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Bug Bite Thing Net Worth 2023 Update (Before & After Shark Tank)

Bug-Bite-Thing-Shark-Tank-US-Net-worth-Update

Bug Bite Thing,a suction tool for relief after bug bites, was started by Ellen McAlister and Kelley Higney in 2016. As of September 2023, Bug Bite Thing net worth is $21 million. And they’re pulling in a whopping $21 million in annual revenue. 

In October 2019, they appeared on season 11 of Shark Tank USA. And made a deal with Lori Greiner, for $150,000 for 10% of equity. The final valuation was $1.5 million, same as the founder’s initial estimate of $1.5 million.

However, in September 2023, Bug Bite Thing still appeared in the business world. If you experience annoying bug bites often, then try their bug bite pain relieving tool. You can purchase them from their official website

Bug Bite Thing Net Worth

Net worth$21 million (2023)
Annual Sales Revenue$21 million (2022)
ProfitsNot publicly available
Lifetime salesNot publicly available
InvestorLori Greiner
FounderEllen McAlister and Kelley Higney
Employees11-50 employees

Bug Bite Thing Net Worth Timeline

Net Worth 2023$21 million
Net Worth 2022$21 million
Net worth valuation 2019 after appearing on Shark Tank  $1.5 million
Net worth valuation 2019 before appearing on Shark Tank  $1.5 million

Bug Bite Thing Pitch on Shark Tank

Company nameBug Bite Thing
ProductSuction tool for relief after bug bites
EpisodeSeason 11 Episode 04
Founders Ellen McAlister and Kelley Higney
Asked for$150,000 for 10% equity
Final deal$150,000 for 10% equity
SharkLori Greiner
LocationPort St Lucie, Florida, US

Bug Bite Thing Founders

Bug Bite Thing was founded by Ellen McAlister and Kelley Higney in 2016. Kelley Higney. Bug Bite Thing’s founders, Ellen McAlister and Kelley Higney , have a net worth of $16.2 million as of 2023.

Key accomplishments

YearAccomplishment
2019Appeared on Shark Tank season 11 and Lori Greiner invested $150,000 for 10% equity.
2020best-seller for insect bite relief on Amazon.
2022The company was awarded the Stevie Award for Female Entrepreneur of the Year by the Stevie Awards for Women in Business.

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 Bug Bite Thing and its continued success.

What do you think?

Written by GAG Team

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