Kevin Harrington (who was born October 15, 1956) is a quite famous American entrepreneur, business investor, writer, coach, and business executive. He has addressed audiences on the Shark Tank and Inpex 2012, an American invention trade event.
He was a member of the original panel and an investor in the ABC television program Shark Tank from its appearance in the show in 2009. After 2 successful seasons on the program, he departed in 2011. This decision came as a shock to many people. Why would someone who invested in so many companies want to leave? What are his reasons for leaving? We will answer these questions and more in this blog post!
Why did the producers replace Harrington with Cuban in season 3 of Shark Tank?
Many people are wondering why Kevin disappeared from Shark Tank episodes but it has been stated that he had to due to some health-related issues like heart surgery twice during his time at Shark Tank which lead him to have an irregular heartbeat. It seems like this made him take up fewer projects even though leaving wasn’t what he wanted. However, fans can see how much passion he still has for the business world!
After making several American dreams come true, Mr. Harrington showed up in 20 episodes of Shark Tank’s first 2 seasons. He paired his financial capital with his marketing knowledge to produce appealing offers by using his PR, infomercials, and distribution/business expertise.
According to the Daily Beast report published in 2012, Mr. Harrington was dismissed by the showrunners of the popular entrepreneur shows – Mark Burnett (the executive producer) and Clay Newbill (one of the showrunners) because he wasn’t interested in many businesses offered from young entrepreneurs compared to his colleague “sharks” in this show. That is the main reason when they replaced him with a new “shark” Mark Cuban, who, according to the source, has increased the program’s entertainment value tenfold.
When the “sharks” begin to compete against each other to get the potentially profitable deal, the program frequently puts viewers on edge. It turned out, this is where Cuban shines.
He has developed a reputation for being considerably keeners compared to other sharks – whether by winning a company for himself or making agreements with the promising participants to cut in rivals while excluding others.
In addition to this amazing trait, Cuban is pretty straightforward on the pitch that he makes to the sharks. He can boast the actual shark similarities as he is openly hostile to contracts with unethical or unlawful business models, but when he finds a deal he finds promising, he bites as a real shark.
Who Are the “Sharks” in 2021 After the Disappearance of Kevin Harrington?
On October 16, 2020, the first episodes of Shark Tank’s twelfth season were aired. Due to the COVID-19 safety measures, filming took place during the epidemic and was finished in July, according to Deadline’s story.
The cast was largely made up of familiar personalities, including Mark Cuban, Barbara Corcoran, Lori Greiner, Daymond John, Robert Herjavec, and Kevin O’Leary. There are also recurring sharks in this season – Daniel Lubetzky, Blake Mycoskie, and Kendra Scott.
Harrington Does Business Coaching Using His Social Media
In 2021, Harrington posts some useful financial advice on his personal Instagram page.
On March 31, the Original Shark also gave out the names of the top 5 finance books, as he sees it. The list is quite familiar to everyone who interests in business and it includes such titles as “Rich Dad Poor Dad”, “The Millionaire Next Door”, and “Secrets of the Millionaire Mind”, etc.
Is Kevin Harrington a billionaire?
No, Kevin Harrington is an American inventor and television personality. He’s not a billionaire.
Actually, a 2021 lawsuit has been filed against two members of the Shark Tank cast. Kevin O’Leary along with another “shark” Kevin Harrington has been accused of running a fraud that victimized hopeful entrepreneurs out of their money.
As the New York Post claims, 20 people were served with a suit by the two TV personalities, alleging that they were duped into the scheme using “fictional executives, phony promises of financial success, and even false dreams of being on Shark Tank itself”.
The plaintiffs in this lawsuit claim that they were misled into investing in either of the men’s two firms, InventureX or Ideazon. However, O’Leary and Harrington appeared to fall short in keeping their promise of assisting these entrepreneurs as soon as they received the money.
The Harrington and O’Leary fall-out has continued, with more allegations being made against the pair. Entertainment Tonight recently reported on how these people believe they have lost hundreds of thousands of dollars as a result of the con, and are asking for Harrington and O’Leary to compensate their losses in money, financial loss, emotional suffering, and legal fees.
TMZ claims that O’Leary is denying any culpability in the scam.
According to the complaint, Harrington was connected with a promotional video for InventureX but denied any connection with the firm beyond that.
“It has come to our attention that Kevin Harrington has been the subject of various false allegations in connection with a pending lawsuit,” Harrington’s attorney said. “Kevin has always supported entrepreneurs throughout the world. He had no business relationship or contract with any of the plaintiffs. This should be handled by the Plaintiffs and InventureX. Simply put, Kevin produced a video for this firm”.
In a statement, the show’s producers also denied any wrongdoing in the Shark Tank fraud lawsuit. Harrington’s attorney claimed he “never owned any piece” of InventureX and “did not play an executive role” within the firm, and that he will take legal action against his own.
“Kevin is concerned about the allegations and has been taken advantage of as a businessman,” he added. “Kevin intends to pursue each and every individual accountable for their actions, and he will fight these claims vigorously in court”.
How did Kevin Harrington get rich?
Kevin Harrington got rich by being an entrepreneur. When he was younger, he managed to start a business with just $100 and turned it into over $200 million in annual sales. He is now known as the “Father of infomercials” and has had multiple best-selling books on marketing strategies.
What does Kevin Harrington own?
Kevin Harrington is a successful businessman and investor. He has made his fortune on television, online marketing, and real estate. His ventures include the infomercials industry with creations such as “As Seen On TV” products like Shake Weight and Snuggie Blanket which proved to be very lucrative for him. In addition, he spent time in commercial fishing before becoming an entrepreneur himself. Kevin then moved into investing by founding The Company Of Millionaires Club that teaches people how to invest their money successfully just like him!
What does Kevin Harrington do for a living?
For those curious as to what Harrington is doing now that he’s left Shark Tank, he has been actively posting the stories about his business experiences, different success examples and mantras, and mindset coaching with others during personal sessions.