On this episode of This Is Paris, Paris Hilton and her co-host Hunter sit down with Shark Tank’s Barbara Corcoran to interview her as only Paris can. They talk about what attracts Barbara to deals, what her childhood was like, her favorite deal she’s ever made, and what drives her – but also Barbara’s worst date ever (“I’ll never look at a Pontiac the same way again,” Paris declares), what she would bring to a desert island, the difficulty of raising privileged kids to be well-rounded people, and they even play Kiss/Marry/Kill using her three male Shark Tank co-hosts as candidates. Plus, can Paris be a guest Shark someday? Probably!
Barbara says she doesn’t usually go for deals where they have a lot of sales or are asking for a lot of money, because “I’m never quite sure what I’m going to do to make it better for them.” The most important thing, for her, is to choose good people: “If I pick great people, I always make money.” She got her own start in real estate with a $1,000 loan from her boyfriend; they started a firm together and it “went great for seven years, until he left me and married my secretary!” That’s when she sold that business and started the Corcoran Group. She knew she wasn’t as big as other businesses around her in New York City, so she built a brand around publishing real estate statistics and becoming an expert in the field; whenever big media outlets like the Wall Street Journal talked about real estate, they quoted her, so “I had to kind of run to catch up to the image I had created,” she laughs.
She tells them her impressions of her fellow Sharks and some of the wildest businesses they’ve been pitched (weight-loss lipstick, a tower that turns seawater into gold, and a guy who wanted to install cell phones into people’s brains are just a few), recalls an embarrassing encounter with Mel Gibson, says Paris is her celebrity crush, and talks about her favorite investment, the Comfy brothers. They had made their oversized hoodie/blanket by hand, had no idea how much it would cost to make per unit, had no idea who they’d sell to – ”they knew nothing about business!” she says. “But they were fun….you could tell they were having the time of their lives.” Now they have $250 million in sales and whole new lives; “It’s such a joy to be a part of that. It’s a privilege in every way,” Barbara says. Hear the whole refreshingly candid interview on this episode of This Is Paris.
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