The American reality television judge on Shark Tank and jewelry designer Lori Greiner’s net worth is a staggering $150 million as of 2022.
Grenier is a self-taught inventor and entrepreneur who has developed over 700 products and possesses over 120 patents in the United States and abroad.
Lori Greiner created a plastic organizer in the mid-1990s that could accommodate up to 100 pairs of earrings. J. C. Penney picked up her earring organizer just in time for the holiday season, and it was a great hit.
Greiner signed an agreement to design products for JC Penney in her first six months of operation. She started selling her items on cable television within a year, and during her first appearance, she sold 2,500 earring organizers in just two minutes.
When her earring organizer launched on the Home Shopping Network, it made over $1 million in less than a year and sold out almost immediately.
Her earring organizer’s sales allowed her to pay off the $300,000 loan she took out to make it in just 18 months. Greiner’s company had made over $10 million in revenue in just three years.
Greiner’s For Your Ease Only brand had built up over $350 million in sales by 2010.
Most of her items are jewelry organizers, ranging from $16 for a tiny anti-tarnish jewelry box to $299 for a rotating mirrored jewelry cabinet. QVC, a 24-hour cable channel, accounts for 80% of her revenue.
She’s created over 700 products for men and women, allowing them to organize everything from their jewelry and makeup to remote controls, under-the-bed sweaters, and even kitchen utensils.
So, let’s get to know Louis C K a little better, starting with some basic facts about him.
|Birthplace||Near North Side, Chicago, Illinois, U.S.|
|Birthdate||9 December 1969|
|Age||52 years old|
|College||Loyola University Chicago (B.A.)|
|Profession||Television personality, inventor, and Entrepreneur|
|Height||In Centimetres – 163 cm
In Feet and Inches – 5′ 3″
|Weight||In Kilograms – 59 Kg
In Pounds – 130 lbs
|Net worth||$150 million|
|Spouse||Dan Greiner (m. 2010)|
|Social Media||Wikipedia, Instagram, Twitter, Facebook|
|Last Update||October, 2022|
Lori Greiner: Early Life
Lori Greiner was born in Chicago, Illinois, on December 9, 1969. Greiner learned how to run a business from her parents. Her father used to work as a real estate agent, and her mother was a psychologist.
Lori’s parents ran their own businesses in addition to their regular professions. Unfortunately, Lori’s parents split when she was nine years old.
Lori Greiner studied journalism and communications, as well as television and film, at Loyola University Chicago. Greiner worked for The Chicago Tribune during his collegiate years. She also worked as a jewelry designer and playwright during this time.
In 1996, she invented and patented a plastic earring organizer, becoming one of her most well-known jewelry ventures. Up to 100 pairs of earrings could be stored in the organizer.
Greiner owed approximately $300,000 in school loans at the time. When J.C. Penney picked up her earring organizer, though, her luck turned around.
She could pay off all of her student loans in just 18 months because of her revenues from selling the product’s prototype.
Lori Greiner’s Net Worth and Income
Lori Greiner’s Net Worth
The American reality television judge on Shark Tank and jewelry designer, Lori Greiner’s net worth is a staggering $150 million as of 2022.
Her career as an entrepreneur, inventor, designer, and television personality has contributed significantly to her riches. Lori gets paid $50,000 per episode of Shark Tank, and her company, For Your Ease Only, Inc., is worth roughly $5 million per year.
To date, For Your Ease Only, Inc. has been her most profitable business venture. The brand had grossed over $350 million in sales as of 2010.
Greiner’s fortune is derived in part from book royalties. Greiner published a book titled ‘Invent it, Sell it, Bank It!’ in March 2014. Bring Your Million-Dollar Idea to Life.’ Her path as an entrepreneur and innovator is chronicled in the book.
Shortly after its release, the book was named one of Amazon’s top ten business books, as well as one of the Wall Street Journal’s top business books.
Lori Greiner also makes a lot of money from speaking engagements. Greiner has spoken at prestigious organizations like PayPal, Chase, Adobe, IBM, the American Heart Association, and Coldwell Banker.
Lori Greiner’s Income
Lori Greiner’s firm For Your Ease Only and her involvement on ABC’s Shark Tank earn her roughly $5 million each year. For Shark Tank, she earns $50,000 per episode or $1.2 million per season.
Her fans regard her as one of her generation’s most astute investors. She’s developed several rituals that have helped her become a productive, money-making machine. This includes exercising before bedtime at 2 a.m. since it helps her fall asleep.
