Shark Tank is an ABC program in which budding entrepreneurs seek funding to start their own business. The entrepreneurs present their business ideas to the Sharks, who decide whether they want to invest in the business or not. Several companies that have appeared on the show have sought investment, even if it did not come from sharks. All of the sharks on the show are millionaires and have had very successful careers in business. They have mixed backgrounds, but everyone knows a good investment opportunity when they see it. The following list ranks sharks in order according to their net worth and provides information on how they earned their fortune.
1. Mark Cuban – Net worth $ 4.3 billion
Mark Cuban is by far the richest shark on the panel. His net worth is ten times that of the next shark on the list. He had an entrepreneurial streak from a young age, doing his best to earn money in high school and college. According to Biography, after college, Cuban moved to Dallas and started his own consulting firm called MicroSolutions. He eventually sold the company for $ 6 million. His next company was Broadcast.com, a service that allowed people to listen to reviews of basketball games online. This company was sold to Yahoo for $ 6 billion. In 2000 he bought the Dallas Mavericks basketball team. He has a very practical approach to ownership and has been credited with improving the club’s fortunes, both on and off the pitch.
2. Kevin O’Leary – Net worth $ 400 million
Kevin O’Leary attributes part of his success to the charisma he inherited from his Irish father. However, his mother was a savvy investor and taught him a lot about managing his money. One of the key things he instilled in him was that he always saved a third of his income. He knew from a young age, when he was fired from an ice cream parlor as a teenager, that he was not cut out to work for someone else. He wanted to be a photographer, but his stepfather encouraged him to attend college, where his interest in business and investing continued to grow. In 1986 he founded the SoftKey software company. He and his partners, John Freeman and Gary Babcock, ran the company from a basement in Toronto. It became one of the largest software companies in Canada, after making many acquisitions, and was eventually sold to Mattel for $ 4.2 billion. O’Leary remained a part of the company after the sale, but left when sales began to decline.
3. Daymond John – Net worth $ 300 million
Daymond John was the founder of the iconic ’90s fashion brand FUBU, which started from his apartment in Queens. To date, the company has 5,000 stores around the world and they have sold more than $ 6 billion worth of clothing. According to Celebrity Net Worth, some of her clothing is on display at the Smithsonian’s National Museum of African American History and Culture. He has spent a lot of time throughout his career developing products that help others get their businesses off the ground. He is a co-founder of Next Level Success and also founded Daymond On Demand, both online training programs for entrepreneurs. During his time on Shark Tank, he has invested more than $ 8.5 million in projects that have been featured on the show. If these investments have paid off, this is likely to further increase your net worth in the future.
4. Robert Herjavec – $ 200 million net worth
Robert Herjavec was born in Croatia before emigrating to Canada. The first company he founded was BRAK Systems and this was sold to AT&T for $ 30.2 million. Three years later, he founded The Herjavec Group, which started with just three employees. The main focus of the company is to provide managed services and integrate security solutions. Today, the company employs 280 people and has annual revenues of $ 200 million. He is also the author of three books. The content of all of these is based on the mindset you must adopt in order to be successful in business and in life in general. He also speaks publicly on this topic, drawing on his own life experiences to motivate people to follow their dreams.
5. Lori Greiner – Net worth of $ 100 million
Lori Greiner is often referred to as “The Queen of QVC.” She began hosting a show on QVC called Lori’s Clever and Unique Creations in 2001. This is one of the longest running shows on the channel. His interest in jewelry began several years earlier when he raised $ 300,000 to start selling a jewelry organizer that he had designed. Groove Wallet reported that this product began to …