Known for her role as a judge on the hit show Shark Tank- a show that gives aspiring inventors a shot at their own fame and fortune- Lori Greiner was a successful inventor of her own. She founded her own marketing company and then went on to become a TV show host based on her own types of products.
Lori Greiner is an American inventor, entrepreneur, and Television show host.
Lori Greiner’s Net Worth: $100 Million
Greiner’s inventions are what turned her into a millionaire practically overnight. Her investments in companies whose products would be featured on her QVC show earned her even more money. At age 47, she earns a salary of about $4 million.
1996-1998
Greiner founded the marketing company “Founded For Your Ease Only” in 1996. The company goal was and still is to produce products and focus on their marketing. She currently serves as the company’s president with her husband serving as its CFO.
After patenting a jewelry box that could hold over 100 pieces of jewelry. In the beginning, she faced financial crisis forcing her to borrow money in an effort to save her business. Sure enough, her invention was picked up by JC Penny. It only took a little over a year to earn millions of this product.
In 1998, she made her television debut by becoming the host of “Clever and Unique Creations by Lori Greiner.” On the show, that aired on QVC, she presented her own products as well as products of other’s promoting these inventions and making others profit as well as herself.
2012-2014
In 2012, She joined the reality tv show, “Shark Tank” which gave aspiring entrepreneurs the chance to present their self-invented products to a panel of judges which included Greiner. During her time on the show, she invested the sponge company “Scrub Daddy” and sold more than 2 million sponges through her television show.
In 2014, she wrote and published her first book titled, “Invent It, Sell It, Bank It!: Make Your Million-Dollar Idea into a Reality.”
2016-Present
She has gone on to invest in several other ventures, including an eyeglass company known as “ReadeRest” which she has profited greatly off of. Her own products are still featured in publications including “Woman’s Day” and “Instyle.”
Greiner is still a full-time judge on “Shark Tank” continuing to give others a chance to get their ideas heard and profit off of them.
