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)|
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|
|Asked for||$75,000 for 25% equity|
|Final deal||$75,000 for 50% equity|
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.
|2023||Grease Bags provides an eco-friendly solution to Protect Your Family and Environment From Grease Contamination.|
|2017||Grease 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.