Robert Herjavec is an innovator in the world of technology and cybersecurity and has helped many entrepreneurs make their dreams come true on ABC’s 4-time Emmy Award-winning show, Shark Tank. one with Total value of 200 million dollars, Herjavec showed that hard work, determination and focus can lead to financial success. Have you ever wondered how the Croatian-born entrepreneur made his money?
In this article, we will explain how Robert Herjavec made his money and how he continues to grow his wealth.
Herjavec originally came from Yugoslavia (now Croatia). At that time the country was under strict communist rule. Herjavec’s father, Vladimir, was often in legal trouble because of his stance on communism. Robert saw his father jailed 22 times for criticizing communism. Later, the Herjavec family moved to Halifax, Nova Scotia with only $20. The family eventually settled in Toronto, where they lived in a family friend’s basement for 18 months.
After graduating from the University of Toronto’s New College in 1984 with degrees in English literature and political science, Herjavec worked various minimum wage jobs, such as waiting tables and delivering newspapers, to help his family pay the bills.
How did Robert Herjavec get rich?
Herjavec applied for a position at Logiquest selling IBM mainframe emulation boards even though he was not qualified for the position. But he managed to get the job by offering to work for free for 6 months. He eventually rose to the position of General Manager of Logiquest.
Later, he was fired from Logiquest. This became an opportunity of a lifetime as he decided to start his own company called BRAC Systems. BRAC Systems is a software company that specializes in Internet security.
Herjavec made most of his money by selling BRAK Systems to AT&T Canada in March 2000 for $30.2 million. Soon after, he took a position as vice president of sales at Ramp Networks. The company was later sold to Nokia for $225 million.
How he continues to make money
The most successful shark tank investment
The Bouqs Co.
Perhaps the most successful Shark Tank-related deal Herjavec made wasn’t even on the show but years later. Bouqs Company was founded by John Tabis. The company wanted to disrupt the flower giving and receiving industry. When Tabis first appeared on the show, he was asking $258,000 for 3% of his company. Unfortunately for him at the time, he couldn’t get any of the sharks to invest in The Books Company.
However, three years later Robert Herjavec reached out to The Books Company for help with his upcoming wedding. Herjavec was so impressed with Flowers and company that he decided to get involved.
The partnership led to The Bouqs Company landing an additional $85 million in funding. Currently, its farm network has about 2 billion growing flowers, 10 thousand employees and 4 thousand acres of abundant flower fields. Since its inception, The Bouqs Co. Delivered over 30 million flowers.
Now the business sees annual revenue of $59 million.
Sand Cloud Towels is a beach lifestyle company. It sells beach towels and beach blankets with unique patterns and functions. Their unique selling point is that their towels are made of 100% Turkish cotton. A pillow is also inserted into each towel for extra comfort when sleeping on the sand.
Herjavec invested $200,000 for 15% equity in the deal. Since then, he has helped the company grow to nearly $7 million in annual revenue.
Nuts n more
Nuts-N-More was founded by fitness and nutrition experts who were looking for safe peanut butter and other healthy sources of protein for themselves and their clients. All-natural butters can be crunchy and difficult to spread.
Nuts-‘n-More has developed a unique recipe for our fortified butter and a natural process that involves simply grinding the nuts and blending the ingredients in a way that achieves the optimal texture. Founder Peter Ferreira was able to strike a deal with both Mark Cuban and Robert Herjavec for 35% equity. Ferreira was able to earn $100,000 from the sale before signing with the Sharks.
The company now sees annual revenue of over $6 million.
See all our articles Shark Tank Deal by Robert Herjavec Much more.
In 2003, Herjavec founded The Herjavec Group. The company provides cybersecurity products and services to enterprise organizations. It is now Canada’s fastest-growing technology company and the country’s largest information technology security provider. The company grew from 3 employees to $200 million in annual revenue in 2003 with sales of $400,000.
writing and speaking
In addition to sharing his entrepreneurial skills on TV, Robert Herjavec is the author of 3 books and a frequent speaker at conferences and corporate events.
Herjavec’s first book was titled Driven: How to Succeed in Business and Life. The book urged its readers to take risks, take control of their lives, and stay true to their visions. His second book is called Willingness to win: to lead, to compete, to succeed. In this book, Herjavec encourages the reader to go beyond the average and strive for greatness.
His third book on the title You Don’t Have to Be a Shark: Creating Your Own Success Published in 2016 In this book, Herjavec focuses on how individuals can position themselves to succeed in sales
With a passion for success and a desire to share his business knowledge with others, Herjavec is a Shark Tank fan. His inspirational story of rising from poverty to running a multinational corporation is an inspiration to anyone with big entrepreneurial dreams.
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