Get All Access for $5/mo

'Money Has Nothing to Do With Being Happier': Barbara Corcoran Opens Up About the Struggles That Come With Being Wealthy The real estate maven spoke to CNBC about the common misconceptions people have when they get wealthy.

By Emily Rella

Opinions expressed by Entrepreneur contributors are their own.

Getty Images

Barbara Corcoran is revered as a real estate titan and investor on ABC's "Shark Tank," having amassed a fortune throughout her endeavors.

But in a recent interview with CNBC Make It, Corcoran spilled the tea on why having money doesn't equal happiness and how having money can lead to more problems.

Corcoran told viewers that she is "no happier today" with her millions than she was before her career took off, and she's still insecure about the same things now that she was worried about when she was "dirt poor."

"The problem with being rich is you can get richer, so you start looking toward the next thing that money is gonna buy," she explained.

Related: 'All Hell Is Going to Break Loose': Barbara Corcoran Issues Warning About Real Estate Market, Interest Rates

She also talked about issues that arise when money enters the picture and how people will start to expect things from you and come to you with money problems, assuming you can pay.

"Money complicates relationships, relationships with your friends, family … so when you don't have a lot of money, things run smoother," she explained. "But I still am happy to have a lot of money. Ironically, I don't know why that is."

Corcoran is not one to shy away from advising her fans on social media.

Related: Barbara Corcoran Was Almost Fired From 'Shark Tank' Years Ago

Earlier this year, she told Instagram viewers how she made $1 million in one day by selling 88 apartments (that were getting no bites on the market) for one flat price, no matter the size or location.

"I learned in business that everybody wants what everybody wants, but nobody wants what nobody wants."

Corcoran has an estimated net worth of $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

Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.

Franchise

The Top 10 Coffee Franchises in 2024

From a classic cup of joe to a creamy latte, grab your favorite mug and get ready to brew up success with the best coffee franchises.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Marketing

How Small Businesses Can Leverage Dark Social to Drive Word-of-Mouth Marketing

Dark social accounts for 70% of social media shares and is crucial for small businesses. Here's how you can tap into this hidden marketing opportunity.

Business News

'Jaw-Dropping Performance in 2024,' Says a Senior Analyst as Nvidia Reports Earnings

Nvidia reported its highly-anticipated third-quarter earnings on Wednesday.

Business News

'Do You Sell Cars?': Tesla CEO Elon Musk Trolls Jaguar Rebrand on X

The team running Jaguar's X account was working hard on social media this week.