The estimated net worth of Lori Greiner is $150 million.
Lori Greiner is an American reality TV star and jewelry designer. As a self-made entrepreneur, Lori is the inventor of more than 1,000 products and holds 120 US patents.
She is most known for her role as one of the investors on the hit TV show, Shark Tank.
Overview
Lori Greiner's net worth stats
| Net worth: | $150 million |
|---|---|
| Source of wealth: | Product invention |
| Date of birth: | December 9, 1969 |
| Place of birth: | Chicago, Illinois |
Early life
Born on December 9, 1969, in Chicago, Illinois, Lori Greiner is the daughter of a psychologist and real estate developer. Lori grew up in Chicago's Near North Side, and she has a sister. Her parents divorced when she was eight years old.
Education
Lori Greiner studied journalism at Loyola University Chicago, graduating with a BA in Communications.
While she studied in college, Lori worked in a staffing position at The Chicago Tribune. Her initial goal was to be a playwright, but she decided to start a business selling costume jewelry instead.
How did Lori Greiner build her net worth?
Lori Greiner founded her company For Your Ease Only in 1996. She got her first breakthrough in business in the ‘90s after designing a plastic organizer box to hold 100 pairs of earrings. The chain JC Penney picked up the organizer just in time for the Christmas shopping season, with the product being a smash hit with consumers.
Lori went on to sign a deal with JC Penney for more products six months later. That same year, Greiner began selling products on cable TV. She sold 2,500 earring organizers in two minutes on her debut show. The organizer went on to gross more than $1 million in sales, selling out in seconds after debuting on the Home Shopping Network.
Over her career, Lori designed and brought more than 700 products to market and holds 120 US patents. With the success of the earring organizer, Lori paid off the loan for the product development in 18 months, and her company went on to earn more than $10 million in sales over the next three years.
By 2010, Lori's For Your Ease Only brand pulled in more than $350 million in product sales. Greiner joined the reality TV show Shark Tank in 2012 alongside seasoned entrepreneur and early-stage investors Mark Cuban, Kevin O'Leary, Robert Herjavec, Barbara Corcoran, and Daymond John.
Lori Greiner’s 2014 investment in Scrub Daddy is one of the most successful investments originating from the Shark Tank show, selling more than 2 million units in a single day on QVC.
Some of Greiner's other Shark Tank investments include Squatty Potty, Bantam Bagels, Readerest, Hold Your Haunches, FiberFix, Drop-Stop, Styler, Simply Fit Board, and Sleep.
Aside from appearing on Shark Tank and HSN, Lori has also hosted QVC’s Clever & Unique Creations by Lori Grenier for 18 years.
Lori Greiner has other ventures, like starting her production company Good Place Entainment and publishing her book Invent It, Sell It, Bank It! Make Your Million Dollar Idea into Reality in 2014.
Lori also earns income through her lucrative speaking arrangements with high-profile companies like IBM, Chase, PayPal, Adobe, and the American Heart Association.
How has Lori Greiner spent her wealth?
Not much is known about Lori Greiner’s real estate properties, but Hello Magazine has reported that she has a fabulous home in Chicago.
For a multi-millionaire, she has what can be considered a small collection of luxury cars: a Mercedes Benz, a BMW, and a Rolls Royce.
So far, Lorie Greiner has invested more than $9.5 million on air. Lori has also invested in consumer goods, food and beverage companies, and beauty and wellness companies.
Lori has founded I Can Be, which aims to promote self-development in kids. She has also donated money to different causes, such as those that support the youth, underprivileged women, first responders, and healthcare workers.
FAQs
How rich is Lori Greiner?
With a reported fortune of $150 million, Lori Greiner is one of America's most successful female entrepreneurs. She has hundreds of products in her catalog and many patents, and she gives back to the entrepreneur community through her many investments on the Shark Tank reality TV show.
Was Lori Greiner born rich?
No, she didn’t. Lori Grenier was born into a middle-class family.
Image: Instagram
