Lori Greiner Net Worth: Early Life, Career And Much More
Lori Greiner’s Net Worth
With a net worth of $150 million, Lori Greiner is an American jewelry designer and judge on the ABC reality show Shark Tank. Grenier is a successful businessman and inventor who has developed over 700 goods and received 120 patents in the United States and around the world.
On December 9, 1969, in Chicago, Illinois, Lori Greiner entered the world. She was born in Chicago and raised there as the second daughter of a property developer and a psychotherapist. When she was eight years old, her parents split up. She attended Loyola University Chicago and graduated with a BA in communications, with a concentration in journalism. While she was in school, she had a job at the Chicago Tribune. She started out hoping to one day become a playwright. She was in the jewelry business.
Midway through the 1990s, Lori Greiner came up with a plastic case that could carry up to a hundred pairs of earrings. Her earring holder was so successful that J. C. Penney bought it before the holidays. Greiner made a contract with JC Penney in her first six months of operation. In less than a year, she was peddling her wares on cable television, where she quickly found an audience and eventually sold 2,500 earring holders in the first two minutes of her debut. Her earring organizer premiered on the Home Shopping Network, where it quickly sold out and brought in over a million dollars for her in just one year. In just 18 months, she was able to repay the $300,000 loan she used to manufacture her earring organizer with the money she made from sales. Greiner’s firm generated over $10 million in revenue in just three years. More than $350 million has been made in sales of Greiner’s For Your Ease Only trademark by 2010.
Her wares are mostly storage containers with prices ranging from $16 for a tiny anti-tarnish jewelry box to $299 for a rotating, mirrored jewelry cabinet. The 24-hour cable channel QVC accounts for 80% of her earnings. She has been hosting one of the longest-running shows on QVC, “Clever and Unique Creations by Lori Greiner,” since the year 2000.
She has created more than 700 items for both sexes, helping consumers find better homes for their jewelry, makeup, remote controls, hidden sweaters, and even food. She has been granted over a hundred patents in the United States and elsewhere for her inventions.
At the first-ever Women’s Entrepreneurship Symposium held by the United States Patent and Trademark Office in 2011, she was the featured speaker. O, The Oprah Magazine, InStyle, Woman’s Day, and Family Circle are just a few of the publications that frequently feature Greiner’s wares. She has been featured in a wide variety of media outlets, including The View, Bloomberg, CNN, and dozens more. Oprah has chosen her Initial Silver Safekeeper as a favorite item.
Lori began her role as a judge on the hit television show Shark Tank in 2012. Her 2014 investment in Scrub Daddy, maker of a household sponge that changes texture, was hailed as one of the show’s most successful deals. More than two million Scrub Daddy sponges were sold by Greiner in a single day on QVC. Along with Bantam Bagels (little stuffed bagels), Squatty Potty, Readerest, Paint Brush Cover, Hold Your Haunches, Drop Stop, FiberFix, Simply Fit Board, Sleep Styler, and Screenmend were among Greiner’s first investments on Shark Tank.
A book she wrote in 2014, Invent It, Sell It, Bank It! : Make Your Million-Dollar Idea Into a Reality, was the third best-seller that week in the Wall Street Journal. As of 2019, Shark Tank was airing its eleventh season. In 2014, 2015, 2016, and 2017, the show received the Primetime Emmy Award for Outstanding Structured Reality Program.
Lori also works as a keynote speaker for organizations like the American Heart Association, Coldwell Banker, Adobe, PayPal, and Chase.
You should NEVER give up on your dreams. I just watched Mark Cuban and Lori Greiner make a deal on Shark Tank for a human dog bed. 🤣🤣😭😭
— Will (@Will_NSS) October 25, 2022
Dan Greiner is Lori’s husband. Despite the obvious chemistry between them, they didn’t start dating until the year 2000 after meeting in a pub in Chicago’s Lincoln Park neighborhood in 1996. Before starting at Lori’s For Your Ease Only in 1999, he worked as an assistant controller. There was a wedding in 2010 for Lori and Dan. He currently holds the position of a chief financial officer at his wife‘s business.
“The Queen of QVC” is a title often applied to Lori Greiner.
As her name suggests, Lori likes to spend her time in the evenings sleeping. She gets her best work done after midnight, so she hits the hay at 2. She always works out right before bedtime because it helps her relax and drift off. She enjoys watching Empire, House of Cards, and Bloodline while working out on the treadmill.
Through Charitybuzz, Lori was able to raise almost $126,000 for the organizations close to her heart, including The Trevor Project, Kind Campaign, CASA for children, and the Chicago Police Memorial Foundation. She also often gives to charities like the Salvation Army and Habitat for Humanity.
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