She usually watches the episodes she has recorded while on the treadmill. Empire, Bloodline, and House of Cards are among her favorites.
Lori Greiner’s firm, For Your Ease Only, and her profits from Shark Tank bring her roughly $5 million each year. She makes $1.2 million per season and $50,000 per episode on Shark Tank.
Lori is passionate about giving back in addition to her enormous wealth. She’s worked with Charitybuzz to raise over $100,000 for some of her favorite charities throughout the course of her career.
Lori Greiner’s Net Worth in Different Currencies
Let’s look at Lori Greiner’s Net Worth in several currencies, including BitCoin, the cryptocurrency.
|Pound Sterling||£ 109,317,750|
|Australian Dollar||A$ 206,654,250|
|Canadian Dollar||C$ 189,468,000|
|Indian Rupee||₹ 11,128,305,000|
Lori Greiner: House and Cars
Lori Greiner and her husband Dan reside in a stunning Chicago mansion. She frequently appears in IGTV videos from the couple’s bedroom, revealing a huge cream button-back headboard and white and cream bed linen with metallic silver ornamentation.
In Exton, Pennsylvania, the married couple alternates between two residences.
Lori Greiner is recognized as “The Queen of QVC” because of her frequent appearances on the shopping channel, where she promotes her For Your Ease Only company’s items.
Greiner is the appropriate Shark Tank judge to examine the ideas brought into the show because his company specializes in products that are supposed to make your life easier.
Greiner joined the Shark Tank panel as a guest judge in Season Three and has since been a regular, enhancing her salary and allowing her to purchase luxurious vehicles such as her bright red Mercedes-Benz SLS AMG.
The Manufacturer’s Suggested Retail Price (MSRP) for the 2015 Mercedes-Benz SLS AMG GT Final Edition coupe starts at around $206,000, while the GT roadster starts at over $213,000.
A tax on gas-guzzlers adds over $2,000 to each, and options can easily raise prices by thousands of dollars.
Lori Greiner: Lifestyle and Vacation
Lori Greiner’s lifestyle is pretty simple, and she is a hard worker who knows how to get things done. She has invented over 600 goods, holds 112 U.S. and international patents, and served as a judge and investor on ABC’s “Shark Tank” for eight seasons.
While early risers like Tim Cook and Richard Branson get up long before the sun rises, Greiner takes a different approach: she’s barely awake at that hour. She tells Parade, “I go to bed about 1 or 2 a.m.”
Here’s an example of a normal day in her life.
She works out before going to bed.
She tells Parade, “I get on the treadmill at midnight.” She isn’t the only one who attempts to exercise. Exercise is acknowledged as a fundamental component to success by billionaires ranging from Oprah Winfrey to Mark Zuckerberg.
“It’s fantastic. I watch the shows that I’ve taped. Greiner replies, “It puts me to sleep.” “House of Cards,” “Bloodline,” “Empire,” and “This Is Us” are among her favorite shows.
She is a late sleeper.
She tells ABC News, “I love going to bed at 2 a.m.” “I’m a night owl,” she says. At night, I feel energized. The night is one of my favorite times of the year. It’s peaceful. I have the ability to think. I have the option of doing stuff or simply enjoying myself.”
She eats breakfast every day.
She told ABC, “I usually wake up about 9 a.m.” “I’m not a morning person,” she says. When I wake up in the morning, I have breakfast. That is something I believe in.”
Greiner clings to a tried-and-true formula. She tells Parade, “Every morning, I have an egg-white omelet.” “Most of the time with mushrooms and cheese.”
Protein in the morning is important for a productive day, according to research.
Greiner also prepares coffee with Swiss mocha flavoring. “It’s absurd, but it’s entertaining.”
She responds to emails.
She tells ABC that she receives hundreds of emails per day. “If I’m not working on a show, speaking engagement, or traveling or whatever… if I get to the office, my usual day would be reviewing hundreds of emails that arrive overnight. So I do get bogged down with e-mail.”
Mark Cuban, a fellow “Shark Tank” judge, and entrepreneur claims he does practically all of his business via email. However, he carries two phones with him at all times so that he can use them.
She also checks in with the cast of “Shark Tank.”
She told ABC, “I’m assisting entrepreneurs.” “I’m collaborating with my colleagues. At the helm, I handle legal matters, contract negotiations, and product development. In addition, I frequently assist my entrepreneurs with packing. “I’m quite busy.”
