Grease Bags Net Worth 2023 Update (Before & After Shark Tank)


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)
Lifetime sales
InvestorBarbara Corcoran
FounderLaTangela Newsome

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 nameGrease Bags
ProductEco-friendly grease disposal alternative
EpisodeSeason 08 Episode 13
Founder LaTangela Newsome
Asked for$75,000 for 25% equity
Final deal$75,000 for 50% equity
SharkBarbara Corcoran

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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 2023.

Key accomplishments

2023Grease Bags provides an eco-friendly solution to Protect Your Family and Environment From Grease Contamination.
2017Grease Bags appeared on Shark Tank


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.