Get All Access for $5/mo

Barbara Corcoran Reveals How She Made $1 Million In Just One Day: 'Nobody Wants What Nobody Wants' In a video that's been liked over 11,300 times, Corcoran paints a picture of New York in the early 90s in the midst of a recession.

By Emily Rella

Opinions expressed by Entrepreneur contributors are their own.

Barbara Corcoran is a self-made multi-millionaire and "Shark Tank" star who has long been open about mentoring the entrepreneurs she invests in and offering advice about how to make it in the business world.

But now the real estate mogul is sharing a huge score — how she managed to make $1 million in just one day.

In a video that's been liked over 11,300 times, Corcoran paints a picture of New York in the early 90s amid a recession, when she had 88 apartments on the market that were not selling — the "drags" of apartments, she said.

Related: 'Shark Tank's' Barbara Corcoran Says She Built Her Business 'Almost Like a Man'

She then priced all the apartments at the same, regardless of location or size, and announced a "secret sale" of all the units on a first-come, first-serve basis.

"The day of the sale, I had 150 people waiting in line for those 88 apartments," Corcoran said. "That created a buying frenzy, and I plopped $1 million in commissions right in my pocket … I learned in business that everybody wants what everybody wants, but nobody wants what nobody wants."

RELATED: This Unique NYC Penthouse Was Once Owned By Barbara Corcoran

The businesswoman recently shared a tour of her apartment on TikTok, which is anything but a drag, valued at an estimated $13 million.

"I was working as a messenger 26 years ago. I came, I delivered a package, I saw the view out of her door right there," Corcoran explained to viewers during her video tour while pointing to the main kitchen window. "And I said if you ever sell this ma'am, would you sell it to me? She called me 26 years later."

Corcoran's net worth is an estimated $100 million.

Emily Rella

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

These Companies Offer the Best Work-Life Balance, According to Employees

The ranking is based on Glassdoor ratings and reviews.

Productivity

6 Habits That Help Successful People Maximize Their Time

There aren't enough hours in the day, but these tips will make them feel slightly more productive.

Business News

Apple Is Adding ChatGPT to iPhones This Week. Here's How It Works.

ChatGPT will take over questions that Siri can't answer.

Leadership

Why Your AI Strategy Will Fail Without the Right Talent in Place

Using fractional AI experts through specialized platforms allows companies to access top talent cost-effectively, drive innovation and scale agile strategies for growth.

Science & Technology

Use This Framework to Successfully Integrate AI Into Your Business Operations

Here's how to ensure both innovation and compliance when using AI in your organization.