Latest news with #Herjavec
CairoScene
19-05-2025
- Business
- CairoScene
Robert Herjavec to Appear as Guest Shark on ‘Shark Tank Egypt'
The Canadian investor and tech entrepreneur brings global expertise to the fourth season of Shark Tank Egypt. May 19, 2025 Canadian-Croatian entrepreneur and investor Robert Herjavec is set to join the upcoming season of 'Shark Tank Egypt', marking a major crossover moment for the region's startup scene. Best known for his role on the US edition of 'Shark Tank', Herjavec will appear as a guest investor alongside Egyptian and regional business leaders as the show spotlights the country's growing entrepreneurial talent. "I'm heading to the land of the pharaohs, yes, Egypt. I'm beyond thrilled to announce I will be joining 'Shark Tank Egypt' as a guest shark on May 23rd," Herjavec said on social media. "The show has only been running for three seasons, but the talent, the ideas and the drive coming out of this market, it's incredible." With a background in cybersecurity and tech, and as the founder of The Herjavec Group—a company acquired in 2021 in one of the industry's largest private equity deals—his presence on the Egyptian version of the show is expected to bring global perspective to local pitches. Applications are currently open for budding entrepreneurs to appear on season four of 'Shark Tank Egypt'.
Miami Herald
04-04-2025
- Business
- Miami Herald
Robert Herjavec's net worth & biggest ‘Shark Tank' deals
While he's not the richest of NBC's startup-funding school of sharks, Robert Herjavec's notable net worth is all the more impressive when examined in light of his highly humble beginnings. Best known as one of "Shark Tank's" loveable but scrupulous venture capitalists, Herjavec's television career actually began with the Show's Canadian predecessor and counterpart, "Dragon's Den," on which he served as a panelist for the first six seasons. Well before either of these programs was conceived, Herjavec was born in Yugoslavia in a farming community in 1962. He was only eight years old when his family emigrated to Canada with little in the way of assets or prospects. Despite growing up far poorer than most of his peers and having to learn English on the fly, Herjavec managed to work his way through school, graduate from college, and eventually make it big in the business world, paving the way for his eventual career as one of television's best-known small business investors. Don't miss the move: Subscribe to TheStreet's free daily newsletter Here's what Herjavek is worth in 2025, how his net worth compares to that of his "Shark Tank" co-hosts, and an overview of his most successful investments on the Herjavec's exact net worth is unclear, but most sources agree he is worth at least $300 million, and some estimate his wealth as high as twice that at $600 million. In either case, his wealth qualifies him as a member of the 1% by net worth. While he's not a billionaire like his costars Mark Cuban and Daniel Lubetzky, he is a member of the somewhat exclusive nine-figure club, so he's certainly got the capital necessary to take the occasional gamble on a fledgling business that demonstrates growth potential on "Shark Tank." Related: Kevin O'Leary's net worth as he eyes TikTok purchase Herjavec is either the third-richest, fourth-richest, or fifth-richest shark on "Shark Tank." With a net worth of $300 million, he would be the fifth richest, ahead of Lori Greiner and Barbara Corcoran. With a net worth of $600 million, he would be the third richest behind the show's two billionaires, Mark Cuban and Daniel Lubetzky. Here's how all of the show's sharks stack up in terms of wealth: 'Shark Tank' Sharks by net worth Mark Cuban: $5.7–$8.09 billionDaniel Lubetzky: $2.7 BillionKevin O'Leary: $400 millionDaymond John: $350 millionRobert Herjavec: $300–$600 millionLori Greiner: $150 millionBarbara Corcoran: $100 million Related: Barbara Corcoran's net worth in 2025: The Shark Tank star's wealth & investments Herkjavec was born in 1962 in a part of Yugoslavia that would later become Croatia. His father, Vladimir, was a political dissident who was repeatedly jailed for speaking out against the Yugoslav state and communism in general - particularly when he was in his cups. As a result of his views, Vladimir had trouble maintaining gainful employment and decided to emigrate to Canada with his family in search of a fresh start in 1971. In Robert's words, "My dad escaped from jail in a communist country and grabbed my mom and me, and we came to Halifax when I was 8 years old. We landed with literally one suitcase. My mom remembered she knew somebody in Toronto; we took a train there and lived in their basement for 18 months. It all started from there." CBC via Back in Yugoslavia, Herjavec's family lived on a