ReadeREST, a magnetic clip for holding eyeglasses, was started by Rick Hopper in 2010. As of October 2023, ReadeREST net worth is $5 million and they’re pulling in a whopping $1 million in annual revenue.
In February 2012, they appeared on season 3 of Shark Tank USA and made a deal with Lori Greiner, for $150,000 for 65% of equity. The final valuation was $230,769, down from the founder’s initial estimate of $1 million.
ReadeREST is still in business in 2023. The company has a website and an active social media presence. It also has products available for purchase on Amazon and other online retailers.
ReadeREST Net Worth
| Net worth | $5 million (2023) |
| Annual Sales Revenue | $1 million (2023) |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investor | Lori Greiner |
| Founder | Rick Hopper |
| Employees | 10 employees |
ReadeREST Net Worth Timeline
| Net Worth 2023 | $5 million |
| Net Worth 2022 | $5 million |
| Net worth valuation 2012 after appearing on Shark Tank | $230,769 |
| Net worth valuation 2012 before appearing on Shark Tank | $1 million |
ReadeREST Pitch on Shark Tank
| Company name | ReadeREST |
| Product | Magnetic clip for holding eyeglasses |
| Episode | Season 03 Episode 06 |
| Founder | Rick Hopper |
| Asked for | $150,000 for 15% Equity |
| Final deal | $150,000 for 65% Equity |
| Shark | Lori Greiner |
| Location | Argyle, Texas |
Don’t miss these product from Season 03
ReadeREST Founder
ReadeREST was founded by Rick Hopper in 2010. Hopper is an inventor and entrepreneur who has always been looking for ways to improve people’s lives. He came up with the idea for ReadeREST after he started wearing glasses. And found himself constantly losing them or having trouble keeping them in place. ReadeREST’s founder, Rick Hopper, has a net worth of $1.75 million as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2012 | Appeared on Shark Tank season 03 and Lori Greiner invested $150,000 for 65% Equity |
| 2016 | ReadeREST launches its international shipping program. |
| 2018 | ReadeREST launches its new line of prescription eyeglass holders. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for ReadeREST and its continued success.
