Beard King Net Worth 2023 Update (Before & After Shark Tank)

Shark-Tank-US-Net-worth-UpdateBeard-King

Beard King is an apron for catching beard trimmings. This was started by Nicholas Galekovic in 2015. As of November 2023, Beard King’s net worth is $7 million. They’re pulling in a whopping $1 million in annual revenue. 

In January 2016, they appeared on Season 07 of Shark Tank USA and made a deal with Lori Greiner for $100,000  for 45% of equity. The final valuation was $222,222, down from the founder’s initial estimate of $500,000.

Despite securing a deal with Lori, it did not finalize after the show. Nevertheless, Beard King thrived as a successful business since its appearance on the Shark Tank. Beard King was acquired by Raj Patel in 2019. As of November 2023, Beard King is still active in business. The company does not have a functioning website at the moment. However, you can purchase the product via Amazon, Walmart, and selected stores.

Beard King Net Worth

Net worth$7 million (2023)
Annual Sales Revenue$1 million (2022)
Profits
Lifetime sales$80,000 (2016)
Investor
FounderNicholas Galekovic
Employees<25

Beard King Net Worth Timeline

Net Worth 2023$7 million
Net Worth 2022$7 million
Net worth valuation in 2016 after appearing on Shark Tank  $222,222
Net worth valuation in 2016 before appearing on Shark Tank  $500,000 

Beard King Pitch on Shark Tank

Company nameBeard King
ProductAn apron for catching beard trimmings
EpisodeSeason 07 Episode 14
Founder Nicholas Galekovic
Asked for$100,000 for 20% equity
Final deal$100,000 for 45% equity
SharkLori Greiner
LocationDeerfield Beach, Florida

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Beard King Founder

Beard King was founded by Nicholas Galekovic in 2015. Nicholas is an entrepreneur and a business consultant. Besides Beard King, Nicholas has other companies of his own. Currently, he serves as the CEO of BOXR. Beard King’s founder, Nicholas Galekovic’s net worth is unknown as of 2023.

Key accomplishments

YearAccomplishment
2016Beard King got featured on Shark Tank and secured a deal

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 Beard King and its continued success.