Bombas is a uniquely engineered funky stylish socks business. This was started by Randy Goldberg and David Heath in 2013. As of October 2023, Bombas’s net worth is over $100 million. They’re pulling in a whopping $100 million in annual revenue.
In September 2014, they appeared on Season 6 of Shark Tank USA and made a deal with Daymond John, for $200,000 for 17.5% of equity. The final valuation was $1.14 million, down from the founder’s initial estimate of $4 million.
Bombas is one of the businesses that witnessed a massive success after its Shark Tank pitch. Bombas is a demanding socks brand available in several online and physical stores. The company has expanded its product line over the years, so now Bombas offers you socks, underwear as well and T-shirts. You can also purchase their products from the company website and Amazon.
Bombas Net Worth
| Net worth | $100 million (2023) |
| Annual Sales Revenue | $100 million (2023) |
| Profits | $19 million |
| Lifetime sales | $470 million (2023) |
| Investor | Daymond John |
| Founders | Randy Goldberg and David Heath |
| Employees | 50-200 |
Bombas Net Worth Timeline
| Net Worth 2023 | $100 million |
| Net Worth 2022 | $100 million |
| Net Worth 2021 | Over $50 million |
| Net Worth 2020 | – |
| Net worth valuation in 2014 after appearing on Shark Tank | $1.14 million |
| Net worth valuation in 2014 before appearing on Shark Tank | $4 million |
Bombas Pitch on Shark Tank
| Company name | Bombas |
| Product | Uniquely engineered funky stylish socks |
| Episode | Season 06 Episode 01 |
| Founders | Randy Goldberg and David Heath |
| Asked for | $200,000 for 5% equity |
| Final deal | $200,000 for 17.5% equity |
| Shark | Daymond John |
| Location | New York |
Don’t miss these product from Season 6
Bombas Founders
Bombas was founded by Randy Goldberg and David Heath in 2014. David graduated from Babson College with a bachelor’s degree in Business Administration and Management. He started his career in the digital marketing sector. Randy is an English major who graduated from the University of Michigan. Also, he has experience working in the management and communications industries. Thanks to their exceptional entrepreneurial skills and dedication, Randy and David could build a successful business. Bombas’s founders, Randy Goldberg and David Heath, have a net worth of 5 Million USD as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2014 | Bombas appeared on Shark Tank and secured a deal |
| 2021 | Bombas CEO won the Femmy 2022: Humanitarian Award |
| 2014-2023 | Bombas is active in community work and, up to date, has donated over 100 million items to more than 3,500 community organizations |
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 Bombas and its continued success.
