Fur, public hair care products, was started by Laura Schubert and Lillian Tung in 2016. As of August 2023, Fur net worth is $30 Million and they’re pulling in a whopping $5 Million in annual revenue.
In February 2020, they appeared on Season 11 of Shark Tank USA and made a deal with Lori Greiner, for $500,000 for 8% equity. The final valuation was $6.25 Million, down from the founder’s initial estimate of $20 Million.
In August 2023, Fur is still in business. You can purchase their products from their company website and other e – commerce channels.
Fur Net Worth
Net worth | $30 Million |
Annual Sales Revenue | $5 Million |
Profits | Not available |
Lifetime Sales | Not available |
Shark Tank Investor | Lori Greiner |
Founder | Laura Schubert and Lillian Tung |
Employees | – |
Fur Net Worth Timeline
Net Worth 2023 | $30 Million |
Net Worth 2022 | $20 Million |
Net Worth 2021 | $10 Million |
Net worth valuation2020 after appearing on Shark Tank | $6.25 Million |
Net worth valuation 2020 before appearing on Shark Tank | $20 Million |
Fur Pitch on Shark Tank
Company name | Fur |
Product | Public hair care products |
Episode | Season 11 Episode 13 |
Founders | Laura Schubert and Lillian Tung |
Asked for | $500,000 for 2.5% equity |
Final deal | $500,000 for 8% equity |
Shark | Lori Greiner |
Location | Lafayette Street, New York, United State. |
Fur Founders
Fur was founded by Laura Schubert and Lillian Tung in 2016. Laura Schubert and Lillian Tung were friends. They frustrated with the lack of body-positive pubic hair care products on the market. They wanted to create a product that would help people feel good about their pubic hair. Then they found fur in 2016. Fur’s founders, Laura Schubert and Lillian Tung, have a net worth of 1.6 Million USD as of 2023.
Key accomplishments:
Year | Accomplishment |
2020 | Appeared Shark Tank season 11 episode 13 |
2021 | Got $10 Million annual revenue. |
2022 | Achieve $20 Million annual 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 Fur and its continued success.