec Invest in Alternative Assets?
Many of our readers have asked us whether Robert Herjavec has positions in alternative assets such as gold, silver, or cryptocurrency. Although his portfolio isn’t public knowledge, the Shark Tank co-host has previously spoken publicly about his bullish outlook on crypto. In fact, Mr. Herjavec predicted that Bitcoin’s price would “quintuple” in February 2020—a prediction that ended up coming true.
Given Mr. Herjavec’s positive attitude toward Bitcoin, it’s safe to assume that at least a small portion of his net worth is tied up in cryptocurrencies. However, it remains unclear how he feels about other alternative assets and diversifiers such as gold, silver, or platinum-group metals.
How is Robert Herjavec’s Net Worth Calculated?
Robert Herjavec’s net worth is a function of his assets subtracted by his liabilities. These data are collected from other publicly available estimations of Mr. Herjavec’s wealth, as well as financial disclosures submitted on behalf of his companies.
Bear in mind, however, that these estimates are exactly that—estimates. Although we can conclude with a high degree of confidence that Mr. Herjavec’s net worth is somewhere in the ballpark range of $200 million U.S. dollars, the true figure could be somewhere above or below this mark.
Who Else Invests Like Robert Herjavec?
Not all investors have the same style. To compare investors like Robert Herjavec check out these investor profiles:
Want to Invest Like Robert Herjavec?
Robert Herjavec didn’t build an enviable net worth by taking the safe route and following everyone else’s formula for success. Instead, he went against the grain and invested in himself throughout his career—from rags to riches.
When it comes to building a coveted net worth, there’s no guaranteed recipe for success. Ultimately, it comes down to character, work ethic, and a little bit of luck. However, there are steps you can take to improve your chances of striking it big. The first among them is to invest in high-potential, high-upside alternative asset classes.
To get started with alternative investments in a tax-advantaged retirement account, check out our reviews of the top Bitcoin IRA companies today. With the assistance of a cryptocurrency IRA or 401(k), you can improve your financial standing and build long-term, multigenerational wealth—it all starts with you taking a bet on yourself and your financial future.