The premium luxury polo shirt company, Baobab, was started by Marcellus Alexander III and Brandon Davenport in 2017. As of March 2024, Baobab’s net worth is $2 million. And they’re pulling in a whopping $1 million in revenue yearly to back it up. 

In October 2019, they appeared on Shark Tank USA seeking $150000 for 10% of equity, valuing the company at $1.5 million. There were several reasons to reject Baobab by sharks. They saw flaws in their company name, especially with Kevin O’Leary. Their high valuation was a problem for Daymond John. Finally, all the sharks dropped out of the company.

Baobab company is still in business. They have expanded their business significantly throughout these years. Now, you can purchase online if you are willing to buy their Polo T-shirts. For that, you have to visit their company website.

Baobab Net Worth

Net Worth$2 million (2024)
Annual Sales Revenue$1 million (2023)
Lifetime Sales
FounderMarcellus Alexander III and Brandon Davenport

Baobab Net Worth Timeline

Net Worth 2024$2 Million
Net Worth 2023$3 Million
Net Worth 2022$3 Million
Net worth valuation in 2019 after appearing on Shark Tank  
Net worth valuation in 2020 before appearing on Shark Tank  $1.5 Million

Baobab Pitch on Shark Tank

Company nameBaobab
Productpremium luxury polo shirt
EpisodeSeason 11 Episode 3
Founders Marcellus Alexander III and Brandon Davenport
Asked for$150,000 for 10% equity
Final dealNo Deal
Shark None
LocationNew York, New York City, United States

Don’t miss these product from Season 11

Baobab Founders

Marcellus Alexander III and Brandon Davenport found Baobab in 2016. Marcellus comes from a managerial background. He has worked in several companies, including Travelzoo, Hearst, and John Paul. Brandon Davenport, the other member, is a financial expert. He worked at the General Assembly to study finance at Morgan State University. Baobab’s founders, Marcellus Alexander III and Brandon Davenport, have a combined net worth $121K as of 2024.

Key accomplishments

2019-2020Increased the company growth rate of 800%
2021Successfully raised a total amount of $103,459 from 292 investors.
2022By having the advantage of pandemic, they produced face masks and by January 2022 they achieved the revenue of $1 million


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 Baobab and its continued success.

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