HangEase, a kid’s collapsible hanger, was started by Ryan Landisin in 2003. As of October 2023, HangEase’s net worth is $266,666. Their sales have increased over the years.
On May 2, 2014, they appeared on Season 5 of Shark Tank USA and made a deal with Mark Cuban, and Lori Greiner, for $80,000 in exchange for 30% equity. The final valuation was $266,666, the same as the founder’s initial estimate.
We can be sure whether the Company is still in business or not. Their products are available on Amazon but currently unavailable.
HangEase Net Worth
| Net worth | $266,666 (Business Valuation) |
| Annual Sales Revenue | – |
| Profits | – |
| Lifetime sales | – |
| Investors | Mark Cuban, Lori Greiner |
| Founder | Ryan Landisin |
| Employees | – |
HangEase Net Worth Timeline
| Net Worth 2023 | $266,666 |
| Net Worth 2022 | $220,000 |
| Net Worth 2021 | $200,000 |
| Net Worth 2020 | $180,000 |
| Net worth valuation in 2014 after appearing on Shark Tank | $266,666 |
| Net worth valuation in 2014 before appearing on Shark Tank | $266,666 |
HangEase Pitch on Shark Tank
| Company name | HangEase |
| Product | Kid’s collapsible hanger |
| Episode | Season 05 Episode 27 |
| Founder | Ryan Landis |
| Asked for | $80,000 for 30% |
| Final deal | $80,000 for 30% |
| Sharks | Mark Cuban and Lori Greiner |
| Location | USA |
HangEase Founder
HangEase was founded by Ryan Landis in 2003. Ryan Landis is the founder of HangEase Kid’s Collapsible Hanger company. He came up with the idea for the collapsible hanger when he was in the third grade as a school invention project. HangEase’s founder, Ryan Landis, has a net worth of $266,666 as of 2023.
Key accomplishments:
| Year | Accomplishment |
| 2014 | Appearing on the popular TV show Shark Tank in 2014 |
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 Spretz and its continued success.
