Barbara Corcoran is a businesswoman and philanthropist who is the founder of The Corcoran Group and has a net worth of $120 million. We will discuss Barbara Corcoran’s net worth and the events that led to her success in the real estate market.
Early Life
On March 10th, 1949, Barbara Corcoran was born in Edgewater, New Jersey. She went to St. Thomas Aquinas College and got a degree in education, after which she tried teaching for about a year but wanted something greater; Barbara wanted to be her boss.
After working at 20 odd jobs that included waitressing, she decided to start her own real estate business with money from an ex-boyfriend.
So when it came time for the moment of truth and giving up this job or not, Barbara took advantage of what seemed like fate by starting The Corcoran Group with $1000 loaned from him before he ran away with her secretary–but left Barbara’s company alive and thriving.
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Barbara married her husband, Bill Higgins, and had their first child in 1994. They also adopted a daughter, Kate. She got her investor savvy by working with the right people early on in her career, and it’s shown to be a significant component of how she managed to keep expanding her empire over time.
Barbara also says she receives support from Bill, which drove much of why they could scale so quickly while still serving at the FBI during 9/11-related events.
Career Beginnings
Barbara Corcoran is an entrepreneur and a real estate expert who transformed her $1,000 into billions. In 2001, the businesswoman sold her real estate company to NRT LLC for 70 million dollars.
She has mentioned that she was not a straight-A student in high school or college several times. Still, by using her innate entrepreneurial talents, she made it up to become one of New York City’s most recognizable personalities.
Not only does Barbara Corcoran host CNBC’s “The Millionaire Broker with Barbara Corcoran” show, but she also writes columns for major magazines such as ‘More Magazine’ and ‘Red Book.’
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Besides hosting NBC TODAY’s “Real Estate Contributor” show on NBC, Ms. Corcoran also writes weekly columns for the New York Daily News newspaper about new developments shaping this industry.
The Corcoran Group
The Corcoran Group is a privately-held real estate company founded by Barbara Corcoran in 1972. The company has been instrumental in revitalizing New York City’s commercial real estate market and is one of the largest residential real estate firms in the United States. The company has 1,500 agents and more than 125 corporate employees.
Why She Left the Business?
In 1978, Barbara Corcoran left the business with a net worth of $1 million. She attended New York Law School and returned to work on Wall Street as a corporate attorney.
She found her real passion when she met her future husband, Tom. Tom was a real estate agent, and he introduced Barbara to the world of real estate. She started as his secretary but eventually became his partner in the business.
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Today and Tomorrow
Barbara Corcoran started her career as a receptionist at a small brokerage firm in the 1970s. After being promoted to salesperson, she became the top agent within two years. In 1976, Corcoran launched The Corcoran Group, one of New York City’s largest residential real estate firms.
Today, Barbara’s net worth is $120 million, and she credits her success to her ability to read people, be decisive and be competitive. She also advises young people to be competitive and never give up because it will pay off in the long run.
“If you have one person who has the same level of intelligence as you do but has been competing for 15 years more than you have, and he has five more years on top of that, then he’s going to kick your butt.”
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What is Barbara Corcoran’s net worth?
Barbara Corcoran is one of the wealthiest women in America with a reported fortune of $100 million. Barbara makes her money through investments and book deals, among others. She is also an accomplished author and investor and appears on ABC’s Shark Tank.
Corcoran is a business consultant and television producer. She provides consultancy through her company called Barbara Corcoran Inc. In the show Shark Tank, she offers investments to start-ups in exchange for their companies’ equity, like with Baker’s Square Cakery or Outerknown apparel line by surfer Kelly Slater. The first season had eight successful businesses out of the 12 startups that Corcoran invested in as an investor on the show.
Barbara Corcoran is an admirable entrepreneur. She has penned many books that include “If You Don’t Have Big Breasts, Put Ribbons on Your Pigtails,” “Amazing Places to Live the Rest of your Life”, and “Nextville.” These business books are best-selling in the market as they provide a lot of education related to business and entertainment. Barbara Corcoran is an inspirational, motivational speaker. Her inspiring attitude towards life greatly influences young businessmen and women. She is a prominent figure living in New York City with her husband and two children.
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Conclusion
Barbara Corcoran is a highly successful investor and entrepreneur who has been a part of the Forbes 400 list since 2006. She is a true entrepreneur who has started and sold many businesses, but Corcoran is best known for founding The Corcoran Group in 1973. She is best known as a shark on ABC’s Shark Tank and has also made appearances on Oprah, The Today Show, and Good Morning America.
She left the company in 2001 and now runs Barbara Corcoran Inc., which invests in small businesses. She has served as the Chairperson of the National Association of Real Estate Women since 1990.
She has written six books and has partnered with Sotheby’s International Realty to bring her latest book, You Can Be a Real Estate Millionaire, to market.
