Shark Tank's Barbara Corcoran On Why She Won't Invest In Rich Kids | IGNITION 2018

Shark Tank Investor Barbara Corcoran discusses why she prefers investing in poor kids instead of rich kids.
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#SharkTank #BarbaraCorcoran #BusinessInsider
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Shark Tank's Barbara Corcoran On Why She Won't Invest In Rich Kids | IGNITION 2018

[@KD-bk7gd]

I’m now rich, I came from NOTHING. I’m the injured kid with ego to prove everyone wrong. She’s absolutely dead on accurate. For me it isn’t about the money, it’s about proving to the world that I’m worth more than dirt, which is all the value I was told I was worth. To me it’s about winning. Money means almost nothing.

[@TheJonnyEnglish]

Absolutely brother

[@moneymindsetmatrix873]

Spot on

[@linis331]

True, Its never really about the money 😂. I have 3 succesful companies and 2 more still in recovery from the pandemic. But if you see me or my close business friends. We all dress like bums outside of meetings and eat cheap food. It kinda becomes your comfort zone.

[@PamelaReyes]

That's real

[@BobMcCoy]

*_I’m out, and for that reason I’m Barbara_*

[@benlee5039]

?!

[@cocofano4213]

You're here??

[@toru47]

Bob, the Lisa Guerrero obsessed guy

[@joshuaostapko7534]

_Bob McCoy Lisa Guerro much

[@DylanNabeth2]

omg so many people are copying my comment :(

[@hamzah9522]

Wow, I love her personality, she’s very honest and humble. This is the side we don’t get to see on shark tank.

[@LogeySmalls]

No one: Barbara: “Thank God my kids have dyslexia.”

[@aidenw207]

Struggling in life is what makes you successful, and a good human being.

[@youremadrightnow1742]

I just saw her say that, Yikes, she's happy their dyslexic, its nothing wrong, but she actually said she got lucky, wtf? She makes it sound like if they weren't dyslexic then she would disown them.

[@paulg6527]

I get what her take on that was. I grew up with a severe speech impediment and the drive it took for me to properly enunciate a sentence is the same drive I have towards achieving a goal. It was a struggle and speaking normal is sometimes people take for granted.

[@CDOro]

DeadOverlord666 you are missing the point

[@Michael-zn2jc]

You all take things very literally. So much confusion and hate is being generated over one phrase.

[@WealthbuilderzTV]

Rich kids usually don’t have the drive and determination to build a business from the ground up.

[@Slow-wipe]

"I'm too good to do that, I should be the manager here with a 15% mark up salary b/c of my aptitude for success".

[@miniena7774]

Says the poor skrublet.

[@WealthbuilderzTV]

Mr Daddy Please Spank Me And how is that ignorant?

[@WealthbuilderzTV]

Greg Caesar what makes you think I’m poor?

[@uziel900able]

That's not bad tho, with the right intentions and right partnership a rich kid can fund a less fortunate kid and they can finesse. Just depends though, it needs to be the right people.

[@snoh41]

She is preaching. Love the way she thinks

[@rrn3263]

Happy not to know you!

[@siuabc]

She is one of the best reader of potential in Shark Tank

[@houchi69]

Go ahead and yell at me, but I am gonna say this anyway: she is also a woman in a world run by men. Not only did she grow up poor, she also grow up in a disadvantageous society. She is awesome.

[@christianalexandermarion]

houchi69 hate that you have to preface this in order to no offend anyone. FREEDOM OF SPEECH. just because you hear/read it, doesn't mean it has to offend you.

[@rrn3263]

houchi69 oh please. Millions of us have had similar family background stories, that doesn't qualify anyone to judge the rich kid's ambitions. Very presumptuous don't you think!? I had been surrounded in my lifetime with not so bright individuals But, they became wealthy Realators. No one bragged about their success to the world as Barbara does. They helped raise spirits of the Poor, the Intermediate & yes, the already made Rich kid that wanted to join into the (NAR).

