Biography of Barbara Corcoran: Businesswoman, Investor, Television personality
Biography of Barbara Corcoran:
Early Struggles and the Start of an Entrepreneurial Journey
Barbara Corcoran, born on March 10, 1949, is an American
businesswoman, investor, and television personality. Her early years were far
from predictable; she struggled with school, receiving straight D’s in high
school and college. By the time she turned 23, she had worked 20 different
jobs, including waiting tables. Despite these humble beginnings, Barbara’s
determination and ambition led her to a breakthrough opportunity that changed
her life forever.
A $1,000 Loan Turns into a Real Estate Empire
At 23, Barbara made a bold move. She borrowed $1,000 from
her boyfriend, quit her waitress job, and started a small real estate company
in New York City. With no formal real estate experience but a strong drive to
succeed, she founded The Corcoran Group. Over the next 25 years, she grew her
business from a modest investment to a powerhouse, eventually making it the
largest real estate firm in New York.
The Growth of The Corcoran Group
Barbara’s vision for The Corcoran Group was simple but
powerful: to build a company that was more than just a real estate business,
but a household name. She used her people skills, innovative marketing
strategies, and extensive network to expand the company’s reach. Her approach
to real estate included publishing The Corcoran Report, a newsletter tracking
New York City’s real estate trends, which solidified her as a leader in the
field.
The Big Sale and a New Chapter
In 2001, Barbara sold The Corcoran Group to NRT for an
impressive $66 million. This sale marked the culmination of years of hard work
and innovation, and it also signaled the beginning of a new phase in her
career. With the sale of her real estate business, Barbara had the financial
freedom to pursue new ventures, but her entrepreneurial spirit didn’t let her
slow down.
The Birth of a Television Star
In 2009, Barbara became a household name when she joined the
cast of ABC’s “Shark Tank,” a reality show where successful entrepreneurs,
known as “Sharks,” listen to business pitches from hopeful entrepreneurs. As
one of the original Sharks, Barbara used her business acumen to invest her own
money into fledgling companies, helping them grow and thrive. Her direct,
no-nonsense critiques and entrepreneurial insights made her a standout on the
show.
Building a Brand Through Shark Tank
On “Shark Tank,” Barbara has made over 130 deals, with
investments ranging from small startups to large enterprises. One of her most
notable investments was in The Comfy, an oversized wearable blanket, which
turned a $50,000 investment into a staggering $468 million. Through her
appearances on the show, Barbara became one of the most recognized investors in
the business world, with millions of viewers tuning in each week.
Motivational Speaker and Public Figure
Beyond television, Barbara has made a name for herself as a
motivational speaker. She has spoken at numerous conferences and events,
sharing her story of overcoming early challenges and turning a small real
estate investment into a multi-million dollar business. Her candid, unfiltered
style resonates with audiences, inspiring entrepreneurs to take risks and
believe in their own potential.
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Hosting Podcasts for Personal and Business Advice
Barbara’s entrepreneurial expertise also extends to
podcasting. She hosts two popular podcasts: "Business Unusual with Barbara
Corcoran" and "888-Barbara." In these podcasts, she offers
practical advice on business, relationships, and personal growth. With her
signature straightforward style, she answers listener questions and interviews
guests, providing valuable insights for anyone looking to improve their life or
career.
A Focus on Early-Stage Investments
Barbara’s passion for helping startups thrive continues
through her venture capital efforts. In 2014, she co-founded Barbara Corcoran
Venture Partners, a syndicate that invests in early-stage companies. Through
AngelList, a platform that connects investors with startups, she gives
investors the opportunity to back promising new ventures, allowing them to
invest alongside her with as little as $1,000.
A Pioneering Force in Real Estate
Barbara’s influence in real estate continues through her
work as a syndicated columnist and her frequent appearances on major networks
as a small business and real estate expert. She has written columns for
publications like More and Redbook, and her insights are often featured on
shows like Larry King Live and NBC’s Today. Her vast experience and practical
advice have made her a trusted voice in the industry.
Dancing with the Stars and Publicity
In 2017, Barbara’s fame grew even further when she was
selected to compete on season 25 of "Dancing with the Stars." Paired
with professional dancer Keo Motsepe, Barbara showcased her lively and
charismatic personality, drawing attention to her from fans outside of the
business world. This foray into the entertainment world added to her already
impressive public profile.
Investing in Life-Changing Businesses
One of Barbara’s most notable investments came in 2017, when
she partnered with The Comfy, an innovative wearable blanket company. Barbara’s
$50,000 investment quickly turned into $468 million, cementing her reputation
as a savvy investor. This deal remains one of the most successful in the
history of "Shark Tank," demonstrating her ability to spot the
potential in unconventional ideas.
From Real Estate to Venture Capital
Barbara’s transition from real estate mogul to venture
capitalist was a natural one. As a co-founder of Forefront Venture Partners,
she continues to invest in high-growth, revenue-generating companies. This
shift reflects her belief in nurturing entrepreneurs and startups, ensuring
that the next generation of business leaders receives the guidance and
resources they need to succeed.
A Personal Life Rooted in Family
Barbara’s personal life is equally as colorful as her
professional one. She has been married to Bill Higgins, a retired Navy captain
and former FBI agent, since 1988. The couple has one son, born in 1994 via in
vitro fertilization with an egg donated by Barbara’s sister, and they later
adopted a daughter. Barbara’s strong family values are an integral part of her
life and career.
Real Estate and Luxury Living
Barbara’s wealth and success have allowed her to invest in
luxury real estate. She purchased a $3.5 million apartment on Park Avenue in
2001, and later acquired a penthouse on Fifth Avenue for $10 million. She also
owns a double-wide trailer home in California, showcasing her diverse taste in
real estate and commitment to making strategic property investments.
Resilience in the Face of Tragedy
In January 2025, Barbara faced an unimaginable loss when her
home in the Pacific Palisades was destroyed in a wildfire. Despite this
personal setback, Barbara’s resilience shines through. Her ability to navigate
such challenges with grace and determination is a testament to the strength of
her character, inspiring her followers and fans to persevere in the face of
adversity.
Timeline for story
March 10, 1949: Barbara Corcoran is born in Edgewater, New
Jersey.
1972: Barbara borrows $1,000 and starts The Corcoran Group,
a real estate company in New York City.
1980s-1990s: The Corcoran Group grows into a successful real
estate business, with Barbara using innovative marketing strategies.
2001: Barbara sells The Corcoran Group for $66 million.
2009: Barbara joins Shark Tank as one of the original
investors.
2014: Barbara co-founds Barbara Corcoran Venture Partners, a
venture capital firm.
2017: Barbara competes on Dancing with the Stars and invests
in The Comfy, a wearable blanket company.
January 2025: Barbara’s home in the Pacific Palisades is
destroyed in a wildfire.
