Australian Businesswoman Naomi Simson Net Worth and Income Sources

The following is a breakdown of Australian Businessperson Naomi Simson’s net worth and primary income sources.

Naomi Simson is an Australian Businessperson and entrepreneur known for founding her two successful companies, The Red Balloon & Big Red Group, and her time on the hit Australian television show Shark Tank Australia.

She has authored two books, is an active keynote speaker, hosts a successful podcast, and has contributed to many uber-successful business blogs. Hence, as a consequence, she has, over time, amassed a spectacular net worth for herself, which is why people are curious to know about it.

According to reputable online sources, Naomi Simson net worth is around $40 million.

So how did Naomi Simson build up a massive fortune for herself? Let’s examine this Australian Businessperson’s estimated net worth and income.

Naomi Simson Net Worth: $40 million

Naomi Simson Income Sources

Naomi Simson’s income sources are summarized below:

• CEO Salary from The Red Balloon ($1.5 million x 21= $31.5 million)
• CEO Salary from Big Red Group ($1.5 million x 5= $7.5 million)
• Shark Tank Salary ($50K x 54= $2.7 million)
• Salary from Saxton Speakers Bureau Keynote Speaking ($20-30,000 per gig)

Income Source 1: CEO Salary from The Red Balloon

Naomi founded her first company, The Red Balloon, in 2001. She started the company from a humble beginning with a personal investment of $25,000, and today the company’s annual revenue has crossed $25 million [1].

According to credible research [2], a modern CEO currently earns $2 million yearly for that company size. However, her 21-year journey has had many ups and downs. 

We have estimated her income at the rate of 1.5 million per year, which brings it to a grand total of $31.5 million till now from this income source alone. Therefore it is safe to say that this is the most significant contributor to her net worth.

Income Source 2: CEO Salary from Big Red Group

The second-biggest source of income for Naomi is her CEO salary from her other company, The Big Red Group. This company she founded with her business partner Dave Anderson in 2017, has an annual revenue of over $70 million a year [3].

Thus, keeping the same calculation mentioned in the research above, we have estimated that in her five years as this company’s CEO, she has earned $7.5 million. Not bad for a side gig!

Income Source 3: Shark Tank Salary

Although her businesses have brought Naomi the riches, she enjoys today. Yet, it wouldn’t be wrong to state that television is the medium that has played a part in making her a national star.

Hence, her third most significant income source is her per episode salary on her hit tv show Shark Tank. Which, according to variety, wasn’t a waste of time as she and the other sharks were paid $50,000 per episode [4]. If we compile her 54-episode stint, it brings it up to $2.7 million.

Income Source 4: Salary from Keynote Speaking

Naomi Simson is one of the biggest entrepreneurship success stories in Australia. This is why to share business knowledge she has accumulated over the years; she is a regular on the keynote speaking circuit. 

She is represented by Saxton Speakers Bureau [5] and can charge as much as $20-30,000 per session [6].  However, as of this writing, we have not come across reliable sources to calculate her entire earnings from this income source.

Naomi Simson Bio/Early Life

Naomi Simson was born on February 22, 1964, in Sydney, New South Wales, Australia. She attended the University of Melbourne and graduated in 1984 with a B.Comm degree covering her expertise in the corporate marketing field.

Naomi had an entrepreneurship mindset and wanted to own her business from a very young age. Hence, when other girls idolized dolls, she was interested in understanding the world of entrepreneurship.

In her personal life, Naomi was married to Peter Simson and had two children with him. However, sadly her first marriage ended in divorce, and later she married former Victorian police officer turned businessman Stuart king. She currently resides in Sydney, New South Wales, Australia.

Career

Naomi Simson started her career in 1984, and her first big job was as a marketing manager for Ansett Australia. Following that, Naomi worked in the corporate world at various top-tier Australasia’s leading businesses like Apple computer Australia, KPMG, IBM, and Bright Marketing.

After working at various top-tier places, Naomi Simson began her entrepreneurial journey when she founded her first company, The Red Balloon. This company focuses on being the best online experience gift retailer.

Following that, Naomi also founded her second company with business partner David Anderson in 2017. After testing her business knowledge in the corporate world, Naomi was finally introduced to the Australian television audiences in 2014 when she signed up to be a shark on the Australian version of Shark Tank.

Since then, Naomi has established herself in a booming media career as she has appeared on other television shows like Secret Millionaire Australia. She has contributed to business articles for Business Insider, and Australian financial review.

Naomi Simson Accomplishments

Naomi Simson has notched various accomplishments to her name, with her lifetime achievement silver Stevie award and being crowned entrepreneur of the year being her most significant achievements [7]

Naomi Simson Controversy/Criticism

Naomi Simson’s career was embedded in a minor controversy when she was scolded by a contestant on her show Shark Tank Australia [8].

Naomi Simson Biography

Frequently Asked Questions About Naomi Simson

Who is Naomi Simson Dating?

Entrepreneur Naomi Simson was dating Stuart king and is now married to him.

What is Naomi Simson height?

Naomi Simson is 5 feet 10 inches or 178cm tall.

What is Naomi Simson’s keynote speaking niche?

Naomi Simpson is a business and entrepreneur category motivational speaker.

References

[1]. The Red Balloon Revenue

[2]. CEO Salary Research

[3]. Big Red Group Revenue

[4]. Shark Tank Salary

[5]. Keynote Representation

[6] Keynote Salary

[7] Accomplishment

[8] Controversy