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) |
| Profits | – |
| Lifetime sales | $5 million (2017) |
| Investor | Mark Cuban and Lori Greiner |
| Founder | Richard Elden |
| Employees | <25 |
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 |
| 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 |
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.
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.