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.
Read the detailed version about Foam Party Hats
