Barbara Ann Corcoran[2] (born March 10, 1949)[3] is an American businesswoman, investor, syndicated columnist, and television personality. She founded
The Corcoran Group, a real estate
brokerage in New York City, which she sold to
NRT for $66 million in 2001 and shortly thereafter exited the company. One of the show's original "Shark" investors, Corcoran has appeared in all 14 seasons of
ABC's Shark Tank to date.[4] As of January 2023, she has made 130 deals on the show, the largest being a $350,000 investment for 40% of Coverplay.[5]
Corcoran is a columnist for More, The Daily Review, and Redbook, writes a weekly column in the New York Daily News, and has written several books. She has been featured on Larry King Live and
NBC's Today show, and hosts The Millionaire Broker with Barbara Corcoran on
CNBC.
Early life and education
Corcoran was born in
Edgewater, New Jersey,[2] the second of 10 children[6] in a working class
Irish-Catholic family.[7] Her mother, Florence, was a homemaker. Her father, Edwin W. Corcoran Jr., bounced from job to job throughout Corcoran's childhood. At times, her family relied on deliveries of free food from a friendly local grocer. Corcoran remembers her father as a man who occasionally drank too much and treated her mother with disrespect and condescension, particularly when he'd been drinking.[8]
Corcoran struggled throughout her schooling, and was labeled the "dumb kid" by her teachers and classmates. She later learned that she had
dyslexia. and has stated that the bullying "drove her to work harder and learn the skills she needed to succeed".[9] She attended a local Catholic elementary school and started high school at
St. Cecilia High School in Englewood. After flunking several courses during her freshman year, Corcoran transferred to
Leonia High School, where she graduated as a D student.[10][11]
Corcoran graduated from
St. Thomas Aquinas College with a degree in education in 1971, faring better than she had in her previous schooling.[12][13]
Career
After graduating from college, she taught school for a year but soon moved on. She had worked a total of 20 jobs by the time she was 23,[14] including a side job renting apartments in New York City. While she was a waitress,[15] her boyfriend convinced her to work for a real estate company.[16] She wanted to be her own boss, and in 1973, while working as a receptionist for the Giffuni Brothers' real estate company in New York City, co-founded The Corcoran-Simonè with her boyfriend, who loaned $1,000.[17][10] She split from her boyfriend seven years later after he told her he was going to marry her secretary[16] and she then formed her own firm, The Corcoran Group.[18]
In the mid-1970s, she also began publishing The Corcoran Report, a newsletter covering real estate data trends in New York City.[13]
In 2001, Corcoran sold her business to
NRT for $66 million.[19][20][21]
In 2017, Corcoran's Shark Tank deal with The Comfy, an oversized wearable blanket, turned her $50,000 investment into $468 million.[23][24]
Formerly known as Barbara Corcoran Venture Partners, today Forefront Venture Partners invests in high-growth, revenue-generating, early-stage companies.[25][26]
Personal life
Corcoran lives in
Manhattan with her husband, Bill Higgins, a retired
Navy captain and former
FBI agent who participated in the
Gulf War.[27] The couple married in 1988.[28] Corcoran gave birth to their son in 1994, via
in vitro fertilization, with an egg donated by her sister Florence.[21][19] The couple later adopted a daughter.[1]
In 2001, she purchased a 2,700-square-foot apartment in a
co-op building on
Park Avenue for $3.5 million.[21] In 2015, she purchased a penthouse unit on
Fifth Avenue for $10 million,[29] with ocean views. Corcoran purchased a double wide trailer home in California for $800,000.[30][when?]
In 2019, for her 70th birthday, she held a mock funeral.[3]
Her hobbies include
skiing and going to the beach.[31]