Barbara Corcoran cemented her name in the real estate world as the founder of The Corcoran Group, New York’s largest real estate company. On ABC’s Shark Tank, which began its ninth season earlier this month, she’s the resident real estate guru. With her vast experience selling properties, Corcoran admits that the Hispanic market is one of her favorites to follow.
“Over the last 20 years, I have followed the Hispanic population into areas around Manhattan and I’ve also invested early because what they bring is a great sense of community which I can’t say about every group that moves into the New York area,” she tells People Chica, referencing the growing rate of home ownership among Hispanics. “They have a great sense of family and community and that’s the beginning of an up-and-coming area. So I’ve always bought early following that lead and it’s done very well for me. I still own all those properties. I would never sell them.”
Corcoran, who recently partnered with T.J.Maxx for their Maxx You Project Lab, an initiative to help women discover and cultivate their individuality, said minorities own a robust share of new businesses. “If you’re first generation immigrant, be aware that 60% of all the businesses in America are started by first-generation immigrants,” she said, encouraging new arrivals to the United States to pursue their entrepreneurial dreams. “Everybody thinks the old boy’s network has the handle on it, sure they do, but in Silicon Valley. But the fact of the matter is, look at every new business in America, the great majority of them is [run by] new immigrants to this country.”
The Shark Tank star doesn’t believe anything should hold anyone back from succeeding. During last week’s episode, she sealed the deal with Fidgetland, a company that sells stress-reducing products to help people with Attention Deficit Disorder Hyperactivity (ADHD), Autism and more. The investor, who recently revealed her battle with dyslexia, and the brand’s founder Jason Burns, who revealed his struggle with Attention Deficient Disorder (ADD) on the show, were mutually inspired by one another. “I’m always looking for somebody with a learning disability,” she said. “They have passion and something to prove. That’s what I like about any kind of disability. If I have someone who’s fear is losing or fears embarrassment, they’re going to work twice as hard not to get embarrassed.”
Corcoran, who was the first to be voted off this season’s Dancing With The Stars, admitted to PEOPLE Chica that she’s rooting for Nikki Bella to win. “She’s got the guts to do it,” she said.
Catch the real estate expert Shark Tank at 9 p.m. EST on ABC. To learn more about her partnership with T.J. Maxx, visit MaxxYouProject.com.