LaTangela Newsome created Grease Bags in 2016 to help people dispose of cooking grease in an eco-friendly way. She appeared on Shark Tank in 2017 and landed a deal with Barbara Corcoran for $75,000 for 50% equity. However, the deal didn’t close due to high production costs.
Despite this, Grease Bags continued operations and is now available online, including on its website and Amazon. As of 2025, the company remains active, offering affordable, environmentally safe grease disposal solutions and making a positive impact on waste management.
Grease Bags Net Worth
Net worth | $15 Million (2025) |
Annual Sales Revenue | $3 Million |
Investor | Barbara Corcoran |
Founder | LaTangela Newsome |
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 |
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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 2025.
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.