| Net Worth | $100,000,000 |
|---|---|
| Name | Lori Greiner |
| Date of Birth/Age | December 9, 1969 (age 49) |
| State/City of origin | Chicago, Illinois, U.S. |
| Height | 5'4 |
| Years active | 1996-Present |
| Occupation(s) | Television personality, investor |
Net Worth
Lori Greiner’s net worth is $100 million.
How Did Lori Greiner Make Her Money?
Lori Greiner is an inventor, business owner and reality TV personality. Greiner is known to most Americans as one of the “shark” investors on the Emmy-winning reality show Shark Tank, but she was well-established on the Home Shopping Network and QVC long before Shark Tank.
She is the founder of For Your Ease Only, a company devoted to developing storage, organizing and travel kits.
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Greiner is known as the “Queen of QVC” for her long association with that shopping channel and the many products she has sold on the channel.
The Warm-Blooded Shark
She is also called “the warm-blooded shark,” because she tends to be gentler with the contestants than the other sharks.
Greiner frequently offers helpful advice to the business owners, even if she isn’t doing a deal with them. She has won viewer hearts with her glamorous looks, long blonde hair and bubbly personality.
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Greiner’s first idea came to her when she was frustrated by her search for a jewelry box. Greiner was trying to figure out a way to organize her many pairs of earrings when she realized that there was no jewelry box that would work for her.
The Jewelry Box
She designed her own. Shortly after that, she realized that millions of women might want the same thing.
She was right. She found a manufacturer for her case and made a deal to sell it through J.C. Penney. Within 18 months, she was able to pay back her $300,000 business loan.
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Home Shopping Network
She then presented her case on the Home Shopping Network, where it was an immediate bestseller.
Greiner continued designing and selling a series of organizing products. Today, she is one of the top-selling designers on the network and the head of her own design, branding and investment company.
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Over 100 Patents
She has designed over 350 products and holds more than 150 patents for her designs. Since 1998, she has hosted the monthly show Lori’s Clever and Unique Ideas on QVC.
Queen of Patents
Geiner is known for her expertise on patents, because she has obtained many for her own products. In her books and on her Shark Tank appearances, she regularly stresses the importance of protecting your product idea with a patent so that other businesses can’t copy it.
She has designed courses to help entrepreneurs navigate the legal and paperwork processes for getting a patent.
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Greiner has written the books Invent It, Sell It, Bank It! and Living Inspired: How to Be Fearless.
Greiner has said that she can tell instantly if a product is a “hero or a zero,” and to back herself up, she points to her success with her own products and those she has promoted.
Shark Tank Successes
Her investments on Shark Tank have included the Bantam Bagels, Squatty Potty, Readerest, Paint Brush Cover, Hold Your Haunches, Drop Stop, FiberFix, Simply Fit Board, Sleep Styler and Screenmend.
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Lori Greiner Quick Facts
- She was born on December 9, 1969, in Chicago.
- She and her husband Dan Greiner live in Chicago.
- She has no children.
- She is 5 foot 4 inches tall.
Career
Grenier’s father was a real estate developer and her mother was a counseling psychologist. Both her parents had their own businesses.
From an early age, she was encouraged to think in terms of working for herself.
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College Life
In college, she majored in communications and worked on the college news station. She enjoyed the news business and especially enjoyed being on camera.
Greiner graduated from Loyola College in Chicago. She had a job at the Chicago Tribune and considered a career as a writer before she turned to inventing.
Social Media
Grenier is active on social media. In addition to her own web site, she has over 4 million followers on Facebook, over 1.8 million followers on Twitter and 542,000 followers on Instagram.
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Relationships
Greiner is very private about her personal life. She rarely talks about her husband or her family. She has been married since 2010.
Lori’s husband Dan Greiner told a magazine interviewer that when he first saw Lori’s business plan, he knew it would be huge. He was right. Lori said that he has always been totally supportive of her ambitions and plans.
Once her business started taking off, Dan quit his job in the financial industry to help her manage it. He currently serves as the Vice President and Chief Financial Officer of the company.
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Hundreds of Products
Greiner’s most famous products are her jewelry keepers. The original has been refined into the Safekeeper jewelry armoire, which holds over 350 pieces of jewelry neatly and compactly.
The safe has a tarnish-proof lining, a key lock and interior LED lighting.
She has also created a spinning, tabletop carousel that holds over 100 beauty and grooming products.
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She designed a travel bag called the Ultimate Cosmetic Travel Bag that stores, organizes and protects over 100 cosmetic items. This is one of QVC’s top items, regularly selling out when it goes on sale.
Grenier has not stopped inventing or looking for products that will help people stay organized.
A Great Promoter
Grenier is valued on QVC not only for her own designs, but for her ability to pitch and promote other products. When she pitched the Scrub Buddy on QVC, she was able to sell 7000 units in under 10 minutes.
She has become a reliable source for viewers who know that she will only promote products that she truly believes will make their lives easier.
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Interesting Facts About Lori Greiner
Her 2014 investment in the Scrub Daddy has been ranked as the most successful Shark Tank investment to date.
Favorite Quotes from Lori Greiner
“You often see a smart man with a dumb woman, but you hardly ever see a smart woman with a dumb guy.”
“I really feel that when your life is organized, you’re happier. You’re less crabby, you’re less stressed out, and life is just easier.”
Success Tips from Lori Greiner
1.“When I had challenges, it taught me to be more on top of it for the future. Things go wrong when you’re running your own business, but it’s how you perceive it and deal with it that matters.”
2.“In business, it is almost always about getting your foot in the door. Once you do, everything opens up, and things start to naturally progress into more and bigger opportunities.”
3.“I had an idea, I was passionate about it, and I had to work hard to turn that into a successful business.”
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