Lori Greiner Biography

Lori Greiner is a renowned inventor and entrepreneur from Chicago, Illinois. She grew up with a passion for creativity, always seeking new ideas and solutions. After studying communications at Loyola University Chicago, she initially pursued a career in journalism.

In her late twenties, Lori designed a unique jewelry organizer that could hold a multitude of earrings. Recognizing its potential, she patented the product and secured a deal with J.C. Penney before the holiday season. The organizer became a massive success, allowing her to pay off her initial loan in just 18 months.

Building on this achievement, Lori continued to invent and innovate. Over the years, she has created over 700 products and holds 120 U.S. and international patents. Her inventions span various categories, including home organization, kitchen tools, and travel accessories.

Lori’s knack for understanding consumer needs led her to QVC, where she began hosting her own show, “Clever & Unique Creations by Lori Greiner.” Her charisma and genuine approach resonated with viewers, making her a staple on the network for over two decades. She became known as the “Queen of QVC,” a testament to her success and influence.

In addition to her business ventures, Lori is an author and philanthropist. She penned the bestseller “Invent It, Sell It, Bank It!” where she shares her journey and offers practical advice to aspiring entrepreneurs. Her commitment to giving back is evident through her support of various charities focused on education, health, and empowering women.

Lori’s story is one of determination, innovation, and a genuine desire to help others. She continues to inspire countless individuals with her products, mentorship, and contributions to the entrepreneurial world.

Lori Greiner Net Worth

Lori Greiner has amassed significant wealth through her successful career as an inventor, entrepreneur, and television personality. As of 2024, her net worth is estimated to be around $150 million. This impressive figure is the result of her various business endeavors, investments, and media appearances.

Her journey to wealth began with the soaring success of her initial product, the jewelry organizer. The organizer’s popularity and rapid sales allowed her to expand her business rapidly. She smartly reinvested her profits into developing new products, further increasing her income.

Lori’s long-standing relationship with QVC has been a substantial contributor to her net worth. Hosting her own show, she reached millions of viewers, selling her innovative products directly to consumers. Her ability to connect with audiences translated into high sales figures over the years.

Her role on “Shark Tank” has also played a significant part in her financial success. As an investor on the show, Lori has made strategic deals with entrepreneurs, many of which have yielded substantial returns. Investments in companies like Scrub Daddy and Squatty Potty have been particularly lucrative, adding millions to her wealth.

Aside from her product sales and television earnings, Lori’s book “Invent It, Sell It, Bank It!” contributed to her net worth. The book’s success showcased her expertise and expanded her influence beyond the business world.

Lori’s diverse portfolio, including patents, successful investments, and media engagements, has solidified her financial standing. Her savvy business acumen and innovative mindset continue to drive her wealth and success.

Journey to Shark Tank

Lori Greiner’s path to becoming a prominent “Shark” on the hit show “Shark Tank” is a remarkable tale of ambition and achievement. Her journey began with her early successes as an inventor and entrepreneur, which caught the attention of television producers.

After her significant accomplishments with QVC and a growing portfolio of products, Lori was invited to join “Shark Tank” in its third season. Her real-world experience and ability to spot winning products made her an ideal addition to the panel of investors.

On the show, Lori quickly became known for her approachable demeanor and keen insights. She often focuses on products that are practical and have mass-market appeal. Entrepreneurs appreciate her straightforward feedback and genuine interest in helping them succeed.

Lori’s investments on “Shark Tank” have led to some of the show’s most successful stories. She has a knack for identifying products that solve common problems, and her guidance has propelled many businesses to new heights. Her involvement doesn’t stop at investment; she actively mentors and supports entrepreneurs as they navigate growth.

Her journey to “Shark Tank” reflects her commitment to innovation and helping others realize their dreams. Lori sees the show as an opportunity to give back and inspire the next generation of entrepreneurs. Her presence has become an integral part of what makes “Shark Tank” engaging and impactful.

Some Facts About Lori Greiner

• Early Life: Born on December 9, 1969, in Chicago, Lori had a passion for creativity from a young age.
• Education: She studied communications at Loyola University Chicago, initially considering a career in journalism.
• Inventions: Lori has created over 700 products and holds 120 U.S. and international patents.
• Nickname: Known as the “Queen of QVC,” she has hosted her own show on the network since 1998.
• Author: She wrote the bestseller “Invent It, Sell It, Bank It!” offering advice to aspiring entrepreneurs.
• Philanthropy: Lori actively supports charities focused on education, health, and women’s empowerment.
• Family: She is married to Dan Greiner, who plays a key role in her company.
• Public Speaking: Lori frequently speaks at events and universities, inspiring others with her story.
• Television: Aside from “Shark Tank,” she has appeared on other shows, sharing her expertise.
• Personal Approach: Lori believes in helping others and often goes above and beyond for entrepreneurs she mentors.

These insights into Lori’s life highlight her multifaceted career and dedication to making a positive impact.

List of Shark Tank Companies Invested by Lori Greiner

Lori Greiner has invested in numerous innovative companies on “Shark Tank,” helping them achieve remarkable success. Here are some of her most notable investments:

1. Scrub Daddy: A smiley-faced sponge that changes texture with water temperature. Lori invested $200,000 for 20%, leading to over $200 million in sales.
2. Squatty Potty: A toilet stool designed to improve posture and health. Her $350,000 investment for 10% helped the product become a household name.
3. Simply Fit Board: A balance board for workouts. Lori’s $125,000 for 20% stake resulted in significant sales and widespread popularity.
4. Sleep Styler: Heat-free hair rollers for styling while sleeping. She invested $75,000 for 25%, boosting the company’s growth exponentially.
5. Drop Stop: A device preventing items from falling between car seats. Lori’s $300,000 investment for 20% led to substantial sales success.
6. Readerest: Magnetic eyewear holders. Her investment helped bring the product to a broader market, resulting in impressive sales figures.
7. Bantam Bagels: Mini stuffed bagel bites. Lori invested $275,000 for 25%, contributing to the company’s expansion and eventual acquisition.
8. Bug Bite Thing: A tool that alleviates insect bite irritation. Her $150,000 investment for 10% helped the product reach international markets.
9. PhoneSoap: A smartphone sanitizer using UV light. Lori’s $300,000 for 10% stake aided in the company’s growth amid rising health concerns.
10. Hairy Grabster: A device to catch hair in the shower. Lori’s investment facilitated product development and marketing efforts.
11. Jeska Shoe
12. SeedSheet

Lori’s investments reflect her eye for practical products that solve everyday problems. Her support has been instrumental in transforming these companies into success stories.