QUICK ANSWER: As of 2019, Lori Greiner’s net worth is estimated to be around $100 million. This was all started with a $300,000 loan to build her first company, which went on to make $1 million in sales in the first year. Her net worth also takes into consideration her many successful investments on Shark Tank. The most notable of the bunch being Scrub Daddy, where she invested $200,000 for 25% equity in the business. Scrub Daddy went on to grow to over $50 million in sales and is still growing today.
Lori Greiner was born on December 9, 1969 in Chicago, Illinois. She is an American entrepreneur, inventor and TV personality and has a net worth of $100 million. Greiner is well known for her role as an investor on Shark Tank, a business reality show, which airs on ABC. She is also an investor on Beyond the Tank, Shark Tank’s spinoff show.
Greiner has often been called the “Queen of QVC.” She earned this nickname in 2000 due to her show, Clever & Unique Creations. Lori Greiner is also the founder and president of For Your Ease Only.
Greiner grew up near the North Side of Chicago. She attended college at Loyola University Chicago, where she received her bachelor’s degree in Communications. During her college years, she worked for the Chicago Tribune. Greiner also worked briefly as a jewelery seller and designer and playwright.
Lorie Greiner is married to Dan Greiner. The couple tied the knot in 2010. They met at Lincoln Park in Chicago and now work together at Lori’s company, For Your Ease Only.
Greiner created a patented plastic earring organizer in 1996. The product was pickup up by J.C. Penney before the holiday shopping season which allowed her to pay off the $300,000 loan for the product in just a year and a half. Greiner has patented several other products in various categories such as jewelry storage, cosmetic organization, electronics, travel, and household items. She is also involved in television products, capital investing and product design consulting.
After her J.C. Penney success, Greiner expanded her company. Her earring organizer appeared on the Home Shopping Network and in Bed, Bath and Beyond. Soon after, she transitioned to QVC, where she landed her own show in 2000. Greiner’s Clever & Unique creations is one of the longest running shows on the QVC network.
Lori’s Professional Success
Lori Greiner is popular for her work as an entrepreneur and self-made inventor. She has created more than 700 products and has 120 international and U.S. patents. Greiner has also been recognized as one of the most talented inventors of modern times.
Greiner is perhaps most popular due to her involvement with the ABC show Shark Tank as an investor. Shark Tank has won four Emmy Awards and five Critic’s Choice Awards. On the show, Greiner invests in companies and makes it possible for other entrepreneurs to live their dreams. She also has her own QVC-TV show called Clever & Unique Creations by Lori Greiner. The show has been on the air for 17 years.
Lori Greiner has several creative products that meet a range of customer needs. She’s consistently adding new items to her inventory. She sells everything from home organizers and kitchen tools to travel bags and other items that provide useful solutions for everyday problems. Greiner creates products that are geared toward men and women and is known for making some of the most popular cosmetic and jewelry organizers in history. Greiner’s inspiration for inventing comes from her desire to make people’s lives easier. She sells her products on QVC, and many of Greiner’s inventions are also available in the U.S. and Europe.
Greiner’s professional success comes from her strong business sense and gut instinct. She manages the patent and legal processes for her products and has led her business to notable success. Greiner is a patent expert and takes a hands-on approach to all aspect of taking a product from idea to execution, so that the product can hit the market in a matter of months. Greiner also has a knack for helping entrepreneurs who are just starting out and want to turn their concepts into best-selling products. The recipe to Greiner’s success in business is a combination of determination, hard work and skill. She is an admirable example for women of various ages and recently received recognition from the Paley center as an Important Woman In Television.
Lori strongly believes that if people have the opportunity to make a mark in business, giving back should be an obligation. Her most satisfying moments come from helping new business owners accomplish their goals and have a chance at experiencing the prosperity she has enjoyed. Greiner has also emphasized throughout her career that character is what matters most in a person. She and her company donate a large amount of their profits to several charities every year. Greiner’s story is definitely encouraging in today’s risky economic climate.
Writing A Book & Public Speaking
As an effort to continue paying it forward, Greiner wrote her first book, Invent It, Sell It, Bank It, which was published by Random House in 2014. The book was a National Best Seller and was cited as one of Amazon.com’s top 10 business books.
The book also made the Wall Street Top Business book list in 2014. Invent It, Sell It, Bank It offers a hands-on, realistic approach for turning an idea into a million-dollar company. Greiner takes readers step by step through the process of establishing a business and continuing to make a profit. She also shares personal stories about her professional journey that readers find relatable and inspiring.
Additionally, Greiner also speaks at public engagements and is often asked to speak for high-profile organizations like PayPal, Adobe, the American Heart Association, Chase and IBM, among others. During her speeches, Greiner encourages listeners to lead by example and utilize honest principles when doing business. This further emphasizes her belief in helping others to experience success and teach what they have learned.
Greiner’s products are often featured in some of the top publications in the U.S., including InStyle, O, The Oprah Magazine, Family Circle and Women’s day. She has also been profiled in Forbes, Success, Parade, Entrepreneur, and Financial Times. Greiner has appeared as a guest on CNN, Bloomberg and The View, among other popular shows.
Greiner’s Initial Silver Safekeeper was also selected as one of Oprah’s favorite things.
Greiner joined Shark Tank in 2012. Two years later, her investment in Scrub Daddy became one of the biggest success in the history of Shark Tank. Scrub Daddy offers a texture-changing household sponge for cleaning.
Greiner’s other early investments on Shark Tank include Bantam Bagels, which were mini stuffed bagels. The company was acquired by T. Marzetti Company in 2014. She also invested in Hold Your Haunches, Fiberfix, Sleep Styler, Squatty Potty, Readerest, Screenmend and Paint Brush Cover, among other products.
Greiner has stated that she can tell right away if a product will fail or success in the market. She’s exhibited this skill several times in her lucrative investments and has the most success stories of any Shark Tank investor to date.
Lori Greiner’s Net Worth
As of 2019, Lori Greiner’s net worth is estimated to be around $100 million. This was all started with a $300,000 loan to build her first company, which went on to make $1 million in sales in the first year. Her net worth also takes into consideration her many successful investments on Shark Tank. The most notable of the bunch being Scrub Daddy, where she invested $200,000 for 25% equity in the business. Scrub Daddy went on to grow to over $50 million in sales and is still growing today.