Better Life Net Worth 2023 Update (Before & After Shark Tank)

Better-Life

Better Life is a all-natural multipurpose cleaning products brand. This was started by Tim Barklage and Kevin Tibbs in 2008. As of October 2023, Better Life net worth is $5 million. They’re pulling in a whopping $5 million in annual revenue. 

In November 2013, they appeared on Season 5 of Shark Tank USA and made a deal with Lori Greiner, for $400,000 for 17% of equity. The final valuation was $2.35 million, down from the founder’s initial estimate of $5.7 million. 

As of October 2023, Better Life is actively running the business. Better Life offers you an array of non-toxic products ranging from bath and kitchen to all-purpose cleaning products. Better Life was acquired by Bissell in 2018, and the business continues under the acquired company. You can purchase these products via the company website. Better Life products are also available at Amazon, Target, and other selected stores.

Better Life Net Worth

Net worth$5 million (2023)
Annual Sales Revenue$5 million (2023)
Profits
Lifetime sales
InvestorLori Greiner
FoundersTim Barklage and Kevin Tibbs
Employees10 – 50

Better Life Net Worth Timeline

Net Worth 2023$5 million
Net Worth 2022$5 million 
Net Worth 2021
Net Worth 2020
Net worth valuation in 2013 after appearing on Shark Tank  $2.35 million
Net worth valuationin 2013 before appearing on Shark Tank  $5.7 million

Better Life Pitch on Shark Tank

Company nameBetter Life
ProductAll-natural multipurpose cleaning products
EpisodeSeason 05 Episode 07
FoundersTim Barklage and Kevin Tibbs
Asked for$400,000 for 7% equity
Final deal$400,000 for 17% equity
SharkLori Greiner
LocationSt. Louis, Missouri

Don’t miss these products from Season 5

Better Life Founders

Tim Barklage and Kevin Tibbs founded Better Life in 2008. Tim and Kevin are lifelong friends and business partners. Tim comes from a professional business background, and Kevin initially worked for the skin and haircare products industry. Two friends came across the idea of Better Life to prevent the harm of chemical and toxin-based cleaning products. Their skills helped them to pull off a successful business. Better Life’s founders, Tim Barklage and Kevin Tibbs, have a net worth of 4 Million USD as of 2023.

Key accomplishments

YearAccomplishment
2013The company got featured on Shark Tank season 5 and secured a deal 
2018Bissell, Inc. acquired the company in 2018

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 Better Life and its continued success.