Barbara Corcoran is a US real estate mogul, investor, speaker, consultant, and author. She is also a popular face in ABC’s shark tank, where she shows so much expertise.
Interestingly, the self-made millionaire was not born with a silver spoon and had the most humble beginning imaginable. In an interview, Corcoran once said that she sometimes finds it hard to believe that she has achieved most of the things she imagined as a child.
From sharing a room in her parents’ two-bedroom apartment with her nine siblings to owning a penthouse on Fifth Avenue – how did she manage it? How did Barbara Corcoran – an all-D student – become one of America’s most influential and popular real estate moguls with a number of properties in her care? Here are the facts you need to know.
Barbara Corcoran Age and Early Life
Cocoran was born on March 10, 1949, in the factory town of Edgewater, New Jersey, as Barbara Ann Corcoran. She is one of her parents’ ten children. As a child, Corcoran remembered that she shared a room with her nine siblings in her parents’ 2-bedroom apartment.
As she grew up, she was not one of those children who would be considered intelligent. As already mentioned, Barbara was a straight D student. She was labeled a dull and stupid child due to undiagnosed dyslexia, which has remained her driving force to this day as she always tries to prove her intellect. The lady has a degree in education, which she obtained at St. Thomas Aquinas College.
Net Worth and Real Estate Investments
Barbara Corcoran always wanted to be her own boss. After working in 22 professions, including teaching and waitressing, Cocoran founded a real estate company called The Corcoran Group in 1973, along with her friend and business partner who granted her a $1,000 loan.
Two years later, the company boasted a turnover of 14 estate agents and half a million dollars. In the mid-1970s, Barbara began publishing the Corcoran report on the development of real estate data in New York City. But after five years in business, she lost her business partner. Cocoran’s friend retired from the business after he announced that he would marry her (Corcoran’s) secretary.
He also told her that she would never succeed without him, but years have passed and Corcoran proved him wrong. By early 2000, the company had made more sales than any other competitor in all of New York City, making her the queen of the real estate industry in New York.
In 2001, she sold The Corcoran Group for $66 million to NRT Incorporated. The business mogul explained to her the reason for selling the already successful real estate company and said that despite her great success at the time, she still felt unhappy and therefore had to make a list of what she loved and what she hated. This helped her realize that she loves making people happy, that she has always loved the media and the attention of a crowd, so she decided to get into the television business.
She became an investor in the ABC show Shark Tank and has so far closed a total of 52 deals on the show (including tandem deals). Her biggest investment in the show so far is the one with cover play for $350,000.
Barbara is an author and also a columnist for The Daily Review, New York Daily News, Redbook, and More Magazine. She has appeared in several shows, including Larry King Live, and has been a guest speaker at various real estate events.
The business mogul also advises on her consulting and television production business, Barbara Corcoran Inc. It is known that she is featured on NBC’s Today show, as well as it is widely known that she co-hosted The Millionaire Broker with Barbara Corcoran on CNBC.
The real estate mogul is currently worth $80 million. Apart from the $66 million she earned by selling her company in 2001, her average investment is estimated at $103,113, while the median value of her investments is $75,000. Corcoran has invested over $5.4 million on air.
Barbara Corcoran’s Husband and Children
Barbara is currently married to Bill Higgins, a retired Persian Gulf War naval captain who is also a former F.B.I. agent. The couple married in 1988.
In 1994, Bill and Barbara welcomed a son named Tom. She got Tom through in vitro fertilization, IVF. It is said that her younger sister donated the egg.
The couple later adopted a daughter, Kate, who according to Corcoran is learning disabled.