Robert Herjavec has made a name for himself in the world of business and television. Born in Croatia and emigrating with his family to Canada, he has built an impressive career as an investor and entrepreneur. With a strong foundation in internet security software, Herjavec founded BRAK System, which eventually sold to AT&T for more than $30 million.
As of June 2023, the Croatian-born Canadian investor’s net worth is estimated to be around $300 million. Thanks to his expertise in investments and his appearances on popular television programs like “Shark Tank,” Herjavec has become a highly respected figure in the business world. The rapid growth of his wealth can be attributed to his keen eye for investment opportunities and a dedication to achieving success in every venture he undertakes.
Earning a degree in English literature and political science from the University of Toronto, Herjavec has come a long way since working various minimum wage jobs in the 1980s. Today, his impressive net worth stands as a testament to his hard work, determination, and business acumen. As his influence continues to grow in the realm of business and television, so too does the fascination with his incredible success story.
Early Life and Education
Robert Herjavec was born on September 14, 1962, in Varaždin, a city in what was then Yugoslavia and is now Croatia. His family faced political oppression in their homeland due to his father’s opposition to communism. In search of a better life, the Herjavec family immigrated to Canada, settling in Halifax, Nova Scotia, when Robert was only eight years old.
Growing up in a new country, Robert faced numerous challenges, including learning a new language and adapting to a different culture. Despite these setbacks, he embraced his educational journey and excelled academically. After completing high school, Herjavec enrolled in the prestigious University of Toronto, where he had an opportunity to further his passion for learning.
At the University of Toronto, Robert pursued a double major in English Literature and Political Science, reflecting his diverse interests and expansive intellect. These fields of study allowed him to develop a strong foundation in critical thinking, communication, and analytical skills, elements that would prove to be crucial in his future career as a successful entrepreneur and businessman.
During his time at the University of Toronto, Herjavec dedicated himself to his studies and built a network of peers and mentors who would later prove influential in his career. This period of his life laid the groundwork for his future accomplishments and provided him with the education and confidence necessary to navigate the competitive world of business and investment.
Career Beginnings
Robert Herjavec’s professional journey started in the film industry after graduating from college at the age of twenty-two. However, his path soon took a turn towards the technology sector. He found his footing when he took on a role at a Toronto-based company, LogiQuest. As a sales representative, Herjavec excelled in selling IBM mainframe emulation boards.
After gaining valuable experience at LogiQuest, he transitioned into a position as General Manager at a leading technology company, AT&T Canada. Here, he further developed his skills in business management and built a reputation in the technology market.
In pursuit of greater challenges, Herjavec took a leap into entrepreneurship. He established BRAK Systems, a company specializing in internet security. BRAK Systems garnered significant success and established Herjavec as an influential figure in the tech industry. His dedication and expertise led to the eventual acquisition of the company by AT&T Canada for a hefty sum.
Throughout his career, Herjavec remained open to new ventures and investments outside the realm of technology. For instance, he invested in the real estate sector and dabbled in other industries to diversify his portfolio. As a result, his overall net worth continued to grow, and his credibility as a successful entrepreneur solidified.
In recent years, Herjavec’s name became synonymous with Nokia, as he played an essential role in promoting their products and services. Through strategic marketing efforts and public appearances as a brand ambassador, he further expanded his influence in the world of business.
To sum up, Robert Herjavec’s career beginnings show a trajectory marked by determination, adaptability, and a keen acumen for seizing opportunities. His experiences in companies like LogiQuest, AT&T Canada, and Nokia, as well as his forays into real estate, paint a picture of a confident, knowledgeable, and versatile entrepreneur.
Brak Systems and The Herjavec Group
Robert Herjavec founded Brak Systems in the late 1990s as a Canadian integrator of internet security software. Brak Systems quickly became the largest internet security firm in Canada, focusing on providing comprehensive cybersecurity solutions to clients. In 2000, Herjavec sold Brak Systems to AT&T Canada (now Allstream Inc.) for $30.2 million.