[@rrn3263]

Christian Marion LOL😂tell that to a Liberal friend you may be acquainted with. Good luck!

[@jshepard152]

63% of real estate agents are women. Where's the disadvantage?

[@issabellamerie7139]

@@jshepard152 that wasn't the case 30 years ago.

[@Neontronique]

She could have kept talking on and on, I was just mesmerized by her talking. She is really amazing.

[@collectableinvestor]

Wow, 13 year old kid means she gave birth at the age of 56.

[@jenniferrook-green1089]

Sam Zirkiev her 13 year old was adopted

[@hugolols55]

Jennifer Rook-Green that’s what they want you to belief

[@julietteshakesman7637]

@@hugolols55 huh?

[@johnmadsen37]

Yes. It explains the birth defects.

[@Jay-jb2vr]

@@johnmadsen37 wooooowwwww

[@krazieman69]

I don’t invest in rich kids, but will happily invest “with” rich kids since their connections gets you into deals other people don’t.

[@Evili555]

krazieman69 That’s the smart thing

[@Youshouldstfu123]

She’s a business woman at the end of the day 🤷🏽‍♀️

[@ladhkay]

They have money and for that reason, I'm out

[@angelaw6940]

😂

[@wolfgineer9340]

Essentially, she has much higher respect in children who struggled, came from a point of being at the bottom, and yet are pulling themself to the top vs those who were given the money, the connections, the capital and bam, had a business

[@davidkonevky7372]

When she said "Thank god my kids are dyslexic" my respect for this woman went up 100%. Like, I've never seen someone say something so controversial in such a passionate way

[@melissachartres3219]

Make no mistake... it's a cope. Not a complete one- she is absolutely convinced of what she's saying, but if she could buy a pill for a dollar... that would cure her childrens' dyslexia- you bet your a$$ she'd purchase it and give it to her kids.

[@ChristinaStillittano]

And who among us wouldn't buy a pill to cure their childs learning disability. I love Barbara she's very honest.@@melissachartres3219

[@CammieKN]

@@melissachartres3219 true. I think its bc she also have the resource to let her children focus on certaint things. If this happen to poor family i dont know how the kid will go school and learn etc

[@1003877AP]

What she's saying isn't simply RICH vs POOR. it's more of an argument against the negative qualities that often come as a side effect of being rich versus the qualities that sometimes come with being poor.

[@datboyteo860]

alex level it depends on lots of things

[@carlbowles1808]

I agree with Barbara. Struggle creates strength and endurance.

[@kgal1298]

My first business partner was a rich kid, huge mistake. I'm doing better now and working on my own things on the side I'd rather make it myself than have her dads money hanging over my head.

[@MultiversX]

My dad worked at a place that was owned by three people who won the lottery together a few years before. It was millions. The manager ended up overtaking the company in the end. You should’ve tried that method.

[@HankTheTank23]

"Tom got rejected from all of the best schools ... and he graduated almost top of his class at Columbia." Lol, what? This doesn't make sense, and for that reason, I'm out.

[@evanperilstein5308]

Henry R She’s probably saying he got rejected from all of the top schools at first. He may have gone to Columbia for grad school, not undergrad.

[@josebetacourt5108]

@@evanperilstein5308 But she said he is 24, meaning he would still be in grad school.

[@ShidaiTaino]

JoseBetacourt5 depends on the program

[@visionary6498]

Ight I’ma head out

[@viedaz.4291]

JoseBetacourt5 maybe he graduated late ?? She did say he had learning disability that might’ve held him back a little bit

[@Sergio-fu7mv]

She’s not lying. Rich kids are very entitled, and believe they know everything while we from middle class don’t have that luxury. We have to work hard to get anywhere in life. My dad always told me, “people like us have to work twice as hard to get to where we want to be” and that’s true. Honestly, I rather have grown up how I did, then grow up rich. I’m able to appreciate things more, because I never had them. Shout out to all my working class Americans out there! We have the best lives, and live in the best damn country in the world! ✊🏼🇺🇸

[@HankTheTank23]

I'm generally inclined to agree with you, but that's not how all rich kids think and act. I promise I don't think that way.

