Broccoli Wad Net Worth 2023 Update (Before & After Shark Tank)

"Broccoli Wad" Net Worth 2023 Update

Broccoli Wad is a rubber band for holding cash. This was started by Johnny Gennaro and Vincent Pastore in 2009. Broccoli Wad’s net worth was $125,000 in 2011, based on the Shark Tank deal.

In 2011, they appeared on Season 2 of Shark Tank USA and made a deal with Barbara Corcoran, $50,000 for 40% of equity.

Broccoli Wad gained much popularity after the Shark Tank pitch. However, the business eventually faced downfalls. Broccoli Wad ceased operations around 2017, and the product is no longer available in the market.

Broccoli Wad Net Worth

Net worth$125,000 (2011)
Annual Sales Revenue
Profits
Lifetime sales
InvestorBarbara Corcoran
FounderJohnny Gennaro and Vincent Pastore
Employees

Broccoli Wad Net Worth Timeline

Net Worth 2023Out of business 
Net Worth 2022Out of business 
Net Worth 2021Out of business
Net Worth 2020Out of business
Net worth valuation in 2011 after appearing on Shark Tank  $125,000
Net worth valuation in 2011 before appearing on Shark Tank  $250,000

Broccoli Wad Pitch on Shark Tank

Company nameBroccoli Wad
ProductA rubber band for holding cash
EpisodeSeason 02 Episode 04
FounderJohnny Gennaro and Vincent Pastore
Asked for$50,000 for 20% equity
Final deal$50,000 for 40% equity
Shark Barbara Corcoran
LocationLaredo, Texas

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Broccoli Wad Founder

Johnny Gennaro and Vincent Pastore founded Brocolli Wad in 2009. Johnny has professional experience in business development. Currently he is the CEO of Twinstars Productions LLC. his business partner Vincent is mostly known as an actor who has been part of award-winning TV series. Broccoli Wad’s founders Johnny Gennaro and Vincent Pastore’s net worth is unknown.

Key accomplishments

YearAccomplishment
2011 Broccoli Wade got featured on Shark Tank season 2 and secured a deal

Conclusion

Some companies that appear on the show have not achieved great success, and the Broccoli Wad was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However,  Broccoli Wad went out of business in 2017. And the product is no longer available in the market.