The Queen of QVC, Lori Greiner, is a reality television star, inventor, author, entrepreneur, and investor. She stars on Clever & Unique Creations, Shark Tank, and Beyond the Tank. She is an expert in intellectual property, with 120 patents to her name. Lori is also the CEO of For Your Ease Only, Inc. As of 2022, Lori Greiner has a net worth of $150 million.
Greiner was born in Chicago, Illinois, and she grew up in the Near North Side area. Her birthday is December 9, 1969. She’s the second daughter of a real estate developer and a psychologist. However, when she was nine, her parents divorced.
She went to Loyola University Chicago to study film, communications, and journalism. The young lady experimented in jewelry sales and creation during her college years.
As a student, she also worked as a playwright for a short time. Furthermore, she was employed by The Chicago Tribune, a daily local newspaper. However, Lori was more passionate about creating items.
Lori invented a plastic earring organizer in 1996. Initially, she only intended to use the idea to help herself, but she eventually loaned $300,000 to create a prototype that she could market through retail channels.
It was a risky move, but it worked in the end for the aspiring entrepreneur. The department store chain J.C. Penney ended up taking the item and helped her pay off her line of credit in just eighteen months.
Her business grew as her product was featured at the Bed, Bath and Beyond shop and on Home Shopping Network. Later on, Greiner patented consumer products in a variety of sectors.
She sold more than 2,500 earring organizers in just two minutes the first time she went on cable television. After seeing her potential on the screen, Lori went to the television network QVC to expand her marketing reach.
Her show, Clever & Unique Creations, became the longest-running program on the channel. This is why she’s been the Queen of QVC since 2000. Clever & Unique Creations ran for 11 seasons, but Lori’s brand remains closely tied to QVC.
She joined the main cast of Shark Tank as one of the investors that gives chances to hopeful entrepreneurs. Lori is also a part of the spin-off series, Beyond the Tank. Apart from TV ventures, she also wrote a book titled “Invent it, Sell it, Bank it”!
Net Worth and Earnings
Lori Greiner is arguably the magnate who has gained the most from investments made on Shark Tank. In 2014, she put her money into the cleaning tool Scrub Daddy, which made over $400 million in retail sales.
Furthermore, Lori has marketed more than 1,000 profitable products, with 120 patents credited to her. Plus, she has book sales and runs her own firm. All her pursuits result in a fortune of $150 million.
The accomplished businesswoman is married to Daniel Greiner. They made their vows in 2010, and now, they live together in Chicago. Daniel works as the Chief Financial Officer of For Your Ease Only, Inc.