[@austing3893]

You are so full of shit. Middle class Americans have a better life than 75% of the world. The opportunity in this countey is insane. Please stop acting like your life was so hard because mommy and daddy didn't throw money at you everytime you asked

[@Wabeeninc]

7 rich kids disliked this

[@THEGRANDTOUR-kt3jh]

97

[@rrn3263]

Jémarc I will never make it to be rich and I disliked her OPINION of rich kids. Your parents did very good by you. Give them a hug!

[@Zzzurii]

Very well said! Hustle vs. Hand me downs

[@martley2672]

I’ve watched this multiple times and just uplifts me and gives me inspiration. I’m not even aspiring to be an entrepreneur.

[@ginsang5334]

I know a lot of people don’t like Barbara, but I freaking love her!!!!

[@thewizard5339]

She's not wrong tbf

[@KBacon-bu3jm]

John Dylan eh somewhat but she is talking about shark tank rich kids. But sometime the rich kids make the biggest business and hire many others.

[@3rkid]

This honest stream of consciousness is really something

[@pascalcalixte1583]

Seems like the interviewer was a rich kid with the right connections.

[@AndrewIGoode]

It's interesting to see how income of parents can impact you as a child. My parents didn't have money until my dad sold the land he worked really hard to keep after 15 years of hard work. He was up til 3am and would get up at 5 on some days. He didn't get money until I was going into the adult world, so I never felt like a rich kid, I just felt I had a hardworking dad who bled for his work and it took years to have something to show for it. At age 20, that's inspiring to me and I hope to do the same rather than get a handout now

[@sdsumiguel5937]

She should have just said “yes i invest in my kids’ businesses because its my money and i can burn through it as i please.”

[@Heltiic]

Thats what Kevin would say if that question was asked to him, lmao

[@Theoatrix]

I have new respect for Barbara

[@JSiuDev]

She is "old-school" and frank. Thumbs up!

[@benlawrence309]

I'm severely dyslexic and I f****** hated every moment of school.

[@dari4303]

I love barbara she speaks facts! Its no better feeling then making it when you started from nothing!

[@gai_ninja]

Very good point. Struggles are the best lesson

[@BruniFamilyTV]

Very well said. Love it.

[@justanotherguy4283]

She right! My first job was McDonalds. For 3 years!! Yikes

[@kylehallman8183]

You know, despite all the memes about her on Shark Tank, shes quite well spoken and very fair and honest.

[@christianalexandermarion]

excellent, excellent frame of mind and thought process. would love ALL her advice. FOR THAT REASON I AM IN.

[@rmm6350]

Hypocrisy at it's finest: Rich kids are the worst except mine, because mine fought their struggles.

[@eamami1087]

RMM she’s dismissing and putting every other rich kid in a box but not her kids, they’re different....

[@richardramfire3971]

Exactly what I was thinking. Or yours had struggles. You probably had expensive tutors. Your son didn’t have to worry about a job. Hypocrite exactly

[@NewbyTon]

they're gonna go to Dr Phil and get sent to *_THE RANCH_*

[@limbyron8713]

For some reason, she just reminds me of a more successful, kinder, IRL sue sylvester

[@rickyrossay9418]

She said her kid got rejected from all the top schools, but then says her son graduated top of his class at Columbia which has a 7% acceptance rate...

[@sailorsister211]

Ikr, its pretty privilege to assume Columbia is low rated, plus mentions her kids aren't that privilege since they have dyslexic. Her kids are still very much privileged even with learning disabilities. I'm sure Barbara got them access to good school and tutors to help out with dyslexic. If she let them cope with dyslexic on their own and spend them to low rated public school, then her son wouldn't even dream of going to Columbia. I am dyslexic, still struggle with it to this day. My parents are nice loving and supportive people but they couldn't afford to get me tutor or for me to go to nice private school that could help me with my learning disability. So I have to deal with my learning disability on my own. Which is hard for me to this day as an adult. It has cost me good grades and promotions.

