|Age/Date of Birth:||December 9, 1969|
|Height:||5 feet 7 inches (170 centimetres)|
|Husband or Boyfriend:||Dan Greiner|
|Net Worth:||$100 million|
Lori Greiner is an American entrepreneur, inventor, television personality, and author who is also well known as one of the judges on ABC’s Shark Tank. AKA “The Queen of QVC”, Lori has about 120 US and international patents under her belt.
She was born on December 9, 1969, in Chicago Illinois where she was raised in the Near North Side. After high school, Lori attended Loyola University Chicago where she majored in Communications with a focus on television film and journalism. While in college she worked a part-time job as a writer for the Chicago Tribune and also wrote plays in her spare time.
Business Career Breakthrough
Greiner in addition to her love for journalism and literature also had an eye for business. She first began by selling pieces of jewelry and from her profits and borrowed money, Greiner created a plastic jewelry organizer that had the capacity to fit 100 pieces of jewelry. This invention soon made her a millionaire, when department store J. C Penny picked it up, the products also sold on the Home Shopping Network.
In 1996, she founded For Your Ease Only Inc., a Chicago-based company involved in product development and marketing.
Greiner has created/helped in the launch of over 400 products including cosmetic and jewelry organizers, and kitchen tools. She also holds 120 United States and International patents. Most of her products have been featured in top magazines for publicity including Oprah Winfrey’s “O” and Forbes. Greiner is a speaker for the U.S Patent and Trademark Office. She spoke at the first United States Patent and Trademark Office Women’s Entrepreneurship Symposium held in 2011.
Her Quick Rise to Fame – Reality TV & Shark Tank
With increasing success in business, Greiner didn’t abandon her love for the media. In 1998, she started her own show on QVC entitled “Clever & Unique Creations Show”.
Greiner got a new platform to continue making shrewd and lucrative business decisions in 2012 when she made her debut as a guest judge on the third season of ABC reality TV show “Shark Tank”. Beginning from the 4th season, she began appearing as one of the main judges together with Robert Herjavec, Kevin O’Leary, Daymond John, Barbara Corcoran, and Mark Cuban.
On the show, Greiner has been described as a warm-blooded shark, thanks to her enthusiasm to help budding entrepreneurs achieve their dreams. Greiner’s investments on Shark Tank have gone on to be tremendously profitable. Perhaps the most outstanding is her 2014 investment in Scrub Daddy which has grossed over $75 million in sales to become the biggest success story in the history of Shark Tank.
Scrub Daddy company is a producer of a “revolutionary” household sponge that changes texture – stiff in cold water and soft in warm water. Via her QVC show, Greiner has sold over 2 million units of the sponges as of July 2014.
Her other lucrative investments made via Shark Tank include:
- Squatty Potty
- Drop Stop
- Paint Brush Cover
- Hold Your Haunches, and
Greiner also appears on “Beyond The Tank” a spinoff of Shark Tank. The show which premiered in May 2015 on ABC focuses on the progress of businesses that were previously pitched by various entrepreneurs on Shark Tank.
Lori Greiner equally found success as an author, her 2014 book “Invest It, Sell It, Bank It! – Make Your Million Dollar Idea Into A Reality peaked at #3 on the Best Seller List of the Wall Street Journal.
What Personal Qualities/Skills Helped Lori’s Career?
The Loyola University graduate stated that she never planned to be a businesswoman but her success on the Home Shopping Network changed her perspective and career path. In the beginning, she learned a lot by doing almost everything herself and admitted that though it was time-consuming and made her lean, she saved a lot and equally learned in the process. Over the years, she has grown to understand a lot about businesses and how to get start-ups off the ground.
Notably, Lori has a hands-on approach when it comes to her investment decisions, she doesn’t just give money to an entrepreneur who has a convincing business idea and plan, but she goes further and get to know these entrepreneurs, encourages them where they need to and even standby them as they grow their business. She does this by calling them while the show is still filming. This quality has endeared her to a whole lot of aspiring entrepreneurs as she’s seen as someone with a compassionate heart and a good teacher.
A Breakdown of Her Salary and Net Worth
Lori wears many hats as a journalist, TV personality, entrepreneur, and investor. From the numerous things she has ventured into, the serial investor equally has a lot of money to show for it. As of this writing, her salary is $5 million annually from the Shark Tank reality TV alone while her net worth is reportedly $150 million going by Celebrity Net Worth’s latest update. Other websites reported theirs to be about $100 million but no matter which is correct, one fact that can’t be contested is that Lori is a multimillionaire.
