Robert Herjavec Biography
Born in 1962 in Croatia, Robert Herjavec’s early life was far from the luxury he enjoys today. When he was eight years old, his family fled communist Yugoslavia and settled in Canada. They arrived with a single suitcase and only $20, starting their new life from scratch.
Growing up in Toronto, Robert faced many challenges adapting to a new country and language. His father worked in a factory, instilling in him the values of hard work and perseverance. Robert often credits his father’s resilience as a significant influence on his own success.
He attended the University of Toronto, where he graduated with a degree in English literature and political science. Despite his academic background, he initially took on various odd jobs to help support his family. These included waiting tables and delivering newspapers.
His entry into the business world began when he landed an unpaid position at Logiquest, a computer startup. Robert worked diligently and soon rose through the ranks. His dedication paid off when he was appointed general manager, showing his aptitude for leadership and innovation.
In 1990, Robert founded BRAK Systems, a Canadian integrator of Internet security software. Under his guidance, the company grew rapidly and became a leader in its field. In 2000, he sold BRAK Systems to AT&T Canada for $30.2 million, marking his first major financial success.
Not one to rest on his laurels, Robert continued to pursue new ventures. He established The Herjavec Group in 2003, focusing on information security solutions. Today, it is one of the largest and most respected cybersecurity firms in Canada, with offices around the world.
Beyond his business achievements, Robert is also a best-selling author and a philanthropist. He has written books sharing his insights on entrepreneurship and success. His charitable efforts support various causes, including medical research and supporting underprivileged youth.
Robert’s journey from immigrant to millionaire showcases his hard work, determination, and entrepreneurial spirit. His story inspires many aspiring entrepreneurs around the globe.
Robert Herjavec Net Worth
Robert Herjavec’s financial success is a result of decades of hard work, smart investments, and entrepreneurial ventures. As of 2023, his net worth is estimated to be around $200 million. This substantial wealth places him among the most successful businessmen and investors of his generation.
His journey to accumulating this wealth began with the sale of his first company, BRAK Systems, which he sold to AT&T Canada for $30.2 million in 2000. This significant transaction marked his emergence as a prominent figure in the technology and cybersecurity industry.
In 2003, Robert founded The Herjavec Group, focusing on cybersecurity solutions and services. Under his leadership, the company expanded rapidly, serving clients across North America and beyond. The Herjavec Group’s success has been a major contributor to his growing net worth.
Robert’s role on the hit television show “Shark Tank” has also added to his wealth. As a regular investor on the show, he not only earns from his television appearances but also from the profitable investments he makes in promising startups. Many of these investments have yielded significant returns, further enhancing his financial standing.
Apart from his business ventures, Robert has also authored several books that have sold widely. His books share insights on business strategies, leadership, and achieving success, adding to his income streams. His engaging writing style and practical advice have made his books popular among entrepreneurs and business enthusiasts.
Robert’s net worth reflects not just his business acumen but also his diverse interests and investments. He owns several luxurious properties, including a mansion in Toronto and a home in Los Angeles. His collection of high-end cars and passion for racing also represent part of his personal wealth.
While enjoying his wealth, Robert remains committed to giving back to the community. He supports various charitable organizations and initiatives, contributing both his time and resources. His philanthropy focuses on healthcare, education, and helping those in need.
Robert Herjavec’s net worth reflects his relentless pursuit of success, strategic investments, and dedication to his ventures. His financial achievements continue to inspire many who aim to follow in his footsteps.
Journey to Shark Tank
Robert Herjavec’s path to becoming a familiar face on “Shark Tank” began long before the show’s debut. His extensive experience in building and selling companies made him an ideal candidate for the role of an investor on the popular television program.
After achieving remarkable success with BRAK Systems and The Herjavec Group, Robert became recognized as a leading figure in the business world. His expertise in technology and cybersecurity, coupled with his immigrant success story, caught the attention of television producers.
In 2006, Robert joined the cast of “Dragon’s Den,” a Canadian television show where entrepreneurs pitch their ideas to a panel of investors. His appearances on “Dragon’s Den” showcased his sharp business sense and personable demeanor. Viewers appreciated his straightforward feedback and willingness to mentor budding entrepreneurs.
The success of “Dragon’s Den” in Canada led to the creation of “Shark Tank” in the United States in 2009. Robert was invited to be one of the original sharks on the show, bringing his expertise and charisma to a wider audience. Alongside other prominent investors, he began evaluating business proposals from entrepreneurs seeking investment.
On “Shark Tank,” Robert quickly became known for his thoughtful approach and genuine interest in helping entrepreneurs succeed. He often connects with individuals on a personal level, sharing his own experiences to encourage and motivate them. His kindness and professionalism have made him a favorite among both contestants and viewers.
Being part of “Shark Tank” has not only expanded Robert’s influence but also provided him with opportunities to invest in innovative companies. Through the show, he has discovered and partnered with businesses that align with his interests and expertise. These investments have contributed to his continued success and reputation as a savvy investor.
Robert’s journey to “Shark Tank” exemplifies how his professional achievements and personal qualities have combined to make him a respected figure on television. His participation in the show allows him to share his knowledge, support emerging businesses, and inspire audiences around the world.
For Robert, “Shark Tank” is more than just a television show; it’s a platform to foster entrepreneurship and innovation. His involvement reflects his commitment to giving back and helping others realize their dreams, much like he did when he first started out.