[@alessandracoke]

transferred maybe?

[@CombatSportsTalkLosAngeles]

Love this woman. 👍

[@Evan_Almighty2049]

She’s such an inspiration. Go, Barbara!…I’m in.

[@afifa6435]

I love her honesty and wisdom

[@alanl9497]

Right-some of us are misinformed.

[@patw.6567]

drinking game: take a sip everytime she says "Rich Kids"

[@jeffweetwoot]

Thank you Barbara!!!

[@allansh828]

I am dizzy now. The camera is too shaky.

[@jureivkovic5772]

Always loved Barbara, one of my favorite sharks

[@heardmod8760]

Forget rich kids, she doesn't invest in anything

[@VeeAmericanEagle]

Heardmod thank you!! I was looking for this comment!!!!!

[@ashleyshim2078]

@@VeeAmericanEagle it's okay to be picky lol

[@VeeAmericanEagle]

Ashley shim I love you

[@busterbiloxi3833]

She's a real estate broker. Her only investments are the properties that she owns. Maybe a condo and a country house. That's it. She earns big commissions and that's it.

[@dboyagod]

Wow motivation

[@walikhaled7739]

Very inspirational

[@7lol2007]

it is not much or rich kids themselves as to their family's teaching and what values the parents passed down. I agree, it is hard to have hunger for success when your starting line is already someone's finish line.

[@davida6146]

We all have struggles and only we know how big and small they are (relative) to us.

[@benlee5039]

What if the rich kid was a poor kid at first?

[@denisedelgiudice3378]

She is so wise, witty, and a lovely person!

[@mayonce6561]

I love this.

[@ariezj]

I don't think it rich Vs poor its more like smart hardworking Vs lazy and no ambition

[@Guitaroverkill]

Work ethic has nothing to do with growing up rich or poor. It has to do with putting the time in to get results.

[@RobertHurleyJr]

Came here to look down on Barbara based on all the other shark tank videos trashing her. But i am blown away by her insight.

[@soos7246]

*Simple knowledge that us poor know*

[@southernc4919]

When your parents tell you that you can’t succeed, you have the F U attitude to succeed. She’s so right !!!

[@SermonsSubtitled]

I just love this woman so much!!

[@jhenapingul4962]

Wise lady I look up to!

[@John-oc1sr]

This gives me hope

[@briahumble1858]

Why are people clowning Barbara? She has come from nothing and I respect her for being smart with her investments . Not every deal that comes into shark tank will be a true success . She’s careful about what she does with her time and money .

[@samkayser5837]

Her son apparently had to scrap and claw to even get passing grades and got rejected from all the best schools according to her, but still got into Columbia, an amazing Ivy League school. Talk about privilege. Nobody is getting into Columbia with just "passing" grades unless there is some kind of connection or money. Basically, her son got into Columbia because he is a rich kid from a well-to-do family. So while she is generalizing kids on their parents hard work and wealth, maybe she should look in the mirror and ask herself, have my kids received the same benefits that I am talking shit about? What a joke.

[@addy.tpc8.24]

Hater

[@Aigulsimpson]

She did say that her children are privileged

[@Imjusttryingtotellu]

I loved how she ended that, it’s more grit than I’ve ever imagined and I earned it 🤞🏾🔥

[@mohammedyakub3760]

Do in America you have to repeat the grades over and over again until you pass? In the UK you just move up every year but each year has different levels

[@mobrown7594]

She is soo happy 😊

[@hi-nw7qy]

Hell, its a surprise even hearing Barbara make it past the pitch.

[@ProfessionalTycoons]

love this women

[@arielguzman2875]

Very interesting of thinking

[@VeryPrivateGallery]

True for rich young artists and poor young artists too.

[@bigbrotherau05]

I don’t know how strict she lives by the things she said in this clip, but it is refreshing to hear it from a rich person. Even though she does probably invest in “injured” people because she thinks and/or has experienced she can make more money off of them.