farm, as did all of their neighbors. It was only once his family relocated to North America that Herjavec realized that, by Canadian standards, he and his family were very poor. Despite having no experience with the English language - and the numerous disadvantages that came with his family's immigrant status and lack of financial means - Herjavec made it through school, attended the University of Toronto, and graduated in 1984. Interestingly, he didn't study business or technology, instead opting for a degree in English and political science. After graduating, Herjavec spent the next few years working low-paying jobs in retail, dining, and delivery before entering the film and television business in the mid-1980s. More net worth: Tony Robbins' net worth in 2025 as the world's top coachScott Galloway's net worth: The podcaster's wealth & income in 2025Dave Ramsey's net worth: The retirement expert's wealth in 2025 As one of the show's permanent panelists since its first season, Herjavec has had ample opportunity to get in on the ground floor of the countless fledgling companies that have graced "Shark Tank" set over the course of its 16-season tenure. That being said, despite his jovial personality, astute viewers have noticed that contestants often go with other sharks' offers over Herjavec's when multiple panelists are interested in investing. Nevertheless, Robert has traded his dollars for equity in quite a few companies on the show, and many of them have gone on to find success in their industries. Here are a few of Herjavec's best "Shark Tank" investments: Related: Mark Cuban's net worth ahead of 'Shark Tank' departure Tipsy Elves (2013) In a 2013 episode of the "Tank," Herjavec made his best investment to date, trading $100,000 for a 10% stake in a company called Tipsy Elves. The brand, founded by a pair of former professionals (a dentist and a lawyer), produced purposefully ugly, often inappropriate, and always silly Christmas sweaters for cheeky customers to wear to holiday parties. None of the other sharks wanted in. Despite the specificity of the product and the stiff competition of the online retail market, Herjavec decided to invest because of the fervor and passion he saw in the founders. He told CNBC, "I didn't bet on the product, I bet on the guys." Herjavec's hunch paid off, and by 2019, the company had racked up over $100 million in sales. In the years since Rob's investment, Tipsy Elves has expanded well beyond parody Christmas apparel and now sells a massive range of not-so-serious garments ranging from retro-themed one-piece ski suits to boldly patterned golf polos. Drain Strain (2015) In a 2015 episode of the show's sixth season, entrepreneur Naushad Ali approached the sharks with Drain Strain, a company that had plans to produce a drain plug with a unique attachment that catches hair and other debris to prevent clogging. Since the company had a patent but no sales, Kevin O'Leary suggested that Ali's best way forward would be to license the product to a plumbing company that would then market and sell it. O'Leary offered $110,000 for 20% of the company and offered to make a phone call to help secure licensing. In response, Herjavec remarked that 20% in exchange for a phone call wasn't fair, offering Ali the same sum but for just 10% equity and a promise to be helpful in the business beyond the licensing process. Ali accepted, and in the intervening years, the company grew. Drain Strain's products are now available on Amazon as well as the company's own website, and by 2023, annual revenue reportedly surpassed $2 million. Sand Cloud (2017) In a 2017 episode, Herjavec ended up being the lucky shark to swim away with a stake in Sand Cloud, a company that produces Turkish cotton beach towels with pillow inserts and an environmental mission to donate 10% of profits to marine life preservation charities. Cuban, John, and O'Leary also made offers to Sand Cloud, but Herjavec's past success with Tipsy Elves ended up winning over the trio of entrepreneurs behind the beach apparel company. When all was said and done Herjavec exchanged $200,000 for 15% ownership in the company. In the years since the deal was struck, Sand Cloud has grown substantially in terms of both revenue and brand recognition, broadening its product offerings to include sunscreens, umbrellas, backpacks, and home goods. Sand Cloud continues to use a portion of its profits to support organizations like the Global Penguin Society, and in 2017, founders Steven Ford, Brandon Leibel, and Bruno Aschidamini even won the "Best Raving Fan Culture" award in Tony Robbins' "Build a Bigger Business" Shopify competition. Butter Cloth (2018) In a 2018 episode of "Shark Tank's" 10th season, Herjavec struck a deal that was close to his heart as an immigrant