Robert Herjavec: A Journey from Immigrant to Multi-Millionaire

Robert Herjavec, a name synonymous with entrepreneurial success and television fame, has carved a niche for himself in the competitive world of business and entertainment. Born in Croatia and immigrating to Canada with his family under challenging circumstances, Herjavec’s story is one of determination, resilience, and financial acumen. His journey from a modest beginning to achieving a net worth estimated at $300 million as of 2023 is a testament to his hard work and strategic mindset.

Early Life and Immigration

Robert Herjavec was born on September 14, 1962, in Varaždin, Croatia. His early life was marked by significant challenges, including his family’s move to Canada in 1970 due to political oppression in Yugoslavia. Arriving in Halifax with just $20 and a suitcase, the Herjavec family’s story is a dramatic tale of new beginnings. Settling in Toronto, they faced numerous hardships, living in a basement and struggling to make ends meet. Herjavec’s father secured employment in a factory, but it was their relentless spirit that kept them going during those tough times.

Despite the language barriers and economic difficulties, Herjavec’s formative years were filled with valuable life lessons about resilience and perseverance. His education at the University of Toronto, where he earned a degree in English literature and political science, laid the groundwork for his diverse career pursuits.

From Filmmaking to Tech Entrepreneur

Herjavec’s career began in the film industry, where he worked as an assistant director on various productions. However, his entrepreneurial spirit soon led him to the burgeoning field of technology. He joined Logiquest selling IBM mainframe emulation boards, a job he secured by offering to work for free initially. His tenacity paid off as he quickly climbed up the ranks to become the general manager.

In 1990, after a brief stint at Logiquest, Herjavec founded BRAK Systems, a Canadian integrator of Internet security software, from his basement. This venture was sold to AT&T Canada in 2000 for a substantial $30.2 million. This sale marked the beginning of Herjavec’s journey into major business success.

The Herjavec Group and Continued Success

In 2003, Herjavec founded The Herjavec Group, focusing on security solutions, reselling, and managed services. The company showed phenomenal growth, quickly becoming Canada’s largest IT security provider, boasting over $200 million in annual revenue. His leadership and vision propelled the company to the forefront of the technology sector, making it a key player in the North American market.

The Herjavec Group’s success attracted significant investment, leading to a majority stake acquisition by Apax Partners in 2021, although Herjavec retained a significant portion and continued as the CEO. This strategic partnership aimed to further scale the business, leveraging Apax’s resources and global footprint.

Television Stardom

Herjavec’s charisma and business acumen made him a perfect fit for television. He became widely known for his role as an investor on “Shark Tank,” where he invested in numerous startups, contributing to his reputation as a savvy investor. Prior to “Shark Tank,” he was a star on CBC’s “Dragons’ Den,” the Canadian counterpart of the popular show.

His television appearances helped him gain a celebrity status which he used to further his business interests and share his knowledge through public speaking and authoring books on business and motivation.

Personal Life and Philanthropy

Herjavec’s personal life has had its share of public interest, particularly his relationships and family life. He was married to Diane Plese from 1990 to 2016 and is currently married to Kym Johnson, with whom he shares twins. Beyond his family, Herjavec is known for his philanthropic efforts, particularly in supporting causes related to homelessness and mental health.

His contributions to various charitable organizations demonstrate his commitment to giving back to the community, a value instilled in him from his early days of struggle in Canada.

Conclusion

Robert Herjavec’s journey from a struggling immigrant to a celebrated millionaire is not just a story of financial success but also of personal growth and community impact. His life reflects the possibilities inherent in determination and adaptability, serving as an inspiration to many aspiring entrepreneurs and immigrants across the globe.

FAQs

• What is Robert Herjavec’s net worth?
  As of 2023, Robert Herjavec’s net worth is estimated to be around $300 million.
• How did Robert Herjavec make his money?
  Robert Herjavec earned his wealth through his business ventures, primarily in the technology sector with The Herjavec Group, and his investments on television shows like Shark Tank.
• What companies has Robert Herjavec invested in on Shark Tank?
  Herjavec has invested in numerous companies on Shark Tank, including Tipsy Elves and Aura Bora.
• What books has Robert Herjavec written?
  Robert Herjavec has authored several books, including “Driven: How to Succeed in Business and Life” and “You Don’t Have to Be a Shark: Creating Your Own Success.”
• What is The Herjavec Group?
  The Herjavec Group is a global cybersecurity firm that provides comprehensive protection to minimize cyber threats and exposure.