DBest Products is a company manufacturing ergonomic, lightweight, and collapsible carts and trolleys. This was started by Richard Elden in 1998. As of October 2023, DBest Products net worth is around $20 million dollars. Furthermore, they’re pulling in a whopping $10 million in annual revenue.
In February 2017, they appeared on Season 8 of Shark Tank USA and made a deal with Mark Cuban and Lori Greiner, for $350,000 for 5% of equity. The final valuation was $1.75 milion, down from the founder’s initial estimate of $7 million.
As of October 2023, DBest Products is successfully running operations. Their products are available at the company website as well as Target, Walmart, Amazon, and Bed Bath & Beyond.
DBest Products Net Worth
|Net worth||$20 million (2023)|
|Annual Sales Revenue||$10 million (2023)|
|Lifetime sales||$5 million (2017)|
|Investor||Mark Cuban and Lori Greiner|
DBest Products Net Worth Timeline
|Net Worth 2023||$20 million|
|Net Worth 2022||$15 million|
|Net Worth 2021||$10 million|
|Net Worth 2020||$8 million|
|Net worth valuation in 2017 after appearing on Shark Tank||$1.75 million|
|Net worth valuation in 2017 before appearing on Shark Tank||$7 million|
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|
|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|
Don’t miss these products from Season 8
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 22 Million USD as of 2023.
|2017||DBest Products got featured on Shark Tank and managed to secure a deal|
|2023||Currently DBest Products are available in 30 countries|
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.