Barbara Corcoran is one of the most inspiring figures in the world of business and entrepreneurship. Best known as a sharp and insightful investor on ABC’s hit show Shark Tank, Barbara’s journey from humble beginnings to a $100 million net worth is a testament to grit, ingenuity, and resilience. Let’s dive into the story of this self-made businesswoman, TV personality, and best-selling author who’s proof that hard work pays off.
Early Life: Humble Beginnings in New Jersey
Barbara Ann Corcoran was born on March 10, 1949, in Edgewater, New Jersey. Now 75 years old, she grew up in a bustling Irish-Catholic household with nine siblings. Despite being dyslexic, Barbara’s determination and charisma shone through even as she faced academic challenges. She attended St. Cecilia High School before transferring to Leonia High School after struggling with her studies.
Barbara’s journey to success wasn’t linear. She held 22 jobs before finding her calling in real estate. After earning a degree in education from St. Thomas Aquinas College in 1971, Barbara briefly worked as a teacher. However, her entrepreneurial spirit pushed her to explore other opportunities.
The $1,000 Investment That Changed Everything
At the age of 23, Barbara started working as a receptionist for the Giffuni Brothers’ real estate firm. It wasn’t long before she realized she wanted more. With a $1,000 loan from her then-boyfriend Ray Simone, Barbara co-founded a real estate firm called Corcoran-Simone in 1973. The business marked the beginning of her incredible career.
However, Barbara’s personal life took a sharp turn when her relationship with Simone ended. He left her for her secretary and told her she would never succeed without him. Undeterred, Barbara rebranded the firm as The Corcoran Group and set out to prove him wrong. Her determination paid off, and the company became one of New York City’s most successful real estate firms.
The Sale of The Corcoran Group
In 2001, Barbara made headlines when she sold The Corcoran Group to NRT (National Realty Trust) for an impressive $66 million. The sale marked a major milestone in her career and catapulted her into the ranks of New York’s most influential businesswomen. It also laid the foundation for Barbara’s foray into other ventures, including television, writing, and investing.
Shark Tank and Media Ventures
Barbara joined the cast of Shark Tank in 2009, and her no-nonsense approach quickly made her a fan favorite. Over the years, she has closed more than 130 deals on the show, including her largest investment: $350,000 for 40% of Coverplay. Her role on Shark Tank has solidified her status as a trusted and savvy investor.
Beyond the tank, Barbara has authored several books, including If You Don’t Have Big Breasts, Put Ribbons on Your Pigtails, Nextville: Amazing Places to Live Your Life, and Shark Tales: How I Turned $1,000 into a Billion Dollar Business. Her books offer practical advice, life lessons, and an inside look at her journey to success.
Barbara’s media presence extends beyond her books and Shark Tank. She has hosted podcasts like 888-Barbara and Business Unusual with Barbara, as well as CNBC’s The Millionaire Broker with Barbara Corcoran. She’s also made appearances on popular shows like Drop Dead Diva and Grace and Frankie, showcasing her dynamic personality.
Family Life and Personal Triumphs
Barbara married retired Navy captain and former FBI agent Bill Higgins in 1988. Together, they have two children: Tom, born in 1994 through in vitro fertilization using an egg donated by Barbara’s sister Florence, and Kate, who they adopted in 2005. Barbara has often spoken about the joys and challenges of balancing her career with motherhood, crediting her family for keeping her grounded.
Despite her professional success, Barbara has faced personal challenges, including living with dyslexia. She has spoken openly about how this condition shaped her resilience and problem-solving skills, proving that obstacles can be stepping stones to greatness.
Real Estate Success and Investments
Barbara’s love for real estate didn’t end with the sale of The Corcoran Group. In 2001, she and her husband purchased a 2,700-square-foot Park Avenue apartment for $3.5 million. In 2015, they upgraded to a stunning Fifth Avenue penthouse for $10 million. The 11-room home features a solarium, conservatory, and a landscaped terrace, embodying the elegance and luxury Barbara has worked so hard to achieve.
Barbara Corcoran’s Net Worth and Legacy
Today, Barbara Corcoran boasts a net worth of $100 million. Her fortune is a testament to her entrepreneurial spirit, sharp business acumen, and fearless determination. From a $1,000 loan to a multi-million-dollar empire, Barbara’s story is an inspiration to aspiring entrepreneurs worldwide.
Her legacy goes beyond her financial success. As a mentor, author, and media personality, Barbara continues to inspire others to chase their dreams and embrace their unique journeys. Whether she’s closing deals on Shark Tank or sharing wisdom through her books and podcasts, Barbara’s impact on the business world is undeniable.
Lessons from Barbara’s Journey
Barbara Corcoran’s life is a masterclass in resilience and reinvention. Her story teaches us that setbacks are opportunities in disguise, and success comes to those who dare to dream big and work hard. With her infectious energy, sharp wit, and unwavering confidence, Barbara has become a beacon of inspiration for anyone looking to turn their small beginnings into a big success.