“I’m not a very money-driven guy. Don’t get me wrong, I love airplanes and stuff, but it was never really what drove me,” the 63-year-old shark told CEO Magazine. “My overarching drive was how hard my mom and dad worked to give me an opportunity. And as I got older, I began to appreciate and understand that ‘Wow, these people sacrificed everything to give me an opportunity. And I’m just going to become a middle manager at some company?’ …I felt I had to justify their sacrifice.”
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“I grew up in a village back home and we had dirt floors, pigs running around, no phone or paved streets… but I didn’t know we were poor,” Herjavec told Toronto Waterfront Magazine. “I thought everybody lived like this and I thought it was great. Then I come to Canada, and the other kids tell me I’m poor. I realized we were different. We had to wear the same clothes every day because we had no money. My mom would wash them every day. People made fun of me. That was a really shaping moment for me.”
Then another turning point arrived in 1990, when he was fired.
How did Herjavec get rich?
After losing his job at LogiQuest, Herjavec started a business of his own, BRAK Systems, a cybersecurity-focused firm that took existing software tools (firewalls, encryption, etc.) and configured them for clients, essentially combining them into broader security solutions.
About 10 years later, he sold BRAK Systems for $30 million to AT&T Canada.
Herjavect took a job as VP of Sales at Ramp Network, then built another business, The Herjavec Group, in 2003.
Is Robert Herjavec a billionaire?
Herjavec is not a billionaire, but with a net worth of $600 million, he’s more than halfway there. He credits hard work for at least some of his success.
“Great entrepreneurs are by exception, not by right,” he added.
Related: 10 of the Best Shark Tank Products of All Time
What is Robert Herjavec’s best Shark Tank investment?
“Before Tipsy Elves, Christmas sweaters were old, they smelled terrible and you could only find them at your local thrift store,” cofounder Evan Mendelsohnsaid in his 2013 pitch to the sharks.
Harjevec invested $100,000 for 10 percent stake in the company, which made $160 million in sales in 2024 alone.
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Herjavec named Breathometer, a smartphone breathalyzer and the first deal all five sharks got in on, as his least favorite investment.
A month later, Yim was investigated by the Federal Trade Commission for making false claims about his product. “Long story short, it all turned out to be pixie dust,” Herjavec said. “We all lost our money.”
Who is the wealthiest investor on Shark Tank?
The complete ranking of the sharks' net worths, lowest to highest, is as follows:
Lori Greiner net worth: $150 million
Kevin O’Leary net worth: $400 million
Daniel Lubetzky net worth: $2.3 billion
Kevin O’Leary net worth: $400 million
Daniel Lubetzky net worth: $2.3 billion
Next: ‘Shark Tank’ Returns for Season 17 With the ‘Biggest Deals Ever’ — And Pete Davidson
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