from humble means, cementing the episode as one to remember for his misty-eyed reaction to the story of Vietnamese entrepreneur Danh Tran. Tranh, who emigrated to California to follow his dreams of launching a fashion brand, founded Butter Cloth with American partner Gary Falkenberg. The two were joined by former NBA player Metta Sandiford-Artest (FKA Metta World Peace), who served as a spokesperson for the brand, performing a slam dunk on air while wearing one of Butter Cloth's dress shirts. And while the soft, sustainable, breathable, and flexible garments Butter Cloth produced appealed to all of the sharks, most dropped out due to the stiff competition the entrepreneurs would face in the fashion industry. Herjavec, touched on a personal level and impressed by the product and the founders, invested $250,000 for a quarter of the company. In the years since Robert's emotionally charged cash injection, Butter Cloth has grown, reportedly bringing in revenue of over $5 million annually by 2022 and over $6 million annually by 2024. Herjavec even has his own collection of dress shirts available on the brand's website. Related: Joe Rogan's net worth: The controversial podcaster's income & investments After spending a few of his post-collegiate years drifting between odd jobs, Herjavec spoke with his father, who reportedly told him, "I went through hell so that you could have the opportunity I never had," providing the push he needed to get serious about a career. Logiquest This was when he took his first real step into the technology business. Despite his lack of experience or relevant education, Herjavec landed a sales job at Logiquest by proposing that he work for free for six months to demonstrate his aptitude. He waited tables on the side to keep him afloat during this informal pseudo-internship. The plan worked, and Herjavec performed well in tech sales, eventually moving up within the company into managerial roles. In 1990, however, he was fired, leading him to the decision to start his own business for the first time. BRAK Systems The result was BRAK Systems, a company that integrated internet security software. Herjavec grew the business quickly, eventually selling it to AT&T Canada for $30.2 million less than 10 years after he founded it. He next took on an executive sales role at Ramp Network, another tech company, but this didn't last long. He helped negotiate the company's sale to Nokia for a whopping $225 million before retiring at the young age of 40. Herjavec enjoyed his retirement for a few years, spending time at home with his children, but once they went back to school three years later, he got a case of cabin fever and jumped back into the business world, founding the Herjavec Group. "I was just too young to stay retired, he said." The Herjavec Group In 2003, Herjavec and two partners founded the Herjavec Group, a cybersecurity and internet technology firm. During its first year in business, the company posted $400,000 in sales, which was a solid start despite falling short of the founders' projections. Herjavec and Co. built on this foundation in the years that followed, growing the company's revenue and assets through occasional acquisitions and gradual expansions into new markets. Eventually, the company built data centers in Canada, the U.S. and the U.K. and expanded its services to include consulting and compliance solutions for payment cards. By 2009, the Herjavec Group posted $35.6 million in revenues. By 2017, this number reached $200 million. In 2021, Herjavec sold a majority stake in the company he had built to private equity firm Apex Partners, but he retained some ownership in the company and stayed on as CEO until 2024 when he stepped down, saying "I'm excited to spend more time with my passions-investing [and] mentoring entrepreneurs through 'Shark Tank'-and most importantly, with my family." Related: Suze Orman's net worth in 2025: The personal finance icon's wealth Not all of Herjavec's reality TV roles have been business-related. His "Dragon's Den" and subsequent "Shark Tank" notoriety cemented him as a certified celebrity, and he was selected to be a contestant on the 15th season of "Dancing With the Stars," a reality competition in which celebrity contestants are paired with professional dancers and perform various dance styles together over the course of the season. And while Hejavec and his professional dance partner, Kym Johnson, didn't take home the show's Len Goodman Mirrorball Trophy, they did score an equally valuable prize - each other. The competition partners confirmed to People Magazine in 2015 that they were an item. They were engaged in February 2016 and married in a summer ceremony just months later. By the end of 2017, the pair announced that they were expecting, and in spring of 2018, Kym gave birth to twins Hudson Robert Herjavec and Haven Mae Herjavec. Robert also has three children from his first marriage to Diane Plese, whose parents, like Herjavec's, immigrated to Canada from Yugoslavia. The pair married in 1990 but separated in 2014 and divorced in 2016. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
