Short Summary
Barbara Corcoran is a renowned American businesswoman, investor, speaker, and television personality. She gained fame as a real estate mogul and as one of the "Sharks" on ABC's popular television show, "Shark Tank." Known for her sharp business acumen and charismatic personality, she built one of New York City's largest and most successful real estate companies, The Corcoran Group. Her journey from a struggling entrepreneur to a multimillionaire is an inspiration to many aspiring business leaders.
Early Life & Education
Barbara Corcoran was born on March 10, 1949, in Edgewater, New Jersey, into a working-class family. Growing up as one of ten children, she learned the value of hard work and perseverance from an early age. Her father worked various jobs, while her mother managed the bustling household. Despite struggling with dyslexia, she graduated from St. Thomas Aquinas College in 1971 with a degree in education. Her early life was marked by determination and a desire to carve out a successful path on her own terms.
Career Highlights
After a brief stint as a teacher, Barbara Corcoran ventured into the world of real estate. In 1973, she co-founded The Corcoran-Simonè with a $1,000 loan from a boyfriend. Over the years, she grew the company into The Corcoran Group, one of New York City's largest residential real estate firms. In 2001, she sold her business for $66 million. Her career took another turn when she became a prominent investor on "Shark Tank," where she has invested in numerous successful ventures and gained a wider audience for her business insights.
Major Achievements
- Founded The Corcoran Group, one of New York City's leading real estate firms, in 1973.
- Sold The Corcoran Group for $66 million in 2001.
- Became a well-known investor on ABC's "Shark Tank," influencing numerous startups.
- Authored several best-selling books on business and entrepreneurship.
- Recognized as a motivational speaker, sharing her expertise worldwide.
Famous Quotes
- "The difference between successful people and others is how long they spend feeling sorry for themselves."
- "Don't you dare underestimate the power of your own instinct."
Interesting Facts
- Barbara Corcoran struggled with dyslexia throughout her school years.
- She held 22 different jobs by the time she was 23 years old.
- Corcoran once turned a rent-controlled building into a lucrative investment by thinking creatively.
- She is known for her colorful style and often sports bright, bold outfits on "Shark Tank."
- Corcoran has invested in over 50 businesses through "Shark Tank."
Legacy / Influence
Barbara Corcoran's legacy is marked by her transformative impact on the real estate industry and her role as a mentor to budding entrepreneurs. Her success story serves as a testament to the power of resilience and creativity in business. Through her television presence and public speaking, she has inspired countless individuals to pursue their entrepreneurial dreams and to approach challenges with confidence and innovation.
FAQ
Q: Why is Barbara Corcoran famous?
A: She is famous for her success in the real estate industry and as an investor on "Shark Tank."
Q: What was Barbara Corcoran's first business?
A: Her first business was a real estate company, The Corcoran-Simonè, which later became The Corcoran Group.
Q: How did she start her real estate company?
A: She started her company with a $1,000 loan from a boyfriend, which she used to rent an office space in New York City.
Q: Has she written any books?
A: Yes, Barbara Corcoran has authored several books on business and entrepreneurship, sharing her knowledge and experiences.