Are you wondering how Lori Greiner got so rich? Well, it didn’t happen overnight. Lori made her money and is still making more by investing in many businesses that turned successful. At the earliest, she invested in herself with a $300, 000 student loan she took to cater for her studies, then following the commercial success of her 1996 plastic earring organizer, Lori was able to pay off the loan in a year and 6 months.
From this point, Lori left nothing to chance as she worked her way to the top. On Shark Tank, she has invested over $10 million which is equivalent to a 20% investment rate but has made the largest deal from ventures like Ruggedbutts and Rufflebutts for owning 9% of the business in a period of 5 seasons.
With her $150 million net worth, Lori in comparison with her co Shark Tank hosts stands ahead of Barbara Corcoran who is worth about $80 million while the likes of Robert Herjavec (worth $200 million), Daymond John (worth $300 million), Kevin O’Leary (worth $400 million) and Mark Cuban (worth $4.1 billion) comes ahead of her. Without a doubt, as she continues to make more profitable investments both on and off the show, we should see Lori add more digits to her overall financial standing.
She Spends More on Philanthropy than Luxury
Lori does not enjoy her millions alone. She carves out a chunky portion for philanthropic causes. According to her, fulfillment only comes when your success makes a positive impact in the lives of others. In the past, she has partnered with Charitybuzz and raised over $126,000 for projects like:
- Kind Campaign
- The Trevor Project
- Chicago Police Memorial Foundation,
- CASA for children, and others.
Aside from this, Lori has also extended her generosity to The Salvation Army, a Christian church, and an international charitable organization and Habitat for Humanity.
On a personal note, she’s not one to that show’s off her wealth on social media as it’s typical with many celebrities who have lots of cash. However, this doesn’t mean Lori is a miser. The businesswoman cum serial investor has been spotted a couple of times vacationing in Europe and Asia. Coming to cars, She owns a Mercedes-Benz SLS AMG. There’re rumors she owns a mansion in Pennsylvania, but
Her Husband Quit His Job to Support Their Businesses
- Full Name: Daniel Greiner
- Date of Birth: Undetermined
- Occupation: Entrepreneur and Inventor
- Years Active: Undetermined
- Spouse: Lori Husman Greiner
- Number of Children: None
Lori is married to Daniel Greiner and they have been together for well over two decades as of this writing. The couple first met in 1996 at the Lincoln Park Bar Kincaid in Chicago following which they became friends. As time progressed, their friendship advanced into dating and by 2010, they became husband and wife. At the moment, they don’t have a child yet but the serial entrepreneur and money bag say she loves children and would not mind having them around.
Before Dan met Lori, he had a job as a controller at Bell and Howell but later resigned to support his wife’s entrepreneurial pursuits. Today, his sacrifices and that of his wife have paid off as they have not only been successful in several businesses but have also helped others succeed in theirs.
Dan like Lori is an inventor and seasoned entrepreneur; his reportedly worth about $100 million he shares with his wife. He serves as For Your Ease Only Inc. Vice President and Chief Financial Officer. Thus, while Lori spearheads the business, legal, and marketing aspects of their family business, Dan coordinates activities involved in the packaging, shipping of products/orders to end-users as well as accounting, and taking inventory of products.
A Look at Lori Greiner’s Body Measurements
Lori who is in her late forties has made a name for always being in good shape. We can say that the millionaire entrepreneur is a lover of body-fitted velvet dresses which accentuates her signature hourglass figure.
- Height: 5’ 4” (163 cm)
- Weight: 131 pounds (59 kg)
- Breasts: Waist-Hips – 37-26-37 inches (94-66-94 cm)
- Dress Size: 8
- Shoe Size: 7.5
|Also Known As:||The Queen of QVC, the shark with a heart|
|Profession:||Television personality, inventor, and entrepreneur|
|Famous For:||TV shows "Shark Tank", "Beyond the Tank"|
|Colleges/Universities Attended:||Loyola University Chicago|
|Educational Qualifications:||BA in Communications|
|Birthday & Zodiac |
|Age/Date of Birth:||December 9, 1969|
|Birth Place:||Chicago, Illinois, U.S.|
|Country of Residence: ||United States of America(USA)|
|Height:||5 feet 7 inches (170 centimetres)|
|Other Body Measurements:||Breast: 36inches|
|Family and Relatives|
|Estimated Net Worth:||$100 million|
|Source of Wealth:||Investments, TV roles, books|