Barbara Corcoran is an American businesswoman, consultant, investor, speaker, author and TV personality. She is the owner of $5 billion business ‘The Corcoran Group’ that she started with a $1000 loan.
Corcoran was born on 10th March 1949 in Edgewater, New Jersey. She studied at St. Thomas Aquinas College and in 1971 attained a degree in education. After she graduated, she tried teaching for almost a year however she clearly wanted something greater; Corcoran wanted to be her own boss. After working at almost 20 odd jobs, that included waitressing, she decided to start her own business. So she took a $1000 loan from her wealthy boyfriend at that time and used that to co-create a business in real estate which she called ‘The Corcoran Group’. By mid 1970s Barbara Corcoran started publishing ‘The Corcoran Report’ that featured real estate data developments. Later on her boyfriend ran away with her secretary but left Corcoran with a thriving business and no regrets.
Corcoran had laudable entrepreneurial skills as she managed to turn a $1000 into billions. In 2001, the real estate mogul sold her real estate company to NRT LLC for seventy million dollars. Corcoran has mentioned several times that she was not a straight A student in high school or college but using her innate entrepreneurial talents she made it to the top. After she sold her company her worth as a real estate expert increased even more and she emerged in the New York real estate scene as a prominent personality. Corcoran is also a well-known media person; she appears in the famous NBC show NBC TODAY as a real estate contributor. She hosts CNBC’s “The Millionaire Broker with Barbara Corcoran”. She is also a columnist for ‘The Daily Review’, ‘More Magazine’, ‘Red Book’ and writes a weekly column in the ‘New York Daily News’. Corcoran has also appeared in many other TV shows as a guest including ‘Larry King Live’. She is often invited to real estate events as a business speaker. Corcoran is also a business consultants; she provides consultancy through television production business called ‘Barbara Corcoran Inc.’ She is a ‘Shark Investor’ in the hit NBC series ‘Shark Tank’ in which she invests in the start-ups and businesses of new entrepreneurs and in exchange for that she gets a percentage equity of that company. In the first season of the show, the 8 businesses that Corcoran invested turned out to be very successful.
Corcoran’s entrepreneurial spirit is appreciable. She has also penned many books that include ““If You Don’t Have Big Breasts, Put Ribbons on Your Pigtail”, “Amazing Places to Live the Rest of your Life” and “Nextville”. These business books are best-selling in the market as they provide a lot of education related to business as well as entertainment. Barbara Corcoran is a very inspiring motivational speaker. She has an inspirational attitude towards life which has a great influence for young businessmen and businesswomen. Currently, she lives in New York City along with her husband and two children.