Grease-Bags-Shark-Tank-US-Net-worth

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
InvestorBarbara Corcoran
FounderLaTangela Newsome

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
LocationUSA

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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

YearAccomplishment
2023Grease Bags provides an eco-friendly solution to Protect Your Family and Environment From Grease Contamination.
2017Grease 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.

ABOUT KESARA BANDARAGODA
Kesara Bandaragoda is a Sri Lankan-born media entrepreneur currently based in Dubai, with a lifelong passion for storytelling, innovation, and all things screen-worthy. Whether it's a mind-bending sci-fi epic or the latest startup pitch on Shark Tank, Kesara is all in. In fact, he was one of the earliest content creators to cover Shark Tank Australia online and has been tracking its businesses, products, and founders since 2019 — long before it was cool.

Kesara is the visionary CEO behind BrandFactory, a digital media company powering multiple content platforms that reach millions. When he’s not leading a team of creatives, he’s often geeking out over Marvel and DC universes, decoding Spielberg's directorial magic, or revisiting classics like The Shawshank Redemption, Interstellar, and Pirates of the Caribbean (yes, he's a Johnny Depp loyalist).

INDUSTRY FOCUS
Kesara’s writing and content leadership often focus on the intersection of entrepreneurship, entertainment, and emerging digital cultures. He’s particularly passionate about telling stories that celebrate founders, dissect business blueprints from media narratives, and spark curiosity in audiences across the globe.

FAVORITE MEDIA
A sci-fi enthusiast with a taste for high-stakes storytelling, Kesara’s favorite titles range from cerebral time-space odysseys to charismatic pirate adventures. He thrives in content that mixes real-world business insight with the spectacle of entertainment — think Shark Tank meets Black Mirror, with a touch of Marvel heroics.

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