Greiner tells Parade that while the show starts filming a new season, her schedule changes.
Then, she explains, “I get up at 4 a.m. and go to bed at 11 or midnight.” “Those have been some long days.”
Is it any surprise that Shark Tank star Lori Greiner likes to spend her vacations near the water?
One of the world’s most successful business people, as her Twitter followers know, retreats to Martha’s Vineyard, Massachusetts, to find calm.
QVC & Shark Tank, Book Publications, Investment, Endorsements
QVC & Shark Tank
Lori Greiner expanded her firm into television and media after her success with J.C. Penney. Her product was eventually featured on the Home Shopping Network and Bed, Bath, and Beyond.
Greiner then moved on to QVC, where she launched Clever and Unique Creations, which has become one of the network’s most popular and long-running series.
Greiner appeared on ABC’s Shark Tank in 2012 alongside Daymond John, Kevin O’Leary, Mark Cuban, Robert Herjavec, and Barbara Corcoran. On the show, she’s known for spotting potential QVC mega hits.
Her most successful investment was in “Scrub Daddy,” which is widely regarded as one of Shark Tank’s best buys ever.
The Scrub Daddy is a multi-textured household sponge that makes cleaning easier. Greiner sold more than 2 million Scrub Daddies on QVC in 2014. The Scrub Daddy had surpassed $100 million in sales by 2016.
Lori Greiner has made it a practice to invest in basic, enjoyable, and easy-to-use goods. The Squatty Potty, Simply Fit Board, and the Sleep Styler are just a few examples. Channels like QVC rely on these types of products to make a living.
Scrub Daddy, the Simply Fit Board, and the Sleep Styler are three of Shark Tank’s most successful products to date.
She’s also the author of the book Invent It, Sell It, Bank It! — Turn Your Million-Dollar Idea into Reality. It was her farewell present to her readers, as well as an autobiography on how they, too, may achieve fame.
In addition, the book was a hit, reaching #3 on the Wall Street Journal’s bestseller list.
Invent It, Sell It, Bank It! is a step-by-step guide on launching and profiting from a new product or company.
Lori delivers crucial information and advice on areas that can frequently intimidate, frustrate, and stymie new entrepreneurs, sharing her own secret recipe and personal anecdotes along the way.
Greiner proves that anyone can turn themselves into the next overnight success with hard work and the right idea, as she shares behind-the-scenes insights into her experiences on ABC’s Shark Tank and QVC-Clever TV’s & Unique Creations by Lori Greiner.
As well as valuable lessons learned from her early career’s mistakes and triumphs.
Her jewelry organizer business launched Greiner’s undeniable success. The items, first offered at J.C. Penney (JCP) – Get Report, quickly made Greiner millions and paved the way for the remainder of her career.
Greiner invests in businesses when she isn’t inventing new products and solutions for everyday problems. Greiner’s experience as a judge and investor on Shark Tank resulted in some successful ventures.
According to CNBC, Greiner claimed that her biggest investment was Scrub Daddy, which she purchased for $200,000 in 2012 for a 25% ownership in the sponge company.
Years later, the sponge company is one of Shark Tank’s most successful investments, with sales exceeding $50 million. Wine Balloon, Bambooee, and Program No, to mention a few, are among Greiner’s other famous investments on the show.
In addition, Greiner has made a point of investing in other young entrepreneurs, including writing a how-to book in 2004.
The businesswoman is well known for her talent development. In addition, Greiner frequently shares her own business philosophies in books and interviews to help others on their own journeys to success.
Greiner told Time, “Whatever you do, don’t stay up late in a stuffy office away from people.” “Leading by example is a good way to go. Get right in there and work alongside your colleagues. Get your hands dirty and show them that no activity is too difficult for you.”
Greiner’s work has also appeared in O, The Oprah Magazine, InStyle, and Woman’s Day.
Lori Greiner, perhaps most notably, uses her time on “Shark Tank” to invest part of her money in other firms. In addition, however, the entrepreneur can set away a portion of his earnings for charitable purposes.
Greiner began her career by designing a sliding-rod plastic earring organizer that neatly stores 100 pairs of earrings. Before the holiday season, she built a prototype of the product, which J.C. Penney took up.
Greiner borrowed $300,000 and repaid it in eighteen months.
