Cabinet Health, founded by Achal Patel and Russel Gong in 2018, offers sustainable, refillable medicine containers to reduce plastic waste.
In January 2023, they secured a $500,000 investment from Kevin O’Leary and Tony Xu on Shark Tank, exchanging 7% equity and a 2% royalty until the investment is recouped.
By May 2023, their products were available in approximately 700 CVS stores nationwide. As of 2025, Cabinet Health has an estimated net worth of $50 million, with annual revenue of around $45 million.
Cabinet Health Net Worth
| Net worth | $50 million (2025) |
| Annual Sales Revenue | $45 million (2025) |
| Profits | Not available |
| Lifetime sales | Not available |
| Investors | Tony Xu and Kevin O’Leary |
| Founders | Achal Patel and Russ Gong |
| Employees | 1-25 employees |
Cabinet Health Pitch on Shark Tank
| Company name | Cabinet Health |
| Product | Sustainable healthcare plastic free packaging |
| Episode | Season 14 Episode 11 |
| Founders | Achal Patel and Russ Gong |
| Asked for | $500,000 for 2.5% equity |
| Final deal | $500,000 for 7% equity + 2% Royalty |
| Sharks | Tony Xu and Kevin O’Leary |
| Location | New York City, USA |
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Cabinet Health Founders
Achal Patel and Russ Gong founded Cabinet Health in 2018. Russell Gong, the co-founder and president of Cabinet Health Company, has a wealth of experience in various roles. He’s also been an Infantry Officer in the US Army for 8 years. Mr. Patel, who studied at the University of Virginia and held multiple positions at Deloitte, is another co-founder of Cabinet Health and serves as the CEO. Cabinet Health’s founders, Achal Patel and Russ Gong, have a net worth of 50 million USD as of 2025.
Key accomplishments
| Year | Accomplishment |
| 2023 | The company appeared on Shark Tank Season 14 and got the deal from Tony Xu and Kevin O’Leary. |
| 2022 | In December 2022, they secured $17 million in both debt and equity funding. This financial boost was intended to support their growth in the prescription and retail sectors. The announcement came shortly before their initial air date and increased their total venture funding to $23.6 million |
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 Cabinet Health and its continued success.