Butter Cloth, Men’s clothing, was started by Danh Tran and Gary Falkenburg in 2016. As of August 2023, Butter Cloth net worth is $5 Million and they’re pulling in a whopping Over $5 Million in annual revenue.
In October 2018, they appeared on Season 10 of Shark Tank USA and made a deal with Robert Herjavec, for $250,000 for 25% equity. The final valuation was $1 Million, down from the founder’s initial estimate of $2.5 Million.
In August 2023, Butter cloth is still in business. You can purchase their products from their company website and other e – commerce channels.
Butter Cloth Net Worth
| Net worth | $5 Million |
| Annual Sales Revenue | Over $5 Million |
| Profits | Not available |
| Lifetime Sales | Not available |
| Shark Tank Investor | Robert Herjavec |
| Founders | Danh Tran and Gary Falkenburg |
| Employees | About 13 employees |
Butter Cloth Net Worth Timeline
| Net Worth 2023 | $5 Million |
| Net Worth 2022 | $5 Million |
| Net Worth 2021 | $4 Million |
| Net Worth 2020 | $3 Million |
| Net worth valuation 2018 after appearing on Shark Tank | $1 Million |
| Net worth valuation 2018 before appearing on Shark Tank | $2.5 Million |
Butter Cloth Pitch on Shark Tank
| Company name | Butter Cloth |
| Product | Mens clothing |
| Episode | Season 10 Episode 04 |
| Founders | Danh Tran and Gary Falkenburg |
| Asked for | $250,000 for 10% equity |
| Final deal | $250,000 for 25% equity |
| Shark | Robert Herjavec |
| Location | West Fairway Carson, CA 90746, United States. |
Butter Cloth Founders
Butter Cloth was founded by Danh Tran and Gary Falkenburg in 2018. Danh Tran, was a fashion designer. Tran found that most dress shirts were uncomfortable and stiff. He wanted to create a dress shirt. It would both comfortable and stylish, and he also wanted to use sustainable materials. After all of those ideas he found butter cloth. Butter Cloth’s founders, Danh Tran and Gary Falkenburg, have a net worth of 6 Million USD as of 2023.
Key accomplishments:
| Year | Accomplishment |
| 2018 | Appeared on Shark Tank season 10 episode 04. |
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 Butter Cloth and its continued success.
