Grease Bags, an Eco-friendly grease disposal alternative, was started by LaTangela Newsome in 2016. As of November 2023, Grease Bag’s net worth is $15 Million and they’re pulling in a whopping $3 Million in annual revenue.
On January 13, 2017, they appeared on Season 8 of Shark Tank USA and made a deal with Barbara Corcoran, for $75,000 for 50% equity. The final valuation was $150,000, down from the founder’s initial estimate of $300,000.
Protect Your Family and Environment From Grease Contamination. Grease Bags Is still in business and their products are available on the website.
Grease Bags Net Worth
| Net worth | $15 Million (2023) |
| Annual Sales Revenue | $3 Million (2023) |
| Profits | – |
| Lifetime sales | – |
| Investor | Barbara Corcoran |
| Founder | LaTangela Newsome |
| Employees | – |
Grease Bags Net Worth Timeline
| Net Worth 2023 | $15 Million |
| Net Worth 2022 | $13 Million |
| Net Worth 2021 | $11 Million |
| Net Worth 2020 | $8 Million |
| Net worth valuation in 2017 after appearing on Shark Tank | $150,000 |
| Net worth valuation in 2017 before appearing on Shark Tank | $300,000 |
Grease Bags Pitch on Shark Tank
| Company name | Grease Bags |
| Product | Eco-friendly grease disposal alternative |
| Episode | Season 08 Episode 13 |
| Founder | LaTangela Newsome |
| Asked for | $75,000 for 25% equity |
| Final deal | $75,000 for 50% equity |
| Shark | Barbara Corcoran |
| Location | USA |
Don’t miss these products from Season 8
Grease Bags Founder
Grease Bags was founded by LaTangela Newsome in 2016. She is an entrepreneur, mother, actress, and writer. She is very passionate about making a greener world. Grease Bags’s founder, LaTangela Newsome, has a net worth of USD 15 Million as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2023 | Grease Bags provides an eco-friendly solution to Protect Your Family and Environment From Grease Contamination. |
| 2017 | Grease Bags appeared on Shark Tank |
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 Grease Bags and its continued success.