[@Beelzeblue]

okay but that necklace... she in her bag

[@danielchung2633]

I guess she wouldn’t invest into bill gates

[@RafaelLopezNewton]

daniel chung Bill Gates ,at the time, wouldn’t need her money, he had his parents.

[@burtonl7239]

@@RafaelLopezNewton Not really. She could have invested when Microsoft went public and she would probably be the richest woman in the world right now.

[@Chaywatchesvideos]

Her necklace is stunning!

[@germainrodriguez5230]

She's right.

[@reach4716]

The world is unfair and will always be..rich kids will be ahead of anything...but one of the greatest story is when you have nothing then you succeed..your not just become an inspiration but a hero to other...

[@daniels7861]

24 rich kids have disliked this

[@PoGoHop360xl]

I love this

[@dessflorida4358]

Grit. I love her.

[@youcanknowanything8489]

perfect word...grit! She's faaabulous!

[@tyisha2105]

Sounds like she’s talking about equity….and I like it.

[@andrewrubiomanriquez]

Barbara is awesome.

[@crush5351]

I love her!

[@krishnasaisudarshan9825]

She is a genius 👍👍👍

[@phuonghuynh5946]

This reminds me of the guy with no arm and no legs who became a traveling millionaire who motivates people. The struggle makes the person

[@bngr_bngr]

So she wouldn't invest in the founders of Microsoft or Facebook?

[@not.enoughto.go.around6176]

They didn't start out as rich kids... So this actually proves her point.

[@bngr_bngr]

Not.enough to.go.around you must not be familiar with their backgrounds. They both went to Harvard. Marks parents were doctors. Bills family come from a long list of successful business men. His father was an attorney.

[@EvanLikesCake]

Zhembut Borneo Bill Gates father was rich

[@groundtofu4238]

bngr bngr your mixing up upper middle class with rich no one with half a brain would have invested in Zuckerberg because Facebook to start with wasn’t meant to be a public platform and the success was really attributed to the simplicity and usability(nothing predictable)of the site rather than anything Mark did as a businessman, not to mention he has no background in any entrepreneurial endeavors and if he was rich he wouldn’t have had to work during school to get some extra cash. Gates is a completely different story his family to an extent had a background in business and fairly affluent but aside from money he had connections other people could only dream of. You also have to consider the man was a merit scholar; money can’t and will never buy intelligence. Point is if you wanted reason to invest in him you could find some. Many rich people are aware of their place and know that they come from a powerful family and/or known the connections and backup plans that are accessible to them, thus care less or are not as passionate for what they do. It doesn’t matter whether your rich or poor but to be successful you have to be passionate and know what you’re doing and how you’re gonna do it. When you have a family worth billions, attend prestigious private schools with tuition worth more than some people annual income, and you can simply call a family friend and land a job that pays incredibly well it’s hard to have the attitude needed to be a successful entrepreneur.

[@bngr_bngr]

groundtofu actially Marks brilliant idea was to scale Facebook beyond the university crowd. You are naive if you think the upper middle class is not rich.

[@O.Ez8]

That necklace looks insane

[@lovelana3595]

Barbara is pretty incredible.

[@zachariahmolby534]

powerful

[@JustinAnsako]

True

[@catelynsilverine8508]

she's speaking of context but I'm pretty sure that rich kids with the right context can become super entrepreneurs

[@saxo689]

She goes out no matter what

[@Im_George]

I'm Barbara, and for that reason, I'm out

[@Coach_13]

Barbara: “I don’t invest in rich kids because I’m out”

[@RS-ip8gw]

Also among friends, people who have lesser seems to help greatest. Empathy, resilience, confidence -- you develop that without golden Mommy and Daddy

[@myskateproapp7179]

Damn Barb you that GOaT

[@Parisbella219]

Anyone staring at her dimple the whole time? Lol

[@human8612]

I speak for the rich kids when I say that some of us are ok