Inventor Lori Greiner's Net Worth is around $50 million. What are her sources of income?
Lori Greiner is an American inventor, television personality and an entrepreneur. She is famous as a cast member of the reality TV show Shark Tank. She has been called "The Queen of QVC".
Lori has a whopping net worth of $50 million and some pretty good sources of income to support that net worth.
Inventor Lori Greiner's career
Chicago, Illinois native, Lori Greiner began working for the Chicago Tribune while since her college days. During the time, she was studying for a degree in Communications with a focus on Journalism, Television, and Film.
After considering a career as a writer, Lori started working in the consumer products field.
Lori has designed a plastic organizer to organize up to hundred pairs of earrings, while writing plays. Her earring promoter went on to make over a $1 million dollars within the year and sold out right away on the Home Shopping Network.
Lori Greiner is one of the most prolific inventions
She has over 400 inventions and 120 patents in the US and abroad for kitchen accessories and likes. Lori Greiner shared with business Insider that she borrowed money from her husband Dan Greiner to create a sample product.
The QVC Queen also presents a popular monthly show on QVC called "Clever and Unique Creations by Lori Greiner".
In the year 2011, Greiner was the guest speaker at the first United States Patent and Trademark Office Women's Entrepreneurship Symposium.
Aa of recently Lori has become famous for being one of the judges on the popular reality television show "Shark Tank".
Lori has been featured in a number of magazines including Forbes and Oprah's "O" Magazine. Forty-seven-year-old, Lori Greiner is now considered as one of the most prolific inventors of retail products.
Greiner is also the boss and founder of the Chicago-based company 'For Your Ease Only, Inc' established in 1996. Hercompany does product development and marketing as well.
Lori Greiner's net worth and income sources
An American jewelry designer and reality television judge, Lori Greiner has a net worth of $50 million dollars. Entrepreneur Lori Greiner created a sample product that was picked up by J.C. Penney before the holiday season.
Eighteen months later the earring product was a mega hit.One of the wealthiest female American entrepreneurs Lori's present vehicle is the luxurious Mercedes SLS AMG.
Her red supercar is furnished with cool falcon wing doors , the vehicle has a starting price of $220,000. Greiner made over one million dollars within the very first year of the launch of her jewelry box. So, getting a mercedes with falcon wings wasn't a big deal for her.
Her book 'Invent it, Sell it, Bank it! Make Your Million Dollar into a reality' was a huge success reaching the #3 spot in the Wall Street Journal’s Best Seller List.
Lori Greiner with her red supercar
Greiner resides in a modest home in the Gold Coast area of Chicago, Illinois. Lori has opted to live with her husband in a cozy 2 bedroom, 2 baths, condominium. The condo has is estimated to have a value of $672,000.
Lori Greiner's luxurious home
Lori made a $200,000 investment for a 25 percent stake in the company 'Scrub Daddy'. It only had $100,000 in sales before Greiner's deal. She expands her source of income through investing in beauty products.