Following the success of Brak Systems, Herjavec founded The Herjavec Group in 2003. The company has since grown to become one of the largest information technology and computer security companies in Canada. With a focus on cybersecurity, infrastructure, and risk management, The Herjavec Group offers a range of security solutions to businesses, government institutions, and other organizations.
Under Herjavec’s leadership, The Herjavec Group has expanded its operations globally, providing cybersecurity services to clients in North America, Europe, and Asia. The company has been recognized for its innovation and impressive growth, with over $200 million in annual revenue.
The Herjavec Group has acquired several software companies to expand its service offerings, including the Ramp Network, which bolstered its position in the information technology sector. Today, the company continues to be a leader in the cybersecurity industry, with a team of highly skilled professionals delivering cutting-edge security solutions globally.
This combination of successful ventures – Brak Systems and The Herjavec Group – has significantly contributed to Robert Herjavec’s net worth, which is estimated to be roughly $300 million as of June 2023.
Television Career
Robert Herjavec is a well-known television personality, having appeared on several popular shows. His television career began with Dragon’s Den, a CBC TV show where entrepreneurs pitch their business ideas to a panel of potential investors. He was a “dragon” on the Canadian version of the show from 2006 to 2012, where he invested in various companies and shared his business expertise.
In 2009, Herjavec expanded his television presence by joining the cast of Shark Tank, the American counterpart to Dragon’s Den. As a “shark,” Herjavec has been a key part of the show for numerous seasons, regularly appearing alongside fellow investors to evaluate and potentially invest in the business proposals presented by entrepreneurs. Throughout his time on Shark Tank, he has made several notable deals with businesses, further solidifying his status as a successful investor.
Apart from his appearances on investment-related shows, Robert Herjavec showcased his competitive spirit in 2015 as a contestant on the reality competition series, Dancing with the Stars. He was partnered with professional dancer Kym Johnson, and the duo made it to the finals, finishing in sixth place. This appearance not only displayed his versatility as a television personality but also led to a personal relationship with Johnson, whom he later married in 2016.
Another aspect of Herjavec’s television career is his involvement with QVC, a home shopping network where he has promoted various products, leveraging his popularity as a TV personality to boost sales. His presence on QVC demonstrates his ability to connect with audiences and lend his credibility to the brands and products he endorses.
In summary, Robert Herjavec is a well-rounded television personality with a diverse range of appearances. He has successfully established himself as a knowledgeable and savvy investor on Dragon’s Den, Shark Tank, and QVC, while also showcasing his competitive side on Dancing with the Stars.
Notable Investments and Businesses
Robert Herjavec has made a significant mark in the business world with his investments and ownership endeavors. His net worth of around $300 million showcases his business acumen and keen eye for lucrative opportunities.
One of his notable investments includes Tipsy Elves, a sweater company that specializes in creating unique, high-quality holiday and thematic sweaters. The company has since expanded its product line to include other festive clothing and a wide variety of accessories.
Another key player in Herjavec’s portfolio is FUBU, a clothing brand aimed primarily at the African-American market. Founded in 1992, FUBU has grown into a global fashion brand, boasting an extensive product range that includes casual wear, accessories, and footwear.
Herjavec also recognized potential in the tech industry with his investment in Softkey Software Products, a company that once dominated the market for educational and productivity software. This investment allowed him to gain a strong foothold in the growing software sector.
In the entertainment and media world, Robert Herjavec has also made some notable moves. He holds stakes in the Dallas Mavericks, a well-known NBA team, further diversifying his investment portfolio. Additionally, he has invested in Magnolia Pictures, an American film distributor, reinforcing his role in the entertainment industry.
Continuing his venture into the media sector, Herjavec also owns a share in AXS TV, a television network that focuses on live events, music, sports, and pop culture. This investment complements his overall media and entertainment presence.
Finally, one of his more unique investments is in an Earring Organizer company, which focuses on providing creative and practical storage solutions for various types of earrings. This investment showcases Herjavec’s ability to identify niche markets and capitalize on their potential.
Throughout Robert Herjavec’s illustrious career, his investments and business ventures have highlighted his ability to recognize potential and capitalize on market opportunities. These notable investments and ownership stakes contribute significantly to his overall net worth and his continued success as one of the most prominent figures in the world of business.
