Foam Party Hats Net Worth 2023 Update (Before & After Shark Tank)
Foam Party Hats, a hat product, was started by Manuel and Grace Rojas in 2010. As of December 2023, Foam Party Hats’s net worth is $4 million and they’re pulling in a whopping $1 million in annual revenue.
In November 2021, they appeared on season 5 of Shark Tank USA and made a deal with Mark Cuban and Lori Greiner, $100,000 for 25% equity. The final valuation was $400K, down from the founder’s initial estimate of $666K.
As of 2023 December, the company is still in business. You can purchase products through e-commerce channels such as their website and Amazon.
Foam Party Hats Net Worth
| Net worth | $4 million |
| Annual Sales Revenue | $1 million |
| Profits | – |
| Lifetime sales | $2.5 million (As of 2023) |
| Investors | Mark Cuban and Lori Greiner |
| Founders | Manuel and Grace Rojas |
| Employees | 1-10 employees |
Foam Party Hats Net Worth Timeline
| Net Worth 2023 | $4 million |
| Net Worth 2022 | $3.5 million |
| Net worth valuation 2021 after appearing on Shark Tank | $400K |
| Net worth valuation 2021 before appearing on Shark Tank | $666K |
Foam Party Hats Pitch on Shark Tank
| Company name | Foam Party Hats |
| Product | Custom-designed foam hats |
| Episode | Season 12 Episode 05 |
| Founders | Manuel and Grace Rojas |
| Asked for | $100,000 for 15% equity |
| Final deal | $100,000 for 25% equity |
| Sharks | Mark Cuban and Lori Greiner |
| Location | Houston, Texas, United States |
Don’t miss these product from Season 12
Foam Party Hats Founders
Foam Party Hats was founded by Manuel and Grace Rojas in 2010. Manuel and Grace Rojas form a lively team as a husband and wife. Originally from Venezuela, Manuel has an engineering background, giving him the technical know-how to craft top-notch foam hats. Meanwhile, Grace contributes her creative vision and business skills to guide the design and market strategy. Foam Party Hats’s founders, Manuel and Grace Rojas, have a net worth of 660K USD as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2021 | The company appeared on Shark Tank Season 12 and got the deal from Mark Cuban and Lori Greiner. |
| 2023 | They managed to send their hats to more than 30 countries, such as Spain, the UK, France, Singapore, Canada, Italy, China, Israel, and New Zealand. |
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 Foam Party Hats and its continued success.