Lori Greiner Net Worth (Money & Salary)

What is Lori Greiner’s net worth?

Lori Greiner, an American jewelry designer and reality television judge, has amassed a net worth of $150 million. Known for being a self-made inventor and entrepreneur, she has developed over 700 products and possesses 120 U.S. and international patents. Lori gained recognition as one of the “Sharks” on the hit business reality series “Shark Tank.”

Salary

From her business For Your Ease Only and her contribution to ABC’s Shark Tank, Lori Greiner earns approximately $5 million annually. She receives $50,000 per episode, totaling around $1.2 million per season for her role on Shark Tank.

Early Life

Born on December 9, 1969, in Chicago, Illinois, Lori Greiner was raised on the Near North Side of Chicago as the second daughter of a real estate developer and a psychologist. After her parents’ divorce when she was eight, she pursued an education in communications with a journalism emphasis at Loyola University Chicago, where she also worked for the Chicago Tribune. Initially aspiring to be a playwright, she also made and sold costume jewelry.

HSN Design Career

In the mid-1990s, Lori Greiner invented a plastic organizer that could hold up to 100 pairs of earrings. This earring organizer caught the attention of J. C. Penney, and it became a bestseller during the holiday season. Within six months of launching her business, Greiner secured a deal to produce products for J.C. Penney. A year later, she showcased her items on cable TV, managing to sell 2,500 earring organizers in merely two minutes during her debut. Her earring organizer generated over $1 million in sales within its first year and sold out quickly on the Home Shopping Network. The revenue from this product enabled her to repay a $300,000 loan she had taken to manufacture it within 18 months. In just three years, her business reached over $10 million in sales. By 2010, her brand For Your Ease Only achieved sales exceeding $350 million.

Her product range, primarily focused on organization solutions, varies in price from $16 for a small anti-tarnish jewelry box to $299 for a rotating, mirrored jewelry cabinet. Approximately 80% of her sales are made through QVC, where she has been hosting a successful monthly show called “Clever and Unique Creations by Lori Greiner” since 2000, making it one of the longest-running shows on the network.

She has introduced over 700 products catering to both men and women, providing innovative solutions for organizing items such as jewelry, makeup, remote controls, clothing under beds, and cooking supplies. With more than 100 patents registered in the U.S. and internationally, her inventiveness is well recognized.

In 2011, Lori served as the keynote speaker for the inaugural Women’s Entrepreneurship Symposium hosted by the United States Patent and Trademark Office.

Shark Tank

Regularly, Greiner’s products feature in magazines such as O The Oprah Magazine, InStyle, Woman’s Day, and Family Circle. She has also been highlighted in Parade, Financial Times, Forbes, Success, and Entrepreneur, along with appearances on The View, Bloomberg, CNN, and various others. Notably, her Initial Silver Safekeeper was selected as one of Oprah’s favorite items.

In 2012, Lori became a judge on the hit reality show Shark Tank. Her investment in Scrub Daddy, a company known for its innovative sponge, gained recognition as one of the greatest triumphs in the history of Shark Tank in 2014. Greiner sold over 2 million Scrub Daddy sponges in a single day on QVC. Additionally, her early investments on Shark Tank include Bantam Bagels (mini stuffed bagels), Squatty Potty, Readerest, Paint Brush Cover, Hold Your Haunches, Drop Stop, FiberFix, Simply Fit Board, Sleep Styler, and Screenmend.

In 2014, she penned the book Invent It, Sell It, Bank It!: Make Your Million-Dollar Idea Into a Reality, which peaked at #3 on the Wall Street Journal’s bestseller list.

Additionally, Shark Tank has garnered Primetime Emmy Awards for Outstanding Structured Reality Program in the years 2014, 2015, 2016, and 2017.

Lori is also a hired speaker for distinguished corporations such as Chase, IBM, Adobe, PayPal, Coldwell Banker, and the American Heart Association, among others.

Personal Life

Lori Greiner is married to Dan Greiner. Their first meeting occurred in 1996 at a bar named Kincaid’s, located in the Lincoln Park area of Chicago. However, despite their chemistry, they didn’t begin dating until 2000. Dan, who was an assistant controller at the time, joined Lori’s company, For Your Ease Only, in 1999. The couple tied the knot in 2010, and he currently serves as the CFO of her business.

Lori Greiner is often referred to as “The Queen of QVC.”

A night owl by nature, Lori usually goes to bed around 2 am, as she feels more energized at night. As part of her nightly routine, she exercises before sleeping, which helps her wind down. While on the treadmill, she enjoys watching her recorded shows, with favorites that include Empire, House of Cards, and Bloodline.

In partnership with Charitybuzz, Lori has successfully raised over $126,000 for various causes that she supports, including The Trevor Project, Kind Campaign, CASA for children, and the Chicago Police Memorial Foundation. Every year, she also contributes to multiple humanitarian organizations.
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not limited to the Salvation Army and Habitat for Humanity.

Real Estate

In Chicago, Lori and Dan Greiner possess a residence, along with another one located in suburban Philadelphia close to the QVC headquarters.