On the 9th of December, 1969 found Lori Greiner was born in the city of Chicago, Illinois. She is the second daughter of her parents, who are both psychologists and real estate developers, and she spent her childhood on the Near North Side of Chicago.
When she was eight years old, her parents got a divorce. Loyola University Chicago awarded her a Bachelor of Arts degree in Communications, with a concentration in Journalism. During her time at the University of Chicago, she held a job at the Chicago Tribune. She had always imagined herself working in the theater. She was a creator of and merchant of costume jewelry.
Lori Greiner created a plastic organizer in the middle of the 1990s that could accommodate up to one hundred different pairs of earrings. Her earring organizer was such a success that it was purchased by J.C. Penney before the holiday shopping season began to ensure its continued distribution.
After being in business for only half a year, Greiner was able to secure a contract to supply JC Penney with her wares. Within the space of a year, she was selling her wares on cable television; during her first appearance, she sold 2,500 earring organizers in just two minutes’ time.
Her earring organizer went on to make more than one million dollars in a single year and was a huge success on the Home Shopping Network, where it was immediately snapped up by customers.
She was able to repay the $300,000 loan she took out to develop her earring organizer in just 18 months thanks to the earnings from selling her product. Greiner’s company had raked in more than $10 million in revenue in just three years after it had first opened its doors. By the year 2010, the For Your Ease Only brand owned by Greiner had notched up sales of more than $350 million.
The majority of her offerings are storage containers and organizers, with prices ranging from $16 for a tiny jewelry box that prevents corrosion to $299 for a rotating jewelry cabinet with mirrors. She makes approximately eighty percent of her sales on the always-open cable channel QVC. Since the year 2000, she has been the host of “Clever and Unique Creations by Lori Greiner,” a famous monthly show that airs on QVC and is recognized as one of the shows with the longest history on the network.
She has developed over 700 products for both men and women, offering consumers solutions for organizing everything from their jewelry and makeup to their remote controls, the sweaters they keep under their beds, and even their cooking supplies. Her products can be found at retailers such as Sephora and Ulta Beauty. She has been granted over one hundred patents for her various items, both in the United States and in other countries.
At the inaugural Women’s Entrepreneurship Symposium held by the United States Patent and Trademark Office in 2011, she was invited to speak as a special guest.
Publications such as O, The Oprah Magazine, InStyle, Woman’s Day, and Family Circle frequently highlight Greiner’s wares as one of their featured brands. In addition, she has been the subject of profiles in Parade, the Financial Times, Forbes, Success, and Entrepreneur, and she has made appearances on The View, Bloomberg, CNN, and a lot of other television programs. One of Oprah’s favorite things is a woman’s initial jewelry box that she calls the Silver Safekeeper.
In the year 2012, Lori became a member of the judging panel for the popular reality television show “Shark Tank.” It was highlighted that her investment in Scrub Daddy, a firm that creates a texture-changing household sponge, was one of the most successful investments in the history of Shark Tank in 2014.
Her investment was made in 2014. On a single day, Greiner was able to sell more than 2 million Scrub Daddy sponges on QVC. Other early investments made by Greiner on Shark Tank include “Bantam Bagels,” which are little stuffed bagels; “Squatty Potty,” “Readerest,” “Paint Brush Cover,” “Hold Your Haunches,” “Drop Stop,” “FiberFix,” “Simply Fit Board,” “Sleep Styler,” and “Screenmend”; and “Hold Your Haunches.”
She published her first book, Invent It, Sell It, Bank It!: Make Your Million-Dollar Idea Into a Reality, in 2014, and it quickly rose to the third spot on the list of best-selling books in the Wall Street Journal.
2019 marked the beginning of Shark Tank’s eleventh season; the show has previously been honored with Primetime Emmy Awards for Outstanding Structured Reality Program in 2014, 2015, 2016, and 2017.
In addition to this, Lori works as a paid speaker for a variety of prestigious organizations and businesses, including Chase, IBM, Adobe, PayPal, Coldwell Banker, and the American Heart Association, to mention a few.
Lori Greiner is married to Dan Greiner. Despite the obvious chemistry that existed between them from the moment they met in 1996 at a bar in Chicago’s Lincoln Park area called Kincaid’s, they did not begin dating until the year 2000. Before he started working at Lori’s For Your Ease Only in 1999, he had experienced in the role of assistant controller. 2010 was the year that Lori and Dan tied the knot. He serves as the Chief Financial Officer of the company that is owned by his wife.
It is common practice to refer to Lori Greiner as “The Queen of QVC.”
Night owls like Lori are common. Because she feels most awake at night, she goes to bed at about two in the morning. She always works out in the evening before going to bed because it helps her fall asleep. While she works out on the treadmill, she likes to watch the episodes that she has already taped. Some of her favorites are Bloodline, House of Cards, and Empire.
Through her collaboration with Charitybuzz, Lori was able to earn more than $126,000 for a number of organizations that are very important to her, including The Trevor Project, The Kind Campaign, CASA for Children, and the Chicago Police Memorial Foundation. In addition, throughout the course of each year, she makes contributions to a variety of charitable organizations such as the Salvation Army and Habitat for Humanity.
Lori Greiner’s net worth:
As an American jewelry designer and a judge on the reality television show Shark Tank, Lori Greiner has accumulated a net worth of $150 million over the course of her career. Grenier is a self-made inventor and entrepreneur who has invested in over 700 products and holds 120 patents both in the United States and internationally. Grenier is a member of the National Academy of Inventors.
Highlights of the Salary:
Lori Greiner has an annual income of approximately $5 million because of both her company, For Your Ease Only, and her participation in the ABC show Shark Tank. For her work on “Shark Tank,” she receives $50,000 per episode, for a total of $1.2 million per season.
The Greiner’s have two residences; one is in Chicago, and the other is in suburban Philadelphia, close to where QVC is headquartered.