Shark Tank Star Barbara Corcoran on Regretful Purchases

Barbara Corcoran, real estate mogul and star on “Shark Tank,” has achieved considerable success in her career as an investor and businesswoman. Having started with a mere $1,000 loan in the 1970s, Corcoran set forth to build New York’s largest real-estate company, The Corcoran Group, which she sold in 2001 for $66 million.

But the “Shark Tank” star admits to having made regretful purchases throughout her lifetime. Corcoran sat down with CNBC where she shared her most regretful expense this year: a $3,000 Gucci dress.

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“I knew it the minute I bought it, it was a mistake,” Corcoran says, “because you wear it once and everyone remembers it… I’ve only worn it once—what a waste of money.” Although Corcoran generally thinks money is there “to be spent,” she regrets purchasing the designer dress because it simply wasn’t a long-term investment.

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