Personal Life and Philanthropy
Robert Herjavec was married to Diane Plese for over two decades before their divorce in 2016. Together, they have three children. After the divorce, Herjavec found love again with his Dancing with the Stars partner, Kym Johnson. The couple got married in 2016 and welcomed twins, a boy and a girl, in 2018.
As an immigrant from Croatia, Herjavec has often talked about his journey to success and the importance of giving back. His philanthropic efforts are evident through his involvement in various charity organizations. He actively participates in causes related to children’s health, animal welfare, and entrepreneurial support.
In addition to his achievements in business and television, Herjavec is also known for his luxurious lifestyle. He owns several properties, including a lavish mansion in the prestigious Hidden Hills neighborhood of Los Angeles. The sprawling estate features state-of-the-art amenities and offers a stunning view of the city.
Despite his extraordinary success, Herjavec remains grounded and appreciative of his humble beginnings. He continues to use his platform to inspire others and contribute positively to society.
Net Worth and Awards
Robert Herjavec, a Croatian-Canadian businessman, entrepreneur, and television personality, has an estimated net worth of $300 million as of June 2023. He made his fortune through various successful business ventures, including the sale of BRAK Systems, an internet security software company, to AT&T Canada for $30.2 million. As the founder and CEO of The Herjavec Group, founded in 2003, the company reportedly earns more than $200 million annually.
Some of his fellow investors on the popular television show, Shark Tank, include Daymond John, Barbara Corcoran, Mark Cuban, Lori Greiner, and Kevin O’Leary. Collectively, they have invested over $100 million into products and businesses from the award-winning show.
In addition to his significant net worth, Herjavec has also received various prestigious awards, such as the Queen Elizabeth II Diamond Jubilee Medal. This merit signifies his significant contributions to Canadian business and philanthropy.
Moreover, Robert Herjavec is known for investing in a wide range of business sectors, which demonstrates his practice of diversifying investments. Some of his ventures involve areas like travel, cybersecurity, and consumer products.
Although much of the focus is on his business success, Herjavec is also involved in philanthropy. He is committed to giving back to the community and contributes to causes that support cancer research, children’s hospitals, and business education.
In conclusion, Robert Herjavec’s impressive net worth and success are due to his entrepreneurial spirit, business acumen, and strategic investments. His numerous awards and recognition further solidify his position as a prominent Canadian businessman and investor.
Lessons Learned and Advice
Robert Herjavec, a Croatian-born Canadian investor and businessman, has an estimated net worth of $300 million. As the founder of BRAK System, a Canadian integrator of internet security software, and the Herjavec Group, a Toronto-based IT security firm, he has truly made his mark in the digital security industry.
Coming from a background of poverty, Herjavec’s family escaped communism in the former Yugoslavia and moved to Canada. He started his career working minimum wage jobs, which taught him the value of hard work and served as a foundation for his success in entrepreneurship.
Here are some noteworthy lessons and advice from Robert Herjavec’s journey:
1. Embrace your roots: Despite facing hardships in his early life, Herjavec embraced his experiences and used them as a driving force to achieve financial success.
2. Invest in emerging industries: Herjavec recognized the potential of the internet security software market in its early stages. By investing in and building businesses in this industry, he established a strong foothold and reaped the benefits as it rapidly grew.
3. Learn from setbacks: Throughout his career as a venture capitalist and author, Herjavec has experienced both successes and failures. He believes that learning from setbacks and embracing them as part of the entrepreneurial journey is crucial for growth.
4. Share your knowledge: As a television personality on ‘Shark Tank,’ Herjavec has shared his expertise and experience, providing valuable advice to entrepreneurs. He encourages others to share their knowledge as well, helping others succeed in their endeavors.
5. Focus on the product: Herjavec’s success is partly attributed to his ability to identify and invest in quality products. He emphasizes the importance of evaluating a product’s potential and its market fit to make informed decisions.
While achieving a net worth similar to Herjavec might not be the goal for everyone, these lessons and tips from his journey can undoubtedly inspire and motivate those pursuing their own paths in entrepreneurship and business.
