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How Is Barbara Corcoran Net Worth $100 Million?

In this article we’ll talk about Barbara Corcoran net worth, how she built her fortune, and key lessons from her impressive journey.

First of All, Who Is Barbara Corcoran?

Barbara Ann Corcoran is an American investor, columnist, businesswoman and television personality. She was born in Edgewater, New Jersey on March 10, 1949.

Florence, her mother, was a housewife. Over the course of Corcoran’s youth, her father, Edwin W. Corcoran Jr., changed jobs frequently. Her family occasionally relied on food delivery for free from a helpful neighborhood grocer.

In 1971, Corcoran earned an education degree from St. Thomas Aquinas College.

Corcoran resides in Manhattan with her husband Bill Higgins, a retired Navy captain and former FBI agent.

In 1988, they got married. Using an egg donated by her sister Florence, Corcoran gave birth to their baby through in vitro fertilization in 1994. The couple also adopted a daughter afterwards.

Another interesting fact about Corcoran is that she was paired with Keo Motsepe when she was revealed as a contender for season 25 of Dancing with the Stars in September 2017.

Barbara Corcoran Net Worth and How She Achieved It

Barbara Corcoran net worth is $100 million as of 2023.

She amassed her fortune by working as an investor, columnist, businesswoman and television personality.

Corcoran gained fame since she started to appear as “Shark” investor on the popular ABC television series “Shark Tank.”

According to some magazines, she makes approximately $500,000 per episode, however we couldn’t confirm this information on any official source.

Barbara Corcoran established The Corcoran Group in NYC in 1973 (formerly known as Corcoran-Simone), which was sold to NRT in 2001 for $66 million.

The podcasts “The Millionaire Broker with Barbara Corcoran” on CNBC, “888-Barbara” and “Business Unusual with Barbara” have all been presented by Barbara.

Not to mention, the successful businesswoman writes columns for “Redbook,” “More,” “The Daily Review,” and “New York Daily News,” and she has written three books.

Several television programs, such as “Drop Dead Diva” (2013) and “Grace and Frankie,” have featured Barbara as well.

Another important source of Barbara Corcoran net worth is her set of properties. A 2,700 square foot apartment on Park Avenue cost Barbara and Bill $3.5 million to purchase in 2001. The pair paid $10 million for an eleven-room Fifth Avenue penthouse in 2015; the penthouse has a solarium, conservatory, and manicured patio.

Barbara Corcoran on Social Media

On Instagram, Barbara has 865K followers and she usually posts pictures of herself with inspirational quotes written in them.

On Twitter, Barbara has 739K followers and she usually posts videos of herself giving advices and inspirational thoughts.

Barbara Corcoran Quotes

  • “The joy is in the getting there. The beginning years of starting your business, the camaraderie when you’re in the pit together, are the best years of your life. So rather than being so focused on when you get big and powerful, if you can just get the juice out of that… don’t miss it.”
  • “I was a hot-dog stand lady, I was an orphan housemother, I was a waitress 3 or 4 times. All of those jobs did not have good bosses. They basically told you what to do, when to do and when to hop. And I just didn’t like that very much.”
  • “Most great entrepreneurs I know are nothing like the other kids. They’re almost like tangent lines – those lines that seem to go nowhere. Nothing connects them, until they get out in the real world. Then they connect just fine.”

Source: Brainy Quote

Key Takeaways from Barbara Corcoran Career

Have faith in your vision

Barbara shared that when she was starting in the business, she borrowed $1,000 from her boyfriend. That money was invested correctly and they started the Corcoran – Simone real estate firm.

That same company was sold in 2001 for $66 Million.

What this demonstrates is that we have to have faith in our dreams. You might start from zero, but if you really have faith in your vision and work hard, you will make your dream become bigger than you would have ever imagined.

Don’t limit your talent

Besides being an investor and television personality, Barbara also loves to write. So far, she has written several books.

This shows us that we never have to limit ourselves with our talents. We have to experiment with new skills and show ourselves how much we can actually achieve.

Be patient

Barbara said that by the time she was 23 she had already worked 20 jobs until she got the chance to start the real estate firm Corcoran – Simone. 

This shows us that no matter how much time or work it might take us to reach our goals, we must be patient and never remove our eye from our main purpose.

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Photo: Jacqueline Zaccor, CC BY 2.0, via Wikimedia Commons