Lori Greiner Added Millions To Her Net Worth Outside Of Shark Tank

June 2024 · 7 minute read

Highlights

While Lori Greiner's net worth is nowhere close to Mark Cuban's $6.2 billion, she is nevertheless one of the most intuitive and business-savvy inventors-turned-investors on the Shark Tank show. The Chicago, Illinois native was invited to join the television series in 2012, which is the same year that Mark Cuban also made his appearance on the show.

And, as one might imagine, Shark Tank pays its hosts a pretty penny per episode, but that's not the only stream of income Greiner used to build her incredible net worth. As a matter of fact, she was grossing millions long before she was even considered as one of the show's hosts. Here's how Lori Grenier added to her net worth outside of Shark Tank.

6 What Is Lori Greiner's Net Worth In 2023?

Net Worth: $150 Million

Although Lori Greiner studied journalism and communications at Loyola University in Chicago, it was more so her inventions and products that built her a net worth of $150 million. Her entrepreneurial spirit took over in the mid-90s when she designed a plastic jewelry organizer that could hold up to 100 pairs of earrings.

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According to Celebrity Net Worth, within the first six months of launching her product, Lori Greiner signed a deal to create more products for JC Penny. Shortly after, she went on to make over $1 million with her earring organizer, and that figure only grew over the next few years. She is also a successful author, wise business investor, television personality, and paid speaker for distinguished companies like PayPal, Chase, IBM, and Adobe.

5 How Much Was Lori Greiner Paid On Shark Tank?

Payment Per Season: $1.2 Million

As aforementioned, Lori Geiner found incredible success with the sale of her products, but that was mainly due to her partnership with JC Penny as well as through marketing her products on the QVC television network. This led to her having her own show, Clever & Unique Creations, in 2000, which then led to Greiner replacing Barbara Corcoran as one of the judges on ABC's Shark Tank in 2012. According to Parade, she's making $50,000 per episode on the show, which works out to be $1.2 million per season (22 episodes). She joined the show in its 3rd Season, so she has been paid close to $10 million just to appear as a host on the show.

Aside from her base salary as a judge on the show, how much has Lori Grenier made from the private companies she invested in while on the show? One of those investments was in the cleaning sponge company, Scrub Daddy, which ended up being one of the biggest successes in Shark Tank history. Scrub Daddy raked in over $200 million in retail sales from 2014 to 2023, and Greiner's 20% equity stake in the company gives her a $9 million return from the profits. By 2023, her estimated earnings from the company had reached $40 million, according to Equity Atlas.

4 How Much Does Lori Greiner Make From Her Company?

Estimated Company Earnings: $350 Million

As is to be expected, Lori Greiner has added much more to her net worth from her company, For Your Ease Only, and from her other patents than she has from her Shark Tank salary. Her impressive net worth has listed her among the richest Sharks on Shark Tank. After her earring organizer made its first $1 million in sales, she went on to make $10 million in sales over the next three years.

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Lori Greiner makes 80% of her sales via the QVC television network, giving her the name "Queen of QVC" ever since she began hosting her monthly show, Clever and Unique Creations in 2000, which has been recognized as one of the longest-running shows on the network. The show became an excellent platform to market her products, and by 2010, her brand pulled in an estimated $350 million in sales. Using the success of her company brand as an example, Greiner has also been a mentor to entrepreneurs, has been featured in publications such as Forbes, Financial Times, Success, and Entrepreneur to name a few. Her book, Invent It, Sell It, Bank It!: Make Your Million-Dollar Idea Into A Reality, was published in 2014 and made it to #3 on the Wall Street Journal's Bestseller list.

3 How Much Has Lori Greiner Made From Other Shark Tank Business Investments?

Second-best Shark Tank Investment: Squatty Potty

Aside from her highly lucrative stake in the Scrub Daddy company, Lori Greiner has made a few other shrewd investments in private companies through Shark Tank that have proved to work out in her favor. According to Money Made, these are some of the Queen of QVC's other investments and how much profit they made over time:

Company Name

Company Worth

Greiner's Stake in the Company

Squatty Potty

$222 million

10% ($22.2 million)

AIRA

$4 million

15% ($600,000)

DropStop

$10 million

20% ($2 million)

Tangle Pets

$30 million

50% ($15 million)

Like any other smart investor, Lori Greiner puts her money to work for her, which is how she manages to maintain her $150 million net worth. But her other business investments don't stop with retail and consumer good. Let's find out what other industries she has ventured into business with.

2 How Much Has Lori Greiner Made From Food And Beverage Investments?

Best Shark Tank Investment: Scrub Daddy

While many of the other judges have been shrouded in scandals surrounding their personal businesses, Lori Greiner seems to be expanding her horizons and making investments in other industries. And although she's not the richest Shark on the show, she has shown her ability to take calculated risks that pay off. Her interest in the food and beverage industry has produced decent returns on her financial backing. These are some of her most lucrative investments in the food and beverage industry, according to Money Made:

Company Name

Company Worth

Greiner's Stake in the Company

Bantem Bagels/Bagel Stuffins

$34 million

25% ($8 million)

The Frozen Farmer

$5 million

30% ($1.5 million)

Cupboard Pro.

$15 million

4% ($600,000)

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Lori Greiner also discovered these companies while on Shark Tank, and while they may not have been as profitable as some of the other startups she's invested in, she proved that there is money to be made in the food and beverage industry. But there's another industry that works in tandem with the food and beverage business, where she also capitalized on her investments - the wellness and beauty industry.

1 How Much Has Lori Greiner Made From Beauty And Wellness Investments?

Instagram Followers: 1.1 Million

Lori Greiner's understanding of business is what has won her the Primetime Emmy Awards for Outstanding Structured Reality Program four years in a row. And it's for this reason that she has invested in the beauty and wellness industry in addition to the food and beverage industry - they tend to go together. These are some of the startups in the wellness and beauty space that have helped to make up her net worth:

Company Name

Company Worth

Greiner's Stake in the Company

Simply Fit Board

$15 million

20% ($3 million)

SleepStyler

$25 million (annually)

20% ($1.25 million)

SwipenSnap

$2 million

33.3% ($300,000)

Lori Greiner continues her role as a judge on the Shark Tank, and will appear in Season 15 which is scheduled for this fall. She also continues to own 120 patents, from which she leverages her earning potential as an inventor and entrepreneur.

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