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Mark Cuban would definitely be the most famous face onShark Tank, known for his blunt advice and shrewd investments. While he had an interesting childhood having sold garbage bags door to door, other Sharks also have an intriguing life behind them. The standout of the lot would be Robert Herjavec, who had a very tough life before he became famous for his signature tough-love approach onShark Tank.
Herjavec faced the grim reality of political persecution in his native Croatia. Imprisoned multiple times, he miraculously escaped and fled to Canada, where he built a cybersecurity empire worth hundreds of millions of dollars.
What’s the secret behind Robert Herjavec’s success?
Shark Tankjudge and entrepreneurRobert Herjavecmight seem like he’s always lived a life of wealth and success. But his journey to becoming a tech titan is a remarkable story of overcoming adversity and achieving the American Dream. He was born in communist Yugoslavia and experienced a childhood far removed from the luxuries he enjoys today.
His family lived in a simple home with dirt floors and no running water. Life was challenging, especially for his father, who strongly opposed the communist regime. This led to his father’s repeated imprisonment, creating constant fear and instability in their lives.
To escape this dangerous situation, Herjavec’s family made the difficult decision to flee their homeland. They embarked on a dangerous journey by boat, leaving behind everything they knew and loved. However, starting over in Canada was not easy and his father, once a successful manager, had to take on low-paying jobs, struggling to provide for his family.
This experience deeply impacted Herjavec, inspiring him to work hard and build a successful life to honor his parents’ sacrifices. He talked about the same during an interview viaCNBCand added:
Entrepreneurship is the great equalizer. It’s not about who your parents are, it’s not about your color, it’s not about your sex, and it’s not about your religion. Business doesn’t care. Business only cares about the value that you add.
From his difficult life to now having a $600 million viaCelebrity Net Worthbusiness empire, he has come a long way. Initially, Herjavec wasn’t sure what he wanted to do with his life. He explored various interests, considering careers as a detective, veterinarian, and even a race car driver.
However, a chance encounter with a friend who was interviewing for a computer job sparked his interest.
Shark Tank Fans Destroy Robert Herjavec, Kevin O’Leary for Asking an Entrepreneur to Increase the Price of the Perfect Christmas Gift Product
The prospect of earning a substantial salary was a powerful motivator for him. He got the job, marking the beginning of his journey in the tech world. Through hard work, dedication, and a strong entrepreneurial spirit, Herjavec built a highly successful cybersecurity company, The Herjavec Group.
Two companies that have brought in great profits for Robert Herjavec onShark Tank
Robert Herjavec has a knack for identifying promising businesses with high growth potential. While his on-screen persona might be known for its tough-love approach, his investment portfolio boasts several successful ventures. Two standout examples viaInvestopediaare Tipsy Elves and The Bouqs Co., both of which have generated significant returns for Herjavec.
Tipsy Elves, a company known for its quirky and festive holiday apparel, initially focused on producing eye-catching Christmas sweaters. Their unique approach resonated with audiences, and when they appeared on Shark Tank, Herjavec recognized their potential. He invested $100,000 for a 10% equity stake in the company.
Since then, Tipsy Elves has experienced remarkable growth, expanding its product line to include holiday-themed apparel for Halloween and other occasions. This strategic expansion has driven significant revenue growth, with the company generating over $317 million in sales as of May 2023. Another successful investment for Herjavec is The Bouqs Co., a floral company that disrupted the traditional flower market.
“She truly knows how to sell products”: The Most Underrated Shark in Shark Tank Who Has $1 Billion+ in Sales Isn’t Robert Herjavec or Daymond John
The Bouqs Co. partners with smaller, eco-friendly farms and sells directly to consumers online, offering a more sustainable and convenient alternative to traditional florists. While Herjavec initially passed on the opportunity during their Shark Tank appearance, he later recognized the company’s innovative model.
He invested in a subsequent funding round, contributing to a total of $24 million raised. This investment has proven highly lucrative, with The Bouqs Co. achieving $640 million in sales as of May 2023.
You can watch all the seasons ofShark Tankon Peacock.
Sakshi Singh
Articles Published :1435
Sakshi Singh has written over 1,300 entertainment articles, mostly about Netflix shows and reality TV. She’s spent the last two years covering everything from surprise engagements to shocking eliminations and previously wrote for Essentially Sports in their Netflix Junkie division. A self-proclaimed reality TV addict, Sakshi has watched all 48 seasons of Survivor and never misses a new dating or competition series. She loves watching how strangers meet, fall in love, team up, or betray each other - it’s the mix of strategy and drama that keeps her hooked. When she’s not glued to a reality show, she’s usually watching a crime thriller or tracking the next big streaming hit.
