As of the beginning of 2024, 54 Throne’s net worth is $ 3.25 million. Also, the company has approximately $ 1.3 million in annual revenue. In October 2021, 54 Thrones appeared on Shark Tank Season 13, episode 04 of Shark Tank USA, and they made a deal with Nirav Tolia and Kevin O’Leary for $ 250,000 for a 17.5% equity. So, Nirav Tolia and Kevin O’Leary have made over $ 568 000 through 54 Thrones. Also, the company will still be in business in January 2024. Let’s find out how it has reached this success over the years.
54 Thrones Net Worth 2024
| Net worth | $3.25 million (2023) |
| Annual Sales Revenue | $1.3 million (2023) |
| Profits | – |
| Lifetime sales | – |
| Investor | Nirav Tolia and Kevin O’Leary |
| Founder | Christina Tegbe |
| Employees | 2-10 |
With only $8000 investment in marketing, 54 Thrones had $0.5 million in sales when it appeared on the show. Also, it was expected to have $1 million in upcoming years.
Consequently, the company is worth $3.25 million this year.
54 Thrones Sales And Revenue
The 54 Thrones earned $ 500,000 when it appeared on the show. Also, the company is expected to have $1 million in upcoming years. So, their sales were slightly over $1 million by the end of 2021. Also, it has $1.3 million by 2023.
with the company’s expansion and popularity, its net worth is $3.25 million.
Net Worth Timeline
| Net Worth 2024 | $4 million |
| Net Worth 2023 | $4 million |
| Net Worth 2022 | $1 million |
| Net worth valuation in 2021 after appearing on Shark Tank | $1.42 million |
| Net worth valuation in 2021 before appearing on Shark Tank | $2.5 million |
How Much Did Nirav Tolia and Kevin O’Leary Make From 54 Thrones?
Nirav Tolia and Kevin O’Leary invested $ 250,000 for 17.5% of company shares. The exact earnings of the sharks from the company have not yet been disclosed.However, the sharks should have earned over $ 568 000 through 54 Thrones
Competitors of 54 Thrones
As an emerging cosmetic brand inherited from African beauty treatments, 54 Thrones has several competitors in the botanical skincare treatments industry—namely Epara, Luv Scrub, Base Butter, and Shea Body Butter of Hanahana Beauty.
Don’t miss these products from Season 13
54 Thrones Shark Tank Update
| Company name | 54 Thrones |
| Product | An authentic African ingredients-based skin care products line |
| Episode | Season 13 Episode 04 |
| Founder | Christina Tegbe |
| Asked For | $250,000 for 10% equity |
| Final Deal | $250,000 for 10% equity |
| Sharks | Nirav Tolia and Kevin O’Leary |
| Location | Houston, Texas |
After a Shark Tank episode, many women were interested in this product. So, the company’s site got over 100,000 visitors a month after the show.
This product was on the Today Show in January 2022. By 2022, it was in 11 CredoBeauty stores in the US. By December 2022, it was in 37+ US stores and only sold on their website in the US. In November 2022, Christina shared on LinkedIn about talking about her business on QVC.
Hence, Shark Tank was a massive boom for 54 Thrones. It helps Christina to achieve her goal for this year, “One Million Profit,” in a short period.
54 Thrones is now on ‘Oprah’s Favorite Things list and has been featured by leading publishers and online marketers such as Forbes, Elle, and Vogue. Also, It was accepted into the Sephora Accelerated program in 2022.
All these publications have converged a high level of organic sales for all the botanical skincare products of 54 Thrones.
They are going well in the commercial skincare industry. Check out Amazon, Nordstrom, Sephora, the fantastic 54 Thrones African beauty butter, and all other products. You can also buy all 54 Throne products directly from their online store.
What Is 54 Thrones?
Are you seeking a botanical product to secure the moisture of your skin?
54 Thrones is a skincare line inspired by the grace of African beauty secrets. They have collaborated with African cooperatives to develop this super cool botanical moisturizer that secures moisture in human skin.
54 stands for the number of African countries in the continent and the company promotes “Trade not Aid”. The company’s crown jewel, 54 Throne’s African beauty butter, is an award-winning product anyone can use from hair to toe. All their products have universal use.
54 Thrones Founder
Christina Funke Tegbe is the empowered woman entrepreneur behind the iconic name of 54 Thrones. She is a well-educated young lady with two master’s, an MBA, and another master’s in health care administration.
She worked as a consultant and then quit to learn more about her native Nigerian heritage, culture, and history. After that, she tagged with the hard-working women making Shea Butter and learned more about African beauty secrets. After all, she had started her brand, 54 Thrones
FAQ
Yes 54 Thrones is still in business in February 2024
Nirav Tolia and Kevin O’Leary invested in 54 Thrones
The company had $1.3 million in revenue by the end of 2023
The 54 Thrones Worth $3.25 million at the beginning of 2024
According to the calculations based on their share value, they should have earned over $ 568,000.
