Happy Feet Net Worth 2023 Update (Before & After Shark Tank)

Shark-Tank-US-Net-worth-Update-S05E23Happy-Feet

Happy Feet, Fun, comfortable slippers, was started by Pat Yates in April 1980. As of October 2023, Happy Feet net worth is $5 million. And they’re pulling in a whopping $17.7 million in annual revenue. 

In February 2014, they appeared on season 5 of Shark Tank USA and made a deal with Robert Herjavec, for $375,000 for 25% of equity. The final valuation was $1.5 million, down from the founder’s initial estimate of $2.5 million.

Happy Feet is still in business as of October 2023. Happy Feet has two main businesses: a chain of shoe stores and a company that sells massaging liquid insoles for shoes. The company also licenses its trademark to the United States Postal Service (USPS). To know more about this company, visit their official website

Happy Feet Net Worth

Net worth$5 million (2023)
Annual Sales Revenue$17.7 million (2023)
ProfitsNot publicly available
Lifetime salesNot publicly available
InvestorRobert Herjavec
FounderPat Yates
Employees62 employees

Happy Feet Net Worth Timeline

Net Worth 2023$5 million
Net Worth 2022$5 million
Net worth valuation 2014 after appearing on Shark Tank  $1.5 million
Net worth valuation 2014 before appearing on Shark Tank  $2.5 million

Happy Feet Pitch on Shark Tank

Company nameHappy Feet
ProductFun, comfortable slippers
EpisodeSeason 05 Episode 24
FounderPat Yates
Asked for$375,000 for 15% Equity
Final deal$375,000 for 25% Equity
Shark Robert Herjavec
LocationCarlsbad, California

Don’t miss these product from Season 05

Happy Feet Founder

Happy Feet was founded by Pat Yates in 1980.  He wanted to create a store that offered a wide variety of high-quality shoes that were also supportive and comfortable. Happy Feet’s founder, Pat Yates, has a net worth of $3.75 million as of 2023.

Key accomplishments

YearAccomplishment
2014Appeared on Shark Tank season 05 and Robert Herjavec invested $375,000 for 25% Equity

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 Happy Feet and its continued success.