The ‘Shark Tank’ Sharks Are Paid How Much to Appear on the Show
Shark Tank has a straightforward premise.
Entrepreneurs pitch their next big idea or product, and real-life investors, known as Sharks, decide whether or not to invest their own money in the fledgling businesses.
Shark Tank, now in its 12th season, has aired over 200 episodes and introduced viewers to some bizarre inventions, such as a bacon-scented alarm clock and candles that claim to attract men with their distinctive scents.
However, because the Sharks put their own money into these businesses, many fans are curious as to how much they are paid to appear on the show.
Shark Tank is one of the most popular and longest-running reality shows on television, with investors putting a lot of their own money on the line to support the products pitched on the show.
But, if the Sharks are putting their own money at risk, do they receive comparable pay to compensate for the risk?
According to Variety, the Sharks are paid around (dollar)50,000 per episode.
This wasn’t the case when the show was less popular than it is now.
Business Insider published a story in 2014 about leaked emails from the Sony hack, which revealed information about one of the Shark’s salaries at the time.
Mark Cuban was negotiating a contract for his appearances on the show, according to messages between him and Sony executives.
Mark was set to earn (dollar)30,000 per episode for Season 5, (dollar)31,200 for Season 6, and (dollar)32,488 for Season 7, according to the emails.
That brings his total earnings from the show to (dollar)870,000 in Season 5, (dollar)904,800 in Season 6, and (dollar)942,152 in Season 7.
According to the publication, Mark’s fellow Shark, Kevin O’Leary, was earning around $30,000 per episode at the time, according to the 2014 TV Guide annual industry report.
According to Celebrity Net Worth, Mark Cuban, the owner of the Dallas Mavericks, has the highest net worth of all the Sharks, at (dollar)4.5 billion.
Kevin O’Leary is the second richest person in the world, with a net worth of (dollar)400 million.
Kevin makes his money in the technology industry, and he was also a cast member of the first Shark…
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