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 | – |
| Founder | Nicholas 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 name | Beard King |
| Product | An apron for catching beard trimmings |
| Episode | Season 07 Episode 14 |
| Founder | Nicholas Galekovic |
| Asked for | $100,000 for 20% equity |
| Final deal | $100,000 for 45% equity |
| Shark | Lori Greiner |
| Location | Deerfield Beach, Florida |
Don’t miss these products from Season 7
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
| Year | Accomplishment |
| 2016 | Beard 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.
