DrainWig-Shark-Tank-US-Net-worth-Update

DrainWig, a hair trap for showers, was started by Jennifer and Gifford Briggs in 2012. As of September 2023, DrainWig’s net worth is $2.5 million, and they’re pulling in a whopping $1 million in annual revenue. 

In October 2017, they appeared on Season 09 of Shark Tank USA and made a deal with Kevin O’Leary, $300,000 for 15% equity. The final valuation was $2 million, down from the founder’s initial estimate of $6 million.

As of September 2023 DrainWig is still in business. You can purchase DrainWig products online through their ecommerce channels such as their website and Amazon.

DrainWig Net Worth

Net worth$2.5 million
Annual Sales Revenue$1 million
Profits–
Lifetime Sales$14.2 million
Shark Tank InvestorKevin O’Leary
FounderJennifer and Gifford Briggs
Employees1 to 25 employees

DrainWig Net Worth Timeline

Net Worth 2023$2.5 million
Net Worth 2022$1 million
Net Worth 2021$1 million
Net worth valuation 2017 after appearing on Shark Tank  $2 million
Net worth valuation 2017 before appearing on Shark Tank  $6 million

DrainWig Pitch on Shark Tank

Company nameDrainWig
ProductHair-catching drain plug
EpisodeSeason 09 Episode 06
Founders Jennifer and Gifford Briggs
Asked for$300,000 for 5% equity
Final deal$300,000 for 15% equity
Shark Kevin O’Leary
LocationUtah, USA

DrainWig Founders

DrainWig was founded by Jennifer and Gifford Briggs in 2012. Jennifer and Gifford Briggs, a couple from Utah with five daughters, devised the idea for DrainWig. They got inspired from dealing with clogged drains caused by their long hair in the showers and bathroom sinks at home. This led to the creation of DrainWig. DrainWig’s founders, Jennifer and Gifford Briggs, have a net worth of 1 million USD as of 2023.

Key accomplishments

YearAccomplishment
2017The company appeared in Shark Tank Season 09 and got a deal from Kevin O’Leary
2023As of September 2023, the company is still in business with $1 million in revenue

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 DrainWig and its continued success.

ABOUT KESARA BANDARAGODA
Kesara Bandaragoda is a Sri Lankan-born media entrepreneur currently based in Dubai, with a lifelong passion for storytelling, innovation, and all things screen-worthy. Whether it's a mind-bending sci-fi epic or the latest startup pitch on Shark Tank, Kesara is all in. In fact, he was one of the earliest content creators to cover Shark Tank Australia online and has been tracking its businesses, products, and founders since 2019 — long before it was cool.

Kesara is the visionary CEO behind BrandFactory, a digital media company powering multiple content platforms that reach millions. When he’s not leading a team of creatives, he’s often geeking out over Marvel and DC universes, decoding Spielberg's directorial magic, or revisiting classics like The Shawshank Redemption, Interstellar, and Pirates of the Caribbean (yes, he's a Johnny Depp loyalist).

INDUSTRY FOCUS
Kesara’s writing and content leadership often focus on the intersection of entrepreneurship, entertainment, and emerging digital cultures. He’s particularly passionate about telling stories that celebrate founders, dissect business blueprints from media narratives, and spark curiosity in audiences across the globe.

FAVORITE MEDIA
A sci-fi enthusiast with a taste for high-stakes storytelling, Kesara’s favorite titles range from cerebral time-space odysseys to charismatic pirate adventures. He thrives in content that mixes real-world business insight with the spectacle of entertainment — think Shark Tank meets Black Mirror, with a touch of Marvel heroics.

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