Barbara Corcoran sold her real estate firm, The Corcoran Group, in 2001.
The Sale of The Corcoran Group
Barbara Corcoran, a renowned entrepreneur and real estate investor, completed the sale of her highly successful real estate brokerage, The Corcoran Group, in 2001. This transaction represented a pivotal moment in her career, transforming her role from a hands-on business owner to a widely recognized media personality and investor.
Key Details of the Acquisition
The acquisition of The Corcoran Group was a significant event in the real estate industry. Here are the core details of the sale:
| Aspect | Detail |
|---|---|
| Firm Sold | The Corcoran Group |
| Year of Sale | 2001 |
| Sale Amount | $66 million |
The Unspent Fortune
Interestingly, despite the substantial sum of $66 million she received from the sale of her firm, Barbara Corcoran has publicly stated that she has not spent the majority of that money. This financial discipline highlights her long-term approach to wealth management, even two decades after the major real estate deal.
