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Bombas Net Worth 2023 Update (Before & After Shark Tank)

Shark-Tank-US-Net-Worth-2023-UpdateBombas

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)
InvestorDaymond John
FoundersRandy Goldberg and David Heath
Employees50-200

Bombas Net Worth Timeline

Net Worth 2023$100 million
Net Worth 2022$100 million
Net Worth 2021Over $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 nameBombas
ProductUniquely engineered funky stylish socks
EpisodeSeason 06 Episode 01
Founders Randy Goldberg and David Heath
Asked for$200,000 for 5% equity
Final deal$200,000 for 17.5% equity
SharkDaymond John
LocationNew 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

YearAccomplishment
2014Bombas appeared on Shark Tank and secured a deal 
2021Bombas CEO won the Femmy 2022: Humanitarian Award
2014-2023Bombas 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.

What do you think?

Written by GAG Team

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