Barbara Corcoran is an American real estate magnate, investor, speaker, consultant, and author. She’s also a popular face at ABC Shark Tank, where she displays so much savvy.
Interestingly, the self-made millionaire wasn’t born with a silver spoon and had the humblest start you could imagine. Once speaking in an interview, Corcoran said she sometimes finds it hard to believe that she had accomplished most of the things that she fantasized about as a child.
From sharing a room in her parents’ apartment with her nine siblings to owning an apartment on Fifth Avenue, how did she do it? How did Barbara Corcoran – a straight D student become one of America’s most influential and popular real estate moguls with a number of properties under her care? Here are the facts you need to know.
Barbara Corcoran Age and Early Life
Cocoran was born in the factory town of Edgewater, New Jersey, on March 10, 1949 , as Barbara Ann Corcoran. She is one of ten children of her parents. As a child, Corcoran remembered sharing a room with his nine siblings in their parents’ two-bedroom apartment.
Growing up, she wasn’t one of those kids to describe as brilliant. As mentioned earlier, Barbara was a simple D student. She was branded a deaf-mute brat due to undiagnosed dyslexia, which has remained her driving force until now as she always tries to prove her intelligence. The lady has a degree in education which she obtained from St. Thomas Aquinas College.
Net Worth and Real Estate Investments
Barbara Corcoran always wanted to be her own boss. After holding 22 positions, including those of teacher and waitress, in 1973 Cocoran co-founded a real estate company called The Corcoran Group with her boyfriend and business partner who took out a $1,000 loan.
Two years later, the company boasted 14 agents and half a million dollars in sales. In the mid-1970s, Barbara began publishing The Corcoran Report on trends in New York real estate data. But after five years of business, she lost her business partner. Cocoran’s boyfriend pulled out of the business after telling her he was married to Corcoran’s secretary.
He also told her that she would never make it without it, but the years 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 it the queen of New York real estate.
In 2001, she sold the Corcoran Group to NRTIncorporated for $66 million. Explaining why she sold the already successful real estate company, the business mogul said that despite being hugely successful at the time, she still felt miserable and so had to make a list of what to do. she loved and hated. It helped her realize that she likes to make people happy, that she has always loved the media and the attention of the crowd. so she decided to get into the television business.
She became a Shark investor on ABCTank’s Shark show and has to date completed a total of 52 deals on the show (including tandem projects). His biggest investment in the series to date is with Coverplay for $350,000.
Barbara is an author and also a columnist for The Daily Review, New York Daily News, Redbook and Plus Magazine. She has been featured on various shows including Larry King Live and has been a speaker at various real estate events.
The business mogul also consults through her consulting and television production company, Barbara Corcoran Inc. She’s been known to contribute to NBC’s Today show as it’s common knowledge that she hosts The Millionaire Broker with Barbara Corcoran on CNBC.
The real estate mogul is currently worth $80 million. Besides the $66 million she made from the sale of her company in 2001, her average investment is estimated at $103,113, while the median amount of her investments is $75,000. Corcoran has invested over $5.4 million in the air.
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Barbara Corcoran Husband and children
Barbara is currently married to Bill Higgins, a retired Navy captain from the Persian Gulf War who is also a former FBI agent. The couple married in 1988.
In 1994 Bill and Barbara welcomed a son they named Tom. She had Tom through in vitro fertilization, IVF. It is said that her younger sister donated the egg.
The couple later adopted a daughter, Kate, who Corcoran says has learning difficulties.