Biaggi Net Worth 2024 Update (Before & After Shark Tank)

Biaggi Net Worth Update (Before & After Shark Tank)

Biaggi, the innovative foldable luggage company, has grown significantly since its appearance on season 6 of Shark Tank USA in 2014. 

The company could secure an investment of $500,000 for 33% equity with Lori Greiner. Partnering with Lori, Biaggi overcame initial financial struggles and achieved $5 million in revenue by 2021.

The company continues to expand its product line, including new luggage designs and travel accessories.  The company also continues a direct-to-consumer model that enhances customer engagement and brand control.

 As of 2024, Biaggi remains operational and successful in the competitive travel market.

Biaggi Net Worth

Net worth$5 million (2021)
Annual Sales Revenue$5 million (2021)
ProfitsNot available 
Lifetime salesNot available 
InvestorLori Greiner
Investment$500,000 for 33% equity
FounderStephen Hersh
Employees11-50

Biaggi Net Worth Timeline

Net worth in 2024Not available 
Net worth valuation in 2014 after appearing on Shark Tank  $1.5 million
Net worth valuation in 2014 before appearing on Shark Tank  $1.6 million 

Biaggi Pitch on Shark Tank

ProductFoldable luggage
EpisodeSeason 6 Episode 11
Company nameBiaggi
Founder Stephen Hersh
Asked for$500,000 for 30% equity
Final deal$500,000 for 33% equity
Shark Lori Greiner
LocationNew York

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Biaggi Founder

Stephen Hersh founded Biaggi in 2011. Stephan is a graduate of Brooklyn College with a degree in Business. Before starting Biaggi Stephen was the president of Longview Equities LLC. Biaggi’s founder Stephan Hersh has a net worth above $5 million as of 2024.

Key accomplishments

YearAccomplishment
2014The company was featured in Shark Tank and secured a deal. 
2024The Shorty Awards Winner.
World Social Media Awards nominee. 

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 Biaggi and its continued success.

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