"Hot Tot" Net Worth 2023 Update

Hot Tot, a Professional-grade hair product for children, was started by Megan Gage in 2011. As of April 2024, Hot Tot’s net worth is $5 Million, and they’re pulling in a whopping $3.1 Million in annual revenue. 

On January 4, 2013, they appeared on Season 4 of Shark Tank USA and made a deal with Mark Cuban, for $75,000 for 40% equity. The final valuation was $187,500, down from the founder’s initial estimate of $333,333.

Hot Tot Hair Products company is still in business, and its products are available on the official website and on Amazon.

Hot Tot Net Worth

Net worth$5 Million (2024)
Annual Sales Revenue$3.1 Million (2023)
Lifetime sales
InvestorMark Cuban
FounderMegan Gage

Hot Tot Net Worth Timeline

Net Worth 2024$5 Million
Net Worth 2023$5 Million
Net Worth 2022$4 Million
Net worth valuation in 2013 after appearing on Shark Tank  $187,500
Net worth valuation in 2013 before appearing on Shark Tank  $333,333

Hot Tot Pitch on Shark Tank

Company nameHot Tot
ProductProfessional-grade hair products for children
EpisodeSeason 04 Episode 12
Founder Megan Gage
Asked for$50,000 for 15% equity
Final deal$75,000 for 40% equity
SharkMark Cuban
LocationDenver, CO

Don’t miss these products from Season 4

Hot Tot Founder

Hot Tot was founded by Megan Gage in 2011. Megan Gage’s motherhood was the key inspiration for starting this company. She wanted to make the other motherhood lives easy as well. Hot Tot’s founder, Megan Gage, has a net worth of $2 to $5 million as of 2024.

Key accomplishments

2023Hot Tot has become a household name for the children’s hair care industry.
2013Hot Tot 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 of Hot Tot and its continued success.

Similar Posts