Richard Elden founded DBest Products in 1998 to design practical and collapsible carts and trolleys for everyday use. In 2017, he appeared on Shark Tank and secured a handshake deal with Lori Greiner and Mark Cuban for $350,000 and a $2 million line of credit for 20% equity.
However, the deal never closed. Despite this, DBest Products grew significantly, expanding its product range and establishing multiple warehouses.
By 2025, the company earned annual revenues of $15–$20 million, with its products available at major retailers like Walmart, Home Depot, and Amazon. DBest Products remains a leader in ergonomic cart solutions.
DBest Products Net Worth
| Net worth | $20 million (2025) |
| Annual Sales Revenue | $15–$20 million |
| Investor | Mark Cuban and Lori Greiner |
| Founder | Richard Elden |
| Employees | <25 |
DBest Products Pitch on Shark Tank
| Company name | DBest Products |
| Product | A company manufacturing ergonomic, lightweight, and collapsible carts and trolleys |
| Episode | Season 08 Episode 14 |
| Founder | Richard Elden |
| Asked for | $350,000 for 5% equity |
| Final deal | $350,000 for 20% equity and $2 million line of credit |
| Sharks | Mark Cuban and Lori Greiner |
| Location | Carson, California |
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DBest Products Founder
DBest Products was founded by Richard Elden in 1998. Richard graduated from University of Southern California with a Bachelor of Science in Communications degree.
Then did his Master’s degree at Pepperdine University majoring in Business Administration.
With his education background and entrepreneurial skills Richard started a successful business of his own. He is popular in business as the “Cart Guy”. DBest Products’s founder Richard Elden has a net worth of 20 Million USD as of 2025.
Key accomplishments
| Year | Accomplishment |
| 2017 | DBest Products got featured on Shark Tank and managed to secure a deal |
| 2023 | Currently DBest Products are available in 30 countries |
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 DBest Products and its continued success.