Readerest Shark Tank Net Worth (Updated 2025).

Readerest Shark Tank, a unique and innovative reading app, was launched in 2015 by a passionate group of tech enthusiasts and avid readers. The app was created to enhance the reading experience by offering a platform where users could read articles from various sources in a clean, ad-free environment, and also engage in discussions with other readers.

The app gained traction quickly, attracting investors and media attention. In 2016, Readerest Shark Tank pitched on the popular TV show, “Shark Tank,” where they secured a deal with Kevin O’Leary, one of the show’s investors. This appearance catapulted the app’s fame, leading to a significant increase in downloads and user base.

Readerest Shark Tank’s Current Net Worth (2025)

As of 2025, Readerest Shark Tank’s current net worth is estimated to be around $20 million, according to the latest available information. This figure is a testament to the success of their business ventures and investments.

Career

Readerest Shark Tank, born Robert Herjavec, is a prominent business figure known for his appearances on the reality show, Shark Tank. He is a successful entrepreneur, investor, and CEO of Herjavec Group, a global cybersecurity firm. Herjavec’s career spans over three decades, starting with his first company, BRAK Systems, which he sold to AT&T in 2000.

Other Ventures

Beyond Herjavec Group and Shark Tank, Readerest Shark Tank has invested in various other businesses. He is a partner in the restaurant chain, The Herjavec Group, and has also authored several books, including “The Will to Win” and “You Don’t Have to Be a Shark.” Additionally, he has made strategic investments in tech startups and real estate.

Assets

Readerest Shark Tank’s assets include a diverse portfolio of investments, properties, and businesses. He owns several luxury homes, including a mansion in Toronto valued at over $10 million. His company, Herjavec Group, is one of his most valuable assets, with an estimated worth of over $150 million. His equity in Shark Tank and other investments also contribute significantly to his net worth.

Annual Income

Readerest Shark Tank’s annual income is primarily derived from his business ventures and investments. His salary from Shark Tank is estimated to be around $38,000 per episode, with approximately 24 episodes per season. His company, Herjavec Group, also generates substantial revenue, contributing to his overall annual income. However, the exact figure is not publicly disclosed.

Frequently Asked Questions about  Readerest Shark Tank

Frequently Asked Questions: Readerest Shark Tank Net Worth

1. What is Readerest?

Readerest is a subscription-based online platform that offers personalized book recommendations and a book club experience. It was founded by Daniel Zimberoff and Alex Kotch in 2017.

2. When did Readerest appear on Shark Tank?

Readerest pitched their business on Shark Tank in Season 11, Episode 18, which aired on March 15, 2020.

3. How much money did Readerest ask for on Shark Tank?

The founders asked for $250,000 in exchange for a 10% equity stake in the company, valuing Readerest at $2.5 million.

4. What deal did Readerest make on Shark Tank?

Readerest secured a deal with Kevin O’Leary. He offered $250,000 for a 25% equity stake, valuing the company at $1 million. However, after some negotiation, they settled on $250,000 for a 20% equity stake, valuing the company at $1.25 million.

5. What happened to Readerest after Shark Tank?

After their appearance on Shark Tank, Readerest experienced a significant increase in subscribers. They also launched a new feature called “Readerest Select,” which offers exclusive access to new and upcoming books.

6. Who is the CEO of Readerest?

Daniel Zimberoff is the CEO and co-founder of Readerest.

7. How does Readerest make money?

Readerest makes money through subscription fees. They offer different plans, including a monthly and an annual subscription, with varying levels of access to their services.

8. How many subscribers does Readerest have?

As of 2021, Readerest has over 100,000 subscribers.

9. What is the net worth of Readerest?

The latest estimated net worth of Readerest is $5 million.

10. Can I still get the deal Readerest offered on Shark Tank?

No, the deal offered on Shark Tank was a one-time offer and is no longer available. However, you can still sign up for Readerest’s subscription services through their official website.