Fanion Net Worth & Shark Tank Update (2025): What Happened to the Tear-Free Onion Fan?

If you’ve ever cried while chopping onions, you’re not alone—and Fanion was created to solve that exact problem. Featured on Shark Tank Season 16, Episode 18 (aired May 2, 2025), Fanion is a cute, cordless fan designed to blow onion fumes away before they hit your eyes. It’s gone viral with home cooks for being both useful and oddly charming. As of 2025 and based on the available data, Fanion’s net worth is estimated at around $100,000.

But behind the quirky design lies a serious business story. Viewers who watched the pitch have one burning question: What is Fanion’s net worth? And more importantly, what happened after the Shark Tank episode aired? This in-depth article answers both by providing a complete, research-backed Fanion Shark Tank update, covering founders, product performance, financials, and the company’s future.

Fanion Net Worth (2025): What Is the Company Worth Now?

Fanion’s exact net worth in 2025 is not publicly disclosed, but based on available data from Shark Tank and post-show updates, it’s reasonable to estimate that Fanion net worth remains at around $100,000.

Here’s why:

• The founders disclosed $468,000 invested, mostly in inventory.
• At the time of filming, they had 31,000 units in stock but only 1,800 sold.
• They’ve since expanded to Amazon, suggesting slow but continued traction.
• However, Fanion revenue figures, sales numbers, and growth trajectory have not been made public.

While it’s difficult to assign an exact Fanion company worth, the brand is still in business, selling online and gathering positive reviews, which suggests some staying power in its niche.

How the net worth is estimated:

We’re figuring out Fanion’s net worth, which is basically the value of what the company owns (assets) minus what it owes (debts). Since Fanion is a small, private company with limited public info, we’ll use the numbers we know from their Shark Tank pitch and make smart guesses where needed. The main numbers come from their investment, inventory, and sales.

Step 1: What Does Fanion Own? (Assets)

Let’s add up the stuff Fanion has that’s worth money.

a. Inventory (Unsold Fans)

• Fact: Fanion had 31,000 fans in stock during their Shark Tank pitch, and they’d sold 1,800. So, 31,000 – 1,800 = 29,200 unsold fans.
• Source: Fanion Shark Tank Update – The Shark Tank Project.
• Cost: Each fan costs $8.09 to make.
• Source: Fanion Shark Tank | Shark Tank Blog.
• Value: 29,200 fans × $8.09 = $236,228.
• Why: We use the cost to make the fans (not the selling price) because unsold inventory is valued at what it cost to produce, like ingredients in a kitchen before you sell the meal.

b. Money from Sales Before Shark Tank

• Fact: Fanion sold 1,800 fans at $19.99 each.
• Total Sales: 1,800 × $19.99 = $35,982.
• Cost to Make Those Fans: 1,800 × $8.09 = $14,562.
• Profit: $35,982 – $14,562 = $21,420.
• Guess: After paying for things like shipping or ads, let’s say they keep half of that profit as cash, so $21,420 ÷ 2 = $10,710.
• Why: We’re guessing they spent some money on running the business, so not all profit is cash in hand.

c. Money from Sales After Shark Tank

• Fact: Fanion is selling on Amazon with good reviews, but we don’t know exact sales numbers.
• Guess: Let’s assume they sold 5,000 more fans after the show because of the exposure, which fits the article’s “steady” growth.
• Sales: 5,000 × $19.99 = $99,950.
• Cost to Make: 5,000 × $8.09 = $40,450.
• Profit: $99,950 – $40,450 = $59,500.
• Cash Kept: Half of that profit, $59,500 ÷ 2 = $29,750.
• Why: Again, we assume they spent some money on business costs, so they keep half.

d. Patents (Special Value)

• Fact: Fanion has patents for its design and function.
• Guess: Patents are valuable because they protect the idea, but it’s hard to price them. Let’s say they’re worth $50,000 for a small, niche product.
• Why: This is a rough estimate since no one’s told us the patents’ exact value, but it’s reasonable for a unique kitchen gadget.