02-04-2025
- Business
- Yahoo
Robert Herjavec says 1 job helped him become a billionaire, learned how to spot wealthy men and 'sell to them'
Canadian entrepreneur and Shark Tank star Robert Herjavec is well known for his savvy investments in tech companies, but the 62-year-old says he gained his most valuable business skills in an unlikely place — a suit store in Toronto. In a recent interview with YouTuber Lewis Howes, Herjavec says when he was young, he decided to get a part-time job at Harry Rosen, a luxury menswear store, after he learned about the 50% employee discount on high-end suits. I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) Americans with upside-down car loans owe more money than ever before — and drivers can't keep up. Here are 3 ways to cut your monthly costs ASAP However, he also learned about another perk available to employees: a chance to learn from the company's founder. 'The guy who owns the place called Harry Rosen … used to teach on Saturdays if you showed up an hour before the store opened,' Herjavec told Howes, claiming that he jumped at the opportunity because of Rosen's reputation. 'The guy's a legend! Even then, it was like the biggest shop in Canada.' These weekly mentorship sessions ultimately taught Herjavec everything he needed to know about running a business and selling to wealthy clients. Harry Rosen, a high school dropout, transformed his humble men's fashion store into a business empire that generated $211 million in annual revenue in 2023, according to a profile in Eau Claire Magazine. Key to his success was his focus on training employees, such as Herjavec, on how to develop and sustain a good relationship with customers. Besides learning how to dress and inspect suit fabric, Herjavec says his mentorship sessions with Rosen taught him 'how to spot someone with money' and sell to them. These lessons were so valuable that Herjavec couldn't believe he was learning while also getting paid. 'I would have paid him to teach me,' he said. 'It was great, he taught me everything.' Herjavec used some of these skills to sell his cybersecurity company BRAK Systems to AT&T Canada for $30.2 million in 2000, as well as a majority stake in his other cybersecurity startup, Herjavec Group, which was sold to private equity firm Apax Partners in 2021. 'I'm probably one of a handful of the top cyber people in the world,' Herjavec explains to Howes. 'But I'm not wealthy because of my knowledge of a task, I'm wealthy because of my knowledge of sales.' Here's how the art of persuasion can help your career and business, too. Read more: Are you rich enough to join the top 1%? Here's the net worth you need to rank among America's wealthiest — plus 2 ways to build that first-class portfolio Like Herjavec, learning to spot high-value customers — or a receptive audience for your pitch — could be your key to career success. Whether you're looking for a job or trying to find new clients for your business, take the time to research your market and find companies and consumers that are most likely to say yes to what you're offering. The ability to build and sustain a strong relationship with your clients or colleagues is also a key career skill. According to a study by LinkedIn, communication and customer service were the top two most sought-after 'soft skills' by employers in 2024. Do yourself a favor and take the time to hone these skills to unlock better prospects for your career. Finally, consider finding a mentor who can help you develop these skills. Herjavec says he was fortunate to work not only with Harry Rosen, but also Warren Avis, who started the Avis Car Rental company. 'I always think if somebody would've taken me under their wing and they were, like, a con man, I would have been a con man, right?' he told Howes. 'I was just very lucky. I've just been really fortunate to have great role models who are good human beings.' You don't need to find a billionaire celebrity to be your mentor, just someone who has achieved what you aspire to and has the time to share some insights. Check LinkedIn, alumni groups, industry events, professional associations or even within your current workplace to find people you admire and ask them for help. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Protect your retirement savings with these 5 essential money moves — most of which you can complete in just minutes This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