Some Facts About Robert Herjavec
Robert Herjavec’s life is filled with intriguing details that highlight his diverse interests and achievements. Here are some facts that offer a deeper look into who he is beyond his business ventures.
- Immigrant Roots: Robert’s family fled from communist Yugoslavia to Canada when he was a child. They arrived with very little, which taught him the value of hard work and perseverance from an early age.
- Started with Odd Jobs: Before finding success in business, Robert worked various jobs to support his family. He waited tables, delivered newspapers, and even worked as a collection agent. These experiences shaped his work ethic and determination.
- Passion for Racing: Robert has a deep passion for car racing. He competes in Ferrari challenge races and has participated in prestigious events like the Lamborghini Super Trofeo. Racing provides him with an adrenaline rush and a way to pursue his hobby.
- Author of Best-Sellers: He has written several books, including “Driven: How to Succeed in Business and in Life” and “The Will to Win: Leading, Competing, Succeeding.” His writings share insights into his philosophy on success and leadership.
- Philanthropic Efforts: Robert is actively involved in philanthropy. He supports organizations like the Seattle Children’s Hospital and the Union Gospel Mission. His charitable work focuses on healthcare and helping those less fortunate.
- Family Man: Robert is a devoted father. He has three children from his first marriage and twin daughters with his current wife, Kym Johnson. Balancing family life with his business ventures is important to him.
- Television Appearances Beyond “Shark Tank”: Besides “Shark Tank,” Robert participated in “Dancing with the Stars” in 2015. He partnered with professional dancer Kym Johnson, whom he later married. His appearance showcased his willingness to try new things.
- Committed to Cybersecurity: Even with his various interests, Robert remains deeply committed to cybersecurity. He often speaks at conferences and events, sharing his expertise on the importance of protecting information in the digital age.
- Multiple Awards and Honors: Throughout his career, Robert has received numerous awards, including the Queen Elizabeth II Diamond Jubilee Medal. These honors recognize his contributions to business and the community.
- Lifelong Learner: Robert believes in continuous learning. He often emphasizes the importance of staying curious and adapting to new challenges. This mindset has helped him stay ahead in the ever-changing business environment.
These facts highlight the multifaceted nature of Robert Herjavec. His interests span from business and technology to family and personal passions. Understanding these aspects of his life provides a fuller picture of the man behind the success.
List of Shark Tank Companies Invested by Robert Herjavec
Throughout his tenure on “Shark Tank,” Robert Herjavec has invested in numerous companies that span a variety of industries. His investment portfolio reflects his keen eye for innovative ideas and his willingness to support entrepreneurs with promising visions. Here are some of the notable companies he has invested in and the impact of his involvement.
Major Investments
Zero Pollution Motors: Robert made one of his largest investments with Zero Pollution Motors, committing $5 million for a 50% stake. The company focuses on developing eco-friendly vehicles aimed at revolutionizing the automotive industry. By supporting this venture, Robert demonstrated his interest in sustainable technologies and environmental solutions.
SynDaver Labs: Another significant investment was in SynDaver Labs, where Robert invested $3 million for a 25% stake. SynDaver produces synthetic human tissues for medical and educational purposes. This technology allows for realistic simulations in medical training, reducing the need for human cadavers. Robert’s investment helped the company expand its reach and enhance its products.
Successful Ventures
Tipsy Elves: One of Robert’s most successful investments is in Tipsy Elves, a company specializing in fun and unique holiday-themed apparel. He invested $100,000 for a 10% stake. After his investment, the company’s sales skyrocketed from $900,000 to over $100 million. Robert’s guidance and resources played a significant role in scaling the business.
Sand Cloud: Sand Cloud, a company that produces beach towels and accessories, received investment from Robert. Although the exact amount was not specified, his involvement helped the company grow sales from $800,000 to $75 million. Sand Cloud emphasizes sustainability by promoting marine conservation, aligning with Robert’s interest in socially responsible businesses.
Wicked Good Cupcakes: This mother-daughter duo presented their idea of cupcakes in a jar. Robert saw potential and invested an undisclosed amount. Following his investment, the company’s monthly sales increased from $7,000 to $400,000. His support helped them expand their production and distribution capabilities.
Grace and Lace: Robert invested in Grace and Lace, a company offering fashionable clothing and accessories for women. While the investment amount was not disclosed, the company’s annual sales grew from $1 million to $6.5 million after partnering with him. His experience in scaling businesses contributed to their rapid growth.
Other Notable Investments
Bouqs Co.: Robert participated in a funding round for Bouqs Co., a flower delivery service, helping raise $24 million. The company has since achieved $640 million in sales as of May 2023. This investment showcases his interest in supporting innovative e-commerce models.
PupBox: PupBox offers subscription boxes tailored for puppies. Robert’s investment, though not specified, played a part in the company being acquired by Petco. His involvement helped them reach a wider market and provided valuable industry connections.
Investment Philosophy
Robert believes strongly in the power of the entrepreneurial spirit. He often emphasizes that a great entrepreneur can make any product succeed. His investments reflect this philosophy, focusing on the founders’ passion, vision, and ability to execute. By partnering with entrepreneurs who demonstrate drive and innovation, Robert contributes not just capital but also mentorship and strategic guidance.
Overall, Robert Herjavec has made 57 investments across 126 episodes of “Shark Tank,” frequently collaborating with fellow shark Kevin O’Leary on 33 deals. His diverse investment portfolio spans technology, consumer products, sustainability, and more. His contributions have helped numerous companies grow and thrive, influencing the entrepreneurial community in meaningful ways.