Total Stuff Fanion Owns:

• Inventory: $236,228
• Cash from early sales: $10,710
• Cash from Amazon sales: $29,750
• Patents: $50,000
• Total = $236,228 + $10,710 + $29,750 + $50,000 = $326,688

Step 2: What Does Fanion Owe? (Debts)

• Fact: The founders put in $468,000, mostly for inventory.
• Source: Fanion Shark Tank Update – The Shark Tank Project.
• Guess: Let’s say half of that $468,000 is money they borrowed (like a loan), and half is their own money. So, debt = $468,000 ÷ 2 = $234,000.
• Why: We don’t know if they borrowed money, but assuming half is a loan is a fair guess for a startup. The other half is their investment, which isn’t a debt.

Total Debt: $234,000

Step 3: What’s the Net Worth?

• Formula: Net worth = What they own – What they owe
• Calculation: $326,688 – $234,000 = $92,688

Due to the unavailability of publicly disclosed exact figures of the exact business costs or their other debts, we are estimating a final net worth of $100,000.

Fanion Shark Tank Update: What Happened in the Tank?

The Fanion Shark Tank pitch introduced viewers to Glenn Smith and his daughter Madison Smith, who pitched their kitchen innovation seeking $90,000 for 15% equity.

Despite demonstrating a genuinely useful product, the pitch didn’t end in a deal. Here’s a breakdown of what happened:

The Fanion Shark Tank deal didn’t go through, but the exposure led to real momentum. Since airing, Fanion has made some strategic moves—so let’s look at what happened next.

What Happened After Shark Tank?

Despite walking away without a Shark, the company didn’t fold. In fact, here’s a clear Fanion business update:

• Fanion is still in business as of mid-2025.
• Now available on Amazon, making it more accessible to everyday consumers.
• Maintains a positive reputation with strong customer reviews.

However, Fanion sales figures post-show are not publicly disclosed, and the company has not launched any new products since.

So, while the growth is steady rather than explosive, the brand is finding its place in the market.

Meet the Founders: A Family-Run Startup

Fanion is more than a product—it’s a family project.

• Glenn Smith (CEO) – Former VP at a poultry company, brings operational experience.
• Madison Smith (CMO) – Industrial engineer from Georgia Tech, handles branding.

Their teamwork and shared vision reflect a deeply personal motivation: making cooking easier and more enjoyable.

Fanion Product Review: What Makes It Unique?

Fanion stands out with its onion-shaped design and functional simplicity. Here’s a quick rundown of its specs:

• Cordless & battery-powered (4 AA batteries)
• Lightweight (under 0.5 lbs)
• Color options: Red Onion, White Onion, Yellow Onion, Sweet Onion
• Utility & design patented
• Works on onions, garlic, scallions, shallots, and chili peppers

Fanion product reviews on Amazon and their website are overwhelmingly positive. Many buyers say it’s both functional and fun:

• “Game changer! I made it through an entire onion with only slight irritation.”
• “I keep it in my onion basket. I will never get onion eyes again!”

Distribution Channels: Where Can You Buy Fanion?

Currently, Fanion is sold:

• Direct-to-consumer via myfanion.com
• On Fanion on Amazon, with 4+ star average ratings

There’s no evidence of retail store partnerships (like Walmart or Target) yet, but being on Amazon is a smart move that reflects solid market awareness.

Risks, Challenges & Growth Potential

Every business has roadblocks, and Fanion’s biggest challenge remains the same as during their Shark Tank pitch:

• High inventory risk: Having 31,000 units with slow-moving sales can pressure finances.
• Niche market: Limited to tear-prevention use, with no product expansion yet.
• Limited visibility: No major influencer or retail partnerships (yet).

That said, Fanion’s presence on Amazon shows growth potential. If leveraged well, influencer marketing could push Fanion beyond its niche.

Final Thoughts: Is Fanion a Gimmick or a Growing Brand?

Fanion walks a fine line between kitchen gadget and novelty gift, but it’s not just for laughs—it actually works.

Whether it becomes the next Scrub Daddy or remains a cult favorite depends on strategic moves like:

• Broadening its product line
• Boosting digital marketing
• Strengthening social proof with influencers

So, is Fanion still in business? Yes.
Is it thriving? It’s holding strong, and the story’s still unfolding.

Quick Facts Table

If you’re looking for the real story behind Fanion’s rise, Shark Tank appearance, and current business status, this article gives you a full picture of the company, its challenges, and its potential.

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