Glove Wrap’s net worth is $100,000 as of January 2024. By the time of their pitch in 2023, the company had $19,000 in lifetime sales. Glove Wrap is a wrap for baseball and softball gloves. Jon, Gavin, and Morgan Batarse started this business in 2022.
In October 2023, they appeared on season 15 of Shark Tank USA and made a deal with Mark Cuban and Michael Rubin for $50,000 for 22% equity. The final valuation was $227,272, down from the founder’s initial estimate of $250,000
The company witnessed significant growth in business following the pitch on Shark Tank. The product gained more visibility from the show and featured in several magazines, including the LA Times. You can buy their products via the company website, Amazon, as well as selected sporting goods retailers.
Glove Wrap Net Worth
| Net worth | $100,000 (2024) |
| Annual Sales Revenue | Not available |
| Profits | Not available |
| Lifetime sales | $19,000 (2023) |
| Investors | Mark Cuban and Michael Rubin |
| Investment | $50,000 for 22% equity |
| Founders | Jon, Gavin, and Morgan Batarse |
| Employees | <10 |
Glove Wrap Net Worth Timeline
| Net Worth 2024 | $100,000 |
| Net worth valuation in 2023 after appearing on Shark Tank | $227,272 |
| Net worth valuation in 2023 before appearing on Shark Tank | $250,000 |
Glove Wrap Pitch on Shark Tank
| Product | A wrap for baseball and softball gloves |
| Episode | Season 15 Episode 03 |
| Founders | Jon, Gavin, and Morgan Batarse |
| Asked for | $50,000 for 20% equity |
| Company name | Glove Wrap |
| Final deal | $50,000 for 22% equity |
| Sharks | Mark Cuban and Michael Rubin |
| Location | Tustin, California |
Don’t miss these products from Season 15
Glove Wrap Founders
Jon, Gavin, and Morgan Batarse founded Glove Wrap in 2022. Jon is a baseball coach by profession. His son Gavin and daughter Morgan both train under him. Eight-years old Gavin initially came up with the business idea. Glove Wrap’s founders, Jon, Gavin, and Morgan Batarse’s net worths are unknown as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2023 | The company was featured on Shark Tank and secured a deal. Gavin got the opportunity to hand over the product to well-known baseball players, including Mike Trout, Brett Phillips, and Eduardo Escobar. |
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 Glove Wrap and its continued success.