She claimed that she “never sought out to be a serial inventor,” but her success on the Home Shopping Network placed her on the road to being one. She moved to QVC the following year and established an arsenal of new items in 2000.
Greiner joined the TV show Shark Tank in 2012. Her investment in Scrub Daddy, a firm that makes a texture-changing household sponge, was a great hit two years later. In 2014, she sold over 2 million items on QVC.
Scrub Daddy resigned in 2016 as “Shark Tank’s largest success story ever,” with sales of over $100 million. Her other investments were squatty Potty, Readers, Paint Brush Cover, Hold Your Hunches, Drop-Stop, FiberFix, Simply Fit Board, and Screened.
Greiner’s Simply Fit Board, Scrub Daddy, and Sleep Styler were named three of the biggest Shark Tank hits to date the following year.
Greiner publicly expressed her disgust when Dr. Sarath Malepati offered ECZ Pak, his brand of immune support medications, on one of Shark Tank season 11’s episodes. She accused him of ignoring her and concentrating his efforts solely on the male investors.
Greiner was angry that the entrepreneur didn’t look at her even though she was the one talking to him, so she made it plain that she wouldn’t do business with him.
Kevin O’Leary was the one who decided to invest in the doctor’s product. Later, he tweeted in Malepati’s defense, including Malepati’s apology for her. An internal “Shark Tank” brawl erupted in 2015 over the smartphone app Scholly.
Greiner made an offer within 10 minutes after Christopher Gray’s company presentation, whereas it generally takes the sharks an hour to decide whether or not to take a transaction.
Cuban, Herjavec, and O’Leary were irritated because they wanted to know more, but she was abrasive. Daymond John ultimately joined her to offer a bargain, and the two of them divided it 50/50.
She warned Gray that if he doesn’t make a decision soon, she’ll go. He accepted the offer.
The other sharks were annoyed because they believed Greiner and John didn’t know what they were doing. They accused them of agreeing out of pity for each other.
Greiner and John insisted that they did not provide the deal out of sympathy but rather because they saw Scholly’s potential.
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Lori is well-known for giving back to the community. She believes that “if you are lucky enough to be successful, you have a responsibility to give back.”
As a result, she and her company donate a significant portion of their revenues to various charities each year.
To mention a few, we support full-ride four-year college scholarships for underprivileged women, initiatives to elevate and inspire our young and first responders, health care workers, and everyday heroes.
Many of her most rewarding moments have occurred when she has been able to assist fledgling entrepreneurs in achieving the same level of success that she has.
She was recognized as a powerful role model and an inspiration to many. She received the Sherry Lansing Woman of the Year Award and was named an Important Woman in Television by the Paley Center.
According to Entrepreneur, Greiner teamed with Charitybuzz, a Charity Network member, to raise nearly $126,000 for many causes, including The Trevor Project, Kind Project, Chicago Police Memorial Foundation, and CASA for Children.
3 Interesting Facts About Lori Greiner
- Lori distinguishes between two types of inventors: the “Margaret Mitchells,” who develop one masterpiece and then strike it rich, and serial inventors, who keep coming up with fresh ideas and working on them to generate a series of inventions. She is a serial inventor with over 600 things to her credit.
- Lori has built a thriving firm that generates millions of dollars each year. Being on Shark Tank also has its rewards; in 2016, it was projected that the sharks made at least $50,000 per episode, which translates to at least $1.2 million per year. In addition, her status as an author bolsters Lori’s fortune.
- Lori does the majority of her business via email in this day and age when most people prefer to telephone; as a result, she receives hundreds of emails every day. In addition, she spends her days at work reading the hundreds of emails that arrive in her mailbox overnight when she is not traveling or otherwise occupied.
What is Lori Greiner allergic to?
When you graduate from middle school, you’ll probably own half of the place.” “I think you’re doing everything correctly,” Lori, “Queen of QVC,” Greiner remarks, then walks away because she is allergic to lemonade. (A clear fig-leaf for her reputation as a “warm-blooded shark.”)
What was Lori’s first business venture?
Greiner invented and patented a plastic earring organizer in 1996. Before the holiday season, J.C. Penney took up the product, allowing her to pay off her $300,000 loan in eighteen months.
What risks did Lori Greiner take?
Lori’s first invention, an earring holder, was licensed to JC Penney when she took a chance. But, before that, she took some substantial risks with the invention, including spending $10,000 on the tool-and-die prototype process and taking out a large loan.