Curious about Robert Herjavec’s net worth? This accomplished individual has conquered various domains as a businessman, investor, and television personality.

Despite being a prosperous entrepreneur who has established numerous multimillion-dollar enterprises, Herjavec gained widespread recognition primarily for his participation in Shark Tank. On this show, he has allocated a staggering 16.5 million dollars across 57 deals, showcasing his investment expertise.

For his exceptional contributions to Canada, he was honored with the prestigious 2012 Ontario Entrepreneur of the Year award and the Queen Elizabeth II Diamond Jubilee Medal.

Robert Herjavec’s net worth stands at $200 million as of May 2023. In this article, we delve into the strategies he employed to amass his substantial fortune and the valuable lessons we can glean from his journey.

Early Life

Born in 1962 in Croatia, Herjavec’s family relocated from their home country when he was just eight years old. They first moved to Nova Scotia and later found their permanent home in Toronto.

Despite facing immense challenges such as not speaking English and living in poverty, Herjavec’s early life was marked by resilience and determination. After relocating to Toronto, he found himself residing in the basement of a friend’s house for a year and a half. However, throughout it all, his father remained steadfast and unwavering.

Herjavec acknowledges that his father possessed a strong character, and it greatly impacted his own life. According to Herjavec, his father consistently advised him against complaining and fostered bravery within him from an early stage.

After completing his degree in English literature and political science at the University of Toronto’s New College in 1984, Herjavec’s academic qualifications did not lead him to great opportunities. Instead, he found himself compelled to undertake a series of low-paying jobs, such as working as a waiter, delivering newspapers, and engaging in debt collection activities.

Robert Herjavec Business

During the mid-80s, Herjavec held multiple roles as an assistant director across various Production Studios. Due to the lack of consistent work, he also sought other job opportunities during breaks between productions. Among the positions he applied for during this time was a sales job at LogiQuest, where he aimed to sell IBM mainframes.

Despite lacking any qualifications for the position, he managed to persuade the company to hire him by proposing an unpaid six-month trial period.

Despite the issue of needing money, Herjavec persisted in waiting tables while simultaneously working at Logiquest. Through his unwavering dedication and consistent efforts, he eventually climbed the ranks to achieve the position of a general manager.

After a brief period, he was let go from LogiQuest in 1990. This prompted him to take matters into his own hands and establish his very own venture, BRAK Systems.

BRAK Systems

BRAK Systems was founded by Herjavec in his basement as a technology company specializing in Internet Security. During the 1990s, the technology industry experienced a thriving period of growth.

Fortunately for Herjavec, his company possessed all the necessary resources to capitalize on this trend, ultimately establishing itself as the leading internet security firm in Canada.

The company was acquired by AT&T in 2000 for a sum of 30.2 million dollars. Following this acquisition, he assumed the role of vice president of sales at RAMP Network. Subsequently, RAMP Network was bought by Nokia for a staggering 225 million dollars.

At this juncture, Robert Herjavec had already accumulated a fortune worth millions of dollars and yearned for a pause in order to prioritize quality time with his family.

Robert Herjavec Net Worth After The Herjavec Group

The Herjavec Group was initiated by him in 2003, with a notable difference – he had no plans of selling his company this time.

The company initially began with a staff of three and generated $400,000 in yearly revenue. Presently, the company’s annual revenue has skyrocketed to $200 million.

Robert Herjavec Net Worth 2023

By May 2023, Robert Herjavec’s net worth amounts to $200 million, which is unsurprising considering his track record of establishing several multimillion-dollar companies and involvement in multimillion-dollar acquisitions.

In Toronto, Robert Herjavec resides in a stunning home alongside his wife and children, indulging in a luxurious lifestyle.

Key Takeaways

Be willing to work for free

Herjavec, facing financial hardship and lacking a steady income, accepted a job for which he was not qualified. The sole reason he secured this position was by offering to work for the company without payment for a duration of six months.

Not all of us are willing to work without compensation for six consecutive days. However, it is important to recognize that providing immense value is crucial for achieving success. In Herjavec’s case, he demonstrated his value by offering his labor to the company without charging for it.

Don’t only do what you’re qualified to do

Kamal Ravikant, the author of Live Your Truth, once inquired about the qualifications of one of the top entrepreneurs in Silicon Valley, questioning how he achieved success in his field.

The entrepreneur chuckled slightly before remarking, “Had I only stuck to what I was officially trained for, I would have found myself performing menial tasks with a broom.” The majority of individuals often lack confidence in their abilities across various domains.

To truly master swimming, immerse yourself in deep waters as the most effective learning approach. The key to learning is through practical experience.

When one door closes another one opens

After being let go from his previous position, Herjavec wasted no time and immediately started his own company. Instead of dwelling on the setback, he chose to focus on putting in the hard work required for success.

Realize that life doesn’t simply happen to you; rather, it unfolds for your benefit. Had he not been fired, he wouldn’t have initiated BRAK systems, ultimately transforming into the successful multi-millionaire he is today.

If you enjoyed Herjavec’s story, you’ll undoubtedly find great interest in reading about his Shark Tank co-hosts such as Mark Cuban, Daymond John, and Mr. Wonderful.