Failures are one step closer to success. Barbara Ann Corcoran, the US entrepreneur, federated writer, investor, and luminary – proved that disagreements, rejections, and diseases cannot stop one from becoming victorious in life.
She established The Corcoran Group, an immovable business in New York City but eventually sold the company. Corcoran participated in all 14 seasons of ABC’s Shark Tank.
This article will show you the journey of Corcoran’s life, her career, and net worth.
Corcoran was brought up in the working-class Irish-Catholic community of Edgewater, New Jersey, as the second youngest of a family of ten. Her mother, Florence was a domestic maker. Edwin W. Corcoran Jr, her father switched employment regularly during Corcoran’s formative years. From a very young age, she experienced poverty.
Corcoran battled throughout her tenure in school and was later identified with dyslexia. She started high school at Englewood’s St. Cecilia High School after attending a nearby Catholic elementary school. Corcoran moved to Leonia High School where she earned a D grade. Gradually her performance improved after attending the College of St. Thomas Aquinas in 1971, with a degree in education.
Corcoran and her spouse Bill Higgins tied the knot in 1988 and live together in Manhattan. He was a senior Navy captain and an erstwhile FBI agent who was a veteran of the Gulf War. Utilizing an embryo delivered by her sister Florence, Corcoran underwent in vitro fertilization in 1994 and became the mother of a girl child. She loves being along the coast and also skiing is some of her interests.
She was the co-founder of the Corcoran Group, the company that grew into a business empire, with the help of a $1,000 loan from her suitor. Barbara Corcoran’s net worth peaked by the time she sold her $66 million company to NRT, a division of the National Realty Trust, in 2001.
As a millionaire broker, Barbara Corcoran attracted media attention from the New York Daily News and other publications. After finding success as a broker, she shook hands with other entrepreneurs from the show Shark Tank, such as Kevin O’Leary and Kevin O’Leary as a shark. Corcoran was paired with Keo Motsepe when she came to light as a contestant for season 25 of Dancing with the Stars in September 2017.
Corcoran received funding from apps, including, Bring Me Time, Calm, Paycom, and Inkshares. According to TechCrunch, the Calm app raised $75 million and was valued at $2 billion in December 2020.
Furthermore, Corcoran has invested in companies like AptDeco NoiseAware, Movr, Remoov, and All the Rooms which allow customers to purchase and sell acquired furniture. Corcoran also made investments in food and beverage industries like Pork Barrel, Daisy Cakes, Cousins Maine Lobster, and BBQ.
The assets of Barbara Corcoran include three luxury yachts, six cars, and ten real estate properties. Also, there are more than $20 million in cash reserves in Barbara Corcoran’s asset portfolio. 13 NYSE stocks make up her $15 million investment collection, which she owns. Corcoran also owns interests in Walmart, Apple, AT&T, Costco, IBM, and Intel.
As of June 2023, Barbara Corcoran’s net worth is expected to be $190 million, and annual earnings exceed $24 Million. On the television program Shark Tank, she completed 130 transactions in January 2023, representing the biggest investment of $350,000 for 40% of Coverplay.
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